Category: Oil & Gas

Adani Enterprises on Thursday said that Adani Welspun Exploration has completed appraisal cum development of well in the B-9 contract area of Tapti-Daman Sector of Mumbai Off shore. ”This block was won by Adani Welspun under the Discovered Small Field round DSF-1. It may be noted that B-9 field was discovered earlier by ONGC and […]

Oil extended gains above $70 a barrel after an industry report pointed to another draw in U.S. crude stockpiles, reinforcing optimism around the demand recovery. Futures in New York rose 0.4% after settling above the threshold on Tuesday for the first time since October 2018. The American Petroleum Institute reported crude inventories declined by 2.11 […]

The Indian National Congress has decided to stage a nationwide symbolic protest on 11 June against the rising fuel prices that have crossed the ₹100-mark at several places, including Mumbai. Party workers will assemble in front of petrol pumps across the country to stage a demonstration. Congress leader Rahul Gandhi had earlier hit out at […]

A pipeline company CEO on Tuesday defended his decisions to abruptly halt fuel distribution for much of the East Coast and pay millions to a criminal gang in Russia as he faced down one of the most disruptive ransomware attacks in U.S. history. Colonial Pipeline CEO Joseph Blount said he had no choice, telling senators […]

New York: The head of Colonial Pipeline told U.S. senators on Tuesday that hackers who launched last month’s cyber attack against the company and disrupted fuel supplies to the U.S. Southeast were able to get into the system by stealing a single password. Colonial Pipeline Chief Executive Joseph Blount told a U.S. Senate committee that […]

Petrol and diesel prices were kept unchanged at record highs on Tuesday after two consecutive days of the hike, reported India’s largest fuel retailer Indian Oil showed. Petrol price was at an all-time high of ₹ 95.31 per litre in Delhi on Tuesday. In Mumbai, the price of petrol was held unchanged at an all-time […]

MUMBAI : Asia’s carbon cutting will be critical to the effort to reduce global warming as the region releases more carbon dioxide than the rest of the world combined, S&P Global Ratings said on Monday. The region does have one big policy advantage: Its governments typically control at least one national oil company (NOC). S&P […]

Petrol and diesel prices in India were hiked for the second consecutive day on June 7 by 27-28 paise per litre, according to oil marketing companies (OMCs). Petrol price in Delhi crossed ₹95-per-litre mark on Monday. In Delhi, petrol is priced at ₹95.37 a litre, while diesel costs ₹86.28. The price of petrol in Mumbai […]

NEW YORK : Oil prices pulled back on Monday after touching two-year highs on expectations of improved demand and OPEC producers keeping supply curbs in place. Prices retreated from session highs early, and analysts cited pressure from Chinese data showed crude oil imports fell to a year’s low in May. “That took away some of […]

Asked about the recent continuous hikes in prices of petrol and diesel, Union Petroleum and Natural Gas Minister Dharmendra Pradhan blamed the recent surge in global crude oil prices for the fuel price hike in India. Noting that petrol and diesel have become costlier in recent times, Pradhan said it is up to the GST […]

The US has recovered the majority of the $4.4 million in cryptocurrency ransom paid to the perpetrators of the cyber attack on Colonial Pipeline Co. last month that temporarily halted fuel supplies across the US east coast, Deputy Attorney General Lisa Monaco said. “Ransomware attacks are always unacceptable but when they target critical infrastructure we […]

NEW DELHI : The NITI Aayog on Monday released the annual plan for the gradual rollout of E20 ethanol in the country which will result into saving ₹30,000 crore of foreign exchange per year among other benefits. Prime Minister Narendra Modi on June 5, 2021 released the report of the expert committee on ‘Roadmap for […]