Amid escalating tensions between Israel and Iran, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Wednesday assured that India has sufficient petrol and diesel reserves and that India need not to worry, as it also has enough energy supplies for the coming months.
Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas, on Wednesday assured that there will be no shortage of crude oil and projected stability in fuel prices, despite global uncertainties.
"Conveyed our concerns regarding the Barichuk Gas Blowout incident to Union Minister Hardeep Puri. I have requested him to direct ONGC to step up well control efforts in mission mode so that the situation doesn't aggravate further," Sarma said in a post on X.
Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas, on Tuesday held a meeting with the officials of the Ministry and Chief Managing Directors (CMDs) of India's energy sector Public Sector Units (PSUs) to discuss policy of portability from one OMC to another for the consumers.
In an exclusive interview, Takeshi Shinohara, Managing Director of Osaka Gas India, reflected on the company's journey and expanding role in the Indian energy landscape.
Union Minister for Petroleum and Natural Gas Hardeep Puri reviewed and provided an update on the incident that took place at well number RDS-147 of ONGC's Rudrasagar field on Friday.
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In his 'X' post, Gaurav Gogoi mentioned that the ONGC officials have not been able to find the leak for the past five days, and just before the explosion, a private company was allowed to work in the zone.
Any further escalation in the Middle-East crisis or a sharp rise crude prices could pose a serious risk to earnings, especially for Indian Oil Marketing Companies (OMCs) and gas companies.
Cairn Oil & Gas is preparing to monetise its Shale reserves in Rajasthan and has launched the next phase of Alkali-Surfactant-Polymer (ASP) injection, targeting up to 300 million barrels of recoverable oil from mature fields.
"All necessary fluids and equipment have been mobilised to the site. A comprehensive well control plan has been formulated, and pumping operations commenced following the successful installation and testing of essential connections," the PSU added in the release.