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New Delhi [India], April 8 (ANI): The domestic iron ore production sector will require an investment of USD 20-25 billion or more to achieve national steel production targets and ensure self-reliance, according to Vedanta Group Chairman, Anil Agarwal. He noted that this scale of capital expenditure is essential to ramp up production to 800 million tonnes, which is needed to support the overarching goal of producing 300 million tonnes of steel within the country. Agarwal said on X that at the cu ...Read More >
Gail (India) jumped 5.71% to Rs 153.55 after the company said that it has entered into a long-term charter party agreement with Alpha Gas, a leading Greek shipping major, for the LNG carrier "Energy Fidelity." The charter party agreement was executed between GAIL and Pantheon Maritime Services, a Singapore based affiliate of Alpha Gas. The LNG carrier Energy Fidelity, with a cargo capacity of 174,000 cubic meters, is equipped with two-stroke propulsion system, complemented by advanced air lubr ...Read More >
Jaishankar said multiple global shocks have recently tested India's resilience, and that the country has faced both domestic and external challenges successfully. External Affairs Minister S Jaishankar on Saturday said a series of global shocks had recently tested India's resilience, adding that the country has successfully navigated both domestic and external challenges. While speaking at the 15th Annual Convocation of IIM Raipur, Jaishankar said the global order was changing with visible shi ...Read More >
New Delhi [India], April 5 (ANI): Former Indian Ambassador to the UAE, Sanjay Sudhir, lauded "proactive government measures" as India navigates "disproportionate" LPG hit as the conflict in West Asia enters its second month. Speaking with ANI, he sounded a clarion call regarding India's energy security and described the current geopolitical climate as one of total "uncertainty," warning that the effective closure of the Strait of Hormuz has placed one-sixth of humanity at a critical economic cr ...Read More >
NEW DELHI: India has navigated recent global shocks with resilience, External Affairs Minister S. Jaishankar said on Saturday, in a reference to the ongoing conflict in West Asia and its wider economic fallout. In his address at the convocation ceremony of IIM Raipur, EAM Jaishankar said India has managed both domestic and external challenges "fairly successfully" despite an increasingly turbulent global environment. He underlined that the ripple effects of conflicts are now felt far beyond th ...Read More >
New Delhi, April 4 (SocialNews.XYZ) India has navigated recent global shocks with resilience, External Affairs Minister S. Jaishankar said on Saturday, in a reference to the ongoing conflict in West Asia and its wider economic fallout. In his address at the convocation ceremony of IIM Raipur, EAM Jaishankar said India has managed both domestic and external challenges "fairly successfully" despite an increasingly turbulent global environment. He underlined that the ripple effects of conflicts a ...Read More >
Raipur: External Affairs Minister S Jaishankar on Saturday said India has come through solidly from global shocks that recently tested its resilience, an apparent reference to the ongoing military conflict in West Asia. Speaking at the convocation ceremony of IIM Raipur, Jaishankar emphasised that India has managed both domestic and external challenges fairly successfully. He observed that the impact of conflicts on even distant societies has been profound, which is a testimony to the extent of ...Read More >
Raipur, Apr 4 (PTI) External Affairs Minister S Jaishankar on Saturday said India has come through solidly from global shocks that recently tested its resilience, an apparent reference to the ongoing military conflict in West Asia. Speaking at the convocation ceremony of IIM Raipur, Jaishankar emphasised that India has managed both domestic and external challenges fairly successfully. He observed that the impact of conflicts on even distant societies has been profound, which is a testimony to ...Read More >
New Delhi: India's LPG imports in March fell more than 40% compared with the previous two months, opening up a significant supply gap despite increased imports from the US and Iran, show ship-tracking data. In a twist, the US and Iran -- the two countries whose conflict has disrupted LPG flows to India -- helped partly plug the shortfall. The US emerged as India's largest supplier of the fuel in March, while Iran resumed shipments after a gap of nearly seven years. Also Read: India attends UK ...Read More >
New Delhi, Apr 2 (PTI) The government has directed oil refineries to divert a portion of the feedstock normally used for producing cooking gas (LPG) to industries affected by the ongoing petrochemical shortage, which spans sectors from packaging to condom manufacturing. The Ministry of Petroleum and Natural Gas, on April 1, directed refineries to allocate a portion of propylene to the petrochemical industry, which has been severely affected, as most feedstock has been diverted for cooking gas ( ...Read More >
