Category: Oil & Gas

Pakistan is on the verge of hitting a kind of jackpot in the form of discovering a huge reserve of oil and gas in the Arabian Sea, Prime Minister Imran Khan has said, hoping that the discovery will solve the economic problems of the cash-strapped country. The offshore drilling for oil was in final stages […]

Industries claiming to be run on agro-based fuel, to bring down pollution in the NCR, could be hoodwinking pollution controlling authorities by taking advantage of a loophole in a 2018 notification of the Union government, apprehends the Environment Pollution (Prevention & Control) Authority (EPCA). “A section of industries could be running on agro-based fuel only […]

The Union cabinet on Tuesday cleared a proposal to allow state-run Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) to induct private sector partners for production enhancement in their oil and gas blocks. “For production enhancement, bringing new technology, and capital, …[they] will be allowed to induct private sector partners,” a statement […]

India is feasting on Venezuelan oil, after the U.S. imposed a de facto ban on crude imports from the Latin American nation. While flows to the U.S. came to a halt, India became the No. 1 buyer of Venezuelan crude in the first half of February, with imports jumping 66 percent to 620,000 barrels a […]

Oil held its biggest loss in a month as renewed concern over slowing global growth largely outweighed US sanctions against Venezuela’s state oil company.

Close on the heels of the launch of a new shipping route connecting three Indian ports with Chabahar, Iran is eyeing the construction of a gas pipeline and a railway link to Zahedan to boost activities at the strategic port, Iranian officials said on Monday.