19 NOV – ‘Intensive contacts’ underway for Energy Research Cooperation Platform between BRICS nations- Putin

  Moscow- The BRICS nations have maintained “intensive contacts” for the development of an Energy Research Cooperation Platform, said Russian President Vladimir Putin, adding that reports have already been prepared for the development of the fuel and energy sectors in the BRICS countries until 2040. Speaking during BRICS virtual summit on Tuesday, Putin said- “Intensive…

19 NOV – How Venezuela Is Successfully Skirting U.S. Oil Sanctions

  Venezuela sits atop the largest proven oil reserves in the world, clocking in at a whopping 300 billion barrels. But years of domestic economic mismanagement, corrupt international banking, and strict international sanctions have brought the Venezuelan economy–and oil industry–to its knees. Earlier this summer, the country’s once-mighty oil sector became the ultimate metaphor for…

19 NOV – No biodiversity study done yet for drilling inside Assam’s Dibru-Saikhowa national park, OIL tells Gauhati HC

No public consultations were held before granting environmental clearance for the proposed drilling operations inside Assam’s Dibru-Saikhowa National Park, Oil India Limited (OIL) said in an affidavit filed in the Gauhati high court on Tuesday. OIL maintained that existing rules do not require it to conduct public consultations and added that oil and gas exploration and…

19 NOV – Get global oil partners to raise output- Pradhan tells exploration firms

  Oil Minister Dharmendra Pradhan asked exploration companies to consider farming out their acreages to global players with advanced technology to expedite development and raise oil and gas output. India, the world’s third-biggest oil importer and consumer, depends on foreign purchases for more than 80% of its oil needs. The nation’s oil and gas output…

19 NOV – Adequate interest for BPCL disinvestment, no need to alter sale process- Govt

  The government has said that adequate interest has been received for the strategic disinvestment of public sector refiner Bharat Petroleum Corporation Ltd (BPCL) with several suitors submitting expressions of interest (EoI). The transaction will move to the second stage after scrutiny by the transaction adviser, said a tweet from the Twitter handle of the…