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Government in talks with Russian over cut-price oil deal: HPCL
May 20, 2022
Source: TOI

Government in talks with Russian over cut-price oil deal: HPCL

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.

"Pushp Kumar Joshi takes over as CMD of HPCL  "
May 9, 2022
Source: Energy World

"Pushp Kumar Joshi takes over as CMD of HPCL "

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

Natural Gas SME set to invest Rs 600 crore in biogas business
May 4, 2022
Source: Energy World

Natural Gas SME set to invest Rs 600 crore in biogas business

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

India has become an energy transition powerhouse: Francesco La Camera, DG, IRENA
April 29, 2022
Source: Energy World

India has become an energy transition powerhouse: Francesco La Camera, DG, IRENA

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.

"India, Maldives plan transmission interconnection for transfer of renewable power . "
April 27, 2022
Source: Energy World

"India, Maldives plan transmission interconnection for transfer of renewable power . "

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

Oil minister Hardeep Puri says Opposition-ruled states should cut VAT to give relief to consumers
April 23, 2022
Source: Energy World

Oil minister Hardeep Puri says Opposition-ruled states should cut VAT to give relief to consumers

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.

Petrobras’ new CEO pledges to maintain pricing policies
April 15, 2022
Source: The Sundaily

Petrobras’ new CEO pledges to maintain pricing policies

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.

Seven new oil and gas projects approved since IPCC report called for an end to fossil fuels
April 11, 2022
Source: Euro News

Seven new oil and gas projects approved since IPCC report called for an end to fossil fuels

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.

Financials, oil and gas are likely to drive earnings growth in the March quarter
April 11, 2022
Source: Live Mint

Financials, oil and gas are likely to drive earnings growth in the March quarter

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

Indonesia to sue Thailand’s PTTEP over oil spill
April 7, 2022
Source: Energy Voice

Indonesia to sue Thailand’s PTTEP over oil spill

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.

Concerns that further oil increases will negatively affect petrol price
April 5, 2022
Source: SABS News

Concerns that further oil increases will negatively affect petrol price

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.

Oil hunt: Niti Aayog moots Indian funding, foreign expertise
March 31, 2022
Source: Energy World

Oil hunt: Niti Aayog moots Indian funding, foreign expertise

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 seeks to sell 1.5% stake in ONGC
March 30, 2022
Source: Energy Voice

India seeks to sell 1.5% stake in ONGC

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.

Petronas Wins Indonesian Acreage Close To Previous Discovery
March 22, 2022
Source: Rigzone

Petronas Wins Indonesian Acreage Close To Previous Discovery

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 close to clinching oil deal with Russia
March 16, 2022

India close to clinching oil deal with Russia

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.

Rajarshi Gupta to be new OVL head
March 16, 2022
Source: Energy World

Rajarshi Gupta to be new OVL head

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.

Ranjit Rath picked to head Oil India
March 14, 2022
Source: Energy World

Ranjit Rath picked to head Oil India

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

Centre to lose Rs 92,000 cr if excise duty on petrol, diesel is cut to pre-pandemic level: Report
Feb. 26, 2022
Source: Energy World

Centre to lose Rs 92,000 cr if excise duty on petrol, diesel is cut to pre-pandemic level: Report

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

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