Welspun Corp Ltd has signed an agreement with Saudi Aramco to set up a Longitudinal Submerged Arc Welded (LSAW) line pipe manufacturing facility in Saudi Arabia’s Dammam 3rd Industrial City.
Continue readingWelspun inks pact with Saudi Aramco for setting up manufacturing facility
India’s state refiners are hastening payments for Russian crude, aiming to complete trades before impending US sanctions take effect. They now settle payments in two days instead of five. Indian
Continue readingIndia rushes to pay for Russian oil ahead of sanctions cutoff
US sanctions on Russian oil producers and tankers will affect Indian imports post wind-down period ending March 12. Price discounts on Russian oil may cease. Indian refiners are seeking alternative
India will not allow oil tankers sanctioned by the US for transporting Russian cargoes to discharge. This follows aggressive new sanctions by the US on Russia’s energy trade. India is
Continue readingIndia to reject oil tankers that were sanctioned by US on Friday
India does not expect disruptions in Russian oil supply for the next two months. U.S.-sanctioned tankers can discharge crude until March. Russia may offer deeper discounts to comply with the
Continue readingIndia expects to receive Russian oil for next two months, government source says
New U.S. sanctions on Russian oil producers and ships will disrupt Russian oil supply to China and India, driving up prices and freight costs. As a result, refiners in these
The Centre’s wildlife panel has approved Cairn Oil & Gas’s proposal for exploratory drilling in the eco-sensitive zone of Assam’s Hoollongapar Gibbon Wildlife Sanctuary. Officials have ensured minimal damage during
Continue readingCentre approves oil and gas exploratory drilling in Assam sanctuary
The government has increased the supply of cheaper gas to city gas retailers like IGL, Adani-Total, and Mahanagar Gas. This move restores a significant portion of the allocation that was
Continue readingGovernment partially restores gas supply to IGL, Adani-Total
The Indian Gas Exchange (IGX) seeks approval to introduce 3-6 month gas contracts linked to international gas prices. It has applied to the Petroleum and Natural Gas Regulatory Board. IGX
Continue readingIndian Gas Exchange plans to offer 3-6 month contracts
Indian and Chinese refiners are increasing purchases of crude from the Middle East and the Atlantic Basin due to reduced availability and higher prices of Russian and Iranian oil, alongside
Continue readingIndian refiners shift crude strategy amid fears of Russian oil supply shocks