Global oil and gas prices surged after Iran attacked key Gulf energy facilities, raising fears of prolonged supply disruptions and inflation, while stock markets across the world declined amid heightened geopolitical tensions and uncertainty over economic impact.
Oil marketing companies raised prices of commercial liquefied petroleum gas (LPG) cylinders on March 1, citing fluctuations in fuel costs and market dynamics
Colombo: Amid the ongoing economic crisis, Sri Lanka’s leading liquefied petroleum gas supplier Litro Gas Lanka Limited on Monday said that they are unable to supply gas to domestic consumers until new stocks arrive. Litro Gas chairman Vijitha Herath said only industrial gas stocks are available at the moment and the company asked people not to […]
Moscow: Russia does not intend to engage in charity and export gas to Europe for free, Kremlin spokesperson Dmitry Peskov said while commenting on statements by representatives of Western countries that they will not pay for deliveries in rubles. Peskov also stressed that Moscow was not the initiator of such a development of the situation, […]
These resources actually belong to the nation and they will be monetised by bidding them out to interested entities, Petroleum Minister Dharmendra Pradhan said.
The star, called AG Carinae, is a few million years old and resides 20,000 light-years away inside our Milky Way galaxy. It is estimated to be up to 70 times more massive than our Sun and shines with the blinding brilliance of one million suns.
The auction was held under the liberalised price discovery rules notified by the government that allowed affiliates of the gas producer to bid and buy natural gas.
RIL and BP are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet 15 per cent of India's gas demand by 2023
Speaking at Assocham Foundation Day Week 2020, the Minister said, "On the investments front, we have envisaged a spend of $60 billion in creating gas infrastructure till 2024, including for pipelines, LNG terminals and CGD (city gas distribution) networks.
Sources said that the process of merging ONGC's two oil refining subsidiaries, HPCL and MRPL, will be started immediately after the company completes merging ONGC Mangalore Petrochemical Ltd (OMPL)
