Category: Oil & Gas

On a National Green Tribunal’s order, Indian Oil Corporation Limited (IOCL) refinery has deposited Rs17.31 crore in compensation with the Central Pollution Control Board (CPCB) for causing air and water pollution. The amount was deposited after the Supreme Court had dismissed an IOCL’s appeal against the NGT’s order. The NGT’s order was based on reports […]

The National Green Tribunal (NGT) has disposed of an appeal of the Indian Oil Corporation Limited (IOCL) against a show-cause notice for the revocation of consent to operate served by the Haryana State Pollution Control Board (HSPCB) under Section 33A of the Water (Prevention and Control of Pollution) Act, 1974. It has directed the HSPCB […]

Says only monetising already discovered oilfields Quote: There are two challenges with regard to natural resources. One is to keep an estimate on how much we have and the other one is to monetise it. Disinvestment or privatisation of ONGC is not happening — Dharmendra Pradhan, petroleum minister New Delhi, July 3 State-run ONGC will […]

Saudi Arabia’s King Salman on Saturday warned that “terrorist” attacks in the Gulf region could imperil global oil supplies, as he sought to galvanise support among Islamic countries against arch-rival Iran. The king was speaking at a meeting of the 57-member Organization of Islamic Cooperation (OIC), the third and final Tehran-focused summit in the holy […]

India has stopped importing oil from Iran after American waivers granted to eight buyers expired early this month, New Delhi’s envoy here has said, becoming the latest country to comply with the US sanctions on Tehran over its nuclear programme. Indian Ambassador to the US, Harsh Vardhan Shringla said India has also ended oil import […]

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 is […]

Saudi Arabia said armed drones struck two of its oil pumping stations on Tuesday, two days after the sabotage of oil tankers near the United Arab Emirates, and the US military said it was braced for “possibly imminent threats to US forces in Iraq” from Iran-backed forces. The attacks took place against a backdrop of […]

An oil pipeline that runs across Saudi Arabia was hit Tuesday by drones, the Saudi energy minister said, as regional tensions flared just days after what the kingdom called an attack on two of its oil tankers near the Persian Gulf. While both US President Donald Trump and Iran’s Supreme Leader Ayatollah Ali Khamenei said […]

The National Green Tribunal (NGT) has directed Indian Oil Corporation Limited (IOCL) to deposit Rs17.31 crore for causing air and water pollution in adjoining areas. The NGT order comes on the basis of the reports and recommendations of a joint committee of officials of the Central Pollution Control Board (CPCB), Haryana State Pollution Control Board […]

The J&K High Court on Thursday issued notices to the Central government, public sector oil companies and other respondents in a petition by Kashmir-based fuel station owners and dealers challenging their decision to open 65,000 new retail outlets, including 632 in J&K. Though the court has not stayed the process of allotment of outlets in […]

Iraq’s oil minister said on Thursday his country had the capacity to increase its oil production to 6 million barrels per day (bpd) if needed, but it was committed to OPEC-led output cuts and would not take unilateral action to boost supply. Thamer Ghadhban also said there were no acute oil shortages for the time […]