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Jaipur, Apr 5 (PTI) Amid heightened geopolitical tensions and uncertainty in global oil markets, Oil India Ltd has significantly ramped up crude production from Rajasthan's Thar desert, achieving a record output of 1,202 barrels per day from the Jodhpur sandstone formation, officials said. The state-run company has increased production by around 70 per cent compared to last year's 705 barrels per day, marking a major milestone in efforts to boost domestic output and strengthen energy security. ...Read More >
New Delhi, Apr 5 (PTI) The Congress on Sunday launched a scathing attack on Prime Minister Narendra Modi over the proposal to increase Lok Sabha seats, saying he is "bulldozing" the move that will work more to the benefit of larger and populous states and is nothing but a "Weapon of Mass Distraction (WMD)". The opposition party also alleged that the prime minister is "hoodwinking" the people of the country and is making misleading statements that are meant to deceive. In a post on X, Congress ...Read More >
Jaipur: Amid heightened geopolitical tensions and uncertainty in global oil markets, Oil India Ltd has significantly ramped up crude production from Rajasthan's Thar desert, achieving a record output of 1,202 barrels per day from the Jodhpur sandstone formation, officials said.The state-run company has increased production by around 70 per cent compared to last year's 705 barrels per day, marking a major milestone in efforts to boost domestic output and strengthen energy security. Officials sai ...Read More >
New Delhi, Apr 1: Onshore oilfield services provider Bvishal Oil and Energy has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of 1.8 crore shares, along with an offer for sale (OFS) of 77.09 lakh shares, according to the draft red herring prospectus (DRHP) filed on Tuesday. IPO structure and fund utilisation The Gujarat-based company plans to use proceeds from the fresh issue for c ...Read More >
New Delhi, Apr 1 (PTI) Onshore oilfield services provider Bvishal Oil and Energy has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of 1.8 crore shares, along with an offer for sale (OFS) of 77.09 lakh shares, according to the draft red herring prospectus (DRHP) filed on Tuesday. The Gujarat-based company plans to use proceeds from the fresh issue for capital expenditure and working ...Read More >
New Delhi [India], April 1 (ANI): Foreign affairs expert Robinder Sachdev has weighed in on the recent US airstrike at Mashhad Airport that struck a Mahan Air aircraft, suggesting the incident was likely a case of "collateral damage" rather than a targeted strike on a humanitarian mission. While speaking to ANI, Sachdev addressed the complexities of striking infrastructure during active hostilities, noting that while airports are strategic, the distinction between military and civilian sites is ...Read More >
New Delhi: The government has raised the administered price mechanism (APM) gas price for state-run producers like state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL) to $7 per mmBtu, up from $6.75 per mmBtu. The revision follows the pricing mechanism that the government had approved in 2023, according to an official notification. The revision applies to gas produced from legacy fields under the regulated pricing regime. APM gas makes up for about 60 per cent of the d ...Read More >
New Delhi/Bengaluru -- Oil prices were little changed on Tuesday as investors weighed the possibility of US President Donald Trump ending the Iran war against supply shocks from a prolonged closure of the Strait of Hormuz, a key artery for global oil flows. Brent crude futures for May were up 18c, or 0.16%, to $112.96 a barrel at 4.38am GMT after dropping 1% earlier in the session. The May contract expires on Tuesday, while the more active June contract was at $107.10. US West Texas Intermedia ...Read More >
NEW DELHI, March 31 : Oil prices were little changed on Tuesday as investors weighed the possibility of U.S. President Donald Trump ending the Iran war against supply shocks from a prolonged closure of the Strait of Hormuz, a key artery for global oil flows. Brent crude futures for May were up 18 cents, or 0.16 per cent, to $112.96 per barrel at 0438 GMT after dropping 1 per cent earlier in the session. The May contract expires on Tuesday and the more active June contract was at $107.10. U.S. ...Read More >
Mumbai, March 31: US President Donald Trump has issued a severe ultimatum to Tehran, threatening the complete destruction of Iran's energy grid and vital infrastructure if a diplomatic resolution is not reached "shortly." In a social media post on Monday, the President warned that the US military is prepared to target electric generating plants, oil wells, and the strategic Kharg Island export hub. The threat follows a month of high-intensity conflict and comes as Iran retaliates with strikes on ...Read More >
