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Petroleum, Oil & Natural Gas

Petroleum, Oil & Natural Gas

News   -   Jan 08, 2025 Oil and Gas Auctions Delayed until Parliament Clears Oilfields Bill
Oil and Gas Auctions Delayed until Parliament Clears Oilfields Bill

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

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News   -   Dec 30, 2024 BPCL Turns to West Asia as Russian Supply Declines
BPCL Turns to West Asia as Russian Supply Declines

State-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 Publisher
News   -   Dec 02, 2024 Government Scraps Windfall Tax
Government Scraps Windfall Tax

Following 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 Narayan
News   -   Nov 29, 2024 Core Sector Output Rises to 3.1% in October
Core Sector Output Rises to 3.1% in October

India'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 Anzari
News   -   Nov 27, 2024 Saudi Talks Signal Shift in Refinery Plans to Gujarat and Andhra Pradesh
Saudi Talks Signal Shift in Refinery Plans to Gujarat and Andhra Pradesh

The 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 Anzari
News   -   Nov 27, 2024 Jaishankar Questions Europe's Stance on India’s Russian Oil Imports
Jaishankar Questions Europe's Stance on India’s Russian Oil Imports

External 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 Anzari
News   -   Oct 18, 2024 India on Track to Achieve Ethanol Blending Targets
India on Track to Achieve Ethanol Blending Targets

The 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 Anzari
Economy   -   Oct 16, 2024 India-Russia Relations: A Long-Standing Partnership
India-Russia Relations: A Long-Standing Partnership

India 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 Anzari
Oil and Gas Auctions Delayed until Parliament Clears Oilfields Bill
News   -   Jan 08, 2025 Oil and Gas Auctions Delayed until Parliament Clears Oilfields Bill

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 Publisher
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Petroleum, Oil & Natural Gas Articles 10 Articles
News   -   Jan 08, 2025 Oil and Gas Auctions Delayed until Parliament Clears Oilfields Bill
Oil and Gas Auctions Delayed until Parliament Clears Oilfields Bill

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 Publisher
News   -   Dec 30, 2024 BPCL Turns to West Asia as Russian Supply Declines
BPCL Turns to West Asia as Russian Supply Declines

State-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 Publisher
News   -   Dec 02, 2024 Government Scraps Windfall Tax
Government Scraps Windfall Tax

Following 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 Narayan
News   -   Nov 29, 2024 Core Sector Output Rises to 3.1% in October
Core Sector Output Rises to 3.1% in October

India'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 Anzari
News   -   Nov 27, 2024 Saudi Talks Signal Shift in Refinery Plans to Gujarat and Andhra Pradesh
Saudi Talks Signal Shift in Refinery Plans to Gujarat and Andhra Pradesh

The 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 Anzari
News   -   Nov 27, 2024 Jaishankar Questions Europe's Stance on India’s Russian Oil Imports
Jaishankar Questions Europe's Stance on India’s Russian Oil Imports

External 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 Anzari
News   -   Oct 18, 2024 India on Track to Achieve Ethanol Blending Targets
India on Track to Achieve Ethanol Blending Targets

The 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 Anzari
Economy   -   Oct 16, 2024 India-Russia Relations: A Long-Standing Partnership
India-Russia Relations: A Long-Standing Partnership

India 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 Anzari
Latest Articles 8 Articles
News   -   Jan 15, 2025 Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX
Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX

Bengaluru-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 PTI
News   -   Jan 15, 2025 GOP Lawmaker Warns Adani Case Could Harm US-India Relations
GOP Lawmaker Warns Adani Case Could Harm US-India Relations

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.

by PTI
News   -   Jan 15, 2025 Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal
Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal

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

by PTI
News   -   Jan 15, 2025 Armed Forces' Welfare a Govt Priority, says PM Modi
Armed Forces' Welfare a Govt Priority, says PM Modi

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

by PTI
News   -   Jan 15, 2025 Odisha Eyes Greenfield Steel Plant Deal in Keonjhar
Odisha Eyes Greenfield Steel Plant Deal in Keonjhar

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

by PTI
News   -   Jan 15, 2025 Singapore President Arrives in Delhi for Five-Day Visit
Singapore President Arrives in Delhi for Five-Day Visit

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

by PTI
News   -   Jan 15, 2025 Jaishankar Discusses Bilateral Progress with Spanish Leaders in Madrid
Jaishankar Discusses Bilateral Progress with Spanish Leaders in Madrid

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

by PTI
News   -   Jan 15, 2025 Fog Disrupts Dialy Life in the National Capital
Fog Disrupts Dialy Life in the National Capital

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

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