Opec cut comfortable for India, says IOCL Chairman B Ashok

Business Standard. December 07, 2016

Indian Oil Corporation chairman B Ashok believes that crude oil prices in the range of $45 to $55 a barrel will be comfortable for India, post the production cut by the Opec.

OPEC deal not to hit govt’s plan to push gas: Pradhan

Times of India. December 07, 2016

The government does not see the OPEC deal for reducing oil production and the resultant rise in crude prices as a spoiler for creating a gas-based economy, oil minister Dharmendra Pradhan said on Tuesday and sought "equitable deals" between LNG producers and buyers.

World’s top LNG importers must ally for ‘equitable’ deals: India

Millennium Post. December 07, 2016

India, the world’s fourth-largest buyer of LNG, wants liquefied natural gas importers like Japan and Korea to join hands to bring more “equitable” trade deals.

Modi taps energy titans

Telegraph Edition. December 07, 2016

Prime Minister Narendra Modi today made a strong pitch for global energy companies to invest in India's oil and gas sectors as the country prepares to roll out a new exploration policy that offers pricing and marketing freedom to operators.

एक साथ आएं च्एलएनजीज् आयातक देश

Virat Vaibhav. December 07, 2016

एक साथ आएं च्एलएनजीज् आयातक देश

एलएनजी सौदों के लिए हाथ मिलाएं आयातक

Rashtriya Sahara. December 07, 2016

एलएनजी सौदों के लिए हाथ मिलाएं आयातक

एलएनजी आयातक सही सौदों के लिए मिलाएं हाथ

Dainik Jagran. December 07, 2016

एलएनजी आयातक सही सौदों के लिए मिलाएं हाथ

India advocates LNG buyers to join hands for ‘equitable’ deals

Pioneer. December 07, 2016

India, the world’s fourth-largest buyer of LNG, wants liquefied natural gas importers like Japan and Korea to join hands to bring more ‘equitable’ trade deals. India and Japan, in September 2013, had set up a multilateral group of buyers for LNG to push for lower prices for the fuel and New Delhi is now seeking other importers to join them.

India wants LNG importers to join hands for ‘equitable’ deals, says Dharmendra Pradhan

Financial Express. December 07, 2016

India, the world’s fourth-largest buyer of LNG, wants liquefied natural gas importers like Japan and Korea to join hands to bring more “equitable” trade deals.

PSUs to invest Rs 3 lakh crore in hydrocarbon sector in 3 years: DIPP secretary Ramesh Abhishek

Economic Times. December 07, 2016

The government expects foreign direct investment in the hydrocarbon sector to pick up but the key driver will continue to be the public sector companies, which will invest Rs 3 lakh crore over the next three years, Department of Industrial Policy and Promotion (DIPP) secretary Ramesh Abhishek said.

Pradhan moots Asian buyers forum to counter OPEC clout

The Hindu. December 07, 2016

Minister of State for Petroleum and Natural Gas Dharmendra Pradhan has mooted the idea of a large Asian LNG buyers forum to negotiate more equitable trade deals and balance the influence of the Organisation of Petroleum Exporting Countries (OPEC).

India bats for energy buyers’ forum

Financial Chronicle. December 07, 2016

India bats for energy buyers’ forum.

Natural gas price to remain low, despite crude oil rally

Business Line. December 07, 2016

Players in the natural gas market believe that gas prices are expected to remain subdued, despite a recent spike in crude oil prices.

Indian Oil’s Salaya-Mathura Pipeline bagged the Oil Industry Safety Award by OISD

Mail Today. December 06, 2016

Indian Oil’s Salaya-Mathura Pipeline bagged the Oil Industry Safety Award by OISD

Oil Minister to OPEC: 'Consider the interests of developing nations’ - With non-OPEC countries also joining in to cut their output by 0.6 Mbpd

Indian Express. December 06, 2016

Oil Minister to OPEC: Consider the interests of developing nations’ - With non-OPEC countries also joining in to cut their output by 0.6 Mbpd, oil prices have jumped nearly 10 percent since

PM NarendraModi asks Indian energy companies to become MNCs

Indian Express. December 06, 2016

PM NarendraModi asks Indian energy companies to become MNCs

Enabling the journey towards a Gas-based economy

Indian Express. December 06, 2016

Enabling the journey towards a Gas-based economy

Modi presses for stable crude oil price

Business Line. December 06, 2016

Prime Minister Narendra Modi has pressed for a rationalised and stable crude oil price to allow developing countries to maximise benefits.

PM sets tone for fuel at reasonable price

Business Standard. December 06, 2016

Prime Minister Narendra Modi in his inauguration speech at the Petrotech Summit on Monday emphasised the need for reasonably priced energy.

PM NarendraModi asks Indian energy companies to

Millennium Post. December 06, 2016

Pushing Indian energy companies to become multinationals, Prime Minister Narendra Modi on Monday outlined a vision for creating energy corridors to the Middle-East, Central Asia and South Asia, saying stable and reasonably-priced energy is key to economic development.

Prime Minister Narendra Modi with Mos(IC)

The Asian Age. December 06, 2016

Prime Minister Narendra Modi with Mos(IC)

Prices to spike with OPEC output cut

Economics Times . December 06, 2016

Prices to spike with OPEC output cut

Indian energy firms must become multinational: PM

Tribune. December 06, 2016

Indian energy firms must become multinational: PM

२०४० तक अर्थ ब्यबस्ता पांच गुना होगा

Hinduatan . December 06, 2016

२०४० तक अर्थ ब्यबस्ता पांच गुना होगा

२०४० तक अर्थ ब्यबस्ता पांच गुना होगा :प्रधान मंत्री

Amar Ujala . December 06, 2016

२०४० तक अर्थ ब्यबस्ता पांच गुना होगा :प्रधान मंत्री

The Future is a low carbon economy : Indian Oil Chairman Ashok.

Business Line. December 05, 2016

What will be the role of Petrotech-2016.In developing the landscape of the oil and gas Industry.

