Category: Oil & Gas

Amos Hochstein, President Joe Biden’s point man for global energy problems, says he knows that transitioning away from the climate-wrecking pollution of fossil fuels is the only way to go. He advocates urgently for renewable energy, for energy-smart thermostats and heat pumps. But when it comes to tackling the pressing energy challenges presented by Russia’s […]

European Union countries agreed Monday that all natural gas storage in the 27-nation bloc should be topped up to at least 80% capacity for next winter as they prepare for the possibility of Russia further reducing deliveries. The EU is trying to slash its use of Russian energy amid the Kremlin’s war in Ukraine and […]

After over five months, Oil and Natural Gas Corporation (ONGC) has finally got a Director appointed on the Board of Hindustan Petroleum Corporation Ltd — a firm it had acquired for Rs 36,915 crore. The Ministry of Petroleum and Natural Gas on June 22, conveyed its consent for the appointment of Pankaj Kumar, Director (Offshore), […]

The government has for a second time in as many years re-advertised the post of chairman of oil and gas regulator PNGRB, which has been lying vacant since December 2020. The oil ministry this week issued an advertisement inviting applications for the post of chairman of the Petroleum and Natural Gas Regulatory Board (PNGRB). It […]

The Centre can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices and additional spending on subsidies, a German brokerage said on Thursday. Meeting the budgeted target will be possible if there is no further cut on excise duties, Deutsche Bank’s […]

India is procuring crude oil from Russia to ensure its national energy security and this position is well understood by many countries, Foreign Secretary Vinay Mohan Kwatra said here on Friday. His assertion came days ahead of Prime Minister Narendra Modi travelling to Germany to take part in the G-7 summit on June 26-27. The […]

Against the backdrop of air pollution which hits worst catogory AQI mark during winter in the national Capital, the Delhi Government is set to bring a notification to ban the entry of diesel goods vehicles in the city from the neighbouring States. According to the officials, the large, medium and small goods vehicle entry will […]

A drone strike caused a fire at a refinery in southwestern Russia near the border with Ukraine on Wednesday, but no one was hurt and the blaze was contained quickly, officials said. The fire engulfed industrial equipment at the Novoshakhtinsk oil processing plant in the Rostov-on-Don region. The authorities said that dozens of firefighters extinguished […]

Europe needs to prepare “immediately” for Russia to turn off all gas exports to the region this winter, according to the head of the International Energy Agency, who has called on governments to work on reducing demand and keeping nuclear power plants open. Fatih Birol said that the reductions in supplies in recent weeks the […]

State-owned Oil and Natural Gas Corporation (ONGC) is seeking a minimum USD 17 price for the gas it plans to produce from coal seams in its Bokaro CBM block in Jharkhand. ONGC invited bids for the sale of 0.20 million standard cubic metres per day of gas it plans to produce from the Bokaro CBM […]

Crude oil prices on Monday rose by Rs 94 to Rs 8,467 per barrel as participants widened positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for July delivery traded higher by Rs 94 or 1.12 per cent at Rs 8,467 per barrel in 3,978 lots. Analysts said the raising of […]

Chhattisgarh Chief Minister Bhupesh Baghel in a letter to Union Petroleum and Natural Gas Minister Hardeep Singh Puri urged him to ensure adequate and regular supply of petrol and diesel across the state. Through the letter, Baghel pointed out that farmers and common people of state are facing difficulty as there has been a shortage […]