Category: Oil & Gas

External Affairs Minister Sushma Swaraj spoke with U.S. Secretary of State Mike Pompeo during the weekend and asked for a waiver for continued import of Iranian crude after the May 2 deadline imposed by the U.S. administration, a source has confirmed. “Both sides discussed issues relevant to bilateral ties including the waiver for energy from […]

Poland’s gas firm PGNiG would be interested in gas from Israel, its Chief Executive Piotr Wozniak said on Thursday, as the company seeks to diversify from Russian gas. More than half of the gas sold by state-run PGNiG comes from Russia’s Gazprom based on a long-term deal which expires in 2022. PGNiG has taken steps […]

Mining firm Vedanta Ltd. has received environment clearance for the expansion of its oil and gas operation in Rajasthan that would entail an investment of Rs. 12,000 crore, said an official circular. The proposal is to expand onshore oil and gas production from 3,00,000 BOPD (barrels oil per day) to 4,00,000 BOPD and 165 mmscfd […]

A city-based startup now under incubation at the NASSCOM Warehouse located at Innovation Valley will get a funding of Rs. 2 crore by public sector Gas Authority of India Ltd. Geo Climate Risk Solutions Pvt. Ltd., recognised by Startup India, works towards finding sustainability solutions for environment, industries, location intelligence, artificial intelligence and machine learning, […]

State-run GAIL (India) Ltd. has emerged as the highest bidder for seven wind power projects of the debt-ridden Infrastructure Leasing and Financial Services (IL&FS), after it made an offer of Rs. 4,800 crore. The process to sell the assets was initiated on November 29. After due-diligence, including visits across 12 sites spread across seven States, […]

The officials of Legal Metrology Department on Monday conducted surprise inspections on various private petrol and diesel pumps and found short delivery of fuel at some filling stations. The Legal Metrology officials were formed into teams and verified the accuracy of delivery of petrol and diesel, particularly at the fuel filling stations belonging to the […]

Liquefied Natural Gas (LNG) imports fell 9.1% during February 2019, despite global prices falling, which bucks the established trend in India where LNG imports rise when prices fall, according to a report by India Ratings and Research (Ind-Ra). This change in import behaviour could be explained by the dual trends of increased production and decreased […]

Indian Oil Corporation (IOC) along with its partner Bharat PetroResources Ltd. (BPRL) have won an oil block in Abu Dhabi, where the two will invest $170 million. IOC-BPRL won the block in Abu Dhabi’s first-ever competitive bid round. “IOC and BPRL, a subsidiary of Bharat Petroleum Corporation Ltd. (BPCL), acting jointly as a consortium through […]

Sri Lankan Prime Minister Ranil Wickremesinghe on Sunday laid the foundation stone for a nearly $4-billion oil refinery in the southern, strategically located port town of Hambantota. The project will come up at the investment zone next to a port that Sri Lanka has leased out to a Chinese state-run firm for 99 years. The […]

Panic gripped the residents of Parappana Agrahara after an accidental fire broke out following a leak in a GAIL (Gas Authority of India Ltd.) pipeline on Sunday. The incident occurred at about 7 p.m. at AECS Layout. There were no casualties or injuries, as the fire broke out in an open area in the locality. […]

Oil and Natural Gas Corporation (ONGC) emerged victorious in the all-India public sector volleyball tournament, hosted by BHEL, Tiruchi, recently. Life Insurance Corporation of India, Coal India, ONGC, Neyveli Lignite Corporation, Oil India Limited, Employees’ State Insurance Corporation (ESIC) and BHEL took part in the three-day tournament. ONGC defeated ESIC 25-23, 25-17, 25-22 in the […]

Assam is slated to soon become one of India’s major oil exporting hubs catering to the eastern neighbours of the country and Southeast Asia, Petroleum Minister Dharmendra Pradhan said on Friday. The Minister based his prediction on a slew of projects for augmenting oil exploration, refining and transportation capacity in various stages of completion in […]