Assam gas leak and fire: Severe floods leads OIL to call off blowout ops for the day

Oil India Limited (OIL) on Saturday called off its operations to contain the fire and blowout at the Baghjan 5 well in Assam after the area was ravaged by days of heavy rain and floods. “Working condition at the site has been considered unsafe for the day and all operations at site have been called…

Companies in Northeast region are giving renewed thrust on enhanced oil recovery schemes: ONGC

GUWAHATI: ONGC’s Executive Director Tarun Malik said that companies in the Northeast region are giving renewed thrust on enhanced Oil Recovery (EOR) schemes after Government of India announced renewed policy framework by the for incentivising production through improved recovery schemes in domestic fields. Malik, while speaking at a virtual platform on “Consultation on Hydrocarbon and…

India bets oil demand will recover fast from lockdown shock

India, the third biggest oil consumer, expects fuel demand to return to normal earlier than projections by the International Energy Agency and OPEC. “If you look at the trend of the past few weeks, I’m confident that by the end of second quarter, demand will be as usual,” India’s Oil Minister Dharmendra Pradhan said at…

Instead of treating CO2 as liability, we can make it raw material: Mukesh Ambani

New Delhi: Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL), has said that instead of treating carbon dioxide (CO2) as a liability, one can use it as a raw material.Ambani made these remarks at the FII Investment Institute Conference on “Don’t Forget Our Planet” on Thursday. The other participants in the conference…

‘With 18% of India’s hydrocarbon reserves, NE can cater to neighbours too’

Guwahati/Agartala, The northeast region holds 18 per cent of the country’s hydrocarbon resources with a large area not yet surveyed. The government could use it to meet demand of neighbouring countries. Speaking at a “Consultation on Hydrocarbon and Industries in NorthEast”, Tripura Deputy Chief Minister Jishnu Dev Varma said on Saturday the annual demand for…