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India's Storage Opportunity
August 2018
A recent study has claimed that India would overtake China by a wide margin to become the world's leader in renewable energy by 2050.
mjunction wins 5-year e-bidding contract from Directorate General of Hydrocarbons
August 2017
mjunction services limited, India’s largest B2B e-commerce company, has been appointed by the Directorate General of Hydrocarbons (DGH) to build a platform for them to enable e-bidding, e-evaluation of bids, and e-allocation of oil and gas fields.
No alarm due to rising global rise in oil prices | Pradhan
November 2016
Union Oil Minister Dharmendra Pradhan said that they are not alarmed following rise in oil prices in the international market, which has crossed the psychological barrier of $50 per barrel.
India to double LNG import capacity | Pradhan
November 2016
GoI plans to more than double its LNG import capacity to 50 million tonnes in the next one year, Union Oil Minister Dharmendra Pradhan has said. It has a capacity to import 21 million tonnes of the super-cooled fuel currently.
Centre to invest Rs.15,000 cr to expand Panipat refinery
November 2016
The Centre will invest Rs.15,000 crore to increase the capacity of Panipat refinery from existing 15 million tonnes (MT) to 25 MT, Union Oil Minister Dharmendra Pradhan said.
Iraq overtakes Saudi Arabia as India´s top oil seller
September 2016
Iraq has overtaken Saudi Arabia to become India´s top crude oil supplier while Iran has grabbed the fourth biggest exporter slot post lifting of sanctions.
Govt set to start talks on merging 13 state oil companies
September 2016
The government is set to start consultations for an ambitious plan to merge 13 state oil firms to create a giant corporation whose revenue dwarfs global energy major Chevron which competes with US conglomerate General Electric in the Fortune-500 ranking.
Govt could save Rs.2,000 crore on LPG subsidy through sustained LPG price hikes
September 2016
The government could save petroleum under-recoveries to the tune of Rs.910 crore in the current financial year if the price of subsidised cooking gas or Liquefied Petroleum Gas (LPG) is raised by Rs.1.95 per cylinder per month till March 2017.
Centre sticks to GAIL pipeline plan
September 2016
Dashing the hopes of some 2,430 farmers in the western belt of Tamil Nadu, the Union government has categorically ruled out an alternative route for the proposed Kuttanad-Kochi-Mangalore GAIL gas pipeline project.
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