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Oil & Natural Gas

Indian Oil’s State of Art, Lubricant Blending Plant inaugurated by Shri Dharmendra Pradhan, Minister of Petroleum and Natural Gas & Steel in Kolkata

Kolkata : Shri Dhamendra Pradhan, Honourable Minister of Petroleum & Natural Gas and Steel, inaugurated New Lube Blending Plant at Kolkata today, in the presence of IndianOil Chairman Shri Shrikant Madhav Vaidya. This new plant is a step towards making India self reliant in its lubricants requirement. With an investment of Rs 142 crores, this […]

Oil & Natural Gas Tech & Industry

Orientbell Tiles’s Hoskote plant goes cleaner, greener with GAIL Gas

Orientbell Tiles, a reputed name amongst the tile manufacturers of the country is one of a kind brand that has not only set standards for better quality tiles but is also moving towards their sustainability goal by stepping in to make the environment clean. Orientbell Tiles in its latest initiative has teamed up with GAIL – […]

Oil & Natural Gas Tech & Industry

GMPF appeals for considering all possible routes for sustainable and immediate resumption of mining operations in the state

New Delhi: Goa Mining People’s Front (GMPF), organisation at the forefront of the on-going fight to protect livelihood of 3, 00,000 mining dependents in Goa hailed Ministry of Mines and coal to bring out visionary and foresighted mining reforms within a very short span of time. Union Minister for Mines had said that these reforms […]

Oil & Natural Gas

Oil falls to lowest since third quarter of 2017

Oil prices today fell to their lowest since the third quarter of 2017, heading for losses of more than 10 percent in a week, as global oversupply kept buyers away from the market ahead of the long festive break. Brent crude prices, in intra day trade today, were trading around 53 dollars and 15 cents […]

Oil & Natural Gas

Oil falls as high inventories outweigh likely OPEC cuts

Global crude oil prices slipped further today, as swelling inventories depressed sentiment despite widespread expectations that OPEC and Russia would agree some form of production cut next week. Both international oil benchmarks, North Sea Brent US crude have had their weakest month for more than 10 years in November, losing more than 20 percent as […]

Oil & Natural Gas

#IGCommodityChat: the murky future of oil

IG presents the next instalment of ‘IG Commodity Chat’ – a series of live discussions focused on commodity markets Our secondchat will look at possible trends in the oil market Presenter Sara Walker will be joined by industry advisor Malcolm Graham-Wood and IHS Markit’s director of oil, Spencer Welch Watch live on […]

Oil & Natural Gas

Govt selects 5 bankers to manage stake sale in IOC

The government has selected five merchant bankers to manage its three per cent stake sale

Oil & Natural Gas

Express Industry demands domestic airlines to cut fuel surcharge

Mumbai : Following the sharp fall in global crude oil prices by nearly 35 percent over the last one year, the Express Industry Council of India (EICI), the apex body of companies providing express delivery services, have asked for an immediate withdrawal of Fuel Surcharge (FSC) levied by domestic airlines. Currently, domestic airlines in India […]

Oil & Natural Gas

Express Industry demands domestic airlines to cut fuel surcharge

Mumbai: Following the sharp fall in global crude oil prices by nearly 35 percent over the last one year, the Express Industry Council of India (EICI), the apex body of companies providing express delivery services, have asked for an immediate withdrawal of Fuel Surcharge (FSC) levied by domestic airlines. Currently, domestic airlines in India charge […]

Oil & Natural Gas

Singapore companies to tap into Asia’s oil and gas growth trends through OSEA

Singapore: The offshore market in the Asia Pacific is expected to see large gains in shallow water gas production, with shallow water drilling forecasted to grow 29 per cent over 2013 to 2020. These numbers bode well for companies serving Singapore’s marine and offshore engineering industry, and they are ready to tap into the opportunities […]