India and Oman are close to concluding talks on a trade deal that will allow easier access of goods and services into each other’s markets, officials familiar with the matter said, further cementing the South Asian nation’s presence in the Gulf region. The two sides have reached consensus on a majority of the issues in […]
Category: Oil & Gas
Oil & Gas
Qatar to boost gas output with new mega field expansion: minister
Qatar on Sunday announced new plans to expand output from the world’s biggest natural gas field, saying it will boost capacity to 142 million tonnes per year before 2030. The new North Field expansion, named “North Field West”, will add a further 16 million tonnes of liquefied natural gas (LNG) per year to existing expansion […]
Need research work on ways to reduce dependence on fossil fuels, says Gadkari
Union Minister Nitin Gadkari on Wednesday said research work needs to be done on ways to cut down the dependence on fossil fuels as that will also help in reducing ecological and environmental issues. Research works also have a huge potential to make sustainable life for socially, economically and educationally backward classes, the Minister for […]
Govt allows Nafed, NCCF to sell maize to ethanol makers at base rate of Rs 2,291/quintal
To ensure uninterrupted supply of maize for ethanol makers, the government has allowed cooperatives Nafed and NCCF to sell maize at a base price of Rs 2,291 per quintal to distilleries this year. Nafed and National Cooperative Consumers’ Federation of India (NCCF) will procure maize at a minimum support price of Rs 2,090 per quintal […]
NTPC arm NGEL inks pact with AP to develop India’s largest green hydrogen production facility
NTPC arm NGEL has signed an agreement with the government of Andhra Pradesh for the development of an integrated green hydrogen hub. The land lease agreement was signed between NTPC Green Energy Limited (NGEL) and Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for the said project near Pudimadaka village of Atchutapuram Mandal in Visakhapatnam district, NTPC […]
NRL executes longest horizontal drilling for crude oil pipeline project
Numaligarh Refinery Limited (NRL) has executed one of the longest Horizontal Directional Drilling (HDD) in Subansiri River, connecting Lakhimpur and Majuli in Assam, for its crude oil pipeline project. NRL is executing the mega project of laying 1,635km pipeline from Paradip Port in Odisha to Numaligarh in Assam along with expansion of its refinery from […]
India’s oil products demand surges in January, led by LPG and gasoline
India’s demand for oil products saw a significant increase in January, with a jump of 398,000 barrels per day (b/d) or 8.2% year-on-year, and a modest rise of 8,000 b/d from the previous month, according to a report by S&P Global Commodity Insights. The increase was driven primarily by higher consumption of all products except […]
India initiates anti-dumping probe into imports of solar glass from China, Vietnam
India has initiated an anti-dumping probe into imports of certain solar glass from China and Vietnam, following a complaint by domestic players. The commerce ministry‘s investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of ‘Textured Tempered Coated and Uncoated Glass’ made or from China and Vietnam. The product is also […]
Honeywell, ENEOS to develop world’s first commercial-scale hydrogen transport project
Honeywell announced that ENEOS, a leading energy company in Japan, will develop the world’s first commercial scale Liquid Organic Hydrogen Carrier (LOHC) project using Honeywell’s solution at multiple sites. “The LOHC solution enables the long-distance transportation of clean hydrogen and can help meet the growing requirements for hydrogen use across various industries by leveraging existing […]
Govt hikes windfall tax on petroleum crude to Rs 3,300 a tonne from Feb 16
The Indian government is increasing the windfall tax on petroleum crude to 3,300 rupees ($39.76) a metric ton from 3,200 rupees with effect from Feb. 16, according to a notification released on Thursday. It will also increase a windfall tax on diesel, that had been reduced to zero, to 1.50 rupees a litre, the order […]
Adani Group in talks with sovereign funds to raise $2.6 billion, reports BS
India’s Adani Group is in advanced talks with West Asia-based sovereign funds to raise up to $2.6 billion for its airport expansion and green hydrogen projects, the Business Standard daily reported late on Sunday. The Adani Group’s flagship firm Adani Enterprises may reduce its stake in either the airport-holding firm or the green hydrogen business, […]
Global LNG demand to rise by over 50%, reach around 625-685 million tonnes a year by 2040
Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50 per cent by 2040, with industrial coal-to-gas switching gathering pace in China and South Asian and South-east Asian countries using more LNG to support their economic growth, said Shell’s LNG Outlook 2024. Global trade in LNG reached 404 million tonnes […]