Petroleum, Oil & Natural Gas
Petroleum, Oil & Natural Gas

The Union government will announce the tenth round of oil and gas exploration under the Open Acreage Licensing Policy (OALP) only after Parliament passes the Oilfields (Regulation and Development) Amendment Bill, 2024, Business Standard reports. The Bill, pending in the Lok Sabha (Lower House), aims to streamline petroleum leases, permit
by Publisher
State-run Bharat Petroleum Corporation Limited (BPCL) is turning to West Asian crude to compensate for a shortage of Russian oil, its Head of Finance, Vetsa Ramakrishna Gupta, told Reuters. The refiner is struggling to secure 8 to 10 million barrels of Russian crude for January with Russian oil now accounting
by Publisher
Following a drop in global oil prices, the government eliminated the 30-month-old windfall profit tax on locally produced crude oil as well as on the export of jet fuel (ATF), diesel and petrol.
by Publisher
India's eight core industries recorded a 3.1% growth in October 2024, up from 2% in September, according to government data. Coal production increased by 7.8%, while crude oil and natural gas output declined by 4.8% and 1.2%, respectively. Petroleum refinery production, which constitutes 28.
by Publisher
The Indian government is engaging with Saudi Arabia to establish two oil refineries in Gujarat and Andhra Pradesh, each with an annual capacity of 10–15 million tonnes, alongside petrochemical facilities. Discussions follow challenges in acquiring land for a proposed 60-million-tonne refinery in Ratnagiri, Maharashtra. The Gujarat refinery is expected
by Publisher
External Affairs Minister S Jaishankar criticised Europe's "selective approach" regarding India's purchase of Russian oil, stating that each region prioritises its own interests. Speaking to Corriere della Sera, Jaishankar questioned why Europe has not completely severed business ties with Russia, if principles are paramount.
by Publisher
The Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said India is set to achieve its 20% ethanol blending target well before the revised October 2025 deadline.
by Publisher
India and Russia’s long-standing partnership is marked by deepening energy, trade, and defence ties. Bilateral trade surged to $65.7 billion, with growing collaboration in emerging sectors like renewable energy and advanced technology.
by Publisher
The Union government will announce the tenth round of oil and gas exploration under the Open Acreage Licensing Policy (OALP) only after Parliament passes the Oilfields (Regulation and Development) Amendment Bill, 2024, Business Standard reports. The Bill, pending in the Lok Sabha (Lower House), aims to streamline petroleum leases, permit
by Publisher

The Union government will announce the tenth round of oil and gas exploration under the Open Acreage Licensing Policy (OALP) only after Parliament passes the Oilfields (Regulation and Development) Amendment Bill, 2024, Business Standard reports. The Bill, pending in the Lok Sabha (Lower House), aims to streamline petroleum leases, permit
by Publisher
State-run Bharat Petroleum Corporation Limited (BPCL) is turning to West Asian crude to compensate for a shortage of Russian oil, its Head of Finance, Vetsa Ramakrishna Gupta, told Reuters. The refiner is struggling to secure 8 to 10 million barrels of Russian crude for January with Russian oil now accounting
by Publisher
Following a drop in global oil prices, the government eliminated the 30-month-old windfall profit tax on locally produced crude oil as well as on the export of jet fuel (ATF), diesel and petrol.
by Publisher
India's eight core industries recorded a 3.1% growth in October 2024, up from 2% in September, according to government data. Coal production increased by 7.8%, while crude oil and natural gas output declined by 4.8% and 1.2%, respectively. Petroleum refinery production, which constitutes 28.
by Publisher
The Indian government is engaging with Saudi Arabia to establish two oil refineries in Gujarat and Andhra Pradesh, each with an annual capacity of 10–15 million tonnes, alongside petrochemical facilities. Discussions follow challenges in acquiring land for a proposed 60-million-tonne refinery in Ratnagiri, Maharashtra. The Gujarat refinery is expected
by Publisher
External Affairs Minister S Jaishankar criticised Europe's "selective approach" regarding India's purchase of Russian oil, stating that each region prioritises its own interests. Speaking to Corriere della Sera, Jaishankar questioned why Europe has not completely severed business ties with Russia, if principles are paramount.
by Publisher
The Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said India is set to achieve its 20% ethanol blending target well before the revised October 2025 deadline.
by Publisher
India and Russia’s long-standing partnership is marked by deepening energy, trade, and defence ties. Bilateral trade surged to $65.7 billion, with growing collaboration in emerging sectors like renewable energy and advanced technology.
by Publisher
India’s economy expanded at a faster-than-expected annual rate of 7.4% in the quarter ended in March, despite mounting global economic uncertainty. Gross domestic product of the fourth quarter of the government’s fiscal year 2025 came in sharply higher than the 6.7% growth forecast by economists in
by Publisher
India, which was ranked tenth in the world in 2014, continues to be the fastest-growing major economy. B.V.R. Subrahmanyam, CEO of India’s state-run think tank Niti Aayog said, “we are the fourth-largest economy as I speak ... and this is not my data. This is IMF [international monetary
by Publisher
If PM Modi licenses SpaceX’s Starlink satellite internet service, India will be risking national sovereignty and security in handing over the keys to its skies to Elon Musk.
by Publisher
Prime Minister Narendra Modi on Wednesday said India is becoming a major maritime power and is being recognised as a reliable and responsible partner in the world. Speaking after the commissioning of three naval warships here, Modi said India has always supported an open, secure, inclusive and prosperous Indo-Pacific region.
by Publisher
Bengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1
by Publisher
A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.
by Publisher
The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money
by Publisher
Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering
by Publisher
India’s economy expanded at a faster-than-expected annual rate of 7.4% in the quarter ended in March, despite mounting global economic uncertainty. Gross domestic product of the fourth quarter of the government’s fiscal year 2025 came in sharply higher than the 6.7% growth forecast by economists in

India, which was ranked tenth in the world in 2014, continues to be the fastest-growing major economy. B.V.R. Subrahmanyam, CEO of India’s state-run think tank Niti Aayog said, “we are the fourth-largest economy as I speak ... and this is not my data. This is IMF [international monetary

If PM Modi licenses SpaceX’s Starlink satellite internet service, India will be risking national sovereignty and security in handing over the keys to its skies to Elon Musk.

Prime Minister Narendra Modi on Wednesday said India is becoming a major maritime power and is being recognised as a reliable and responsible partner in the world. Speaking after the commissioning of three naval warships here, Modi said India has always supported an open, secure, inclusive and prosperous Indo-Pacific region.

Bengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1

A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.

The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money

Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering