Government NEWS

India is in talks with Russia over a deal to buy oil at discounted rates, the chairman of state-run Hindustan Petroleum Corp said on Thursday, at a time when much of the West is shunning Russian crude over the conflict in Ukraine.

"Joshi, the senior-most director on the HPCL board, was in January picked by the government headhunter PESB to replace Mukesh Kumar Surana. "

Badri Mahapatra, promoter of the firm said, “The investment will be made next year for a pan-India presence in the CBG business.

International Renewable Energy Agency (IRENA) Director General Francesco La Camera speaks on the global and the Indian energy transition story, green hydrogen, the agency's partnership with the Indian Government and the Ukraine crisis.

"Singh appreciated the resolve of Maldives government to achieve net zero emission target by 2030, according to a power ministry statement. "

Puri accused states of “making a killing” by charging ad-valorem rates, which result in high revenues with rising prices, and asked states, ruled by the Congress and other opposition parties, to reduce rates by half.

RIO DE JANEIRO/SAO PAULO: Brazilian state-run oil company Petrobras yesterday formally elected Jose Mauro Coelho as its chief executive for a one-year term, ending weeks of turmoil in which the government struggled to fill the top position.

It’s “now or never,” said the latest report from the Intergovernmental Panel on Climate Change (IPCC) published on Monday. It called on governments to start staving off emissions to save the planet from irreversible climate disaster.

The January-March quarter could be a challenging one for India Inc, with the Russia-Ukraine crisis remaining unresolved. Rising oil and gas, and other commodity prices could provide strong headwinds on margins for manufacturers in most sectors

The Indonesian government is preparing to launch domestic legal action against Thailand’s PTT Exploration & Production (PTTEP) (BKK:PTTEP) relating to economic and environmental damages suffered by local people around Kupang following the 2009 Montara oil spill.

The Automobile Association says fuel price increases announced by the Department of Mineral Resources and Energy on Monday, will keep fuel prices at record high levels.

In a proposal sent to the petroleum ministry for consultation, Niti Aayog has recommended setting up a special purpose vehicle (SPV) for exploration, which will be equally funded by the government and state-run oil and gas companies, according to people familiar with the matter.

India plans to sell as much as 1.5% stake in state-run Oil & Natural Gas Corp., via an offer for sale starting Wednesday, according to an exchange filing.

Malaysia’s state-owned oil and gas Petronas has been awarded new acreage onshore and offshore East Java in Indonesia’s Petroleum Bid Round 2021.

India Business News: India is close to clinching a deal with Russia for buying 3.5 million barrels of its crude at “deep discounts”, people aware of the development told TOI.

Government headhunter Public Enterprise Selection Board (PESB) choose Gupta, who is currently executive director at Oil and Natural Gas Corporation (ONGC), after interviewing six candidates, according to a PESB notification.

Oil India's current chairman and managing director Sushil Chandra Mishra will superannuate on June 30 this year.

The lagged revision in the price of petrol and diesel is expected to be in a range of Rs 6-8 per litre.