धर्मेंद्र प्रधान ने पेट्रोटेक २०१६ का किआ उद्घाटन

Punjab kesari. December 05, 2016

धर्मेंद्र प्रधान ने पेट्रोटेक २०१६ का किआ उद्घाटन

पेट्रोटेक २०१६ आज से

Rajasthan Patrika. December 05, 2016

पेट्रोलियम और प्राकृतिक गैस मंत्रालय की और से अयुजित पेट्रोटेक -२०१६

With a view to accelerate efforts to empower women in the oil & gas sector.

Pioneer Edition. December 05, 2016

With a view to accelerate efforts to empower women in the oil & gas sector

Spritual teacher Brahma Kumari to deliver special lecture at Petrotech 2016.

Business Line. December 05, 2016

Spritual teacher Brahma Kumari to deliver special lecture at Petrotech 2016

Bringing together hydrocarbon sector across the value chain.

Business Line. December 05, 2016

Bringing together hydrocarbon sector across the value chain

पेट्रोटेक में होगा ब्रह्माकुमारी का

December 05, 2016

पेट्रोटेक में होगा ब्रह्माकुमारी का

India needs to increase domestic oil and gas production.

The Hindu. December 05, 2016

Modi said “Our current account deficit has improved steadily, we will provide electricity to all by March 2018.”

11% increase in global GDP if every country worked on gender gap: Women leaders @PETROTECH-2016 .

Press Information Bureau.December 05, 2016

With a view to accelerate efforts to empower women in the oil & gas sector, a pre-conference to PETROTECH-2016 was organised today at Vigyan Bhawan, New Delhi.

Shri Dharmendra Pradhan inaugurates Petrotech - 2016 Exhibition.

Press Information Bureau. December 05, 2016

Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan today inaugurated the Petrotech 2016 Exhibition at Pragati Maidan, New Delhi.

Will continue putting infrastructure ahead of demand : B Ashok.

Business Standard. December 05, 2016

Country’s biggest fuel retailer Indian Oil is well placed to sustain leadership position in its core areas of refining & marketing.

PETROTECH 2016 to focus on energy choices and challenges .

Business Standard. December 05, 2016

PETROTECH-2016,the 12th InternationalOil& GasConference & Exhibition,is being organised by the Ministry of Petroleum & NaturalGas,Government of India,at New Delhi.

India eyes slew of deals at Petrotech meet.

Live Mint. December 05, 2016

As the world’s third largest energy consumer working towards becoming a gas-based economy, India is emerging as a destination where global oil and gas companies meet to explore long-term business opportunities.

Bringing together hydrocarbon sector across the value chain.

Business Line. December 05, 2016

Will the 12th edition of Petrotech-2016 remain just a legacy event or will Minister of State (Independent Charge) Dharmendra Pradhan be able to strike some deals — as a consumer and strengthen the country’s energy security?

Preliminary Expression of Interest for crude filing in ISPRL , Padur Strategic Storage facility invited.

Press Information Bureau. December 01, 2016

The Integrated Energy Policy of India approved by the Cabinet in 2008 states that “A reserve equivalent to 90 days of oil imports should be maintained for strategic cum buffer stock purposes and/or buy options for emergency supplies from neighboring large storage such as those available in Singapore.

GAIL innovates new simple method of gauging air quality.

Millennium post. December 01, 2016

The ‘Hawa Badlo’ movement is a people’s initiative to fight air pollution which is supported by GAIL (India) Limited . Hawa Badlo team has been actively working towards educating the masses with alerting statistics against air pollution through short films like ‘Time Bomb’ & ‘Air Seller’.

Solar power tariff tests new low of Rs 3 per unit.

Times of India. December 01, 2016

The new record came from Gurgaon-based Amplus Energy Solutions in a Solar Energy Corporation of India's (SECI) auction of rooftop solar power projects and beats the previous low of Rs 4 per unit for a solar park in Rajasthan by a quarter.

Shri Dharmendra Pradhan Inaugurates Workshop on Startup India.

Business Standard. November 29, 2016

A workshop on creating an innovation ecosystem for Start Ups in the oil and gas sector was held in New Delhi today. Shri Dharmendra Pradhan, Minister of State (Independent Charge) for Petroleum and Natural Gas was the Chief Guest on the occasion.

Ministry of Petroleum and Natural Gas and Ministry of Skill Development and Entrepreneurship sign MoU to boost to skill initiatives in the Hydrocarbon Sector.

Khabar India . November 29, 2016

The Ministry of Petroleum & Natural Gas (MoPNG) and Ministry of Skill Development & Entrepreneurship (MSDE) here today signed a Memorandum of Understanding (MoU) to scale up skill development initiatives in the Hydrocarbon and allied sectors among other areas of cooperation.

ONGC plans to invest $10-15 billion in East Coast.

Business Standard. November 26, 2016

Public sector petroleum company Oil and Natural Gas Corporation (ONGC) is planning to invest $10-15 billion in East Coast.

L&T hydrocarbon to roll out 1-km long steel pipelines.

Business line. November 26, 2016

L&T Hydrocarbon Engineering and McDermott, a global oil and gas contractor, have come together to establish a first-of-its-kind facility in India capable of fabricating kilometre-long pipelines in oil and gas fields.

GAIL will have 16,000 km of pipeline network by end of 2020.

Economic times. November 25, 2016

State-run gas marketer GAIL IndiaBSE 3.71 % will increase its pipeline network by a third in the next four years as it embarks on connecting more cities with cleaner fuel and will spend Rs 20,000 crore on this, Chairman BC Tripathi tells ET 's Sanjeev Choudhary in an interview.

Indian Oil plans $5.5 bn expansion of refinery co-owned by Iran.

Money Control. November 24, 2016

An Indian Oil Corp unit plans to invest USD5.5 billion to gradually raise the capacity of its smallest refinery co-owned by Iran to 300,000 barrels per day (bpd), its chairman said, to help meet a surge in demand for refined products in the world's fastest growing major economy.

Dharmendra Pradhan says oil & gas block fields to be awarded by end-2016.

Financial Express. November 23, 2016

The discovered oil and gas fields, whose auction ended on Monday, would be awarded by December-end, petroleum minister Dharmendra Pradhan told FE.

42 companies submits 134 e-Bids under Discovered Small Fields Bid Round 2016.

