Category: Oil & Gas

Russian energy major Gazprom is set to initiate feasibility study in the first quarter of 2020 for laying an undersea pipeline, beginning from the Persian Gulf and extending to Pakistan, India and Bangladesh, and ultimately ending in China, after touching Myanmar and Thailand. The pipeline will pass through the shallow waters of Pakistan, India and […]

Petrol prices in the country increased for the second consecutive day on Saturday whereas diesel prices remained unchanged. The crude oil prices in the international market edged lower by $3 a barrel in the last week. Petrol has become costlier by five paise per litre in Delhi, Kolkata and Mumbai and by six paise in […]

With no end to uncertainty and speculations, panic struck people on Saturday thronged markets across Kashmir where ATMs and petrol pumps have started running dry due to unprecedented rush. Most of the petrol pumps shut the operations as massive rush of motorists jostling to get petrol and diesel filled. The level of panic is to […]

Jammu and Kashmir Police has recovered 600 litres of black-marketed diesel from a shop in Balnoi village area of Mendhar in Poonch district of Jammu and Kashmir. Reports said that police officials raided a shop at Nar Balnoi and recovered 600 litres of diesel kept in plastic containers. The shopkeeper identified as Mohammad Nassar, who […]

The beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) in India consume on an average 2.3 LPG cylinders of 14.2 kg annually which is about half of what a rural consumer consumes on an average, new research has found. The research, published in the journal Nature Energy, suggests that while the PMUY has increased adoption […]

Centre has no plans to ban petrol and diesel vehicles in the near future but will continue to push for greater use of electric vehicles with a view to cut oil imports and save the environment, Oil Minister Dharmendra Pradhan said Tuesday. Conventional energy sources of coal and oil constitute more than 80 per cent […]

Three Iranian ships attempted to “impede the passage” of a British oil tanker in Gulf waters, forcing a UK frigate to intervene, the British government said Thursday. “Contrary to international law, three Iranian vessels attempted to impede the passage of a commercial vessel, British Heritage, through the Strait of Hormuz,” a British government statement said […]

The Modi 2.0 government’s maiden Budget Friday hiked petrol and diesel prices, raised import duty on dozens of items and increased tax on the super-rich as it sought to spur growth through higher spending and sops for start-ups, housing and corporates. Presenting the Budget for 2019-20, Finance Minister Nirmala Sitharaman announced further opening up of […]

Two more injured in the Uri LPG cylinder blast succumbed at SKIMS hospital in Srinagar on Monday, taking the toll in the incident to four. On Sunday, mother and daughter who had suffered burns in the incident had died at the hospital. Confirming two more deaths an official said the deceased were sisters. “All the […]

The US has ruled out giving any exemption from its punitive sanctions to countries, including India, for buying oil from Iran, saying America’s maximum pressure campaign was working and the Trump administration remains “unwavering” in its tough policy on Tehran. US President Trump last month refused to give waivers to countries like India from buying […]

Saudi Arabia said armed drones struck two of its oil pumping stations on Tuesday, two days after the sabotage of oil tankers near the United Arab Emirates, and the US military said it was braced for “possibly imminent threats to US forces in Iraq” from Iran-backed forces. The attacks took place against a backdrop of […]

Saudi Arabia said Monday two of its oil tankers were sabotaged off the coast of the United Arab Emirates in attacks that caused “significant damage” to the vessels, one of them as it was en route to pick up Saudi oil to take to the US. Khalid al-Falih’s comments came as the US issued a […]