NEW DELHI: Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that U.S. President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08%, to $111.56 per barrel at 0210 GMT after rising 2% earlier in the session. The May contract expires on Tuesday and the more active June contract was at $105.76. U.S. West Texas Intermediate futures for May fell 98 cent ...Read More >
NEW DELHI, March 31 : Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that U.S. President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08 per cent, to $111.56 per barrel at 0210 GMT after rising 2 per cent earlier in the session. The May contract expires on Tuesday and the more active June contract was at $105.76. U.S. West Texas Intermediate f ...Read More >
Mumbai: India's main stock indices crashed over 2% on Monday as overseas investors continued their stampede for the exit amid mounting tensions in West Asia, sticky crude prices and a fresh drop in the rupee to record lows, intensifying risk-off sentiment. The BSE Sensex fell 1,635.67 points, or 2.2%, to close at 71,947.55, while the Nifty 50 declined 488.20 points, or 2.1%, to settle at 22,331.40. The sell-off wiped out ₹9.41 lakh crore in market capitalisation on Monday. In the entire FY26, S ...Read More >
BENGALURU, March 31 : Oil prices rose for a fourth day on Tuesday, with Brent crude poised for its largest monthly gain on record and U.S. crude futures set for their strongest monthly increase since 2020, because of supply constraints from the widening Middle East war. Brent crude futures for May rose $2.26, or 2 per cent, to $115.04 a barrel at 0002 GMT, after reaching their highest since March 19 during the prior session. The May contract expires on Tuesday and the more active June contract ...Read More >
NEW DELHI, Mar 30: Amid the escalating West Asia conflict, the Ministry of External Affairs (MEA) on Monday said eight Indian nationals have lost their lives while one remains missing in "various incidents" in the region. Follow the Daily Excelsior channel on WhatsApp At an inter-ministerial briefing here on the West Asia situation, Additional Secretary (Gulf), MEA, Aseem R Mahajan, also said, "Yesterday, an Indian national unfortunately lost his life in an attack in Kuwait." However, he did ...Read More >
Gas production to ramp up as India aims to boost domestic output State-run Oil and Natural Gas Corporation on March 29 successfully commissioned commercial supply of gas from Platform B-12-24P, part of the Daman Upside Development Project (DUDP), in the Arabian Sea, the company said on March 30. The project located about 180 km north west of Mumbai and about 80 km south of Pipavav, Gujarat, incurred a capex of about $1 billion. "This platform has been successfully commissioned, and gas sent t ...Read More >
NEW DELHI: India on Monday launched its first national policy on geothermal energy, joining a growing list of countries betting on subterranean heat to power their clean energy transitions. India's Ministry of New and Renewable Energy said the policy aims to unlock the country's untapped geothermal potential through incentives and regulations. It also encourages repurposing abandoned oil and gas wells and deploying ground source heat pumps for heating and cooling. WHY IT'S IMPORTANT Countrie ...Read More >
New Delhi, Sep 2 (SocialNews.XYZ) Prime Minister Narendra Modi on Tuesday said that the day is not far when India's smallest chip will bring the biggest change in the world. Inaugurating 'Semicon India 2025' in the national capital, the Prime Minister stressed that India is moving beyond just the backend of the semiconductor industry and is now building a full-stack ecosystem to become globally competitive and 'Atmanirbhar'. Addressing the global gathering of industry leaders, innovators, and ...Read More >
ONGC shares: ONGC posted an 18.2% YoY rise in Q1FY26 consolidated net profit to ₹11,554.21 crore, even as revenue fell 3.2% to ₹1,63,108 crore. Standalone profit dropped 10.2% YoY to ₹8,024 crore but grew 24% QoQ, while standalone revenue slid 9.3% YoY to ₹32,003 crore. EBITDA declined 2% YoY to ₹18,657 crore. Shares of state-run Oil and Natural Gas Corporation (ONGC) are set to be in focus on Wednesday after the energy major posted a mixed set of first-quarter earnings, with profit gr ...Read More >
Petroleum and Natural Gas Minister Hardeep Singh Puri on Tuesday reassured that global energy supplies remain adequate despite ongoing geopolitical conflicts that traditionally impact crude oil prices. Speaking on the sidelines of a national seminar in New Delhi, Puri addressed concerns about energy security in the context of heightened global uncertainties. "There are many things that have an impact on crude prices. People say that if there is military conflict somewhere, it will have an impa ...Read More >
