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Petronet LNG signs USD 2.5 billion deal to take stake in US LNG plant

The firm's President and CEO Meg Gentle said, "Petronet, India's largest LNG importer, will be able to deliver clean, low-cost, and reliable natural gas to India from Driftwood."

Petrol price jumps by Rs 1.59/litre, diesel by Rs 1.31/litre after Saudi attacks

Petrol price was on Sunday hiked by 27 paise to Rs 73.62 a litre in the Delhi market -- the benchmark for national rates, according to a price notification by state-owned oil firms.

How Saudi oil attack may impact India, global oil supplies

On September 14, drones attacked the world's largest crude-processing facility operated by Saudi Arabia's Aramco. The drone attack, claimed by Yemen’s Houthi rebels, cut the kingdom’s crude output in half and sent prices soaring by the most in decades.The attack on Saudi Aramco's crude-processing facilities at Abqaiq and Khurais cut output by 5.7 million barrels a day and threw into question its ability to maintain oil exports.Oil minister Dharmendra Pradhan stated that "we are confident that there would not be any supply disruption" as the situation is "closely monitored". However, analysts warned that an extended period of high oil prices could hurt India’s economic growth as it imports 83 per cent of its crude requirement.

Petronet to sign $2.5 billion LNG deal with US developer Tellurian: Sources

The MOU will be signed at an energy forum in the presence of Modi, one of the sources said, declining to be named as he was not authorised to speak with media.

Saudi assures India to meet all oil supply commitments

Pradhan spoke to his Saudi counterpart on phone to discuss its supply plan in the aftermath of a massive attack on the Kingdom's crude oil facilities.

Saudi Oil Min assures Pradhan of meeting all supply commitments

India buys some 200,000 tonnes of LPG every month from Saudi Arabia.

Diversification must for oil security

India remains vulnerable to volatility in the global crude oil market.

After Russia, US hints at oil for India on concessional terms

Diplomatic sources said that supply details would be discussed in detail during the visit of the official Indian delegation to the US stating September 21

Petrol, diesel prices see steepest hike since July 5

Petrol price was increased by 25 paise per litre to Rs 72.42 and diesel by 24 paise to Rs 65.82 in the Delhi market.

Dharmendra Pradhan meets Russian oil giant Rosneft’s CEO in Delhi

Union Petroleum Minister Dharmendra Pradhan met Russian Oil Company Rosneft’s Chief Executive Officer, Igor Ivanovich Sechin, on September 17. While speaking on India and Russia partnership Pradhan said, “Four Indian companies are planning to increase investment in Russian oil field Eastern cluster. (ANI)

India signs pact expressing interest in taking stake in Far East Russian oilfields

Oil Minister Dharmendra Pradhan discussed investment opportunities when he met Igor Sechin, chief executive of Russian oil major Rosneft.

Post Saudi attack, India in talks with Russia to up crude supply

Post Saudi attack, India in talks with Russia to up crude supply

Russia is jostling to capture market share in fast-growing India against rivals Saudi Arabia, Qatar and United Arab Emirates.

ONGC fined Rs 2.05 crore for green norm violation in Assam

ONGC fined Rs 2.05 crore for green norm violation in Assam

The board's order was issued considering violation of environmental laws in six wells of the state-owned energy behemoth in Assam.

Petrol, diesel price see steepest hike since Budget, govt says concerned after Saudi attack

Petrol, diesel price see steepest hike since Budget, govt says concerned after Saudi attack

Petrol price was increased by 14 paisa per litre to Rs 72.17 and diesel by 15 paisa to Rs 65.58 per litre in Delhi.

Saudi Aramco offers alternative crude oil grade to Indian Oil Corp - Source

Saudi Aramco offers alternative crude oil grade to Indian Oil Corp - Source

IOC will receive full allocated volumes from Saudi Aramco in September and October, the source said, declining to be named as he was not authorised to speak with the media.

Delhi EV move may help save Rs 6,000 crore in fuel imports

Delhi EV move may help save Rs 6,000 crore in fuel imports

These vehicles will also help avoid about 159 tonnes of PM2.5 tailpipe emissions, a known cause of respiratory diseases and premature deaths.

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