Union Minister for Petroleum and Natural Gas and Housing and Urban Affairs Hardeep Singh Puri took to X and said that it was the "First Oil" production commenced from the complex and difficult deepwater KG-DWN-98/2 Block, situated off the coast of Bay of Bengal.
According to S&P Global Commodity Insights (GCI), the decision by A.P. Moller-Maersk, one of the world's largest shipping lines, to divert its ships from the Red Sea and the Gulf of Aden to the Cape of Good Hope for "the foreseeable future" heightened apprehensions about the impact on se
However, the outlook for used cooking oil methyl ester (UCOME) faces uncertainty in the European Union (EU), with scrutiny on Chinese biodiesel imports, according to S&P Global Commodity Insights.
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of a Memorandum of Understanding (MoU) between the Ministry of Petroleum and Natural Gas, India and the Ministry of Natural Resources, Guyana, on cooperation in the hydrocarbon sector.
According to S&P Global Commodity Insights, the move is prompted by India's vulnerability to disruptions in the energy supply chain, especially in critical regions like the Red Sea and the Middle East.
In a post on X, the Congress chief claimed that oil companies in the country are earning Rs 8 to Rs 10 profit from the public on every litre of petrol and Rs 3 to Rs 4 profit on diesel.
According to a press release by the S&P Global Commodity Insights, industry participants anticipate that the Trans Mountain Expansion (TMX) pipeline, scheduled to commence commercial operations in the first quarter of 2024, will be a game-changer for Western Canadian oil sands crude expo
New Delhi [India], January 4: Chemcol, a prominent player in the B2B sector since its inception in 2012, introduces its B2C venture in 2023 - an experience marked by the launch of Qquote, a brand dedicated to providing affordable luxury perfumes and authentic natural crystal products.
Investment proposals worth more than Rs 7 lakh crore were inked in a single day, mostly in petrochemicals, oil and gas, in the run-up to the much-awaited Vibrant Gujarat Global Summit.
Senior Superintendent of Police, Khanna, Amneet Kondal told ANI that authorities received information at 12.30 pm that an oil tanker has caught fire after hitting the divider on a flyover.