The event has brought together energy ministers from various states, top government officials, and industry leaders from the oil and gas sectorSource : pexel Minister of Petroleum and Natural Gas, Hardeep Singh Puri, on Thursday said that he expects the new round of hydrocarbon exploration being launched in India to strike several big Guyana-sized oilfields, particularly in the Andaman Sea. We will drill and explore for more hydrocarbons in an area of more than 2,00,000 sq km under OALP (Open ...Read More >
KOLKATA: An FIR has been lodged against Hasin Jahan, the estranged wife of cricketer Mohammed Shami and Arshi Jahan, Hasin's daughter from her first marriage at Suri in Birbhum district in West Bengal. A few days ago, a conflict erupted over a plot of land in the Sonator area under ward no. 5 of Suri Municipality. The land reportedly belongs to Arshi and it is alleged that neighbor Guddu Bibi was trying to encroach that land. It is alleged that after the construction work started on the land o ...Read More >
New Delhi, Jul 17 (PTI) State-owned ONGC has signed an agreement with global energy giant BP to collaborate on drilling multiple stratigraphic wells in India. This partnership will enhance geological understanding and unlock untapped hydrocarbon potential, strengthening India's long-term energy security, Oil and Natural Gas Corporation Limited (ONGC) said in a post on X. "#ONGC has signed a strategic Memorandum of Understanding (MoU) with @bp_plc on 17 July 2025, to collaborate on drilling str ...Read More >
New Delhi [India], July 7 (ANI): India is trying to develop a full exploration and production (E&P) deepwater technology ecosystem, as the country plans to explore over 2.5 lakh sq km in the Open Acreage Licensing Policy Round 10, Petroleum and Natural Gas Minister Hardeep said on Monday. In a series of posts on X, the Union Minister dubbed Round 10 as one of the largest offshore exploration bidding rounds globally. The Open Acreage Licensing Programme (OALP) provides potential investors with ...Read More >
ONGC, collaborating with CUDD Pressure Control, achieved a significant breakthrough at Well RDS#147A, safely removing the rig substructure and preparing for the crucial snubbing operation. Hydraulic lines were successfully connected to the existing BOP, validating ONGC's technical assessment. Favorable weather and a receding Dikhow River further aided progress, with ONGC optimistic about capping the well by Friday.Oil and Natural Gas Corporation Limited (ONGC) in coordination with international ...Read More >
MUMBAI: Uddhav and Raj Thackeray will hold a joint protest march of their parties here on July 5 against what they allege is the imposition of Hindi in Maharashtra's schools from Class 1 through the new three-language policy. This will be the first time that the two will come together on a political platform after Raj's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a possible reunion of the estranged cousins for the coming civic polls; the protest ma ...Read More >
Dibrugarh: Working tirelessly for 15 days, the Oil and Natural Gas Corporation (ONGC) on Friday finally managed to cap the blowout at their Rudrasagar gas well (RDS-147 A) in Sivasagar, bringing much-awaited relief to the affected region.At dawn, ONGC's Crisis Management Team (CMT), alongside specialists from US-based Cudd Well Control, and local crew, began removal of the damaged Blowout Preventer (BOP) from the wellhead. Once the BOP was safely extracted, a pre-positioned capping stack was met ...Read More >
GUWAHATI: The Oil and Natural Gas Corporation Limited (ONGC) has capped an oil well in its Rudrasagar field in Assam's Sivasagar district from where natural gas was leaking. "ONGC has successfully capped the blowout at 11:15 hours today. This blowout started on 12th June and has been capped successfully within the shortest possible time following all the best practices," Petroleum and Natural Gas Minister Hardeep Singh Puri posted on X. He said the Crisis Management Team (CMT) of ONGC, along w ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside La ...Read More >
Sivasagar, June 27: ONGC has successfully capped the gas leak from its well no 147 at Bhatiapar in Sivasagar district today at 11:15 am, ending a 16-day-long ordeal. The leak, which began on June 12, was brought under control through coordinated efforts by ONGC's crisis management team and international well-control experts, primarily from the United States. Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, confirmed the development through a post on microblogging site, praising ...Read More >
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