Petroleum, Oil & Natural Gas
Petroleum, Oil & Natural Gas
The Union government will announce the tenth round of oil and gas exploration under the Open Acreage Licensing Policy (OALP) only after Parliament passes the Oilfields (Regulation and Development) Amendment Bill, 2024, Business Standard reports. The Bill, pending in the Lok Sabha (Lower House), aims to streamline petroleum leases, permit
by PublisherState-run Bharat Petroleum Corporation Limited (BPCL) is turning to West Asian crude to compensate for a shortage of Russian oil, its Head of Finance, Vetsa Ramakrishna Gupta, told Reuters. The refiner is struggling to secure 8 to 10 million barrels of Russian crude for January with Russian oil now accounting
by PublisherFollowing a drop in global oil prices, the government eliminated the 30-month-old windfall profit tax on locally produced crude oil as well as on the export of jet fuel (ATF), diesel and petrol.
by Daanish NarayanIndia's eight core industries recorded a 3.1% growth in October 2024, up from 2% in September, according to government data. Coal production increased by 7.8%, while crude oil and natural gas output declined by 4.8% and 1.2%, respectively. Petroleum refinery production, which constitutes 28.
by Amal AnzariThe Indian government is engaging with Saudi Arabia to establish two oil refineries in Gujarat and Andhra Pradesh, each with an annual capacity of 10–15 million tonnes, alongside petrochemical facilities. Discussions follow challenges in acquiring land for a proposed 60-million-tonne refinery in Ratnagiri, Maharashtra. The Gujarat refinery is expected
by Amal AnzariExternal Affairs Minister S Jaishankar criticised Europe's "selective approach" regarding India's purchase of Russian oil, stating that each region prioritises its own interests. Speaking to Corriere della Sera, Jaishankar questioned why Europe has not completely severed business ties with Russia, if principles are paramount.
by Amal AnzariThe Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said India is set to achieve its 20% ethanol blending target well before the revised October 2025 deadline.
by Amal AnzariIndia and Russia’s long-standing partnership is marked by deepening energy, trade, and defence ties. Bilateral trade surged to $65.7 billion, with growing collaboration in emerging sectors like renewable energy and advanced technology.
by Amal AnzariThe Union government will announce the tenth round of oil and gas exploration under the Open Acreage Licensing Policy (OALP) only after Parliament passes the Oilfields (Regulation and Development) Amendment Bill, 2024, Business Standard reports. The Bill, pending in the Lok Sabha (Lower House), aims to streamline petroleum leases, permit
by PublisherThe Union government will announce the tenth round of oil and gas exploration under the Open Acreage Licensing Policy (OALP) only after Parliament passes the Oilfields (Regulation and Development) Amendment Bill, 2024, Business Standard reports. The Bill, pending in the Lok Sabha (Lower House), aims to streamline petroleum leases, permit
by PublisherState-run Bharat Petroleum Corporation Limited (BPCL) is turning to West Asian crude to compensate for a shortage of Russian oil, its Head of Finance, Vetsa Ramakrishna Gupta, told Reuters. The refiner is struggling to secure 8 to 10 million barrels of Russian crude for January with Russian oil now accounting
by PublisherFollowing a drop in global oil prices, the government eliminated the 30-month-old windfall profit tax on locally produced crude oil as well as on the export of jet fuel (ATF), diesel and petrol.
by Daanish NarayanIndia's eight core industries recorded a 3.1% growth in October 2024, up from 2% in September, according to government data. Coal production increased by 7.8%, while crude oil and natural gas output declined by 4.8% and 1.2%, respectively. Petroleum refinery production, which constitutes 28.
by Amal AnzariThe Indian government is engaging with Saudi Arabia to establish two oil refineries in Gujarat and Andhra Pradesh, each with an annual capacity of 10–15 million tonnes, alongside petrochemical facilities. Discussions follow challenges in acquiring land for a proposed 60-million-tonne refinery in Ratnagiri, Maharashtra. The Gujarat refinery is expected
by Amal AnzariExternal Affairs Minister S Jaishankar criticised Europe's "selective approach" regarding India's purchase of Russian oil, stating that each region prioritises its own interests. Speaking to Corriere della Sera, Jaishankar questioned why Europe has not completely severed business ties with Russia, if principles are paramount.
by Amal AnzariThe Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said India is set to achieve its 20% ethanol blending target well before the revised October 2025 deadline.
by Amal AnzariIndia and Russia’s long-standing partnership is marked by deepening energy, trade, and defence ties. Bilateral trade surged to $65.7 billion, with growing collaboration in emerging sectors like renewable energy and advanced technology.
by Amal AnzariBengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1
by PTIA Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.
by PTIThe Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money
by PTIPrime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering
by PTIOdisha Chief Minister Mohan Charan Majhi on Tuesday said he is hopeful that the MoU for establishment of a "mega" steel plant in mineral-rich Keonjhar district would be signed during a business conclave in the state on January 28-29. Majhi said he is focusing on signing of the
by PTIPresident of Singapore Tharman Shanmugaratnam arrived here on Tuesday night on a five-day visit that aims to further boost bilateral ties in a range of areas. Shanmugaratnam, accompanied by a high-level delegation, was received at the airport by Union Minister Jitin Prasada. It is his first visit to India as
by PTIExternal Affairs Minister S Jaishankar on Tuesday called on Spanish President Pedro Sanchez and reiterated the "long-standing" India-Spain partnership, updating him on the progress in bilateral cooperation. Separately, he also called on the King of Spain Felipe VI. Jaishankar arrived in Spain on Monday for a two-day official
by PTIA thick layer of very dense fog covered New Delhi on Wednesday morning. The national capital's air quality fell into the "very poor" range. The Central Pollution Control Board reports that at 7 a.m. today, the AQI was measured at 344 in Delhi. It was
by PublisherBengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1
A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.
The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money
Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering
Odisha Chief Minister Mohan Charan Majhi on Tuesday said he is hopeful that the MoU for establishment of a "mega" steel plant in mineral-rich Keonjhar district would be signed during a business conclave in the state on January 28-29. Majhi said he is focusing on signing of the
President of Singapore Tharman Shanmugaratnam arrived here on Tuesday night on a five-day visit that aims to further boost bilateral ties in a range of areas. Shanmugaratnam, accompanied by a high-level delegation, was received at the airport by Union Minister Jitin Prasada. It is his first visit to India as
External Affairs Minister S Jaishankar on Tuesday called on Spanish President Pedro Sanchez and reiterated the "long-standing" India-Spain partnership, updating him on the progress in bilateral cooperation. Separately, he also called on the King of Spain Felipe VI. Jaishankar arrived in Spain on Monday for a two-day official
A thick layer of very dense fog covered New Delhi on Wednesday morning. The national capital's air quality fell into the "very poor" range. The Central Pollution Control Board reports that at 7 a.m. today, the AQI was measured at 344 in Delhi. It was