Khabar India.November 22, 2016

In line with Prime Minister, Shri Narendra Modi’s Vision for reduction of the India’s oil imports by 10% by 2022, Ministry of Petroleum of Natural Gas (MoPNG) announced Discovered Small Field (DSF) Bid Round 2016 on 25th May 2016, offering 46 contract areas across 9 sedimentary basins, for development.

Guidelines for Development of Onshore Wind Power Projects.

Press Information Bureau.November 22, 2016

Ministry of New & Renewable Energy (MNRE) issued draft guidelines for development of onshore wind power projects in May 2016. After consultation with stakeholders MNRE issued final Guidelines on 22 October 2016. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines in a written reply to a question in Rajya Sabha today.

14.30 GW RE Capacity added during last two and half years under Grid Connected Renewable Power.

Business Standard.November 22, 2016

A capacity addition of 14.30 GW of renewable energy has been reported during the last two and half years under Grid Connected Renewable Power, which include 5.8 GW from Solar Power, 7.04 GW from Wind Power, 0.53 from Small Hydro Power and 0.93 from Bio-power.

Rs 67.01 Crore Sanctioned under Solar City Programme.

Business Standard.November 22, 2016

A total amount of Rs. 67.01 crore has been sanctioned for preparation of master plans, solar city cells, promotional activities and installation of renewable energy projects and an amount of Rs. 24.16 crore has been released, so far, under Solar City Programme.

We want to produce half of India’s oil.” says Anil Agarwal.

Khabar India.November 20, 2016

Anil Agarwal, the chaiman of Vedanta Plc, is a London-based billionaire. In this interview with The Hindu, he talks about investing more than Rs 1 lakh crore in India.

Numaligarh refinery becomes first oil PSU to achieve 100% e-invoicing.

Business Standard.November 20, 2016

Assam-based Numaligarh Refinery Limited (NRL) has become the first public sector oil company in India to completely do away with manually signed hard-copy invoices and replacing them with digitally signed ones.

GAIL (India) second quarter net profit more than doubles to Rs 924 crore.

ET Energy world.November 16, 2016

New Delhi: GAIL (India) Ltd, India’s largest natural gas transmission utility, today reported its net profit in the second quarter current financial year more than doubled on account of other income from sale of stake in Mahanagar Gas (MGL).

HPCL posts a profit of Rs 701 crore in Q2

Business Standard.November 16, 2016

State-run Hindustan Petroleum Corporation Ltd (HPCL) has posted a net profit of Rs 701.32 crore for the second quarter of the financial year ended on September 30, compared to a net loss of Rs 317.13 crore for the corresponding period of the previous financial year.

NTPC , IOCL & Indian Railways among 32 companies named ‘healthy workplaces’

Rail News.November 11,2016

New Delhi: Thirty-two companies from various sectors across the country, including Indian Railways were today named ‘Healthy Workplaces’ 2016 by a global body working to prevent non-communicable diseases through education and lifestyle change

First LNG fuelled bus in the country launched by Shri Dharmendra Pradhan in Kerala.

Khabar India. November 9,2016

For the 1st time in the Country, an LNG fuelled bus has been launched today by the Minister of Petroleum & Natural Gas, Shri Dharmendra Pradhan in the presence of Chief Minister of Kerala, Shri Pinarayi Vijayan at Thiruvananthapuram.

PM Shri Narendra Modi will inaugurate India’s flagship biennial international oil and gas conference and exhibition, PETROTECH-2016 on December 5.

Press Information Bureau. November 7, 2016

Prime Minister Shri Narendra Modi will inaugurate India’s flagship biennial international oil and gas conference and exhibition, PETROTECH-2016 on December 5.

NEW DELHI. IOC's Gujarat Refinery completes 50 years.

Business Standard. October 19, 2016

India Oil Corporation's Gujarat Refinery, which completed 50 years of operations today, said it has invested Rs 1,330 crore to upgrade its systems to supply BS-IV fuels from next year.

Bangalore . Shri Dharmendra Pradhan Dedicates To The Nation HPCL Green R& D Centre at Bangalore .

Energy Infra Post. October 19, 2016

Union Minister of State (I/C) for petroleum and natural gas Dharmendra Pradhan dedicated the new Green R&D Centre of state-owned HPCL in Devengunthi, Bengaluru to the nation on 14th October, 2016.

Shri Dharmendra Pradhan meets Dr. Emmanuel Ibe Kachikwu, Minister of State for Petroleum of Nigeria; discuss the significant potential in diversifying the engagement of two countries in the hydrocarbon sector.

Khabar India. October 18, 2016

The Minister of State (I/C) for Petroleum & Natural Gas, Shri Dharmendra Pradhan met his Nigerian counterpart Dr. Emmanuel Ibe Kachikwu, Minister of State for Petroleum in New Delhi today. Dr Kachikwu is on a three days official visit to India.

Oil Ministry proposes Rs 300-crore fund to promote start-ups in clean energy space.

Business Line. October 17, 2016

The Petroleum Ministry plans to promote start-ups in clean energy space with a Rs. 300-crore fund with resources raised mainly from oil marketing, research and development companies.

Govt grants BP Plc license to set up petrol pumps in India.

Economic times. October 17, 2016

Government has formally granted a licence to BP Plc, Europe's third-biggest oil company, to set up 3,500 petrol pumps in India, making it the 10th company to enter the lucrative fuel retailing sector.

India, Russia to study construction of gas pipeline costing $25 billion.

Hindustan Times. October 17, 2016

India and Russia have agreed to explore building the world’s most expensive pipeline that can cost close to $25 billion to ferry natural gas from Siberia to the world’s third largest energy consuming nation.

Global Crude oil price of Indian Basket was US$ 50.00 per bbl on 12.10.2016.

Press Information Bureau. October 14, 2016

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 50.00 per barrel (bbl) on 12.10.2016.

PetroFed signs MoU with TERI to undertake a study on Climate Change Risks.

Business Standard. October 14, 2016

PetroFed, an apex society of entities in the Hydrocarbon sector, today signed a Memorandum of Understanding (MoU) with TERI to undertake study on Climate Change Risks: Preparedness for Oil and Gas Sector".

