Oil & Gas – Feedback

Oil & Gas

Narendra Modi’s constituency Varanasi has gone green with CNG (compressed natural gas) and PNG (piped natural gas) services, harvesting 1st fruits of Prime Minister’s Rs 13,000-crore energy lifeline for industrial revival in the eastern region. City gas distribution (CGD) network was dedicated to the nation by the PM at a function in Varanasi in the […]

Nepal Oil Corporation (NOC) on Sunday ended the task of fully implementing the locking system on all petroleum tankers with tankers plying on Janakpur-Barauni route being last 2 decades after system was introduced in India. Installing the locking system on fuel tankers is expected to control oil theft. NOC Executive Director Sushil Bhattarai announced enforcement […]

Energy prices in India have been going up because of certain geopolitical reasons, particularly because of the uncertainty over the supply of Iranian crude. Soaring prices have put Indian policymakers in a bind as the general public generally tries to corner the government on this, without realising that since much of India’s energy resources have […]

Ashok Leyland Ltd.(ALL), flagship company of the Hinduja Group, in association with Hindustan Petroleum Corporation Ltd. (HPCL), rolled out ‘eN-Dhan’, a co-branded fuel card that would offer customised solutions to commercial vehicle owners, said a top official. “About 1.5% to 3% savings would be there for customers when they use this card,” said Vinod K. […]

Iran will do its best to ensure security of oil supply to India by offering “flexible measures” to boost bilateral trade, a statement from Tehran’s embassy in New Delhi said. Iran is the third-biggest oil supplier to India and has offered refiners incentives including almost-free shipping and an enhanced credit period on oil sales. Imports […]

India Ratings and Research has published June 2018 edition of its credit news digest on India’s oil and gas sector. The report highlights the trends in the sector, with a focus on domestic production, import, consumption, refining and gross under-recovery, regulatory changes and recent rating actions. India’s crude oil dependency has increased, indicated by stagnant […]

Pipeline will ensure uninterrupted supply of the petroleum products for catering the growing demand in the states of Odisha, Andhra Pradesh and Telangana Oil major Indian Oil Corporation Limited (IOCL) will invest Rs 36.63 billion for laying two pipelines originating from Odisha under the aegis of South Eastern Region Pipelines (SERPL). Oil PSU will lay […]

Close on the heels of securing its first ever patent grant recently Research and Development (R&D) Department of Oil India Limited (OIL) added another feather to its cap by securing yet another patent – this time jointly with the Indian Institute of Technology (IIT) Madras, Chennai, a press communiqué received here said. The Indian Patent […]

A look at company’s past performance also provides interesting insights and why Ambani may well be right. Reliance Industries’ chairman Mukesh Ambani exuded confidence that company will more than double in 7 years. At the company’s annual general meeting of shareholders, Ambani said, “As India starts on its high growth journey to double the size […]

GSPL LNG Ltd., a 50:50 joint venture of GSPC and Adani which owns the Mundra LNG terminal, will look at inducting a strategic partner once the terminal is fully operational. Gujarat State Petroleum Corp. Ltd will commission a 5 MTPA LNG import terminal at Mundra in the next 2-3 months, GSPC managing director Jagdip Narayan […]