Italian energy group Eni said on Monday oil production at the El Feel oilfield in Libya had been partially reduced due to a valve closure. “Eni confirms that at the moment El Feel oil production has been partially reduced, following the forced closure of one of the valve stations adjacent to Hamada Station along the […]Continue Reading... No Comments.
Industry stakeholders, government authorities, oil and gas companies, technical experts estimate that about 350 LNG pumps at the cost of around Rs 30-35 billion are required for covering the entire project. In comparison, CNG which is used primarily by vehicles for within city travelling currently has a network of over 1815 retail stations. The plan […]Continue Reading... No Comments.
Resolving gas transmission and distribution infrastructure constraints are one of the industry’s key demands Sector snapshot India is the largest crude oil consumer in the world after China and the US. India consumed 213 MMT of petroleum products and 61 BCM of natural gas in the year 2018-19 Domestic crude oil production declined to 34.2 […]Continue Reading... No Comments.
While certain oil and gas majors have sought to burnish their green credentials, overall less than one percent of the sector’s total investment is going into clean energy projects, a report said Monday. Experts are increasingly worried that that target set in the 2015 Paris accord to limit global temperature rises to “well below” 2C […]Continue Reading... No Comments.
Concerned about the adverse impact of petrol pumps on the environment, the country’s apex pollution control body has directed oil marketing companies to ensure fuel stations are at least 50 metres away from schools, hospitals and residential areas. In a new set of guidelines issued by the Central Pollution Control Board last week, in pursuance […]Continue Reading... No Comments.
Indian oil explorer ONGC Videsh has sold one cargo of Russian Sokol crude loading March 12-18 at a premium of around $8.40 a barrel to Dubai quotes, higher than the spot premium seen earlier this month, three traders said on Thursday * The cargo was likely sold to a Korean buyer, two of the sources […]Continue Reading... No Comments.
Dharmendra Pradhan, India’s Minister for Petroleum and Natural Gas, launched India’s first long distance compressed natural gas (CNG) bus on December 24, 2019 under a strategic program led by Indraprastha Gas Limited (IGL), the largest CNG distribution company in India. The launch ushers in CNG as the fuel of choice for long distance transportation in […]Continue Reading... No Comments.
French energy giant Total SA’s India head Alexis Thelemaque has been appointed as a director on the Board of billionaire Gautam Adani’s gas retailing firm Adani Gas Ltd. The appointment follows Total buying a 37.4 per cent stake in Adani Gas Ltd – the firm that retails gas to automobiles and households for an estimated […]Continue Reading... No Comments.
Indian Oil Corporation is keeping its option open on making an offer for competing public sector oil retailer and refiner Bharat Petroleum Corporation even though the government may baulk at such a move. IOC chairman Sanjiv Singh said the PSU would look at bidding for BPCL as and when the Centre puts it on the […]Continue Reading... No Comments.
India is exploring ways to source crude oil from Russia, Oil Minister Dharmendra Pradhan has said. “We are working on the strategy to diversify our crude oil supply sources and we are now exploring ways to import crude from Russia as well,” Pradhan told a Russian media delegation. Indian refiners have been seeking crude oil […]Continue Reading... No Comments.