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| 06 December, 2020, 05:48 AM IST | E-Paper
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    Oil & Gas

    ONGC Videsh strikes oil in Colombia block

    ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has made a "significant" oil discovery in an onshore block in Colombia.

    Petrol price at 2-year high of Rs 83 per litre, diesel at 73.32 in Delhi

    This is the highest rate for petrol and diesel since September 2018 and followed the 13th increase in rates since November 20 when oil companies resumed daily price revision after nearly a two-month hiatus.

    Diesel crosses Rs 73-mark, petrol price nears Rs 83 in Delhi

    Petrol price in Delhi rose to Rs 82.86 per litre from Rs 82.66. Diesel rate went up from Rs 72.84 to Rs 73.07 per litre. This is the 12th increase in rates since November 20 when oil companies resumed daily price revision after a nearly two-month hiatus.

    In a statement OIL stated, “Today, after final abandonment of the well, the Emergency Declaration has been withdrawn with immediate effect. All the jobs pertaining to capping, killing and final abandonment of the well was successfully completed in the evening hours on 3rd December 2020.

    Oil India Limited conducts first ever Airborne Gravity Gradiometry and Gravity: Magnetic Survey

    OIL stated To keep abreast with latest technological developments, a technology induction initiative “TECHNOTHON” was institutionalized by OIL. Induction of AGG & GM Survey is an outcome of the inaugural session, Technothon-1 held in December 2017.

    India to see $66 billion investment in gas infrastructure

    Elaborating on India's energy strategy going forward, Dharmendra Pradhan said apart from achieving the renewable energy target of 450 gigawatts (GW) by 2030, India will focus on developing in an integrated manner a gas-based economy, cleaner use of fossil fuels, greater reliance on domestic fuels to drive biofuels and moving into emerging fuels, like hydrogen.

    Exxon Mobil in talks to buy stake in Indian oil, gas fields: Dharmendra Pradhan

    Speaking at a webinar series on 'The Road To Atmanirbhar Bharat' organised by Swarajya Magazine, he said India is looking to replicate the Texas model of raising domestic oil and gas production by involving small and mid-sized companies in exploration and production.

    BPCL receives three preliminary bids, says Oil Minister Dharmendra Pradhan

    "Lot of interest is there," Pradhan said at a webinar series on 'The Road To Atmanirbhar Bharat' organised by Swarajya Magazine. "DIPAM has recently informed market... I think three parties have given EoI for the bidding process."

    India keen on US allowing resumption of oil supplies from Iran, Venezuela: Pradhan

    "As a buyer I would like to have more buying places. I should have more destinations to go for purchasing (oil)," Oil minister Dharmendra Pradhan said.

    India’s oil consumption jump marginally in October indicating mild economic recovery

    India’s domestic consumption of petroleum products increased 1.8% year on year to 4.2 million barrels per day in October 2020, the research said. Although the country’s production and exports declined by about 17% and 35% respectively, the report added.

    India's November diesel sales down 7% y/y, petrol up 5%

    India's November diesel sales down 7% y/y, petrol up 5%

    Diesel consumption, a key parameter linked to economic growth and which accounts for about 40% of overall refined fuel sales in India, totalled about 6.21 million tonnes in November.

    CNG stations at petrol pumps not to be opened for third party access

    CNG stations at petrol pumps not to be opened for third party access

    Petroleum and Natural Gas Regulatory Board (PNGRB) has notified the final regulations, governing open access for city gas distribution (CGD) networks whose marketing exclusivity period has ended.

    Petrol prices witness steep rise following successive rate hikes

    Petrol prices witness steep rise following successive rate hikes

    Since 19th November, petrol prices have risen by Rs 1.28 per litre while diesel prices are up by Rs 1.96 per litre. Petrol sold for Rs 82.34 per litre on Monday in Delhi, the highest since 19th October 2018. Diesel sold for Rs 72.42 a litre, the highest since 16th September this year.

    Petrol price crosses Rs 90 per litre mark in Bhopal

    Petrol price crosses Rs 90 per litre mark in Bhopal

    According to Madhya Pradesh Petrol Pump Owners Associations president Ajay Singh, the rate of VAT on petrol and diesel in Madhya Pradesh is 39 per cent and 28 per cent, respectively.

    Petrol price crosses Rs 82-mark in Delhi, diesel above Rs 72 a litre

    Petrol price crosses Rs 82-mark in Delhi, diesel above Rs 72 a litre

    Petrol price on Saturday crossed Rs 82-mark in Delhi and diesel surpassed Rs 72 a litre after eighth increase in rates in past nine days.

    HPCL reskilling employees in new-age digital tech: Pushp Kumar Joshi, HR Director

    HPCL reskilling employees in new-age digital tech: Pushp Kumar Joshi, HR Director

    "Reskilling of employees in newer digital technologies and web-based collaborative tools will be essential to adapt to the new normal," said Pushp Kumar Joshi, Director, Human Resources, HPCL.

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