Oil & Gas
Petrol, diesel prices increase again after day’s pause
May 18, 2021
Petrol, diesel prices increase again after day’s pause
Under the new found preference for revising fuel prices every alternate day, the Oil and marketing companies (OMCs) raised the…
ONGC Videsh loses its discovered Farzad-B gas field in Iran
May 18, 2021
ONGC Videsh loses its discovered Farzad-B gas field in Iran
India on Monday lost the ONGC Videsh Ltd discovered Farzad-B gas field in the Persian Gulf after Iran awarded a…
Ninth hike in petrol, diesel prices since state election results
May 16, 2021
Ninth hike in petrol, diesel prices since state election results
Petrol price on Sunday was increased by 24 paise per litre and diesel by 27 paise, pushing rates across the…
Cairn looks to seize Air India assets to recover $1.7 bn
May 16, 2021
Cairn looks to seize Air India assets to recover $1.7 bn
UK's Cairn Energy Plc has brought a lawsuit in the US court that potentially can lead to seizing of Air…
Intense bidding for KG-D6 gas in e-auction
May 14, 2021
Intense bidding for KG-D6 gas in e-auction
Gas user’s companies like Indian Oil Corporation (IOC), Reliance O2C, GAIL Gas, Adani Total Gas Ltd, Torrent Gas, Torrent Power…
Cairn Oil starts production from tight oil project in Rajasthan
May 12, 2021
Cairn Oil starts production from tight oil project in Rajasthan
Cairn Oil & Gas, Vedanta Limited, India's largest private oil and gas exploration and production company, has achieved a significant…
India’s fuel sales drop 9.4% in April on COVID wave
May 12, 2021
India’s fuel sales drop 9.4% in April on COVID wave
India's fuel demand slumped 9.4% in April when compared to the preceding month as lockdowns clamped in several states to…
FuelBuddy acquires fuel delivery startup MyPetrolPump
May 10, 2021
FuelBuddy acquires fuel delivery startup MyPetrolPump
App-based fuel delivery platform FuelBuddy has acquired Bengaluru-based on-demand fuel delivery startup MyPetrolPump, which will provide it access to new…
Petrol, diesel prices at record highs, breaches Rs 100-mark
May 10, 2021
Petrol, diesel prices at record highs, breaches Rs 100-mark
Petrol and diesel prices on Monday hit record highs across the country after rates were increased for the fifth time…
IGX commences gas trade from new hubs in Maharashtra
April 21, 2021
IGX commences gas trade from new hubs in Maharashtra
The Indian Gas Exchange (IGX) has commenced gas trade from two new hubs at Dabhol and Jaigarh in Maharashtra.
Air Products Kochi Gas Complex supplies syngas to BPCL
April 20, 2021
Air Products Kochi Gas Complex supplies syngas to BPCL
Air Products said its Kochi Industrial Gas Complex has started supplying syngas to the Propylene Derivatives Petrochemical Project (PDPP) at…
Asian spot LNG prices rise as China replenishes its inventory
April 17, 2021
Asian spot LNG prices rise as China replenishes its inventory
Asian spot prices for liquefied natural gas (LNG) rose this week as China, Japan and South Korea sought supply in…
Jet fuel price cut by 1% due to softening crude oil
April 17, 2021
Jet fuel price cut by 1% due to softening crude oil
Jet fuel price on Friday was cut by 1 per cent, the second reduction in rates this month following softening…
OIL’s acquisition of NRL will ensure India’s energy security
April 14, 2021
OIL’s acquisition of NRL will ensure India’s energy security
Oil India Limited (OIL) on Tuesday said its acquisition of shares of Numaligarh Refinery Ltd (NRL) in Assam will be…
Inoxcva ties up with Mitsui to expand LNG distribution
April 14, 2021
Inoxcva ties up with Mitsui to expand LNG distribution
Inoxcva, which had last month launched the first indigenously developed LNG dispensers, has entered into a tie-up with the Japanese…
OMCs to explore fuel price revision post elections
April 13, 2021
OMCs to explore fuel price revision post elections
Fuel prices in the country remained unchanged on Tuesday with oil marketing companies continuing on the pause mode and keeping…
Cairn offers to forego $ 500M if India pays principal due
April 11, 2021
Cairn offers to forego $ 500M if India pays principal due
Cairn Energy Plc has offered to forego USD 500 million and invest that amount in any oil and gas or…
India’s fuel consumption contracts 9.1% in FY21
April 10, 2021
India’s fuel consumption contracts 9.1% in FY21
India's fuel demand contracted by a massive 9.1% in the financial year ended March 31, the first in more than…
Russian oil producers struggle to contain gas flaring
April 10, 2021
Russian oil producers struggle to contain gas flaring
Russian oil producers reduced gas flaring only slightly last year and failed to reach a targeted level by a large…
12 retail outlets of Indian Oil on jail land in Punjab
April 9, 2021
12 retail outlets of Indian Oil on jail land in Punjab
Chief Minister Amarinder Singh accorded approval to a proposal by the Punjab Prisons Development Board (PPDB) to set up 12…
Indian Oil buys its first Johan Sverdrup crude cargoes
April 6, 2021
Indian Oil buys its first Johan Sverdrup crude cargoes
Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a…
Reliance-BP seek buyer for 5.5 mmscmd gas from KG-D6
April 4, 2021
Reliance-BP seek buyer for 5.5 mmscmd gas from KG-D6
Reliance Industries Ltd and its partner BP Plc of UK have sought bids for sale of 5.5 million standard cubic…
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…