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Articles for Oil and Gas

Indian Oil Set To Produce Fuel For Formula 1 Cars

The certification for the special fuel to be used for Formula 1 cars will be done within three months

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Indian Gas Exchange Trades 6.14 Mn MMBTU In Feb, Up 324% MoM

The maximum number of trades are executed in monthly contracts, 62 trades; followed by weekly and fortnightly contracts of 20 and 10 trades respectively

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FPSO Armada Sterling V Aims To Add 7% To India’s Oil Production

"Development of the KG-DWN-98/2 field will potentially reduce India’s annual import bill by up to USD 3.5 billion," the company says in a press release

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Fuel Price Surge: Oil Cos Spike Commercial LPG Rates, Impacting Metro Consumers

The revision in prices comes amid ongoing fluctuations in fuel costs and market dynamics

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Govt Slashes Support To Oil Firms, Postpones Filling Strategic Oil Reserves

The finance ministry posted on X about the outcome of the budget announcements and reported about the reduction of equity assistance and postponement of filling strategic reserves

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India's OPEC Oil Imports Hit Record Low As Russian Barrels Surge In 2023

India, the world's third-largest oil importer and consumer, traditionally relied on nearby Middle Eastern nations to meet the majority of its oil needs, aiming to reduce freight costs

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Oil Companies May Reduce Petrol, Diesel Prices Soon

Officials suggest that a thorough pricing review is imminent, with the OMCs possibly holding profit margins of Rs 10 per litre that could be passed on to consumers

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Major Gas Reserves Discovered By ONGC In Mahanadi Basin

This milestone marks the fruition of ONGC's strategic foray into high-risk deep-water exploration

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