Shubhangi Mathur

Oil India to spend ₹15,000 crore over 3 years for drilling deepwater wells

State-run Oil India plans to drill deepwater exploration wells across the Andaman, Krishna-Godavari, Mahanadi and Kerala-Konkan sedimentary basins over three years.

Oil ministry officials meet petroleum dealers body on MDR exemption demand

Petroleum dealers have sought exemption from MDR on UPI fuel purchases above Rs 2,000, warning that the additional transaction cost could put pressure on prescribed dealer margins

Govt rolls out GOBARdhan guidelines, assures full CBG offtake, sets price

Ensures full offtake of CBG plant and introduces a pricing mechanism

Saudi Arabia's pipeline closure raises cost of India's crude haul

Closure of Saudi Arabia's East-West pipeline could constrain routing options for Indian refiners and raise landed crude costs as key transit routes face disruptions

Brics 2026: West Asia tensions, energy supplies may top summit agenda

West Asia conflict and energy security could dominate the BRICS Summit, with members also expected to discuss critical minerals, clean energy, transport and trade

OMCs may be losing ₹5/litre on petrol, ₹23 on diesel as Brent crosses $100

OMCs are losing ₹5 a litre on petrol and ₹23 on diesel as Brent crude crosses $100 a barrel, while escalating US-Iran tensions add to India's energy supply risks

L&T secures up to ₹5,000 cr offshore order for west coast energy projects

The order covers development of the Ratna-I and NLM-14 projects off India's west coast, including new platforms, subsea pipelines and brownfield modifications

India needs to prioritise technology boosting energy security: ONGC chief

ONGC Chairman and CEO Arun Kumar Singh says India must focus limited resources on technologies that address immediate and strategic energy requirements

Indian crude basket tops $100/bbl as Iran-US tensions fuel supply concerns

Rising crude prices are squeezing fuel marketing margins and could widen India's oil import bill, while attacks in West Asia raise concerns over supplies through the Strait of Hormuz

BP names interim chairman Ian Tyler as chair with immediate effect

Tyler, who joined BP's board as a non-executive director in April 2025, has served as interim chairman since May and will take over the role with immediate effect

Govt brings back duty on petrol exports from Sept 1, cuts levy on ATF

Diesel export duty rises to Rs 25 per litre and petrol attracts a Rs 1.5 levy, while the export duty on aviation turbine fuel falls to Rs 19 per litre

India's LPG consumption plunges 16% in Aug; petrol, diesel demand robust

LPG consumption fell 16.15 per cent year-on-year in August amid import pressures, while petrol and diesel demand rose 7.88 per cent and 6.46 per cent, respectively

ONGC to spend ₹1 trillion on deepwater exploration, drill 87 wells

State-run explorer plans to drill 87 deep and ultra-deepwater wells over five years as it seeks to arrest declining domestic crude oil and natural gas production

India's crude import bill rises 41% to $13.7 bn in July on oil prices

Crude import volumes rose 13 per cent to 21.4 million tonnes in July, while the Indian basket price averaged $82.04 a barrel amid supply disruptions in West Asia

Govt offers cheaper gas to CGD firms to accelerate household PNG rollout

Eligible CGD companies will receive an additional 200 SCM of lower-priced domestic APM gas for every incremental billed PNG connection above the specified threshold

Engineers India Q1 net profit rises 55% to ₹108.6 crore, revenue falls

Lower technical assistance and sub-contracting costs supported profitability, while the company's order book stood at Rs 14,424 crore at the end of the June quarter

Petronet LNG awaits clarity on Sep Qatar cargoes amid shipping disruption

QatarEnergy has extended force majeure until August and is yet to give Petronet LNG a definite plan for September supplies; 56 contracted cargoes have been affected

India exports first gasoline cargo to Russia as refinery outages mount

The shipment of around 350,000 barrels arrived on August 5, while two more cargoes are expected by month-end as attacks on Russian energy infrastructure disrupt refining

BP India plans $3-4 bn upstream bets by 2030: Chairman Kartikeya Dube

Among global oil and gas majors, BP has one of the strongest upstream presences in India, with its portfolio spanning exploration, deepwater development and production

Only 4 cases of ethanol contamination reported so far, says Hardeep Puri

Of 2,000 fuel samples collected each day, only 4 cases of fuel contamination have been reported so far, oil minister Hardeep Singh Puri noted