NEW DELHI. India aims to double LNG import capacity to 50 mn tonnes a yr.

Energy Economic Times. October 14, 2016

India plans to more than double its annual LNG import capacity to 50 million tonnes in the next few years, Oil Minister Dharmendra Pradhan said today.

NEW DELHI. BPCL plans to spend $6.8 billion on refinery expansion by 2022.

Energy Economic Times. October 14, 2016

India's Bharat Petroleum Corp Ltd plans to spend $6.75 billion through 2022 to raise refining capacity by 62 percent to meet rising fuel demand in the world's fastest growing major economy, a company official said.

BHUBANESWAR. ONGC to survey Mahanadi basin for oil, natural gas.

The Times of India. October 14, 2016

Oil minister Dharmendra Pradhan on Wednesday launched the national seismic programme at Taranga village in Balasore's Soro block.

NEW DELHI. Indian Oil to lay India's longest LPG pipeline.

Economic Times. October 13, 2016

State-owned Indian OilBSE 1.16 % Corp (IOC) plans to lay the nation's longest LPG pipeline from Gujarat coast to Gorakhpur in eastern Uttar Pradesh to cater to growing demand for cooking gas in the country.

NEW DELHI. India gets first Iranian oil parcel for emergency reserves.

ET Energy World. October 13, 2016

India has received the first parcel of Iranian oil to partly fill its strategic storage in southern India, Mangalore Refinery and Petrochemicals Ltd, which imported the very large crude carrier (VLCC), said on its website.

NEW DELHI. Solar projects see surge in corporate funding in Q3.

The Times of India. October 13, 2016

Solar projects in India secured major financing deals as corporate funding of such projects rebounded in the third quarter of the current financial year, rising to nearly $3 billion in 45 deals globally against $1.7 billion in 32 deals in the second quarter.

100 schools could soon be powered by the sun.

Khaleej Times. October 07, 2016

By 2020, 100 schools in Dubai could become solar schools. As a result, 200,000 families will be contributing towards the Dubai Clean Energy Plan 2050.

Aadhar mandatory for subsidised LPG.

Business Standard. October 07, 2016

Subsidised liquefied petroleum gas (LPG) cylinders will now be available only those who have with Aadhaar cards.

New Delhi. Sri Lanka to build 100,000 bpd refinery with India’s IOC.

Live Mint. October 07, 2016

Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp, a top Sri Lankan official said on Thursday, a move that strengthens New Delhi’s engagement with Colombo.

NEW DELHI: Railways plans to set up 1,000 Megawatt solar power generation capacity.

Economic Times. October 07, 2016

Indian Railways plans to set up 1,000 Megawatt of solar power generation capacity over the next six years in a move aimed at ramping up the share of renewables in its total energy use to 10 per cent.

Shri Dharmendra Pradhan meets Sri Lankan Minister for Petroleum Resources Development.

Khabar India. October 07, 2016

Minister of State (I/C) for Petroleum & Natural Gas, Shri Dharmendra Pradhan, met with his Sri Lankan counterpart Mr Chandima Weerakkody, Minister of Petroleum Resources Development in New Delhi today.

Participants of Rio Olympics belonging to Petroleum PSUs felicitated

Khabar India. October 07, 2016

Players and coaches, who participated in the Rio Olympics, and are employees of Public Sector Oil and Gas Companies, were felicitated in a ceremony at New Delhi today.

Sh. Dharmendra Pradhan meets his Bangladesh counterpart Mr Nasrul Hamid.

Energy Infra post. October 06, 2016

Both Ministers discussed the status of various Indian proposals that have been shared with the Bangladeshi side, including the setting up of LPG import terminal at Chittagong by Indian Oil and its onward transportation by road to Tripura bottling plant and onshore LNG Terminal by Petronet LNG in Kutubdia Island near Chittagong.

Oil India Limited signs Memorandum of Understanding with University of Houston. October 06, 2016

Oil India Limited (OIL), an Upstream Oil & Gas PSU,with intent of augmenting its reserves base and maximising recovery from itsagingoilfieldshas entered into a MoU with the University of Houston, one of the leading universities on oil & gas of the world. The MoU was signed on 5th October 2016 in presence of Shri Dharmendra Pradhan, Hon’ble Minister of State (I/C), Petroleum& Natural Gas at New Delhi.

India Energy Exchange records highest ever power trade of over 3 billion units in September.

Zee Business. October 06, 2016

The Indian Energy Exchange (IEX) on Wednesday said that its platform registered a record high trade reaching 3.63 billion units (BU) in September with an average price of Rs 2.43 per unit of electricity.

Petrotech 2016 will focus on Latin American energy cooperation.

Business Standard. October 05, 2016

India will hold the 12th edition of Petrotech international conference here December 5-7 with a focus on Latin American countries, a senior official said on Monday.

3-day Petrotech 2016 to be held at New Delhi from December 5 to 7.

Millennium Post. October 05, 2016

Petrotech 2016, the 12th International Oil and Gas Conference and Exhibition, will be organised by the Ministry of Petroleum and Natural Gas at New Delhi from 5th to 7th December, 2016.

NEW DELHI. Indian Oil lines up Rs 18,000 cr to raise Panipat refinery capacity.

The Economic Times. October 05, 2016

Indian OilBSE -0.58 % Corporation, the nation's largest oil firm, plans to invest Rs 18,000 crore to raise capacity of its Panipat refinery in Haryana to 25 million tonnes (mt) by 2020, larger than previously planned.

CHENNAI. Solar power capacity crosses 8,500 MW: Mercom.

Business Line. October 05, 2016

The total installed capacity of solar power in the country has crossed 8,500 MW as of September 30, 2016, according to Mercom Capital Group, a global clean energy communications and consulting firm.

Bharat Petroleum plans Rs 1,000 crore terminal on west coast to import LPG.

Live Mint. October 05, 2016

State-run Bharat Petroleum Corp. Ltd (BPCL) is planning to build a terminal on the west coast to import liquefied petroleum gas (LPG), two company officials aware of the development said.

KOLKATA. Haldia Petchem looks at fuel retailing after financial turnaround .

