Oil & Gas

PNGRB invites bids for city gas licence for 65 GAs

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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…
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