Indian Biogas Association (IBA) has partnered with Hydrogen Association of India (HAI) to promote bio-based energy solutions with a special emphasis on green and blue hydrogen. Talking to PTI, IBA Chairman Gaurav Kedia said, “IBA and HAI have signed a memorandum of understanding (MoU) aimed at promoting the production of green energy within the nation”. […]
Category: Oil & Gas
Oil slick in Red Sea from Houthis’-hit cargo shipOil slick in Red Sea from Houthis’-hit cargo ship
An attack by Yemeni Houthi rebels on a Belize-flagged ship earlier this month caused an 18-mile (29-kilometer) oil slick, the US military said on Saturday. It also warned of the danger of a spill from the vessel’s cargo of fertilizer. The Rubymar, a British-registered, Lebanese-operated cargo vessel, was attacked on February 18 while sailing through […]
IOC, GAIL, ONGC fined for third straight quarter
State-owned oil and gas giants including IndianOil, ONGC and GAIL (India) have been slapped fines for the third straight quarter for failing to meet listing norm requirements of having the requisite number of directors on their board. Stock exchanges have fined oil refining and fuel marketing giant Indian Oil Corporation (IOC), explorers Oil and Natural […]
IOC, GAIL, ONGC fined for third straight quarter for failure to appoint directors
State-owned oil and gas giants including IndianOil, ONGC and GAIL (India) have been slapped fines for the third straight quarter for failing to meet listing norm requirements of having the requisite number of directors on their board. Stock exchanges have fined oil refining and fuel marketing giant Indian Oil Corporation (IOC), explorers Oil and Natural […]
Foundation stone for POL & LPG project of HPCL laid in Assam
The foundation stone for a first-of-its-kind combined petroleum, oil, and lubricants (POL) & LPG facilities of Hindustan Petroleum was laid at Kamardanga in Assam’s Chirang district, an official statement said.. Union Minister of State for Petroleum and Natural Gas Rameswar Teli attended the programme.. “This visionary project, with an investment of Rs 540 crore and […]
Increase in ethanol procurement price by OMCs welcomed
In a big relief to the sugar industry in the election year, the Oil Marketing Companies (OMCs) have announced a Rs 6.87 per litre increase in the procurement price for ethanol produced from C Heavy Molasses for the 2023-24 season that started in November. The hike in price will immensely boost the finances of the […]
Government hikes windfall tax on crude oil
The government has hiked the windfall tax on crude oil produced in the country and cut the levy to nil on exports of diesel and ATF. The tax, levied in the form of Special Additional Excise Duty (SAED), on domestically produced crude oil has been raised to Rs 2,300 from Rs 1,300 per tonne, according […]
Petrol pumps witness long queues over drivers’ strike
An ongoing protest by truck and bus drivers in Chhattisgarh against the new law on hit-and-run cases on Tuesday led to long queues in fuel stations as motorists rushed to get their vehicles refuelled. Many prominent schools in Raipur and other parts of the state remained shut on Tuesday, the second day of the protest, […]
Fuel crisis grips Punjab amidst nationwide truck drivers’ strike
As the nationwide truck drivers’ strike continues to grip the country, Punjab also found itself at the epicenter of a burgeoning fuel crisis — triggering panic buying and long queues outside petrol pumps across the State. The strike has left an estimated one lakh trucks, private buses, and tankers off the road, significantly impacting supplies. […]
Truck drivers’ protest: Long queues at petrol pumps in Mumbai, Nagpur amid fuel shortage fear
Petrol pumps in Mumbai and Nagpur witnessed long queues on Tuesday as people came to fill up their vehicle tanks fearing shortage of fuel amid the protest by truck drivers against a provision in the new penal law on hit-and-run accident cases involving motorists. Under the Bharatiya Nyaya Sanhita, which replaces the colonial era Indian […]
ONGC to invest Rs 1 lakh cr to set up 2 petrochemical plants
India’s top oil and gas producer ONGC plans to invest about Rs 1 lakh crore in setting up two petrochemical plants to convert crude oil directly into high-value chemical products as it prepares for energy transition, top company officials said on Wednesday. Crude oil, which companies like ONGC pump out from below seabed and underground […]
ONGC to start oil production from USD 5 bn deep-water project this month
State-controlled Oil and Natural Gas Corporation (ONGC) will kick off oil production from its much-delayed flagship deepsea project in Krishna Godavari basin in Bay of Bengal this month, helping reverse years of decline in output, a senior company official said. “We plan to start producing from the Cluster-2 project in KG-DWN-98/2 block this month and […]