Private Indian refiners likely to get stake in crude oil reserves

New Delhi: The Government of India might partner with private Indian refiners as it is planning to use the public-private partnership mode for its Rs 100 billion (US$ 1.67 billion)...

Govt to auction 60 small oil, gas fields with potential of 194 mn tonnes

New Delhi: The Union Cabinet has decided to auction 60 oil and gas fields with potential reserves of 194.65 Million Metric Tonnes of oil equivalent (MMtoe) under the second round o...

Govt to auction 55 blocks for oil, gas exploration tomorrow

New Delhi: India is going to auction 55 exploration blocks which cover a total area of 59,282 square kilometre for prospecting of oil and gas under the new Hydrocarbon Exploration ...

PM to attend commencement of work function for Rajasthan Refinery in Barmer, Rajasthan

New Delhi: The Prime Minister of India, Mr Narendra Modi, will be presiding over a function to mark the commencement of work of the 9 MMTPA Rajasthan Refinery in Barmer.

India's fuel demand rose 7.5% in December

New Delhi: Consumption of fuel in India increased 7.5 per cent year-on-year to reach 17.39 million tonnes in December 2017, according to data from the Petroleum Planning and Analys...

Project Commencement of Barmer Refinery to be done by Prime Minister Shri Narendra Modi on 16 January, 2018

New Delhi: The Barmer Refinery project in Rajasthan with a cost of Rs 43,129 crore (US$ 6.8 billion) will be inaugurated by Mr Narendra Modi, Prime Minister of India on January 16,...

Govt plans to set up bio-CNG plants and allied infrastructure

Mumbai: Ministry of Petroleum and Natural Gas is planning to set up bio-CNG (Compressed Natural Gas) plants and allied infrastructure with an investment of US$ 1.09 billion.

India to drive energy demand growth: IEA

New Delhi: India is expected to account for one-third of world's energy demand by 2040 as growth in its oil demand will surpass China after 2025, according to International Ene...