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Oil and Gas

SECTOR | 11 Feb 2025

'Energy Transition' Not Outright Replacement, But Shifting Primacy Source: Oil Minister

NDTV Profit

Oil Minister Hardeep Singh Puri said oil and gas will continue to be used in power generation, stabilising grids, industrial hydrogen, and energy storage.

India calls for 'energy transition', sees role of fossil fuels in near term

Business Standard | 11 Feb 2025 3 more

Oil and Gas

SECTOR | 11 Feb 2025

Oil retailers pick 26 PACS to set up retail petrol, diesel outlets: Shah

Business Standard

Oil marketing companies have selected 26 Primary Agricultural Credit Societies (PACS) out of 286 applications for setting up retail petrol and diesel outlets, Cooperation Minister Amit Shah told Parliament on Tuesday. In a written reply to the Lok Sabha, Shah said the government has allowed PACS to operate retail petrol and diesel outlets and LPG distributorship. As informed by Oil Marketing Companies (OMCs), 286 PACS from 25 states and Union Territories have submitted online applications to establish retail petrol/diesel outlets, of which 26 PACS have been selected by OMCs, he said. Under conversion of PACS, Wholesale Consumer Pumps into retail outlets, OMC reports indicate that 116 PACS from five states have agreed to this conversion, and 56 PACS have been commissioned. For LPG distributorship, two PACS have applied for the two advertised locations in Jharkhand. As per the revised guidelines, PACS have been included under Combined Category 2 (CC-2) for retail petrol/ diesel...

Oil and Gas

SECTOR | 06 Feb 2025

Sunflower, soyabean oils gaining market in India over pricey palm oil

Business Line

Palm oil imports down 24 per cent in the first two months of oil year 2024-25

Oil and Gas

SECTOR | 03 Feb 2025

US energy producer Talos set to name Shell's Goodfellow as next CEO, sources say

livemint

TALOS ENERGY-CEO/:US energy producer Talos set to name Shell's Goodfellow as next CEO, sources say

Oil and Gas

SECTOR | 01 Feb 2025

Truck With 60 LPG Cylinders Explodes In Ghaziabad; Four Shops Destroyed, No One Hurt

NDTV Profit

The explosion was caused by a fire around 4 a.m., likely due to friction in the cylinders, officials said.

LPG Price: 19 Kg Cylinder Rates Cut By Rs 7 Ahead Of Budget 2025

NDTV Profit | 01 Feb 2025 1 more

Oil and Gas

SECTOR | 30 Jan 2025

Shell raises shareholder dividend despite 16% profit drop; shares rise

Business Standard

The oil major also announced a $3.5 billion share buyback for the current quarter, making this the 13th consecutive quarter of at least $3 billion of share repurchases

Oil and Gas

SECTOR | 30 Jan 2025

Gail Q3FY25 results: Net profit increases 36% to Rs 3,867.38 crore

Business Standard

State-owned gas utility GAIL (India) Ltd on Thursday reported a 36 per cent rise in net profit in the December quarter after a one-off gain from compensation received from an overseas LNG supplier for non-delivery of committed cargoes. It posted a standalone net profit of Rs 3,867.38 crore in the October-December period of FY25 compared with Rs 2,842.62 crore in the year-ago period, India's biggest gas transportation and marketing company said in a stock exchange filing. Revenue from operations was almost unchanged at Rs 34,957.76 crore with all three major business segments -- natural gas and LPG transportation services, natural gas marketing and petrochemicals -- reporting nearly the same revenues as the previous year. The company had an exceptional income of Rs 2,440.03 crore as compensation received from a former unit of Russian energy giant Gazprom. GAIL had in December 2023 initiated legal proceedings against SEFE Marketing & Trading Singapore Pte Ltd in the London Court of .

Oil and Gas

SECTOR | 27 Jan 2025

Pricely palm oil may lose market share to soft oils, says Asian Palm Oil Alliance chief

Business Line

The edible oil's import into India dropped sharply in Nov-December; shipments this month abysmal'

Oil and Gas

SECTOR | 26 Jan 2025

Energy transition fund in crude oil sector unlikely to make return

Business Standard

Petroleum ministry had requested to reinstate the fund in Union Budget

Oil and Gas

SECTOR | 24 Jan 2025

OMC Q3 Review: Petroleum Minister Praises 'Stellar Profits'

NDTV Profit

However, losses on liquified petroleum gas sales need to be factored in, Petroleum Minister Hardeep Singh Puri told NDTV Profit in an exclusive interaction.