Follow Us on Google News New Delhi, May 31 (IANS) As much as 76 per cent of the total area in India’s sedimentary basin currently being explored for oil and gas has come under active exploration since 2014, Minister of Petroleum and Natural Gas Hardeep Singh Puri has said. Addressing the CII annual business summit … Read more
Follow Us on Google News New Delhi, May 23 (IANS) Government-owned Oil India Limited (OIL) reported a 10.13 per cent increase in net profit to Rs 6,114.19 crore for the financial year ended March 31, 2025, driven by record-high oil and gas production. The upstream oil company achieved its highest-ever total production of 6.71 MMTOE, … Read more
Follow Us on Google News Agartala, May 14 (IANS) In a significant development, the state-owned Oil India Limited (OIL) commenced its exploration and production activities in Tripura by spudding its well at Debtamura in Tripura’s Gomati district, officials said here on Wednesday. An OIL spokesman said that the company’s Resident Chief Executive (RCE), Rupjyoti Phukan … Read more
Follow Us on Google News New Delhi, May 11 (IANS) The Centre’s new draft policy framed for the upstream oil & gas exploration and production sector aims to minimise the environmental impact of mineral oil operations, including gas flaring activities, and closer monitoring of greenhouse gas emissions and flared gas. Routine flaring of gas takes … Read more
Follow Us on Google News New Delhi, May 9 (IANS) The government on Friday reiterated that there is no shortage of essential commodities in the country, and citizens are advised not to panic or rush to the markets to purchase food grains. Union Minister for Consumer Affairs, Pralhad Joshi, emphasised that there are adequate stocks … Read more
Follow Us on Google News New Delhi/Mumbai, May 9 (IANS) Amid rising tensions between India and Pakistan, state-run oil marketing companies Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL) on Friday issued public statements, assuring citizens that the country has sufficient stocks of petrol, diesel and LPG. They urged people not to indulge … Read more
Follow Us on Google News New Delhi, May 5 (IANS) The CBI has arrested two accused, including Deputy General Manager of Oil India Ltd (OIL), Duliajan, Assam and DGM (Sales and Marketing) of private company based in UP’s Noida, for demanding and accepting bribe of Rs 7 lakh to manipulate award of contract work. Searches … Read more
Follow Us on Google News New Delhi, May 1 (IANS) Public sector oil companies on Thursday slashed the price of commercial LPG by Rs 14.50 per 19-kg cylinder while the price of jet fuel for airlines was cut by 4.4 per cent. The price of Aviation Turbine Fuel (ATF) was reduced by around Rs 3,954.38 … Read more
Follow Us on Google News New Delhi, April 29 (IANS) Six oil marketing companies (OMC) in India have invested Rs 290 crore from their Rs 550-crore startup fund — nurturing 303 startups so far — Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Tuesday. The Union Minister said the country continues … Read more
