50-yr-old Sagar Samrat rig re-opened as mobile offshore production unit

Several MNCs have showb keen interest to invest in the Indian E&P segment, and some are already in talks with ONGC for firming up mutually beneficial partnerships.

published on : 30th January 2023

Kerala minister to get hydrogen-filling stations to promote green fuel

Transport secretary Biju Prabhakar highlighted the state’s previous experiences with CNG and LNG buses and how they motivated the state to shift to electric vehicles

published on : 21st January 2023

Ethanol blending in petrol saved Rs 41,500 crore in 8 years: Union Petroleum Minister

The ethanol blending in petrol has resulted in forex savings of over Rs 41,500 crore in the past eight years for the country, said petroleum minister Hardeep Singh Puri on Friday. 

published on : 14th January 2023

India will contribute 25 per cent of global demand of ethanol by 2040: Petroleum Minister

The minister further said India increased the number of its crude oil suppliers from 27 countries in 2006-07 to 39 in 2021-22, adding new suppliers like Columbia, Russia, Libya, etc.,

published on : 11th January 2023

Telangana loses crores to fuel peddlers by refusing to cut VAT on diesel

According to M Amarender Reddy, president of Telangana Petrol Dealers Association, around 200 heavy vehicles enter Telangana to deliver diesel here every day.

published on : 2nd January 2023

Residents breathe easy as gas leak plugged in time in Chennai

TNIE looks back at stories that helped change the lives of many for the better

published on : 28th December 2022

Crude oil rose 102 per cent in two years; petrol, diesel up only 19 per cent and 27 per cent

India’s crude basket, which was $43.34 per barrel in November 2020, costs `$87.55 per barrel in November 2022.

published on : 16th December 2022

6 non-BJP ruled states have not reduced VAT on petroleum products: Govt

Six states -- West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala and Jharkhand -- have not reduced the VAT.

published on : 15th December 2022

Centre cuts windfall profit tax on locally produced crude oil, levy on diesel export

The revised tax rates become effective from December 2, 2022.

published on : 1st December 2022

Three Uttarakhand students force hosteler to drink alcohol, strip

The police have registered a case of assault and blackmail against the three suspects. All the students are pursuing BBA from the University of Petroleum and Energy Studies (UPES), Bidhauli.

published on : 1st December 2022

Three BBA students in Uttarakhand strip fellow student, force him drink alcohol & shoot video 

Police have registered a case of assault and blackmailing against the three students.

published on : 30th November 2022

New refinery in Tamil Nadu to boost economic growth in the region

A Joint Venture Agreement has been signed by IOC and CPCL with five seed equity partners recently.

published on : 27th November 2022

Natural gas tariff, authorisation, capacity regulations amended

The petroleum ministry said these amendments will act as stepping stones for implementation of unified tariff regulations which will be effective from April 1, 2023.

published on : 26th November 2022

ONGC to reverse oil, gas output decline; sees 18% jump in production in FY25 

In the current fiscal year (2022-23), crude oil production is slated to rise to 22.823 million tonnes and gas to 22.099 bcm.

published on : 20th November 2022

Its a slug life: the secret skincare routine to never age

Slugging is said to lock in the moisture and, in turn, rejuvenate and revive its youthful lustre.

published on : 20th November 2022

Karnataka fisheries dept proposes to change engine of boats from kerosene to petrol

The department is also keen on following the Goa model where over 90 per cent of the fishermen use petrol.

published on : 14th November 2022

OMCs’ losses mount to Rs 21K crore in first half

Overall, in the first half of the current financial year, the three government-owned OMCs have reported a cumulative loss of Rs 21,400 crore.

published on : 9th November 2022

HPCL reports back-to-back quarterly losses; posts Rs 2,172 crore loss in Q2

Just like HPCL, Indian Oil Corporation - the nation's largest oil firm - too had posted a second straight quarterly loss as state-owned firms sold petrol, diesel and cooking gas at rates below cost.

published on : 3rd November 2022

Festive season propels petrol, diesel demand to highest in four months in October

Industry sources said the ending of extended monsoon rains in most parts of the country and a pick up in agriculture season led to a rise in diesel demand.

published on : 1st November 2022

Saudi, UAE back cuts to oil production as US warns of 'uncertainty'

OPEC and a loose confederation of other countries led by Russia agreed in early October to cut its production by 2 million barrels of oil a day, beginning in November.

published on : 31st October 2022
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