Oil & Gas

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…
Fuel prices cut by 15 paise/litre after a week’s break

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

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

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…
Era of leaded petrol finally over globally, says UN

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.
Indonesia approves plan to develop Ubadari gas field

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…
Nayara Energy ties up Rs4,000 cr to foray into petrochemical

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

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

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

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

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

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

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…
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