Oil & Gas
Fuel prices cut by 15 paise/litre after a week’s break
September 1, 2021
Fuel prices cut by 15 paise/litre after a week’s break
Fuel consumers have finally been given some relief from high prices of petroleum products with oil marketing companies reducing the…
ADNOC awards Pakistani consortium exploration rights
August 31, 2021
ADNOC awards Pakistani consortium exploration rights
Abu Dhabi National Oil Company (ADNOC) had signed an exploration concession agreement with a consortium of four Pakistani companies, in…
Crude oil futures dip on weak demand
August 31, 2021
Crude oil futures dip on weak demand
Crude oil prices on Tuesday fell by Rs 61 to Rs 5,010 per barrel after participants cut their positions. On…
Indonesia approves plan to develop Ubadari gas field
August 31, 2021
Indonesia approves plan to develop Ubadari gas field
Mitsubishi Corp and other Japanese firms said an Indonesian regulator has approved their plan to develop the new Ubadari gas…
Era of leaded petrol finally over globally, says UN
August 31, 2021
Era of leaded petrol finally over globally, says UN
When service stations in Algeria stopped providing leaded petrol in July, the use of leaded petrol ended globally.
Nayara Energy ties up Rs4,000 cr to foray into petrochemical
August 27, 2021
Nayara Energy ties up Rs4,000 cr to foray into petrochemical
Nayara Energy said it has achieved financial closure for phase-one expansion plans for petrochemical business following the tie-up of Rs…
MEIL hands over second oil rig to ONGC, more by 2022
August 27, 2021
MEIL hands over second oil rig to ONGC, more by 2022
MEIL said it has delivered the second oil rig to ONGC, and another 21 rigs will be supplied to the…
Govt sensitive to fuel price rise, relief in coming month: Puri
August 25, 2021
Govt sensitive to fuel price rise, relief in coming month: Puri
Union Petroleum Minister Hardeep Singh Puri said that the Central government is sensitive to fuel price rise while also hinting…
Morbi ceramic industry face Rs100cr burden due to gas price
August 25, 2021
Morbi ceramic industry face Rs100cr burden due to gas price
A hike in the price of industrial gas by Gujarat Gas Ltd will put an additional burden of over Rs…
Petrol, diesel prices cut as global oil rates soften
August 24, 2021
Petrol, diesel prices cut as global oil rates soften
the pump price of petrol and diesel was cut 15 paise per litre to Rs 101.49 a litre and Rs…
Vedanta discovers natural gas in Gujarat
August 24, 2021
Vedanta discovers natural gas in Gujarat
Vedanta said it has made a natural gas discovery in a block in Gujarat that it had won in the…
Adani Total Gas acquires gas meter manufacturing company
August 23, 2021
Adani Total Gas acquires gas meter manufacturing company
Adani Total Gas Ltd, the city gas joint venture of Adani Group and Total Energies of France - has acquired…
Petronet aims to extend long-term LNG buy deal with Qatar
August 16, 2021
Petronet aims to extend long-term LNG buy deal with Qatar
India's top gas importer Petronet LNG hopes to extend its long-term deal to purchase liquefied natural gas (LNG) from Qatar…
DGH overhauls approval processes for oil, gas fields
August 15, 2021
DGH overhauls approval processes for oil, gas fields
A self-certified declaration of a commercial oil or gas discovery is all that is now needed by a company to…
PM sets 2047 target for India to become energy independent
August 15, 2021
PM sets 2047 target for India to become energy independent
Prime Minister Narendra Modi on Sunday set a target of becoming 'energy independent' by 2047 through a mix of electric…
NTPC to setup pilot project on Hydrogen blending with Gas
August 14, 2021
NTPC to setup pilot project on Hydrogen blending with Gas
NTPC Limited has floated a global Expression of Interest (EoI) to set up a Pilot Project on Hydrogen Blending with…
Bangladesh discovers new gas field worth over $148 mn
August 11, 2021
Bangladesh discovers new gas field worth over $148 mn
Bangladesh has announced to have discovered a new gas field containing a probable reserve of about 68 billion cubic feet…
Modi launches Ujjwala 2.0 to provide free LPG connections
August 10, 2021
Modi launches Ujjwala 2.0 to provide free LPG connections
Prime Minister Narendra Modi launched Ujjwala 2.0, the second phase of the Pradhan Mantri Ujjwala Yojana (PMUY) by handing over…
Parliament passes bill to bury ghost of retrospective taxation
August 10, 2021
Parliament passes bill to bury ghost of retrospective taxation
Parliament cleared a bill to bury the ghost of retrospective taxation which had created discontent among foreign investors.
Mizoram stares at fuel shortage amid border row
August 8, 2021
Mizoram stares at fuel shortage amid border row
The Mizoram government ordered rationing the purchase of diesel and petrol as the movement of vehicles, including the tankers carrying…
Leak from ONGC gas pipeline triggers panic in South Tripura
August 7, 2021
Leak from ONGC gas pipeline triggers panic in South Tripura
Gas leak from a pipeline of the state-run ONGC at Dhananjoynagar in South Tripura district triggered panic on Friday
$300-400M investment expected in latest oil & gas bid round
August 7, 2021
$300-400M investment expected in latest oil & gas bid round
India on Friday launched a new oil and gas exploration bid round, hoping to attract USD 300-400 million investment in…
Total 105 exploration blocks awarded under OALP
August 4, 2021
Total 105 exploration blocks awarded under OALP
The Minister for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Rajya Sabha…
Government making all efforts to reduce crude oil imports
August 4, 2021
Government making all efforts to reduce crude oil imports
Minister of Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in Rajya Sabha informed that…
MSRTC issues tenders for LNG and wet lease buses
August 4, 2021
MSRTC issues tenders for LNG and wet lease buses
The Maharashtra State Road Transport Corporation invited bids for hiring 500 ordinary buses as well as conversion of diesel buses…