At least five companies are interested in six fracking blocs in Colombia, and use of the technique could nearly triple the country’s reserves of crude and gas, the energy minister said.
After the U.S. slapped sanctions on Venezuela’s state-owned PDVSA, which essentially add up to an oil ban, the market has focused on how the remaining buyers of the South American country’s heavy, low-quality crude will react.
Expressing dissent over Ministry of Road Transport and Highways (MoRTH) type approval norm, Indian Auto LPG Coalition (IAC) in a press statement said that the norms are acting as a huge barrier the retro-fitment market in India and needs immediate modification.
The eastern metropolis is likely to get Compressed Natural Gas (CNG) by end of this year, which would facilitate vehicles running on greener fuel, an official said on Tuesday.
India’s diesel demand is likely to double to 163 million tonne (MT) in 12 years as consumption rises in the world’s fastest-growing economy, Oil Minister Dharmendra Pradhan said Monday.
For the Indian oil and gas sector, the year was defined by what occured outside with crude oil prices rising steadily to cross $86 a barrel owing to oil producers starting output cuts from January, before a sharp correction in the third quarter brought
Domestic fuel prices declined for the second consecutive day with petrol prices falling around 20 paise in the four metropolitan cities. In the national capital, petrol was sold at Rs 70.07, down from Rs 70.27 per litre on Saturday,
India’s western state of Maharashtra has put on hold the process to buy land for the country’s biggest oil refinery that state-run oil companies are building with Saudi Aramco, Chief Minister Devendra Fadnavissaid, after strong opposition from farmers.
The government intends to further increase the target level for the Ethanol Blended Petrol (EBP) programme that aims to bring down India’s imports of petroleum products, as also provide cleaner fuel, Prime Minister Narendra Modi said on Thursday.
5,000 compressed bio-gas plants will be set up in five years to convert agri-waste into bio-CNG. New Delhi: Unveiling his vision for transforming India into a gas-based economy, Prime Minister Narendra Modi Thursda