Category: Oil & Gas

The Pune city police have busted a racket involved in illegally refilling commercial liquefied petroleum gas (LPG) cylinders from domestic cylinders in the Vadgaon Budruk area, officials said Thursday. They arrested four people in the case and seized 114 LPG cylinders along with three vehicles. A police team headed by Crime Branch senior inspector Bharat […]

Oil prices climbed in early Asian trade on Friday as sentiment was boosted by an expansion in factory activity in China, the world’s second largest crude consumer, and as concerns grew about Middle Eastern supply. Brent futures, which have risen nearly 6% this week, were up 15 cents, or 0.19%, at $79.42 a barrel at […]

Punjab New and Renewable Energy Sources Minister, Aman Arora, on Friday held a meeting aimed at removing bottlenecks in granting clearances for compressed biogas (CBG) and city gas distribution projects in the state. During Friday’s meeting — which also saw the presence of Punjab Local Bodies minister, Inderbir Singh Nijjar — it was in-principle decided […]

TO MAKE the installation process of the Liquid Off Take (LOT) type LPG cylinders easier, a skid-mounted or a panel enclosure model with plug and play functionality has been introduced by Pune Gas, a Pune-based company. Pune Gas, which provides modern solutions to heat and gas needs, showcased “India’s first high off-take compact LPG System” […]

Crude prices moved in a narrow range in early Asian trade on Tuesday after rallying in the previous session, with oil markets focused on developments in the banking crisis as well as on supply concerns and indications of strengthening demand. Brent crude futures fell 2 cents to $78.10 a barrel at 0018 GMT. West Texas […]

Oil prices climbed in early trade on Monday as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. Brent crude futures gained 33 cents, or 0.4%, to $75.32 a barrel at 0040 GMT. U.S. West Texas Intermediate crude was at […]

The Union Cabinet is likely to soon consider imposing caps or a ceiling on price for majority of natural gas produced in the country to keep input costs for users ranging from CNG to fertilizer companies in check, sources said. The government bi-annually fixes prices of locally produced natural gas — which is converted into […]

The Union government has extended the cooking gas subsidy for households under the Pradhan Mantri Ujjwala Yojana to the end of 2023-24 to “shield” beneficiaries from high LPG prices. As on March 1, there were 9.59 crore Ujjwala beneficiaries in the country. The Rs 200 subsidy will be provided on a maximum of 12 refills […]

In signs of protests against the 9-month-old windfall tax, mining mogul Anil Agarwal’s Vedanta Ltd has withheld about USD 91 million from the share of profit due to government from its oil and gas fields, to make up for the additional tax outgo, according to sources and correspondence on the issue. India first imposed windfall […]

Oil fell in Asian trade on Wednesday morning, paring two straight days of gains after an industry report showed U.S. crude inventories rose unexpectedly last week in a sign fuel demand may be weakening. Brent futures, which have risen more than 3% this week, were down 37 cents, or 0.5%, at $74.95 a barrel at […]

Guesthouses and community kitchen run by the Shree Somnath Trust (SST) on the campus of the famous Somnath Temple in Gir Somnath district started getting piped natural gas (PNG) to meet its cooking fuel demand as IRM Energy Limited, a private city gas distribution (CGD) firm, activated gas connections to these facilities on Monday. At […]

The Gujarat government received four pollution complaints in the past two years against Russia-backed Nayara Energy Limited in Devbhumi Dwarka district, the Assembly was told Monday. “In 2021, one complaint was received against Nayara Energy, while three others were received in 2022. Site visits were conducted and permissions given by Central Pollution Control Board (CPCB) […]