Category: Oil & Gas

A Paris court is set to rule Tuesday on a case in which French and Ugandan environmentalist groups accuse energy company TotalEnergies of failing to prevent human rights violations and risks to the environment in connection with major oil projects in east Africa. In a 2018 lawsuit, six French and Ugandan activist groups said the […]

The Essar group on Monday announced a $3.6 billion investment in low carbon energy transition projects in the UK and India including the production of green hydrogen and ammonia over the next five years, as it looks at a new phase of growth. Essar Group, invested in energy, metals and mining, infrastructure and technology sectors, […]

Russia has halted supplies of oil to Poland via the Druzhba pipeline, Daniel Obajtek, chief executive officer of Polish refiner PKN Orlen, said on Saturday. “We’re effectively securing supplies. Russia has halted supplies to Poland, for which we are prepared. Only 10 per cent of crude oil has been coming from Russia and we will […]

Mumbai’s civic transport body Brihanmumbai Electric Supply and Transport (BEST) on Wednesday said it was taking 400 leased buses off roads after a third incident of a leased CNG bus catching fire occurred within one month. The latest incident of a leased CNG bus catching fire took place in Andheri East around 6.55 pm. No […]

Metro construction work is stalling in at least three sites in Bengaluru on the Outer Ring Road-airport line due to delays in shifting the gas pipeline. Despite the Bangalore Metro Rail Corporation Limited (BMRCL) diligently following up the issue for two years, the relocation work has been slow. In fact, GAIL has just completed work […]

Oil prices were little changed in early Asian trade on Monday, after settling down $2 a barrel on Friday, as rising supplies in the United States and forecasts of more interest rate hikes cooled optimism over China’s demand recovery. Brent crude slid 9 cents, or 0.1 per cent, to $82.91 a barrel by 0051 GMT. […]

Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially adding supply and Russian flows recovering by mid-2023, JP Morgan analysts said in a note on Friday. OPEC+, an alliance that includes members of the Organization of Petroleum Exporting Countries (OPEC) and others […]

Europe’s natural gas price on Friday sank under 50 euros for the first time in nearly a year and a half, as a mild winter curbs heating demand. The price of benchmark Dutch TTF gas is now almost seven times lower than the record high struck after key gas producer Russia launced its invasion of […]

India’s biggest gas firm GAIL is looking to buy up to 26 per cent stake in a LNG project in the United States in an attempt to shore up supply sources to meet rising demand. GAIL (India) Ltd, had run into supply disruptions last year after Russia-owned Gazprom Marketing and Trading (GMTS) failed to deliver […]

India’s fuel demand witnessed the sharpest rebound in February as petrol and diesel consumption rose by double digits after a winter lull in the previous month, preliminary industry data showed on Thursday. Petrol sales jumped almost 18 per cent to 1.22 million tonnes in the first half of February, as compared to 1.04 million tonnes […]

Indian Oil Corporation (IOC) on Thursday took to Twitter to clarify on its initial pact for hiring Adani Group’s port at Gangavaram in Andhra Pradesh for LPG imports in addition to existing pacts with nearby ports, saying there is no take-or-pay agreement. The statement, which came in response to TMC’s Mahua Moitra raising a stink […]

Pakistan has hiked the price of petrol by 22.20 rupees a litre to 272 rupees effective on Thursday because of the plummeting value of the country’s currency, the finance ministry said in a statement. The Pakistani rupee has fallen sharply against the dollar since an artificial cap on the local currency was removed last month […]