Oil & Gas

“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.
MoPNG pulled up for its reply on Reliance Gas guarantee

MoPNG pulled up for its reply on Reliance Gas guarantee

The Parliament's Public Accounts Committee (PAC) has pulled up the Oil Ministry for vague replies on encashing bank guarantees of…
ONGC’s oil & gas production share jumps to 70%

ONGC’s oil & gas production share jumps to 70%

ONGC which is often perceived as a drag on the crude oil and natural gas produced in the country, has…
LPG consumption up 7.3% despite price rise

LPG consumption up 7.3% despite price rise

Cooking gas LPG consumption rose 7.3% in the last three months despite a steep price rise, with usage among the…
India witnesses a near universal LPG coverage

India witnesses a near universal LPG coverage

LPG has emerged as the preferred kitchen partner for almost every Indian. This is evident from the fact that the…
GAIL acquires 5% stake in Indian Gas Exchange

GAIL acquires 5% stake in Indian Gas Exchange

GAIL (India) Limited has signed a Share Purchase and Shareholders Agreement (SPSHA) with IGX and Indian Energy Exchange Limited (IEX),…
ONGC acquires 5% stake in Indian Gas Exchange

ONGC acquires 5% stake in Indian Gas Exchange

Oil and Natural Gas Corporation Limited (ONGC) has signed a Share Purchase and Shareholders Agreement (SPSHA) with the Indian Gas…
Indonesia LPG imports to fall sharply by 2025

Indonesia LPG imports to fall sharply by 2025

Indonesia's imports of liquefied petroleum gas (LPG) are expected to decline by six times in 2025 from current numbers, as…
LPG price, petroleum taxes rise since BJP came to power

LPG price, petroleum taxes rise since BJP came to power

Price of domestic cooking gas, LPG has doubled to Rs 819 per cylinder in the last seven years while the…
Over 72 lakh domestic PNG connections in India

Over 72 lakh domestic PNG connections in India

As per data provided by PNGRB, as on 31.12.2020, the total number of domestic PNG connection in India was approximately…
Government promoting Ethanol Blending of Petrol

Government promoting Ethanol Blending of Petrol

Government has been promoting use of ethanol as a blend stock with main automotive fuel like petrol in line with…
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