OIL
NRL inks pipeline ‘Right to Use’ agreement with IGGL
Oil & Gas
October 22, 2021
NRL inks pipeline ‘Right to Use’ agreement with IGGL
A pipeline ‘Right to Use (RoU)’ sharing agreement was inked between Numaligarh Refinery Limited (NRL) and Indradhanush Gas Grid Limited…
India has right to 30% stake in Iranian gas field
Oil & Gas
October 18, 2021
India has right to 30% stake in Iranian gas field
An Indian consortium led by ONGC Videsh Ltd contractually has a right to take a 30% interest in the Farzad-B…
Only 3 bidders for 21 oil, gas blocks
Oil & Gas
October 13, 2021
Only 3 bidders for 21 oil, gas blocks
India’s latest bid round for 21 oil and gas blocks attracted just three bidders, two of whom were state-owned explorers…
OIL organizes study visit for students to a Sucker Rod Pump
Oil & Gas
September 21, 2021
OIL organizes study visit for students to a Sucker Rod Pump
Oil India Limited (OIL), India’s second largest National Exploration & Production Company, organised a study visit for school students to…
Vedanta seeks premium over govt rates from Assam block
Oil & Gas
September 11, 2021
Vedanta seeks premium over govt rates from Assam block
Vedanta Ltd is seeking a premium of at least $1 over the government-mandated price for the natural gas it plans…
Oman warns of $200 oil in a dig at IEA’s climate advice
Oil & Gas
September 10, 2021
Oman warns of $200 oil in a dig at IEA’s climate advice
Oil producer Oman warned that crude prices could soar to $200 a barrel as it criticised the International Energy Agency's…
Crude oil futures dip on weak demand
Oil & Gas
August 31, 2021
Crude oil futures dip on weak demand
Crude oil prices on Tuesday fell by Rs 61 to Rs 5,010 per barrel after participants cut their positions. On…
DGH overhauls approval processes for oil, gas fields
Oil & Gas
August 15, 2021
DGH overhauls approval processes for oil, gas fields
A self-certified declaration of a commercial oil or gas discovery is all that is now needed by a company to…
Mizoram stares at fuel shortage amid border row
Oil & Gas
August 8, 2021
Mizoram stares at fuel shortage amid border row
The Mizoram government ordered rationing the purchase of diesel and petrol as the movement of vehicles, including the tankers carrying…
Total 105 exploration blocks awarded under OALP
Oil & Gas
August 4, 2021
Total 105 exploration blocks awarded under OALP
The Minister for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Rajya Sabha…
Gautam Adani floats company to foray into petrochemicals
Oil & Gas
August 1, 2021
Gautam Adani floats company to foray into petrochemicals
Gautam Adani's ports-to-energy conglomerate has floated a new subsidiary that will set up refineries, petrochemical complexes and hydrogen plants businesses
India’s gas production jumps 19.5% in June
Oil & Gas
July 23, 2021
India’s gas production jumps 19.5% in June
India's natural gas production jumped 19.5% in June, as Reliance Industries Ltd and its partner BP Plc ramped up output…
CNG, PNG prices also hiked in NCR after petrol hike
Oil & Gas
July 8, 2021
CNG, PNG prices also hiked in NCR after petrol hike
Fuel prices continue to soar across India and touched a record high in the national capital as petrol price is…
CNPC cuts methane emission intensity by 6% in 2020
Sustainability
June 3, 2021
CNPC cuts methane emission intensity by 6% in 2020
China National Petroleum Corp (CNPC) cut its methane emission intensity by 6 per cent last year from the 2019 level,…
Assam gives Rs 500 crore to OIL to increase stake in NRL
Oil & Gas
May 28, 2021
Assam gives Rs 500 crore to OIL to increase stake in NRL
The Assam government handed over a cheque of Rs 500 crore to Oil India Limited (OIL) as a part of…
Fire broke out at HPCL refinery at Visakhapatnam
Oil & Gas
May 26, 2021
Fire broke out at HPCL refinery at Visakhapatnam
A fire broke out at Hindustan Petroleum Corporation Ltd's oil refinery on Tuesday afternoon but it was doused within hours…
India’s gas output rises 23% as RIL-BP fields start production
Oil & Gas
May 21, 2021
India’s gas output rises 23% as RIL-BP fields start production
India's natural gas production jumped 22.7% in April after Reliance Industries Ltd and its partner BP Plc ramped up output…
Captain of barge P-305 chose not to move vessel: Survivor
Oil & Gas
May 21, 2021
Captain of barge P-305 chose not to move vessel: Survivor
A person, rescued from one of the three barges that adrifted after being smashed by the severe cyclone, said that…
Sinopec builds China’s first carbon-neutral gas station
Renewable Energy
May 20, 2021
Sinopec builds China’s first carbon-neutral gas station
Jiaze Gas Station located in Changzhou, Jiangsu Province is now China's first gas station to achieve carbon neutrality as its…
ONGC Videsh loses its discovered Farzad-B gas field in Iran
Oil & Gas
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…
Cairn Oil starts production from tight oil project in Rajasthan
Oil & Gas
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…
OIL’s acquisition of NRL will ensure India’s energy security
Oil & Gas
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…
Indian Oil buys its first Johan Sverdrup crude cargoes
Oil & Gas
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…
Jet fuel price cut by 3% amid softer global crude rates
Oil & Gas
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…
“She’s free”: Traffic in Suez Canal resumes
Oil & Gas
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…