Hindustan Times. October 05, 2016

Haldia Petrochemical Ltd (HPL), once on the verge of being declared ‘sick’, has seen a turnaround like none other in the past one year. And now the country’s second largest petrochemical facility is gearing up for opening fuel retails stores across West Bengal.

NEW DELHI. Oil ministry okays fuel retailing licence for Haldi Petrochemicals. FE..

The Financial Express. October 04, 2016

The petroleum ministry has given its go-ahead for the proposal by Haldia Petrochemicals to start retailing of transportation fuels. The government’s nod comes within a month of the company submitting its application for the business.

ONGC to invest $5.1 billion in four years in east coast oil gas asset.

The Times of India. October 01, 2016

Oil and Natural Gas Corporation will invest 340.12 billion rupees ($5.11 billion) in four years to develop cluster 2 of east coast deepwater block, the company said in a tweet on Friday.

New Delhi. Oil India announces Rs 50-cr start-up fund.

Business Standard. October 01, 2016

State-run Oil India Ltd has announced a Rs 50 crore OIL start-up fund to foster, nurture and incubate new ideas related to oil and gas sector.

KOLKATA. Petroleum consumption to grow by 6% in India: Moody's.

Economic Times. September 27, 2016

Petroleum consumption in India is likely to grow by about 6 percent in 2017-18, but this is not enough to fully offset slowing growth in China said Moody's in a report on Asian refining and marketing industry.

BPCL to set up green bio-fuel refinery.

ET September 26, 2016

The BPCL(Bharat Petroleum Corporation Limited) -Kochi Refinery will set up a green biofuel refinery to produce ethanol at Kochi by converting agricultural and municipal waste.

ONGC Board approves pact to take stake in GSPC gas block.

Economic Times. September 26, 2016

The Board of state-owned ONGCBSE -0.54 % has approved signing of a preliminary agreement for buying a stake in Gujarat government firm GSPC's KG basin gas block.

IndianOil and USTDA sign an agreement to promote cleaner Fuels in INDIA.

Energy Infra Post. September 24, 2016

The U.S. Trade and Development Agency and India’s largest commercial organisationIndianoil will jointly work to explore cleaner fuels.

BPCL Kochi Refinery set to become world-class: DharmendraPradhan.

Financial Express. September 24, 2016

BPCL Kochi Refinery is all set to become a world-class refiner with crude oil processing capacity of 15.5 MMTPA, Union Minister DharmendraPradhan said today.

IOC GAIL MOU for Dharma LNG terminal.

The Times of India. September 23, 2016

Indian Oil, Gail and Adani Group are forming a joint venture for developing a LNG terminal at Dharma port in Odissa. An official said that Indian Oil would pick up 39% stake in the JV while Gail would pick up 11% stake and the rest will be with Adani Group.

Solar projects in Maharashtra receive Rs 4.42 per unit bid.

The Economic Times. September 23, 2016

The proposed 450 mw grid connected solar projects in Maharashtra under National Solar Mission has received lowest bid of Rs 4.42 per unit and nine other companies submitted bids of Rs 4.43 per unit.

NEW DELHI. IOC, GAIL to sign pact to take 49% stake in Adani project.

Business Standard. September 20, 2016

State-owned refiner Indian Oil Corporation (IOC) and GAIL India will sign a pact on Wednesday to take 49 per cent stake in Adani Group's Rs 5,000-crore Dhamra LNG project in Odisha.

NEW DELHI .GAIL doubles capacity of UP petrochemical complex.

Business Standard. September 20, 2016

State-owned gas utility GAIL India Ltd today said it has begun production from a new 400,000 tons polyethylene plant, helping double capacity of its Pata petrochemical complex in Uttar Pradesh.

Petroleum ministry moots market price for CBM gas.

Financial Express. September 14, 2016

In a boost to hydrocarbon exploration firms Reliance Industries (RIL) and ONGC, the petroleum ministry has proposed to offer market price for natural gas produced from the coal bed methane (CBM) blocks. RIL is targeting to start production of CBM from its Sohagpur (West) block in Madhya Pradesh in FY17, while state-run ONGC is developing the Bokaro block in Jharkhand.

Global oil surplus to persist into first half of 2017: IEA.

Business Standard. September 14, 2016

A sharp slowdown in global oil demand growth, coupled with ballooning inventories and rising supply means the crude market will be oversupplied at least through the first six months of 2017, the International Energy Agency said on Tuesday.

India’s start-up ecosystem is amazing: Linkedin CEO.

Mint e-paper. September 14, 2016

Linkedin wants to digitally map the global economy and the Microsoft deal made all the sense in the world, Linkedin’s chief executive officer Jeff Weiner said. In an interview, Weiner comments about the Microsoft deal and Microsoft chief executive Satya Nadella’s promise of maintaining Linkedin’s autonomy.

From oil to toil.

The Economist. September 10, 2016

AT City Centre mall, Bahrain’s largest, Bahrainis buy, while foreigners operate the tills. Michelle is from the Philippines, and lowers her voice to explain why there are so few Bahrainis working alongside her. “They are lazy,” she says. Whereas she needs to work hard to keep her job and the visa that goes with it, they can do whatever they want, which isn’t much.

State-run oil firms to form JV for jet fuel.

Business Standard. August 31, 2016

State-run oil marketing companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) are set to form a joint venture to manage fuelling facilities at all airports controlled by the Airports Authority of India (AAI) by the end of this year. AAI is also likely to be an equity partner in the JV.

Geopolitics of oil and the dollar.

Business Standard. August 31, 2016

Ever since Saudi Arabia unleashed the "oil weapon" after the 1973 Yom Kippur war and seriously damaged the US economy, I have always wondered why it did not take over the Saudi oilfields by force.

Diesel vehicles ban: Auto industry lost Rs 4,500 cr in 8 months.

Financial Express. August 31, 2016

As a result of the ban on registration of new diesel vehicles with 2-litre engine by the Supreme Court in December 2015, the automobile industry suffered a loss of R4,500 crore in the last eight months, according to Vinod Dasari, managing director of Ashok Leyland and president of Siam.

IOC announces Rs 1.80-trn investment plan.

