India’s fuel demand rose by 4 per cent in October as a drop in prices propelled a rise in petrol and diesel consumption. Fuel consumption in October totalled 17.99 million tonnes (MT) as compared to 17.3 MT
Oil and gas installations on the east coast are vulnerable to frequently occurring intense cyclones, while installations in the northwest may see higher flood risks from an increase in extreme rainfall, suggests a new assessment by The Energy and Resources Institute (Teri).
Austrian energy group OMV has agreed to establish a joint venture with Sapura Energy Bhd, paying $540 million for a 50 percent stake in the Malaysian firm’s exploration assets.
An expert committee set up to recommend relaxing norms for setting up petrol pumps and retailing ATF in India has sought public comments on the issue before finalising its views.
India has reached out to UK-based investors to attract international public-private-partnerships (PPP) in the country’s oil and gas sector with a roadshow in London. The Ministry of Petroleum and Natural Gas, along with the Directorate General
India on Friday presented a wide range of investment opportunities in the upstream oil and gas sector, citing strong interests in the ongoing USD 2.86 billion investment underway to double gas production and drill more than 120 exploration wells over the next four-five years.
The Directorate General of Hydrocarbons (DGH) has begun ranking the country’s oil and gas fields in a bid to induce competition among its managers and help boost domestic output stagnant for years now.
H-Energy will commission first LNG retail outlet in Maharashtra by October 2019: Darshan Hiranandani
“H-Energy will have its first LNG retail outlet in Panvel by October next year. We are trying for four more (outlets) but the Panvel facility will be up and running by next Diwali,” H-Energy Managing Director and Chief Executive Officer (CEO) told ETEnergyworld.
H-Energy, the oil and gas arm of Mumbai-based Hiranandani Group, is planning to commission its first LNG retail outlet in Panvel, Maharashtra in a year. The outlet, part of a larger expansion plan, will help the company sell gas from its Jaigarh LNG terminal
Rocketing oil prices have pushed up the domestic rate of non-subsidised cooking gas by Rs 389 a cylinder, or 79%, in the last two years.
About two crore consumers who had given up cooking gas subsidy or never received one can get the benefit by asking their gas agency at a time when rapidly rising crude oil price is making the kitchen fuel expensive, oil company executives said. Rocketing oil prices have pushed up the domestic rate of non-subsidised cooking […]
India’s biggest state-owned refiner Indian Oil Corp Ltd said on Wednesday that a gradual rise in India’s natural gas consumption could reduce local diesel demand.