New Delhi , March 31: India's oil sources coming through the Strait of Hormuz are currently being managed through active diplomacy and dialogue, though industry leaders warn that a prolonged West Asia crisis could have far-reaching consequences for the nation's energy security. Speaking to ANI on the sidelines of the PHDCCI's Hydrocarbons Summit 2026 held in Delhi on Tuesday, experts highlighted that while immediate supplies remain steady, the volatility in international markets necessitates a s ...Read More >
Petroleum minister Hardeep Singh Puri said the move reflects a renewed push to unlock domestic resources. "With OALP Round-XI now live, we unlock vast frontiers beneath our land and seas -- powering growth, resilience, and self-reliance," he said. India on Monday opened up 21 oil and gas blocks covering 80,228 square kilometres under a fresh exploration round, even as state-run Oil And Natural Gas Corporation has started gas production from a key offshore project, marking a twin push to boost d ...Read More >
New Delhi, Mar 30 (PTI) The CSIR-Central Road Research Institute (CRRI), New Delhi, and CSIR-Indian Institute of Petroleum (IIP), Dehradun, has developed a technology that can convert crop waste into bio-bitumen, which can help save Rs 40,000 crore on import bills annually for India, said Union Minister Jitendra Singh on Monday. This technology, known as bio-bitumen from lignocellulosic biomass, utilises agricultural biomass, such as rice straw and other crop residues, as feedstock through a th ...Read More >
New Delhi: India is likely to offer 21 blocks for prospecting of oil and natural gas in the next bidding round under Open Acreage Licensing Policy (OALP), Directorate General of Hydrocarbons (DGH) said. The area to be offered for bidding is about 80,235 square kilometers. DGH mentioned a list of the 21 blocks that will be offered in the 11th round of OALP (OALP-XI). The GDH has invited companies to bid for the exploration, development, and monetization of 21 Oil and Gas blocks likely to contain ...Read More >
New Delhi [India], March 12 (ANI): Leader of Opposition in Lok Sabha, Rahul Gandhi on Thursday warned that the ongoing conflict in West Asia and the closure of the Strait of Hormuz could have serious consequences for India's energy security, saying that "the pain has just started." Speaking in the Lok Sabha, Rahul Gandhi said the war involving the United States, Israel and Iran is likely to have far-reaching global and domestic repercussions. He noted that the Strait of Hormuz, through which ne ...Read More >
Mumbai, Dec 16 (PTI) The National Company Law Tribunal (NCLT) on Tuesday approved the Vedanta demerger plan, paving the way for splitting the group into sector-specific entities across aluminium, oil and gas, power, and iron and steel. "The sanction to the company scheme is granted," the Mumbai bench of the tribunal, composed of Charanjeet Singh Gulati and Nilesh Sharma, said. NCLT had reserved the order after hearing the matter in November. Vedanta welcomed the NCLT order pronounced on Tuesd ...Read More >
Mumbai, Dec 16 (PTI) The National Company Law Tribunal (NCLT) on Tuesday approved the Vedanta demerger plan, paving the way for the splitting of the metals-to-oil conglomerate sector-specific entities across aluminium, oil and gas, power, and iron and steel. "The sanction to the company scheme is granted," the Mumbai bench of the tribunal, comprising Charanjeet Singh Gulati and Nilesh Sharma said. NCLT had reserved the order after hearing the matter on November 12. The Ministry of Petroleum a ...Read More >
New Delhi: India plans to require all liquefied natural gas (LNG) import terminals to build 10% extra storage capacity, which the government can tap during supply or price shocks. The oil ministry has issued a draft proposal to amend registration rules for LNG terminals under the Petroleum and Natural Gas Regulatory Board (PNGRB). "An entity seeking registration to operate LNG terminal... shall also have a credible plan for maintaining the storage capacity for LNG," the ministry has proposed i ...Read More >
Jaipur, Oct 26 (PTI) India urgently requires significant hydrocarbon discoveries to meet its future energy needs, said Secretary of Union Petroleum and Natural Gas Ministry, Pankaj Jain, on Sunday. Addressing the 15th Biennial International Conference of the Society of Petroleum Geophysicists here, Jain said the country must pursue bold, time-bound exploration strategies aligned with the National Deepwater Mission to achieve energy self-reliance. "One day, we will be looking at a situation whe ...Read More >
Over the past six months, shares of Stallion India Fluorochemicals, a maker of refrigerants and industrial gases, have soared an astonishing 465%, turning the once-obscure company into one of India's most-watched midcaps. The rally reflects not just investor enthusiasm, but also a deeper shift underway in India's industrial gases and fluorochemicals sector -- one that's becoming critical to modern infrastructure, from data centres to electric vehicles. Much like technology, gases, too, are in t ...Read More >
Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL) has secured a $225.5 million contract from Kuwait Oil Company to build, operate and manage a gas sweetening and sulphur recovery facility at Kuwait's oilfields. The project will be completed in 790 days, followed by five years of operations and maintenance. Indian multi-sector infrastructure firm Megha Engineering & Infrastructures has won a contract worth $225.5 million from Kuwait Oil Company (KOC), it said on Friday. The contrac ...Read More >
Russian crude oil remains the most cost effective option on the global market and Russia's energy ties with India is in tune with New Delhi's national interests, Russian ambassador Denis Alipov said on Thursday. Alipov's remarks came hours after US President Donald Trump claimed that Prime Minister Narendra Modi assured him that New Delhi will stop procuring Russian crude oil. "Russian energy remains the most cost-effective option on the global market, and Russia has consistently honoured its ...Read More >
The Indian Navy is hosting a seminar on cyber threats to the maritime sector, featuring top ministries, defence experts, and start-ups. The event promotes cybersecurity collaboration, indigenous innovation, and secure maritime growth under national development visions New Delhi: With an aim to deepen understanding of cyber threats in the maritime domain, the Indian Navy is organising a seminar here on Thursday. The seminar, titled 'Impact of Cyber Attacks on Maritime Sector and Its Effects on ...Read More >
New Delhi, Oct 16 (PTI) Russian crude oil remains the most cost effective option on the global market and Russia's energy ties with India are in tune with New Delhi's national interests, Russian ambassador Denis Alipov said on Thursday. Alipov's remarks came hours after US President Donald Trump claimed that Prime Minister Narendra Modi assured him that New Delhi will stop procuring Russian crude oil. "Russian energy remains the most cost-effective option on the global market, and Russia has c ...Read More >
Oil India Limited (OIL) has reported a significant natural gas occurrence in its second exploratory well, Vijayapuram-2, within the Andaman Shallow Offshore Block. Preliminary testing confirmed the gas presence, marking a crucial milestone in India's exploration efforts and the first hydrocarbon find in this campaign. Oil India Limited (OIL), a Maharatna company under the Ministry of Petroleum and Natural Gas, on Friday, reported the occurrence of natural gas in its second exploratory well dril ...Read More >
New Delhi, Sep 27 (PTI) Oil India Ltd has discovered natural gas reserves off the Andaman Islands, the state-owned firm said without putting an estimate of the size of the find. In a statement, OIL said "occurrence of natural gas" was reported in the second exploratory well Vijayapuram-2 drilled in the Offshore Andaman Block AN-OSHP-2018/1, which the company had won under the Open Acreage Licensing Policy (OALP). "The preliminary analysis of gas samples, collected during intermittent inflow of ...Read More >
New Delhi: India has found a natural gas reserve off the Andaman and Nicobar Islands. This was confirmed by Union petroleum minister Hardeep Singh Puri. According to the minister, natural gas has been found in the Sri Vijayapuram 2 well at a distance of 9.20 NM (17 km) from the shoreline on the east coast of the Andaman Islands at a water depth of 295 metres and target depth of 2,650 metres. "An ocean of energy opportunities opens up in the Andaman Sea," Puri posted on X. "Initial production ...Read More >
Noida: Oil India Limited (OIL), a Maharatna public sector undertaking under the Ministry of Petroleum and Natural Gas, has reported a significant milestone in its ongoing exploration campaign -- the first confirmed occurrence of natural gas in the Andaman Shallow Offshore Block. The discovery was made in the company's second exploratory well, Vijayapuram-2 (Location OAEA), drilled under the Open Acreage Licensing Policy (OALP) in Block AN-OSHP-2018/1. The announcement was made through an offici ...Read More >
New Delhi [India], September 27 (ANI): Oil India Limited (OIL), a Maharatna company under the Ministry of Petroleum and Natural Gas, on Friday, reported the occurrence of natural gas in its second exploratory well drilled in the Andaman Shallow Offshore Block, marking a significant step in its ongoing exploration campaign. The company, in a press release, said the well, named Vijayapuram-2, was drilled in the Offshore Andaman Block AN-OSHP-2018/1 under the Open Acreage Licensing Policy (OALP). ...Read More >
NEW DELHI: Oil and Natural Gas Corporation Limited (ONGC) on Monday announced the commencement of natural gas sales from the Chinnewala Tibba field, located in Rajasthan's Kutch Onland Exploratory Asset (RKOEA). The field is part of the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, and production began on August 25, 2025. In a press release, the company said that this milestone marks the successful monetisation of the Chinnewala Tibba field and reinforces ONGC's commitment to ...Read More >
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