Page 4 - Twesh Mishra

Oil Ministry launches sixth bid round of Open Acreage Licensing Programme

Centre expects minimum work commitment of $300-400 million immediately

DGH reduces compliance burden on exploration activities in oil & gas blocks

Approvals for three processes that would need to be submitted within 30 days

Oil Ministry holds investor meet for DSF-III, with 32 areas up for bidding

There are 75 oil and gas discoveries with 230 million tonnes of oil equivalent resources

Indian Oil reports 174% spike in Q1 consolidated net at Rs 6,109.69 cr

Expects diesel demand to reach pre-Covid levels by Diwali

Year after Baghjan blowout, oil and gas operations in India much safer

The safety measures have been recommended by a three-member committee of the ministry of petroleum and natural gas

Gujarat fuel pump owners threaten to stop sale and purchases from August 12

Petrol, diesel consumers to be unfazed but CNG to be hit for an hour every Thursday

Oil companies now have 1,607 door-to-door fuel pumps: Petroleum Ministry

Till now door step delivery of fuel has been restricted to diesel because it is considered less volatile and hence safer than petrol

RIL consolidated Q1 PAT falls 7% to Rs 12,273 crore, beats estimate

Exceptional gains in year-ago quarter pulls down profit; O2C and digital services key drivers, retail impacted by lockdowns

New fuel retail outlets may rely on public sector OMCs to build networks

These companies are banking on rising fuel demand predicated on growing vehicle ownership and rising mobility

India in talks with Russia for $2-3 bn investment in upstream oil assets

Tie-ups in Arctic projects also being evaluated

KUSUM wilts under poor planning: Multiple repackaging impacts its success

Multiple repackaging has impacted the success of this four-year-old flagship scheme to de-dieselise agriculture through solar-powered pump sets

Petrol, diesel prices may soften by month-end as Brent stabilises

But prices may remain uncomfortably high for most consumers

ONGC Videsh arm hopes for a turnaround with hike in Russian field output

In 2015, OVL started to set up this utilisation plant to extract the heavier components from Associated Gas and make value-added products

Private participation, few passengers: Host of tests for new rail minister

Completing freight corridors, negotiating land for the bullet train, and speeding up monetisation plans would be some of the major focus areas for Ashwini Vaishnaw

Global energy demand fell beyond predictions in 2020: bp Statistical Review

Drop was most since World War-II; renewable energy deployment zoomed in 2020

After the latest hike, LPG is now costlier than electric cooking in Delhi

A 14.2-kg domestic LPG cylinder costs Rs 843.5 in the national Capital

With no subsidy, cooking fuel burns a hole in consumers' pocket

The subsidy on LPG was done away with and what remained was some freight subsidy, which comes to Rs 20-30 a cylinder

Domestic gas price to be raised by 60% from Oct: ONGC's Subhash Kumar

This will offer relief to exploration companies that have found it hard to sustain profitability in the face of low domestic price

ADNOC and Reliance Industries to set up petrochemical project in Abu Dhabi

Integrated plant will have a capacity to produce 940,000 tonnes of chlor-alkali, 1.1 million tonnes of ethylene dichloride and 360,000 tonnes of PVC annually

Global ambition: Al-Rumayyan's onboarding just the start for RIL

Saudi Aramco will also get a board seat in RIL's newly carved out oil to chemicals subsidiary