Business Standard. September 14, 2016

Announcing its plan of investing Rs up to 1.80 trillion across verticals in next six years,state-run Indian Oil Corporation today said it also is talks with foreign entities to co-invest in the investment that includes setting up a mega refinery in coastal Maharashtra.

Foreign firms may pick up stake in coastal refinery project: IOC Chairman.

Business Line. September 14, 2016

Foreign oil companies may take a stake in the ₹1.80 lakh-crore coastal refinery project in Maharashtra to be set up by the State-run oil PSUs. The project will require about 15,000 acres, said Indian Oil Corporation (IOC) Chairman B Ashok on Wednesday. He was addressing the media after chairing the AGM of the company.

IOC plans to double the refining capacity by 2030.

Business Today. September 05, 2016

Indian Oil Corp (IOC), the nation's largest oil company, plans to nearly double refining capacity to 150 million tonnes by 2030 to meet fast expanding energy needs of the country, its Chairman B Ashok said.

IndianOil to Add 24 Million Tonnes of Refining Capacity by Brown field Expansion.

Millennium Post. September 02, 2016

"These expansions will be carried out concurrent to the projects currently underway, to supply BS-IV and BS-VI compliant auto fuels across the country, from April 2017 and April 2020 respectively," said Director (Refineries) Sanjiv Singh.

IOC, HPCL, BPCL to form joint venture for managing jet fuel sales .Business Standard.

Business standard. August 31, 2016

State-run oil marketing companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) are set to form a joint venture to manage fuelling facilities at all airports controlled by the Airports Authority of India (AAI) by the end of this year. AAI is also likely to be an equity partner in the JV.

BPCL joins hands with corp for waste-to-energy project.

Indian Express. August 31, 2016

Public sector oil company Bharat Petroleum Corporation Ltd (BPCL) on Tuesday signed an agreement with the Kochi Corporation for setting up a waste-to-electricity project at Brahmapuram near here.

IOC to continue importing two LNG cargoes a month. Business Line

Business Line. August 31, 2016

Indian Oil Corp (IOC) will continue importing at least two liquefied natural gas (LNG) cargoes a month after the expansion of the Dahej import terminal on west coast, a top company executive said.

ONGC gets Energy & Environment Foundation Global Sustainability Award

Times of India. August 29, 2016

ONGC bagged the prestigious "Energy and Environment Foundation Global Sustainability Award 2016" in Gold Category. The award was received by Jai Singh, GGM-Chief, Carbon Management & Sustainability Group on behalf of ONGC.

Iraq to sell oil through Iran if talks with Kurds fail.

Business Standard. August 30, 2016

Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters.

IndianOil energises quarterly profit by 25.46% to '8,269 cr.

Millennium Post. August 30, 2016

State-owned Indian Oil Corp on Monday said the company’s highest first-quarter profit at Rs 8,268.98 crore was on the back of robust petrochemical margins and inventory gains, as it also declared a 1:1 bonus share.

IOC's oil import from Iran increases 4-fold to 5 MT for FY17.

Firstpost. August 30, 2016

Indian Oil Corp, the nation's biggest oil firm, has raised crude oil import from Iran to four fold and has cleared most of the past payments as sanctions against the Persian Gulf nation were eased.

Crude oil: Light at end of tunnel.

Business Standard. August 29, 2016

Crude oil prices crashed during 2015 and made lows of $26 a barrel for the WTI crude and $29 a barrel for Brent crude, mainly due to the glut in supply.

Indian Oil Q1 net rises 31% on improved margins from petrochem business.

Business Line. August 29, 2016

Indian Oil Corporation reported a 30.9 per cent increase in its net profit for the first quarter of fiscal 2016-17 at ₹8,628.98 crore against ₹6,590.83 crore in the same quarter last year.

IOC's Gujarat refinery to invest Rs.1,330 cr to make cleaner fuel

Business Line. August 26, 2016

In a bid to achieve 100 per cent Bharat Stage-IV (BS-IV) fuel production, Indian Oil Corporation Ltd (IOCL), will invest around Rs.1,330 crore in two phases, to complete the conversion from BS-III to a cleaner fuel by the end of this year.

Coal India to invest Rs 7,765 crore in FY'17 for capex.

Financial Express. August 26, 2016

Coal India will invest around Rs 7,765 crore towards capital expenditure in the ongoing fiscal and Rs 5,069 crore in various projects, including railway infrastructure, super critical thermal power plant and solar power.

Oil marketing firm see huge opportunity in small LPG cylinder

Live Mint. August 26, 2016

Indian oil marketing companies (OMCs), both public and private, have identified a big opportunity in marketing small cylinders of liquid petroleum gas (LPG), in view of growing demand from migratory populations as well as a government push to increase penetration of LPG.

Oil bounces on speculation of Iran supporting Opec freeze action

Live Mint. August 24,2016

Oil prices rose on Tuesday, reversing early losses, after Reuters reported Iran was sending positive signals that it may support joint Organization of the Petroleum Exporting Countries (Opec) action to prop up the market.

Cheap drinking water from the sun

Financial express. August 22, 2016

When vegetarian captains of industry in Chennai want to relish Chinese food, they usually opt for Golden Dragon restaurant at Taj Coromandel.

HPCL to set up Asia's biggest LPG bottling plant in West Bengal: MK Surana, CMD.

Economic Times. August 17, 2016

MK Surana, CMD, HPCLBSE -0.15 %, in an interview with ET NOW, speaks about his plans for setting up Asia's largest bottling plant, oil demand and government's LPG push.

Oil & gas sector may see up to Rs 3L-cr investments by 2022.

The Financial Express. August 17, 2016

India's oil and gas sector could see investments to the tune of R2.5-3 lakh crore by 2022 to unlock 10-15 trillion cubic feet (tcf) of natural gas resources, said Sashi Mukundan, head of the hydrocarbon committee for industry body CII.

High oil stocks bring volatility and uncertainty.

Live Mint. August 17 2016

Crude oil prices lost just under 20% of their value in the last month and the single biggest force acting on them have been stocks, particularly US gasoline stocks, which have proven to be very resilient.

The 'next big thing' in energy.

