The effective crude oil price paid by India fell again to record of several years to just $33.35 for the second half of December, petroleum ministry said, implying a petrol price of $1.08 to the gallon or Rs 18.95 per liter. In India, the retail price of petrol is around Rs 63 per liter. Crude […]
India’s LNG imports should more than double to 24 million tonnes per annum by 2020 from 10.7 million tonnes in FY2014, Moody’s investor service said, adding that this will benefit GAIL and Petronet NG the most. “The expected surge in imports of liquefied natural gas (LNG) will benefit the country’s leading LNG importer, Petronet LNG […]
A new study released by international oil company Shell have offered some insights into the ‘superstitions’ and myths held by Indians when it comes to trying to increase the fuel efficiency of their cars. “Some of the beliefs revealed through the study were actually wasting fuel rather than helping to conserve it. It becomes pertinent […]
India’s eastern sea coast, which comprises states like Andhra Pradesh, Orissa, West Bengal and Tamil Nadu is more vulnerable to the after-effects of the sea level rise that has been observed in recent years, according to a document with the ministry of earth sciences, India. According to the ministry, the sea level is rising faster […]
ONGC Videsh Ltd, India’s foreign-asset oriented state oil explorer, said it has signed a Production Sharing Contract (PSC) for two offshore blocks with the Bangladeshi government. The production sharing contract, the most important contract between a producer and the host country, was signed for shallow water exploration blocks SS-09 & SS-04 in the Bay of […]
