Oil & Gas

Gas producers bleed as govt dictated prices remain low

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

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

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

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

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

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

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

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

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

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

“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%

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

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

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

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

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

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

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

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

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

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

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

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

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

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.
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