BusinessLine. August 17, 2016

Last fortnight, Solar Energy Corporation of India (SECI), the government-owned company tasked with development of the solar energy sector in the country, issued a tender for 100 MW that the successful bidders would set up in the solar park at Kadapah, Andhra Pradesh.

Gas Glut Upends Global Trade Flows as Buyers Find Leverage

Bloomberg. August 16, 2016

The market for liquefied natural gas is about to attract more players and more trading as new supply from the U.S. and Australia strengthens buyers’ bargaining power.

Investments in hydrocarbon exploration, production to kick off in 18-24 months

BusinessLine. August 16, 2016

Investments in the oil and gas exploration and production sector is expected to restart over the next 18-24 months as the policy environment has improved, according to Sashi Mukundan, Chairman of Confederation of Indian Industry’s National Committee on Hydrocarbons.

The real battle against air pollution lies beyond the diesel cars frontier.

Hindustan Times. August 16, 2016

GRAMMARIST.COM says the phrase, wits' end, comes from the King James Version of the Holy Bible. "They reel to and fro, and stagger like a drunken man, and are at their wits' end." The verse speaks about people who go back and forth in their devotion to God.

India to save Rs 20,000 crore from new gas import deal with Qatar: Narendra Modi.

Asian Age. August 15, 2016

India will save as much as Rs 20,000 crore as it has renegotiated a long-term gas import deal with Qatar, Prime Minister Narendra Modi said on August 15.

6900 km gas pipelines to connect Bangladesh, Myanmar, India.

Economic Times. August 14, 2016

AGARTALA: The government has ambitious plan to lay 6,900 km of gas pipelines linking Bangladesh, Myanmar, most north-eastern states, and West Bengal, ONGCBSE -0.43 % Executive director S.C. Soni said here.

ONGC sets up Rs 100-cr fund for start-ups.

The Hindu. August 14, 2016

State-owned Oil and Natural Gas Corp (ONGC) today said it has set up a Rs. 100-crore start-up fund to nurture new ideas related to the sector.

Oil gains OPEC plans

Financial Express. August 09, 2016

Crude oil gained after OPEC's president said the group will hold informal talks in Algeria.

Oil market on path to rebalancing, OPEC monitoring situation

The Economic times. August 08, 2016

Qatar's energy minister said on Monday the oil market is on the path to rebalancing despite the recent decline in global oil prices, adding that the exporting group was in continuous talks to stabilise the market. "

Essar Oil guns for 7% of retail fuel market

Financial Express. August 08, 2016

Ruias-promoted Essar Oil, which is currently negotiating to sell a 49% stake in the 20-mtpa refinery in coastal Gujarat, is also investing nearly Rs 1,600 crore to boost revenues and make more products by processing dirtier crude oil.

Plan to double Vadinar capacity, but after we have a strategic investor

Economic times. August 08, 2016

Essar Oil has undertaken an investment of Rs 1,600 crore to upgrade its Vadinar refinery, aimed at an additional earning of $1.50 a barrel on it gross refining margin

MRPL targets to expand market for polypropylene

Business Line. August 07, 2016

Mangalore Refinery and Petrochemicals Ltd (MRPL), which is planning to expand market for polypropylene, is targeting to sell around 0.44 million tonnes (mt) of polypropylene a year.

Castrol India: higher volume, profit margin ensure a good drive

Live Mint. July 29, 2016

Investors cheered Castrol India Ltd’s June quarter results, with the stock going up 6% in the past two trading days.

Indian Oil Corp to introduce pre-booking of slots at petrol pumps to avoid congestion

The Economic Times. July 28, 2016

You may soon be able to avoid queues at petrol pumps by pre-booking your slot, or pay for the fuel without reaching for your wallet or card. Indian Oil CorporationBSE 2.01 %, which accounts for nearly half of all filling stations in the country, is planning to offer customers these conveniences shortly.

around the world in 139 days without fuel Khaleej Times

Khaleej Times. July 26, 2016

"The night was turbulent and it was difficult for Bertrand Piccard to sleep."

Big beat in refining earnings in Q1 but helped by one-offs

The Financial Express. July 25, 2016

Reliance reported a large beat in Q1 earnings against our and consensus estimates, mainly on account of higher GRM of $11.5/barrel.

Driving autonomous vehicles in India is the ultimate test

The Hindu. July 24, 2016

As chief information officer of Daimler, Jan Brecht is in charge of IT innovation at the world's biggest commercial vehicle manufacturer and the parent of Mercedes-Benz.

Oil 'Astrologer' predicts Bears till August 18

Economic Times. July 21, 2016

The man who accurately predicted four market crashes to the exact date recently told Business Insider about his calender prediction for when oil prices would start to significantly slump again.

Opec activity and its impact on local markets

Khaleej Times. July 13, 2016

The sharp drop in the price of oil since June 2014 has turned the world's attention to the Organisation of the Petroleum Exporting Countries and its role in stabilising the oil market.

7 Indian companies on Fortune's list

Business Standard. July 22, 2016

Seven Indian companies have made it to the latest Fortune 500 list of the world’s biggest corporations in terms of revenue, with the retail giant Walmart topping the global rankings.

Countdown to Cleaner Emissions

Fortune India. July 2016

An almost arbitrary decision to leapfrog fuel standards has managed to disrupt two large industries - oil and auto manufacturing.

Can RIL sustain double digit growth in gross refining margin?

Live Mint. July 20, 2016

Reliance Industries Ltd (RIL) comfortably beat analysts’ projections to record a sterling refining margin in the June quarter. Will it sustain that performance?

India, US agree to enhance cooperation on hydrocarbons

Business Line. July 19, 2016

Minister of State (Independent Charge) for Petroleum and Natural Gas Dharmendra Pradhan, and US Secretary for Energy Ernest Moniz, agreed to enhance technical and institutional cooperation specific to hydrocarbons and energy, according to an official statement issued here on Tuesday.

Reliance Industries clubs petrol pumps with retail arm

Economic Times. July 18, 2016

Billionaire Mukesh Ambani-led Reliance IndustriesBSE -1.55 % (RIL) has rejigged its fuel retail business to hive off the fuel retail outlets owned by the company and merge them with its organised retail arm as part of its strategy to develop retail offerings at these petrol pumps.

