Category: Oil & Gas

Markets regulator Sebi levied a fine of Rs 1 crore on En Aromatic & Petro Chemicals Ltd for indulging in illegal fund raising and failing to comply with the public issue norms. The regulator during its investigation found that the company had issued redeemable cumulative preference shares (RCPs) to over 89,000 investors between 2003-2004, and […]

Drone attacks claimed by Iran-aligned Yemen rebels shut down one of Saudi Arabia’s main oil pipelines Tuesday, further ratcheting up Gulf tensions after the mysterious sabotage of several tankers. Days after the United States deployed bombers and an assault ship to bolster an aircraft carrier in the region, the world’s largest crude exporter said two […]

Reliance Industries and its British partner BP plc have made their first bid for an oil and gas exploration acreage in over eight years by bidding for one of the 32 blocks up for auction in latest licensing round that saw mining major Vedanta putting in as many as 30 bids while State-owned ONGC vying […]

In its bid to instill discipline among two wheeler riders, the Guatam Budh Nagar district administration has decided not to sell petrol to such riders from June 1 next if they are not wearing helmets. This rule will apply on all the filling stations in Noida and Greater Noida. An announcement was made by the […]

LPG consumers in the city are in dilemma at the visit of gas agency personnel, to inspect their kitchen for the mandatory safety checks. The consumers are also in a tight spot as the agency personnel ask them to pay Rs 177 for the safety checks. Consumers are in fray after cooking gas agencies refused […]

The Oil India Limited (OIL) on Monday donated Rs 3.2 crore in the form of a cheque for utilisation in the relief and restoration works being undertaken in the Cyclone Fani-affected areas in the State. OIL General Manager Rajeev Singhal informed this to reporters here. He also said that an additional 10 lakh litre of […]

Saudi Arabia said on Monday two of its oil tankers were damaged in mysterious “sabotage attacks” in the Gulf as tensions soared in a region already shaken by a standoff between the United States and Iran. It came as US Secretary of State Mike Pompeo scrapped a planned visit to Moscow to head to Brussels […]

The US on Monday said it cannot ensure the sale of its crude oil to India at concessional rates to make up for the cheaper Iranian oil going out of the market. “Oil is owned by private people, so the government cannot force people to make concessionary price,” US Commerce Secretary Wilbur Ross, who is […]

Prime Minister Narendra Modi may have set a target to cut India’s oil import dependence by 10 per cent but the country’s reliance on foreign oil for meeting its energy needs has jumped to a multi-year high of nearly 84 per cent, latest Government data showed. Speaking at the ‘Urja Sangam’ conference in March 2015, […]

Senior officials of India and Iran are likely to hold fifth round of negotiations for a bilateral preferential trade agreement (PTA) here this month, an official said. Till now, four rounds of negotiations have been completed and the last one was held in March in Tehran where both countries discussed draft text of the pact. […]

The growth of eight core sectors improved marginally to 4.7 per cent in March 2019 against 4.5 per cent in the same month last year. For the full 2018-19 fiscal, the expansion rate of eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — remained flat at 4.3 […]

The Delhi Government has found an underground fuel tank in the basement of a prominent private school in Greater Kailash-II, prompting Deputy Chief Minister Manish Sisodia to order an FIR against it for “endangering” the safety of students. Sisodia said the students were sitting on a “ticking bomb”. There was no immediate reaction from the […]