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Latest Articles in Oil and Gas

BW Real 500: In Rough Weather

Officials at GAIL believe that the future is going to be exciting for them. They are convinced that some policy initiatives of the government and some strategic thinking done by the top management in the past would ensure that growth remained integral to GAIL

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BW Real 500: Pumping Profits

To beat the demonetisation woes, the ace petroleum company is working to promote cashless payment across its pumps. As per reports, HPCL is planning to invest Rs 1,200 crore in city gas distribution (CGD) to expand network and build infrastructure

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BW Real 500: Riding On Growth

The refining giant, Indian oil corporation (IOC), achieved many major milestones and now looks ahead at expansion plans

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Jairam Ramesh Seeks Sebi Probe Into ONGC's GSPC Stake Buy

Ramesh said it is incumbent upon Sebi to investigate the ONGC-GSPC transaction on behalf of minority shareholders

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Demonetisation To Hold Back India's 2017 Fuel Demand Growth

India's fuel demand growth is expected to slow by as much as 40 per cent in 2017 from last year as a government-induced cash shortage hurts businesses, industry and car sales

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LPG Subsidy: I-T To Inform Oil Min On Taxpayers Earning Over Rs 10 Lakh

The Income Tax department will soon begin sharing personal data - like PAN, residential address and mobile number - of a taxpayer earning over Rs 10 lakh per annum with the Oil Ministry as part of government's initiative to effectively block subsidised cooking gas to higher income groups

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No Petrol, Diesel Price Hike On December 16, Say Oil Companies

PSU oil companies have deferred a planned Rs 2.26 a litre hike in petrol and Rs 1.78 increase in diesel

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India's Diesel Demand Boosts Rare Imports Of The Fuel

A rise in diesel demand is boosting India's rare imports of the industrial and transport fuel, helping to mop up some of the excess supply of the fuel in Asia, traders said on Wednesday

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India's Fuel Demand Rose 12.1% Year-on-year In November

Consumption of fuel, a proxy for oil demand, totalled 16.64 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed

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Oil Prices Soar On Global Producer Deal To Cut Crude Output

Oil prices shot up by 4 per cent to their highest level since 2015 early on Monday after OPEC and other producers over the weekend reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up the market

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Petrol, Diesel Prices May Jump 5-8% Next Quarter On Opec Cuts

Oil cartel Opec's decision to cut production from next month may lead to a 5-8 per cent spike in retail prices of fuel over the next three-four months and massively boost the margins of state-run refiners, says a report

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ONGC To Begin Oil Production From Ratna, R-Series Field In 2019

Production form the fields is targeted to start in 2019 with an output of 10,000 barrels per day initially

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PM Modi Asks Indian Energy Companies To Become MNCs

Pushing Indian energy companies to become multinationals, Prime Minister Narendra Modi on Monday outlined a vision for creating energy corridors to the Middle-East, Central Asia and South Asia, saying stable and reasonably-priced energy is key to economic development

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