With an annual increase of 22% in sale of auto LPG (ALPG), Indian Oil Corporation is looking to increase the number of stations dispensing it.
Giving a push for speedy approvals, the petroleum ministry has proposed that discovered small fields (DSF) be awarded in future by a limited group of the petroleum minister and the finance minister, instead of the 14-member Cabinet Committee on Economic Affairs (CCEA) headed by the Prime Minister.
State-owned Indian Oil Corp (IOC) today signed an initial pact with Israel’s Phinergy Ltd for developing ultra lightweight metal-air batteries that can be used in electric vehicles(EVs).
India and Israel will begin work on a free trade pact that Israel has been pushing for, officials said on Monday, as Benjamin Netanyahu began a first visit by an Israeli prime minister in 15 years.
Fuel pricing reforms appear to be sputtering as state-run fuel retailers are moderating their daily upward revision in pump prices on verbal nudge from the oil ministry as global crude markets remain on fire.
State-owned Oil and Natural Gas Corp (ONGC) is reviewing offshore logistics operations after five of its energy soldiers were killed in the tragic helicopter crash in the Arabian Sea.
There is huge scope in oil and gas sector in Rajasthan and in the new oil fields, the auction will take place according to the new policy on January 18 in which many oil companies and investors from India and abroad have shown interest and have applied for blocks.
Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of “red flags” due to surging U.S. production.
A Singapore court on Monday filed additional charges against nine men accused in a large-scale oil theft at Shell’s biggest refinery, the latest development in an extensive investigation in the city-state.
Diesel prices have touched a record high of Rs 61.74 per litre and petrol prices have crossed Rs 71 as international oil rates continue to rally.