State-owned ONGC thought the discovery is too small to make economic sense. But Hindustan Oil Exploration Company (HOEC) in two years of taking over the B-18 block has not just discovered more resources but has invested enough to start oil and gas output from April next year. In an interview to PTI, HOEC…
Vijayawada: The Cairn Oil & Gas, a division of Vedanta Limited, is all set to begin oil and natural gas exploration in Krishna district. The Oil and Natural Gas Corporation (ONGC) has already completed the ground work and identified the drilling area for the purpose. The ONGC had drilled three exploratory wells back…
BHUBANESWAR: Police investigation into the sensational Raj Bhawan Filling Centre explosion has found gross criminal negligence on the part of Indian Oil Corporation Limited (IOCL) authorities as well as the contractor it had engaged which led to the blast claiming two lives on October 7. The Commissionerate Police examined witnesses, documents, CCTV footage,…
HYDERABAD: The consumption of 19 kg commercial Liquefied Petroleum Gas (LPG) cylinders remains low in the city, even months after lockdown norms for hospitality and other sectors were relaxed. Soon after the lockdown was put in place in the State, the sale of commercial LPG cylinders went down by 90 per cent.…
A recent discussion paper titled “Anybody’s Gas” takes a critical look at the government’s new policy directives that were announced in early-October and argues that the so-called “reforms process” was rushed into by ignoring the context, that most of the domestic producers of natural gas would not benefit from the reforms, that key decisions…
India’s national oil companies, or NOCs, have started supplying LPG to some private bottlers in a government-initiated move that could be extended across the country and heighten competition in a sector controlled by private importers, Indian industry sources said Dec. 11. Supplying to private LPG bottlers had previously been the domain of international…
India’s Chabahar project found a convert to its cause of connectivity: Uzbekistan. On Monday, India, Iran and Uzbekistan will hold their first trilateral meeting to boost connectivity to the port. “India welcomes the interest of Uzbekistan to use the Chabahar Port as a transit port,’’ said a press release issued by the ministry…
BHUBANESWAR: Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Friday reviewed the progress of Talcher Fertilizers Ltd’s (TFL) coal gasification-based plant and directed expeditious completion of the project. “The TFL plant at Talcher will be India’s first coal gasification-based fertiliser plant with pet coke blending. It will facilitate seamless supply of…
LONDON: Oil prices eased on Friday, but were set for a sixth week of gains as progress towards novel coronavirus vaccination programmes fed hopes that demand for fuel would rebound next year. Brent was down 18 cents, or 0.4%, at $50.07 a barrel at 1242 GMT, after rising above $51 a barrel…
SINGAPORE –Oil retreated in London, slipping from a nine-month high and cooling a rally that has added more than 40% to crude prices since early November.Prices erased earlier gains on Friday as the dollar climbed and equities fell. Brent crude had topped $50 on Thursday, though it settled technically overbought, suggesting a pullback…
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