Category: Oil & Gas

Considering the huge amount spent on importing the bulk of the nation’s crude oil demand, citizens should contribute to the welfare of the nation by ensuring their bit for conservation of fuel. The State’s Agriculture and Horticulture minister Subodh Uniyal said this while inaugurating the Saksham Mahotsav at CSIR-Indian Institute of Petroleum here on Thursday. […]

Local resistance and bureaucratic indolence are stalling ambitious Urja Ganga project in Odisha. With the GAIL India covering nearly 800 km in Odisha for laying gas pipeline, the State owned PSU has approached the Odisha Government to help out as it is facing hurdles in implementing the massive project. Resistance from the local people in […]

State-owned Indian Oil Corp (IOC) has developed a special class diesel conforming to NATO grade for use in ships and vessels of Indian Navy. Vice Admiral G S Pabby launched the Upgraded High Flash High-Speed Diesel (HFHSD- IN 512) in presence of IOC Director (R&D) SSV Ramakumar and IOC Director (Refineries) S M Vaidya, a […]

Early in 2016, the National Green Tribunal (NGT) had directed the Ministry of Environment and Forests the Central and State Governments to initiate a programmes to provide alternative modes of cremation, saying the traditional method of wooden pyres emitted hazardous pollutants into the environment. Three years ago, the Odisha State Pollution Control Board had revealed […]

Petrol prices on Monday were hiked by 15 paisa a litre and diesel rates were increased by 17 paisa as global oil prices hit USD 70 mark in the wake of escalating US-Iran tensions fanning fresh fears of conflict in the crude-rich Middle East. The retail pump prices of petrol in Delhi rose to Rs […]

Asserting that he wants to create a Rs 50,000-crore ethanol economy, Union Minister for Road TransportNitin Gadkari said the bio-fuel will benefit both “ecology and economy”. Addressing an event here, Gadkari said a lot of years went into convincing about ethanol use but in the last five years, the policy related to ethanol has been […]

Lubricants maker Gulf Oil has extended its pact with auto major Bajaj Auto for supply of its engine oil by another three years, the company said on Monday. At present, Gulf Oil supplies engine oil to Bajaj Auto in markets across 20 countries, including India, it said in a release. The company has been able […]

Belarus has reached an agreement with Russia for limited oil supplies after Moscow earlier this week stopped supplying crude amid stalled talks on strengthening economic ties between the neighbouring countries. Belarusian state-run oil company Belneftekhim, said Saturday it was in the process of finalizing an agreement with a Russian oil company for a batch of […]

Petrol and diesel prices rose for the fourth straight day on Sunday as global oil prices jumped after the US killed a top Iranian general, fanning fresh fears of conflict in the crude-rich Middle East. Retail pump price of petrol was hiked by 9 paise per litre and that of diesel by 11 paise, according […]

The petrol and diesel prices continued to surge on Saturday as the price of petrol rose by 10-11 paise and that of diesel by 15-16 paise across all major cities. According to the Indian Oil website, the petrol costs Rs 75.45 a litre in Delhi, Rs 81.04 per litre in Mumbai, Rs 78.04 a litre […]

Employee associations of state-run oil companies on Saturday opposed planned strategic sale of Bharat Petroleum Corporation (BPCL), stating that it may bring revenue for the government but its long-term impact will be adverse. The government plans to sell its majority stake in the oil marketeer which can help it raise over Rs 70,000 crore. A […]

Oil prices soared more than four per cent on Friday following news that the US had killed head of Iran’s Quds Force Qasem Soleimani, fanning fresh fears of a conflict in the crude-rich region. Brent surged 4.4 per cent to USD 69.16 and WTI jumped 4.3 per cent to USD 63.84 as investors grow increasingly […]