Members of the Opposition walked out of the Assembly on Monday in protest against the alleged government failure in implementing a Cabinet decision to cut the tax on aviation turbine fuel (ATF) from 29% to 5% for all airports in the State and fixing it at 1% for the Kannur airport at the cost of […]
Category: Oil & Gas
China’s state energy giants to focus on adding natural gas reserves to boost local supplies
China’s state energy giants are set to raise spending on domestic drilling this year to the highest levels since 2016, focusing on adding natural gas reserves in a concerted drive to boost local supplies.
Seventh CNG station in city commences operations
The city’s seventh Compressed Natural Gas filling station was inaugurated at Sarjapur Road, Agara, Outer Ring Road, on Friday.
Green tribunal slaps ₹1 crore fine on BPCL
The National Green Tribunal (NGT) on Tuesday rapped Bharat Petroleum Corporation Ltd and two other public sector oil companies for not complying with orders pertaining to the installation of anti-pollution vapour recovery systems at fuel stations.
U.S. hits Venezuela state-owned oil company with sanctions
The Trump administration on Monday imposed sanctions on the state-owned oil company of Venezuela, a potentially critical economic move aimed at increasing pressure on President Nicolas Maduro to cede power to the opposition.
Outlook ‘stable’ for oil and gas in FY20: Ind-ra
Fitch Group company India Ratings and Research (Ind-Ra) has a maintained a ‘stable’ outlook for the oil and gas sector for FY20, driven by continued strong domestic petroleum product demand, healthy gross refining margins, petrochemical expansion by refiners and rise in the usage of natural gas.