Crude on a slippery slope

Business Line. July 17, 2016

In January this year, when the deepening of its nearly two-year rout saw crude oil sink like a stone to below $30 a barrel, it was tough to imagine that a sharp recovery was around the corner.

Spend Smart: Electrify your daily drive

Business Line. July 17, 2016

Planning to buy an eco-friendly car that can cut down your petrol bills? Then, e-vehicles (EV) that don’t guzzle fossil fuel to power your ride can fit the bill.

Mideast oil and gas sector faces wider cyberattacks

Gulf News. July 13, 2016

Concerns about cybersecurity are particularly high within the oil and gas industry, which faces a far wider spectrum of threats that are potentially more severe in comparison to other key industries.

Petroleum ministry readies plan to run long distance trucks on CNG

Financial Express. July 12, 2016

After rolling out two wheelers running on compressed natural gas(CNG), the petroleum ministry has chalked out a plan to encourage fleets of long distance trucks to use gas as fuel.

Indian Oil: Fuelling growth

Business Line. July 11, 2016

Indian Oil, the country's largest public sector oil refiner and marketer, had a good 2015-16 fiscal year.

India signs five agreements with Tanzania

The Hindu. July 11, 2016

Seeking to enhance its ties with resource-rich Tanzania, India on Sunday extended its full support to the country to meet its development needs and signed five agreements, including one for providing a Line of Credit of $92 million in the water resources sector.

Booms and busts in oil prices

Live Mint. July 11, 2016

Oil prices have been excessively volatile since the mid-2000s, ranging from $147 in 2007 to $30 in 2015, with sharp swings in between.

Russia offers Indian firms stake in Yamal LNG project

Business Standard. July 11, 2016

Russia has offered Indian oil companies a stake in the second phase of Yamal LNG, the biggest project to produce liquefied natural gas in the Arctic.

Petronet aims to setup terminal in Sri Lanka, eyes Narendra Modi govt push

Financial Express. July 11, 2016

Petronet LNG, India,s biggest player in liquefied natural gas, is planning to set up a re-gassification terminal in Sri Lanka as part of a strategy to expand its footprint outside the country.

Indian Oil Corp looks to translate big ambitions into action; top honcho explains

Financial Express. July 08, 2016

India's largest refiner and marketing firm Indian Oil Corporation (IOC) is aggressively looking at buying equity in oil and gas projects.

Oil down 3% after US reports crude drawdown within forecasts

Live Mint. July 08, 2016

Oil prices fell nearly 3% on Thursday, reversing early gains after the US government reported a weekly crude draw that was within analyst forecast disappointing the market bulls who had expected larger declines.

IOCL bets on petrochemical, gas marketing portfolios for growth

Live Mint. July 08, 2016

Petrochemical and gas marketing is the next big bet IndianOil Corp. Ltd (IOCL) is taking in a bid to expand its business beyond the core of refining and marketing.

US trade deficit widens in May as oil prices lift import bill

Gulf News. July 06, 2016

The US trade deficit widened more than expected in May as rising oil prices helped to push up the import bill and exports remained constrained by the lingering effects of a strong dollar.

Mergers that play to the UAE’s core strengths

Gulf News. July 06, 2016

The UAE has created an industrial powerhouse with assets of $135 billion for the global energy markets and easily outstripping other contenders in the same space.

Automakers offer to pay 1% environment cess

Hindustan Times. July 05, 2016

The Centre on Monday asked the Supreme Court to lift the ban on registration of diesel vehicles of over 2000 cc engine capacity

Government urges Supreme Court to relax ban on diesel vehicles, offers to buy old ones from 2017

Economic Times. July 05, 2016

The government on Monday urged the Supreme Court to relax its ban on registration of diesel vehicles above 2000cc in the Delhi-NCR

Pay 1% interim cess to sell big diesel car: SC

Economic Times. July 5, 2016

The Supreme Court on Monday gave a clear indication of lifting the seven-month-long ban on sale of diesel cars and SUVs with engine capacity of 2000cc or more in the National Capital Region by accepting in principle auto majors' offer to voluntarily deposit an interim green cess of 1% of the vehicle's ex-showroom cost.

After NSG rebuff, India falls back on fossil fuels for energy security

Live Mint. July 4, 2016

After the failed attempt to join an exclusive group of 48 countries that control the trade in nuclear material and equipment, India is now falling back on its quest for more fossil fuel reserves.

NRL has emerged as the largest manufacturer and marketer of wax in India

HT Correspondant. July 4, 2016

Numaligarh Refinery Ltd (NRL) reported a 70% rise in net profit in 2015-16 to reach an all-time high of ' 1,222 crore.

US drillers bring back rigs as oil market seen stabilising

Gulf News. July 03, 2016

Shale drillers brought back the most oil rigs of any week this year as confidence in a stabilised market is prompting talk of expansion throughout 2016.

India to get $1 billion funding from world bank

Financial Express. July 1, 2016

The World Bank on Thursday said it would extend $1 billion (around Rs 6,700 crore) to support solar power generation programmes in India.

Oil will still head to $10 a barrel

Economic Times. June 30, 2016

Back in February 2015, the price of West Texas Intermediate stood at about $52 per barrel, half of its 2014 peak (West Texas Intermediate crude climbed 2.7% to $49.17 a barrel on Wednesday).

Renewable energy to soon get a separate trading platform

Business Standard. June 28, 2016

With the increasing share of renewable energy (RE) in the grid and the likelihood of it disturbing the existing power systems, the government is preparing a separate power trading platform.

Key study links air pollution to over six million deaths

The Hindu. June 28, 2016

A sobering report released on Monday by the International Energy Agency says air pollution has become a major public health crisis leading to around 6.5 million deaths each year, with "many of its root causes and cures" found in the energy industry.

India top destination for R&D investments; beats US, China

Business Line. June 27, 2016

India's transformation into a global R&D hub is epitomised by the strides the country is making in attracting R&D investments in the electronics and IT segment, beating the likes of US and Germany.

CNG retrofits for scooters launched

Hindustan Times. June 24, 2016

Scooter owners in the national Capital will now be able to convert their petrol and diesel run vehicles to CNG.