Congress voted overwhelmingly Thursday to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the US response to Russia’s invasion of Ukraine amid reports of atrocities. House action came after the Senate approved the two bills with 100-0 votes. The measures now go to President Joe Biden to be […]
Category: Oil & Gas
The political economy of petrol-diesel price hike
Petrol and diesel prices have gone up by Rs 9.17 and 11.14 per litre respectively between June 6 and July 3 in Delhi. An HT analysis published on June 24 showed that the gap between retail prices in Delhi and international crude price reached an all-time high in March 2020; this still continues to be […]
Congress targets Centre over hike in rail fare, LPG price
Targeting the Centre over the hike in rail fares and cooking gas cylinder price, the Congress on Wednesday said it would put more burden on the common man and called the decision “an injustice to the poor people.” All India Mahila Congress (AIMC) president Sushmita Dev said the hike came at a time when the […]
Reliance-BP combine bids for oil block; Vedanta picks 30
Reliance Industries and its British partner BP Plc have made their first bid for an oil and gas exploration acreage in over eight years by bidding for one of the 32 blocks up for auction in the latest licensing round that saw mining major Vedanta putting in as many as 30 bids while state-owned ONGC […]
GAIL Gas invites dealerships to set up CNG stations in city
GAIL Gas Limited, a subsidiary of GAIL (India) Ltd., which has won authorisation for the City Gas Distribution project for Dakshina Kannada, on Wednesday invited CNG dealership across the city on 15 road stretches. Motivating land owners and individuals to collaborate in developing Green Mangaluru by setting up Compressed Natural Gas (CNG) stations on Dealer […]
GAIL Gas invites dealerships in city
GAIL Gas Limited, a subsidiary of GAIL (India) Ltd., which has won authorisation for the City Gas Distribution project for Dakshina Kannada, on Wednesday invited CNG dealership across the city on 15 road stretches.
U.S. curbs: India to decide on Iran crude imports after polls
India will take a call on the purchase of Iranian energy after the general elections, External Affairs Minister Sushma Swaraj told her Iranian counterpart Javad Zarif here on Tuesday. The discussions come in the backdrop of escalating tensions in the Gulf after the U.S. waivers for supply of Iranian energy ended on May 2, prompting […]
Fuel thefts in transit continue
Petroleum dealers have urged oil companies to take responsibility for fuel sent out from terminals, after a video of fuel being apparently stolen from a fuel truck on the roadside in Tondiarpet went viral on social media. The incident is said to have taken place on Saturday. The video shows a couple of men filling […]
Fuel thefts continue in transit
Petroleum dealers have urged oil companies to take responsibility for fuel sent out from terminals, after a video of fuel being apparently stolen from a fuel truck on the roadside in Tondiarpet went viral on social media. The incident is said to have taken place on Saturday. The video shows a couple of men filling […]
Will Chennai’s wait for cheaper piped natural gas end?
It has been almost a year since a road show for piped natural gas (PNG) distribution network for Chennai, Tiruvallur and Kancheepuram districts was organised. However, the project is yet to take off in these geographical areas (GAs) as a case has been filed against successful bidders in these areas. According to data provided by […]
Reticulated gas systems a forerunner to PNG
Reticulated gas systems are the closest to piped supply that many residents have seen in the city over the past few years. Piped supply of liquefied petroleum gas (LPG) from cylinders kept in gas banks has become commonplace in many apartment complexes in the city. D. Krishnamurthy, president, Orchards Appasamy Apartments Owners Association, said that […]
Robust plan in place to import oil: MEA
India has a “robust plan” to import oil from other countries, the Ministry of External Affairs said, even as the deadline for the U.S. sanction waiver for oil imports from Iran expired on Thursday without an extension from the U.S. Last year, the U.S. re-imposed sanctions on Iran, prohibiting countries from importing oil from it, […]