ONGC Videsh Ltd completes the acquisition of a 0.615% stake in Azerbaijan’s ACG oilfield and a 0.737% share in the BTC pipeline from Equinor for USD 60 million. The acquisition
Continue readingOVL completes acquisition of Equior's stake in Azerbaijan oilfield for $60 mn
Minister Nitin Gadkari emphasizes the importance of switching to biofuels and electric vehicles for sustainable development. India’s transport sector heavily contributes to air pollution, and significant fossil fuels are imported
Continue readingAlternative fuels key to making India self-reliant: Nitin Gadkari
India looks forward to the possibility of continued low global crude oil prices as the incoming U.S. administration under President-elect Donald Trump could influence market conditions. Lower energy prices are
Continue readingIndia pins growth hopes on Trump keeping crude prices low
GAIL has signed a long-term charter agreement with Kawasaki Kisen Kaisha for a new LNG ship to be operational in 2027. The ship will be built by Samsung Heavy Industries
Continue readingGAIL signs long-term charter contract with K-Line for LNG ship
City gas companies are receiving less cheaper domestic gas due to government cuts and new pricing policies. APM gas allocation has been reduced, and new well gas is priced higher.
Continue readingCity gas cos feel the heat as domestic gas share shrinks
The finance ministry is assessing the windfall tax on petrol, diesel, and aviation fuel exports. It is also considering bringing natural gas under GST. This follows the oil ministry’s request
Continue readingFinance Ministry rethinks windfall tax; Oil Ministry for natural gas under GST
Reliance Industries’ subsidiary has invested $12 million in Wavetech Helium, acquiring a 21% stake. This US-based company explores and produces helium, a crucial element for various sectors including healthcare, technology,
Continue readingRIL subsidiary acquires 21% stake in US-based Wavetech Helium for $12 million
ONGC discovered oil near Asokenagar, West Bengal, six years ago and has made four additional discoveries since. However, development is stalled pending a petroleum mining lease from the West Bengal
Continue readingONGC makes four oil discoveries in Ashokenagar, awaits mining lease from Bengal govt
GAIL (India) Ltd. has revitalized its plan to launch a PTA manufacturing plant in Mangalore. The state-owned gas utility has re-engaged INEOS, a global petrochemical giant, to support the revival
Continue readingGAIL re-engages process licensor for revival of Mangalore PTA plant