ONGC NTPC Green Pvt Ltd (ONGPL) is acquiring a 100% stake in Ayana Renewable Power for $700-750 million. The deal values Ayana at $1.7-1.8 billion and includes 4.6 GW of
Continue readingONGC, NTPC Green JV set to buy Ayana Renewable for $750 million
The Rajya Sabha passes a bill amending the Oilfields Act of 1948, offering policy stability, international arbitration, and extended leases to oil and gas explorers. This aims to attract foreign
Continue readingRajya Sabha passes bill to amend oilfields Act
The government has implemented an advanced monitoring system for retail fuel outlets nationwide, leveraging technologies like OTP-based calibration and digital payment systems. This initiative, developed under the Legal Metrology Act,
Continue readingGovt deploys advanced tech to monitor fuel stations nationwide: Parliamentary Report
Gujarat Gas has increased CNG prices by Rs 1.5 per kg, making it Rs 77.76 per kg starting December 1. This is the third hike in recent months, affecting over
Continue readingGujarat Gas hikes CNG prices by Rs 1.5 per kg
Diesel sales grew 8.4% year-on-year in November, ending a period of stagnation this fiscal. Petrol sales rose 9.2%, jet fuel increased by 7.7%, and LPG saw a 7.3% growth. The
Oil marketing companies have increased the price of commercial LPG gas cylinders, with a 19 kg cylinder now costing Rs 1,818.50 in Delhi, up by Rs 16.50. The price of
Continue readingJet fuel and commercial LPG cylinder prices hiked; domestic LPG remained unchanged
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