Oil & Gas

ONGC to invest ₹2,150 cr on drilling 53 exploratory wells in AP

ONGC to invest ₹2,150 cr on drilling 53 exploratory wells in AP

Oil and Natural Gas Corporation Ltd proposes to drill 53 exploratory wells in Andhra Pradesh- 50 in Godavari on-Land PML…
Reducing dependency on imported crude oil

Reducing dependency on imported crude oil

Government has adopted a five-pronged strategy comprising increasing domestic production of oil and gas, promoting energy efficiency and conservation measures,…
MEIL to build Mongolia’s first greenfield oil refinery

MEIL to build Mongolia’s first greenfield oil refinery

Megha Engineering & Infrastructures Limited (MEIL) has received the LOA for the Mongol Refinery Project, which entails building Mongolia’s first…
CCEA approves higher ethanol price from different sugarcane based raw materials

CCEA approves higher ethanol price from different sugarcane based raw materials

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved higher ethanol price derived from different…
Invenire Energy’s DSF III fields can produce 110 million barrels of crude oil

Invenire Energy’s DSF III fields can produce 110 million barrels of crude oil

Invenire Energy, India’s first private equity-backed energy focused company, has announced that the three discovered fields, acquired by the company…
Government has navigated global energy challenge very well: Puri

Government has navigated global energy challenge very well: Puri

Government of India has navigated the global energy challenges very well, insulating the developing economy from the rising global crude…
Kejriwal flags off 50 low-floor CNG buses to improve connectivity

Kejriwal flags off 50 low-floor CNG buses to improve connectivity

Delhi Chief Minister Arvind Kejriwal flagged off 50 low-floor CNG-powered cluster buses and said they will improve connectivity to the…
Initiatives taken by government to reduce crude oil import

Initiatives taken by government to reduce crude oil import

Minister of State for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Rajya…
Nepal Oil Corporation gets NRs. 7 billion loan from govt to pay IOC

Nepal Oil Corporation gets NRs. 7 billion loan from govt to pay IOC

The Nepali government on Monday decided to provide a loan of NRs 7 billion to the country’s state-run oil company…
Petrol price to go down: Pakistan FM

Petrol price to go down: Pakistan FM

Pakistan Finance Minister Miftah Ismail has said that petrol prices will be slashed today (on Thursday), local media reported. Talking…
Excise duty cut, delayed monsoon raised India’s fuel demand in June

Excise duty cut, delayed monsoon raised India’s fuel demand in June

The reduction in excise duty on petrol and diesel by the Central government coupled with the delayed arrival of the…
Ethanol blending in fuel crucial for energy security: Minister

Ethanol blending in fuel crucial for energy security: Minister

Union Minister Rameswar Teli has said augmenting ethanol blending in fuel was critical for the energy security of the country…
CNG, PNG prices hiked in Mumbai

CNG, PNG prices hiked in Mumbai

State-run utility Mahanagar Gas on Tuesday announced yet another increase in the retail price of compressed natural gas (CNG) and…
Gas prices can’t be looked at in isolation: Puri on LPG price hike

Gas prices can’t be looked at in isolation: Puri on LPG price hike

A day after cooking gas LPG prices were hiked by ₹50 per cylinder, Oil Minister Hardeep Singh Puri on Thursday…
Proposal for fuel consumption standards for all vehicles from April next year

Proposal for fuel consumption standards for all vehicles from April next year

With an aim to reduce pollution and introduce more fuel-efficient vehicles, the government has proposed to make it mandatory for…
LPG price hiked by ₹50/cylinder, to cost ₹1,053 per 14.2kg cylinder

LPG price hiked by ₹50/cylinder, to cost ₹1,053 per 14.2kg cylinder

The price of domestic liquid petroleum gas cylinders on Wednesday was hiked by ₹50 per cylinder, the third increase in…
Sri Lanka to get two fuel consignments in July: Lanka IOC

Sri Lanka to get two fuel consignments in July: Lanka IOC

Sri Lanka will receive two fuel consignments this month and another in August, the Chairman of Lanka IOC, the subsidiary…
Windfall tax to recoup most of ₹1 lakh cr revenue lost in excise cuts

Windfall tax to recoup most of ₹1 lakh cr revenue lost in excise cuts

The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of…
Govt gives ONGC, Vedanta freedom to sell crude oil

Govt gives ONGC, Vedanta freedom to sell crude oil

The government on Wednesday allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery…
Indian Oil delivering cooking gas via boats in flood-hit Assam

Indian Oil delivering cooking gas via boats in flood-hit Assam

Indian Oil is using boats to deliver cooking gas cylinders to households in flood-ravaged southern Assam, especially in Silchar, the…
Mukesh Ambani hands over telecom business to son Akash

Mukesh Ambani hands over telecom business to son Akash

In the first clear signs of a succession plan being charted out at India’s most valuable company, billionaire Mukesh Ambani…
Pakistan’s fuel oil imports hit 4-yr high as it struggles to buy LNG

Pakistan’s fuel oil imports hit 4-yr high as it struggles to buy LNG

Pakistan’s monthly fuel oil imports are set to hit a four-year high in June, Refinitiv data showed, as the country…
Pakistan faces escalation of power crisis as LNG tenders scrapped

Pakistan faces escalation of power crisis as LNG tenders scrapped

Pakistan is again facing an escalation of power crisis after it failed to agree on a deal for natural gas…
GEECL to start shale gas prospecting

GEECL to start shale gas prospecting

Great Eastern Energy Corporation Ltd on Thursday said it has signed an amendment to a petroleum mining lease that will…
India’s Russian oil imports jump 50 times; now accounts for 10% of all import

India’s Russian oil imports jump 50 times; now accounts for 10% of all import

India’s crude oil imports from Russia have jumped over 50 times since April and now make up for 10% of…
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