Economic Times
Reliance Industries has opposed annual escalation in petroleum products pipeline tariff, preferring it to be linked to railway freight rates instead.
The state-owned oil marketing company will invest around Rs 50,000 crore in the project for which it is currently evaluating locations in three states
Gail India plans to set up a 1500 KTA ethane cracker project in Madhya Pradesh, with an investment of Rs 60,000 crore. Ethane, a component of natural
The National Company Law Tribunal (NCLT) has allowed KSK Mahanadi Power Company Ltd's committee of creditors (CoC) to invite fresh bids for the compan
Companies intending to establish new liquefied natural gas (LNG) terminals or expand existing ones will need the approval of the downstream regulator,
Assam government has raised petrol prices by Rs 1.02 per litre and diesel prices by Rs 1.01 Chief Minister Himanta Biswa Sarma stated that the state's
Repair efforts are ongoing for a pipeline on a Norwegian gas platform, highlighting the potential for even minor outages to impact European prices. Th
Sweltering heat and policy measures are driving a surge in gas-fired power use in India, with LNG imports set to sharply rise over the next two years.
The petroleum ministry recommended a tenure extension for SM Vaidya, but the prime minister's office rejected it. Speculation arises about Vaidya's fu
Indian Energy Exchange's trade volume grew by 29% in May, with electricity volumes increasing by 21%. The renewable energy certificates (RECs) surged
Earlier in May, the power ministry projected a peak power demand of 235 GW during daytime and 225 GW during evening hours for May and 240 GW during da
OPEC+ has announced an extension of its substantial oil production cuts into 2025, aiming to stabilise the market amid sluggish demand growth, elevate
The present situation is a far cry from July 30 and 31, 2012, when India experienced the world's largest blackout. During that crisis, the northern an
The OPEC+ cartel appears to be shifting away from its pursuit of $100-a-barrel oil, announcing a deal to gradually increase production through 2025. T
The Petroleum and Natural Gas Regulatory Board (PNGRB) has withdrawn notices to declare city gas networks in 54 licensed areas as common carriers, end
OPEC+ agrees to extend deep oil output cuts into 2024 and considers further extension into 2025 to stabilize the market amidst weak global demand grow
India's power consumption surged by 15% to 156.31 BU in May 2024 due to scorching heat, leading to increased use of cooling appliances. Peak power dem
India's top oil and gas producer, ONGC, has reduced helicopter sorties to its offshore installations in the Arabian Sea for three months to prevent de
Centre slashes windfall gains tax on domestically-produced crude to ₹5,200 per tonne from ₹5,700 per tonne effective June 1, 2024. No change in ex
The Ministry of Oil lowered domestic natural gas price to USD 8.44 per mmBtu for June 2024, following a new pricing mechanism. This adjustment aims to
