Tuesday, February 7, 2023
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Petroleum Sector Latest News

ONGC’s Chairman Arun Kumar Singh is now its CEO as well

ONGC Chairman Arun Kumar Singh has been appointed as Chief Executive Director (CEO) of the company now

India’s crude oil production falls 3.8% in July

India's crude oil production fell 3.8 percent in July on lower output from fields operated by state-owned ONGC and private sector firms

Govt cuts windfall tax on fuel export, raises levy on domestic crude oil

Govt has cut the windfall tax on diesel and ATF in line with softening international petroleum product prices but raised the duty on domestically produced crude oil

Indian Oil to invest Rs 740 crore to raise Digboi refinery capacity

State-owned Indian Oil Corporation (IOC) will invest over Rs 740 crore to raise the capacity of the nation's oldest oil refinery at Digboi in Assam

Essar Oil crosses 0.8 mmscmd mark in CBM production

Essar Oil on Tuesday said that it has crossed the 0.8 million standard cubic meters per day (mmscmd) mark of coal bed methane production

Domestic crude oil production falls by 1% in April 2022

India's crude oil production fell 1 percent in April after lower output from fields operated by the private sector wiped away gains by state-owned firms

Govt aims to raise share of natural gas to 15% by 2030

The government has set a target to raise the share of natural gas in the energy mix to 15 percent in 2030 from existing 6.7 percent

Energy consumption in India is anticipated to reach pre-Covid levels soon: Pradhan

Union Petroleum Minister Dharmendra Pradhan was speaking on Energy consumption in India at the USISPF-3rd annual leadership summit, where he invited US companies to partner in Aatmanirbhar Bharat campaign

GAIL finds a place in global Sustainability Index “FTSE4GOOD Index Series”

GAIL has been included in the 'FTSE4Good' index series for the fourth time in a row, reaffirming the company’s strong commitment towards Environmental, Social and Governance (ESG) practices in the oil and gas sector

Have a compressed bio-gas start-up? Get funding from GAIL under ‘Pankh’

Under the new initiative Pankh, GAIL (India) Limited is planning to invest in start-ups operating in the area of compressed bio-gas (CGB), the solicitation round will remain open till July 24

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