Page-2 of Oil and Gas

Oil Prices plunge by 20% as OPEC fails to make a deal

March 9, 2020

On March 9, 2020, the prices of crude oil plunged by 20% after OPEC to failed to make a deal in making production cuts. Highlights The Saudi Arabia and its major allies like Kuwait, Iraq and UAE initiated to make ..

Month: 

Corona Virus: OPEC to cut oil production largely since 2008 financial crisis

March 6, 2020

On March 5, 2020, the world’s largest oil production nations of OPEC (Organization of Petroleum Exporting Countries) have planned to cut production. This is the deepest oil production cuts since 2008 financial crisis. Highlights The major member of OPEC, Saudi ..

Month: 

Budget 2020: Economic Development-Commerce, Industries and Infrastructure

February 2, 2020

The Union Budget 2020 was presented by the Finance Minister Shrimati Nirmala Sitaraman. The budget was presented under three themes namely Aspirational India, Economic Development and Care Giving. The Economic Development includes industries, commerce and manufacturing. The Finance Minster referred ..

Month: 

Price Restriction on locally produced natural gas removed-To Boost Investment

November 12, 2019

GoI has been reforming the oil and gas sector lately. Steps are being taken to free up pricing of oil and gas sector to scale up oil and gas production and to increase investment in the sector. To achieve this, ..

Month: 

India attends the ADIPEC-Abu Dhabi International Petroleum Exhibition and Conference

November 11, 2019

Minister of Petroleum, Natural Gas and Steel Shri Dharmendra Pradhan will represent India at the ADIPEC-Abu Dhabi International Petroleum Exhibition and Conference between November 10-12, 2019. Highlights During the visit, minister will inaugurate the “India Pavilions” along with members and ..

Month: 

India Energy Modelling Forum

March 16, 2019

Niti Ayog in association with the United States Agency for International Development (USAID) organized the first workshop on the development of the India Energy Modelling Forum (IEMF).  The workshop was organized under the Sustainable Growth Pillar of the India-U.S. Strategic ..

Month: 

India, Israel sign 9 agreements in space, defence, cybersecurity

January 15, 2018

India and Israel have signed nine agreements to boost cooperation in the areas of space, cyber security and oil and gas between both countries. The agreements were signed following delegation-level talks headed by Prime Ministers Narendra Modi and his Israeli ..

Month: 

India, Belarus sign 10 pacts to expand cooperation

September 13, 2017

India and Belaru have inked 10 agreements to expand cooperation in range of areas including oil and gas, education and sports and also decided to explore joint development and manufacture of military platforms. The agreements were signed after extensive delegational levels talks ..

Month: 

CCEA approves survey project of Un-appraised Areas of Sedimentary Basins

September 12, 2017

The Cabinet Committee on Economic Affairs (CCEA) has approved survey project to acquire 48,243 Line Kilometer (LKM) 2D seismic data for appraisal of Indian sedimentary basins where limited data is available. Sedimentary basin is a low area in the Earth’s ..

Month: 

Excellence in India’s Oil and Gas Sector

July 19, 2015

The oil and gas sector is vital to India’s economy. It plays a key role in energy security, economic development, and job creation. Recognising excellence in this sector encourages best practices, innovation, and sustainability. Overview of the Oil and Gas ..