Oil & Gas
PNGRB invites bids for city gas licence for 65 GAs
September 18, 2021
PNGRB invites bids for city gas licence for 65 GAs
Oil regulator PNGRB invited bids for giving out city gas retailing licence in 65 geographical areas (GAs) including Jammu, Nagpur,…
Petrol, diesel prices set to rise as international oil rates surge
September 18, 2021
Petrol, diesel prices set to rise as international oil rates surge
A surge in international oil prices may translate into an increase in the retail selling price of petrol and diesel…
Petroleum products not to be included under GST: FM
September 18, 2021
Petroleum products not to be included under GST: FM
Petroleum products will not be included under the Goods and Services Tax (GST), said Union Finance Minister Nirmala Sitharaman.
19 injured in blast in Indian Oil’s Barauni refinery
September 17, 2021
19 injured in blast in Indian Oil’s Barauni refinery
At least 19 workers were injured on Thursday in a blast in the refinery of Indian Oil Corporation Limited (IOCL)…
Biofuel manufacturing, sand mining policy to boost WB
September 16, 2021
Biofuel manufacturing, sand mining policy to boost WB
West Bengal government made a slew of announcements aimed at giving a fillip to industry, including proposals for manufacturing biofuel,…
Trust between govt, industry critical to leverage opportunities
September 13, 2021
Trust between govt, industry critical to leverage opportunities
Finance minister Nirmala Sitharaman on Monday said that the trust between government and industry is critical for leveraging the opportunities…
Petronet looks to foray into petrochemical business
September 12, 2021
Petronet looks to foray into petrochemical business
Petronet LNG is looking to reclaim the lost opportunities of the past decade as it seeks fresh foray into the…
Vedanta seeks premium over govt rates from Assam block
September 11, 2021
Vedanta seeks premium over govt rates from Assam block
Vedanta Ltd is seeking a premium of at least $1 over the government-mandated price for the natural gas it plans…
India, US to collaborate on emerging fuels
September 11, 2021
India, US to collaborate on emerging fuels
India and the US have agreed to expand their energy partnership by adding emerging fuels to the list of areas…
LNG regasification operable capacity to rise by 12 mmtpa
September 11, 2021
LNG regasification operable capacity to rise by 12 mmtpa
India's LNG regasification operable capacity is expected to rise by 12 mmtpa due to removal of constraints at existing LNG…
Fuel demand jumps 11% in August to 16 MT
September 10, 2021
Fuel demand jumps 11% in August to 16 MT
India's fuel demand soared almost 11% in August when compared with the same month last year but lower than the…
Oman warns of $200 oil in a dig at IEA’s climate advice
September 10, 2021
Oman warns of $200 oil in a dig at IEA’s climate advice
Oil producer Oman warned that crude prices could soar to $200 a barrel as it criticised the International Energy Agency's…
Cairn accepts $1bn refund offer, to drop cases against India
September 7, 2021
Cairn accepts $1bn refund offer, to drop cases against India
UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France…
OVL in talks to buy stake in Vostok, Arctic LNG-2 project
September 7, 2021
OVL in talks to buy stake in Vostok, Arctic LNG-2 project
India's top energy companies including ONGC Videsh Ltd is discussing buying a stake in Russia's massive Vostok oil project as…
OVL, partners relinquish Israeli oil block
September 7, 2021
OVL, partners relinquish Israeli oil block
ONGC Videsh Ltd (OVL)-led Indian consortium has relinquished the offshore oil block due to very poor hydrocarbon prospectivity.
Wabag secures ₹84 crore order for Petronas Refinery
September 6, 2021
Wabag secures ₹84 crore order for Petronas Refinery
Water technology major Va Tech Wabag said it secured an order worth $11.45 million (about ₹84 crore) from Dialog E&C…
Government’s excise collection jumps 48% in Apr-July
September 6, 2021
Government’s excise collection jumps 48% in Apr-July
The government's collections from levy of excise duty on petroleum products have jumped 48% in the first four months of…
TotalEnergies signs $27 bn oil, gas & solar deal in Iraq
September 6, 2021
TotalEnergies signs $27 bn oil, gas & solar deal in Iraq
TotalEnergies signed a $27-billion contract to invest in oil, gas and solar production in Iraq, as the country faces an…
OVL, IOC sign pact with Russia’s Gazprom for Hydrocarbons
September 4, 2021
OVL, IOC sign pact with Russia’s Gazprom for Hydrocarbons
ONGC Videsh Ltd, India's flagship overseas oil and gas firm and the nation's largest refiner Indian Oil Corporation (IOC) on…
Petronet looks to make foray into petrochemical business
September 4, 2021
Petronet looks to make foray into petrochemical business
Petronet LNG Ltd, India's largest gas importer, plans to set up a petrochemical complex at Dahej in Gujarat as it…
Over ₹1.5 lakh cr UPA-era oil bonds need to be repaid: Puri
September 3, 2021
Over ₹1.5 lakh cr UPA-era oil bonds need to be repaid: Puri
Petroleum Minister Hardeep Singh Puri said over ₹1.5 lakh crore of oil bonds issued by the previous UPA government remains…
Petrol demand continues to rise in August
September 2, 2021
Petrol demand continues to rise in August
India's fuel demand recovery remained patchy in August as petrol consumption continued to rise but diesel sales fell, preliminary data…
ONGC pumps gas from U1B deepwater well in KG basin
September 1, 2021
ONGC pumps gas from U1B deepwater well in KG basin
Oil and Natural Gas Corp (ONGC) has pumped first gas from its deep-water U1B well in Krishna Godavari block KG-D5…
Coal India to replace diesel with LNG in dumpers
September 1, 2021
Coal India to replace diesel with LNG in dumpers
CIL has begun the process of retrofitting LNG kits in its dumpers, big trucks engaged in transportation of coal, a…
Pakistan steps up oil & gas imports as power demand surges
September 1, 2021
Pakistan steps up oil & gas imports as power demand surges
Pakistan has stepped up its oil and gas imports this year from last year as demand from its power sector…