Sector Oil and Gas - Latest news, views and updates

Oil and Gas

Sector

Watch

Oil and Gas

SECTOR | 29 Jul 2025

India's Nayara Cuts Oil Refinery Run Rate After EU Sanctions

NDTV Profit

The lowered operations are due to mounting logistical issues and trading partners turning away from Nayara.

Oil and Gas

SECTOR | 29 Jul 2025

Honolulu lawsuit against fossil fuel firms leads climate change legal fight

Business Standard

Honolulu is not alone in its effort to sue fossil fuel companies to hold them accountable for climate change harms, but the city's lawsuit is further along than similar litigation across the country. A hearing on Tuesday will indicate how these fights play out in court. In 2020, Hawaii's capital city sued major oil companies, including ExxonMobil, Shell and Chevron, arguing they knew for nearly half a century that fossil fuel products create greenhouse gas pollution that warms the planet and changes the climate. The companies have also profited from the consumption of oil, coal and natural gas while deceiving the public about the role of their products in causing a global climate crisis, the lawsuit says. Honolulu's lawsuit blames the companies for the sea level rise around the island of Oahu's world-famous coastline. It also warns that hurricanes, heatwaves and other extreme weather will be more frequent, along with ocean warming that will reduce fish stocks and kill coral reefs tha

Oil and Gas

SECTOR | 28 Jul 2025

Jagatjit Industries Eyes Rs 550-Crore Annual Revenue From New Grain-Based Ethanol Plant In Punjab

NDTV Profit

At full capacity, it could supply up to 65-70 million litres of ethanol per year to Oil Marketing Companies.

Oil and Gas

SECTOR | 25 Jul 2025

Govt plans to bring oil firms' private pipelines under PNGRB oversight

Business Standard

Oil ministry plans to amend the Petroleum and Natural Gas Regulatory Board Act to bring oil firms' captive pipelines under regulatory oversight, enabling third-party access & uniform safety standards

Oil and Gas

SECTOR | 24 Jul 2025

India-Indonesia Sign Three-Year Pact For Food Security Through Sustainable Palm-Oil Trade

NDTV Profit

India imports over 60% of its edible oil requirements, with Indonesia serving as its largest palm oil supplier for more than a decade, according to industry body SEA India.

Oil and Gas

SECTOR | 23 Jul 2025

Oil & Gas Thematic Report Refining: Not a...

Oil and Gas

Prabhudas Lilladhar

companies (NOCs) dominate the global refining sector with 54% market share. Global demand for petroleum products is fading with call on refined products almost flat at 85.9mnbopd in 2030 vs 85.6mnbopd in 2024. This situation would normally call for capacity rationalization. However, the rush to secure domestic availability is expected to lead to expansion of global capacity by 2.6mnbopd through 2030, net of closures of 1.6mnbopd. Almost all of the...

Oil and Gas

SECTOR | 17 Jul 2025

India Downplays Threat Of Sanctions On Russian Oil, Minister Hardeep Puri Points To 'Diversified Sources'

NDTV Profit

Puri said India is also increasing the hunt for finding new deposits of oil within the country and quickly bringing them to production.

India can secure oil from other sources if Russian imports are sanctioned: Oil Minister Puri

Business Line | 17 Jul 2025

Oil and Gas

SECTOR | 15 Jul 2025

Global energy supply adequate despite regional conflicts, says Petroleum Minister

Business Line

Speaking on the sidelines of a national seminar on school education organised by the Council for Social Development, Puri addressed concerns about energy security amid global uncertainties

Oil and Gas

SECTOR | 15 Jul 2025

UP rolls out Gram-Urja model to cut LPG use by 70 pc in rural homes

Business Standard

Uttar Pradesh rolled out the Gram-Urja model to boost energy self-sufficiency and employment opportunities for rural households. The initiative promotes the local production of organic fertiliser and aims to reduce domestic LPG use by 70 per cent, the state government said in a statement on Tuesday. The initiative is being integrated with the Mahatma Gandhi National Rural Employment Guarantee (MGNREGA) scheme, and is planned to directly benefit farmers. Biogas units will be installed near individual households or farms, enabling farmers to produce both cooking gas and organic fertiliser for personal use. This will cut farming costs and improve productivity, the statement added. Rural households will benefit from the construction of personal cattle sheds, and the dung generated will be used in biogas units to produce kitchen fuel. Additionally, farmers can sell the leftover slurry as organic fertiliser to nearby cultivators, creating a new income stream and enhancing self-sufficienc

Oil and Gas

SECTOR | 14 Jul 2025

Data Focus: Over 17 lakh LPG-related complaints filed every year, 58% relate to IOCL

Business Line

The findings, published in the March 2025 report of the High-Level Expert Committee constituted by the PNGRB, expose specific patterns of dissatisfaction across the three state-run firms