Oil & Gas
Gas producers bleed as govt dictated prices remain low
April 3, 2021
Gas producers bleed as govt dictated prices remain low
Natural gas production remains a loss-making proposition for most fields for the Indian upstream producers as government-dictated gas price remains…
LNG Bunkering Market Size to Reach $ 5.14 Billion by 2027
April 1, 2021
LNG Bunkering Market Size to Reach $ 5.14 Billion by 2027
The LNG Bunkering Market is segmented by Product Type Truck-to-Ship, Port-to-Ship, Ship-to-Ship, and Portable tanks, by End-User (Container Fleet, Tanker…
BPCL acquires OQ’s stake in Bina refinery for Rs 2,400 cr
April 1, 2021
BPCL acquires OQ’s stake in Bina refinery for Rs 2,400 cr
Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) has acquired partner OQ's entire stake in the Bina refinery project in Madhya Pradesh…
Jet fuel price cut by 3% amid softer global crude rates
April 1, 2021
Jet fuel price cut by 3% amid softer global crude rates
In the first reduction in rate in two months, jet fuel or ATF price was cut by 3% in line…
Oil companies cut LPG price by Rs 10 per cylinder
April 1, 2021
Oil companies cut LPG price by Rs 10 per cylinder
After raising cooking gas prices by Rs 125 per cylinder last month, state owned oil firms on Wednesday announced a…
IGL signs 10 year agreement with DTC for supply of CNG
April 1, 2021
IGL signs 10 year agreement with DTC for supply of CNG
Indraprastha Gas Ltd, India's largest CNG retailer, signed a long-term agreement to supply compressed natural gas to Delhi Transport Corporation…
PipeChina to start operating gas pipelines & LNG terminal
March 31, 2021
PipeChina to start operating gas pipelines & LNG terminal
PipeChina will start operating four major gas pipelines and a liquefied natural gas (LNG) terminal after acquiring the assets from…
BHEL enters LSTK business for downstream oil & gas sector
March 30, 2021
BHEL enters LSTK business for downstream oil & gas sector
Against stiff international competitive bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has bagged a major order for a Sulphur Recovery…
Petrol prices down 19-22 paise across four metros
March 30, 2021
Petrol prices down 19-22 paise across four metros
Oil marketing companies reduced fuel prices on Tuesday after a four-day halt. Prices of the transportation fuel declined in the…
Ethanol sale for compatible automobiles to boost demand
March 30, 2021
Ethanol sale for compatible automobiles to boost demand
Centre's move to allow the direct sale of ethanol as a fuel for compatible automobiles is expected to boost demand,…
“She’s free”: Traffic in Suez Canal resumes
March 29, 2021
“She’s free”: Traffic in Suez Canal resumes
Shipping traffic through Egypt's Suez Canal resumed on Monday after a giant container ship which had been blocking the busy…
China’s Sinopec raises 2021 capital expenditure by 23.8%
March 28, 2021
China’s Sinopec raises 2021 capital expenditure by 23.8%
Sinopec, plans a 23.8% increase in capital spending to 167.2 billion yuan in 2021 following recovery of oil prices and…
Oil jumps 4% on fears Suez Canal blockage may last weeks
March 27, 2021
Oil jumps 4% on fears Suez Canal blockage may last weeks
Oil prices rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted…
Reliance-Aramco deal if crude oil averages USD 65/barrel
March 26, 2021
Reliance-Aramco deal if crude oil averages USD 65/barrel
A fall in crude oil price and Aramco's USD 75 billion annual dividend commitment may have delayed Saudi company picking…
IGX introduces new features to boost ease of trade
March 26, 2021
IGX introduces new features to boost ease of trade
Indian Gas Exchange (IGX) has introduced market-friendly features including improved auction methodology aimed at enhancing the ease of trade for…
Centre can ask 10% more share in profits from Barmer block
March 26, 2021
Centre can ask 10% more share in profits from Barmer block
The Delhi High Court said the Centre can demand 10% higher share in the profit derived from oil produced by…
Remove distortions before bringing petrol under GST: Moily
March 26, 2021
Remove distortions before bringing petrol under GST: Moily
Former Union Oil Minister and senior Congress leader M Veerappa Moily said distortions in the GST Act will have to…
GAIL Gas, Confidence Petroleum sign pact for CNG stations
March 25, 2021
GAIL Gas, Confidence Petroleum sign pact for CNG stations
GAIL Gas and Confidence Petroleum India Ltd (CPIL) on Thursday signed an agreement for setting up 100 CNG stations in…
OIL’s Mozambique project fulfils USD14.9 bn debt drawdown
March 25, 2021
OIL’s Mozambique project fulfils USD14.9 bn debt drawdown
ONGC Videsh Ltd and Oil India Ltd, together with their foreign partners, have met conditions precedent for the first debt…
Not possible to bring petrol under GST for next 8-10 years
March 24, 2021
Not possible to bring petrol under GST for next 8-10 years
BJP leader Sushil Kumar Modi said it is not possible to bring petrol and diesel under the GST regime for…
Petrol, diesel prices cut by 18 paise & 17 paise respectively
March 24, 2021
Petrol, diesel prices cut by 18 paise & 17 paise respectively
In the first reduction in rates in over a year, petrol price on Wednesday was cut by 18 paise per…
Oil PSUs to set up InvIT for asset monetisation
March 24, 2021
Oil PSUs to set up InvIT for asset monetisation
Oil sector PSUs would now float an Infrastructure Investment Trust (InvIT) as part of the asset monetisation exercise announced by…
Upcoming polls keep oil companies from hiking prices
March 18, 2021
Upcoming polls keep oil companies from hiking prices
Fuel prices in the country have remained steady for over a fortnight now as softening crude and upcoming elections in…
BPCL aims to increasing CNG sale share to 15% in 4-5yrs
March 17, 2021
BPCL aims to increasing CNG sale share to 15% in 4-5yrs
Bharat Petroleum Corporation Ltd (BPCL) is aiming big to expand its footprint in clean fuel space and looking to set…
Oil & gas sector are catalysing socio-economic change
March 16, 2021
Oil & gas sector are catalysing socio-economic change
Union Minister of Petroleum and Natural Gas Dharmendra Pradhan said that Energy is the catalyst of socio-economic change.