Energy Crossroads
Trade policy has often been used as an instrument of strategic pressure, but when it collides with global energy markets, the consequences rarely remain confined to the intended targets.
Trade policy has often been used as an instrument of strategic pressure, but when it collides with global energy markets, the consequences rarely remain confined to the intended targets.
The Centre has increased export duties on diesel and aviation turbine fuel from June 17 while maintaining existing rates on petrol. Officials said the move is aimed at safeguarding domestic fuel availability.
Businesses will pay more for commercial LPG from June after fresh rate revisions, while the Centre says fuel stocks remain adequate and domestic cooking gas prices are unchanged.
The Uttarakhand government has carried out a major reshuffle in all three corporations of the energy sector.
Presenting the demands for grants in the House, Finance Minister Radha Krishna Kishore said the additional outlay was necessitated by emerging requirements during the current fiscal and the need to accelerate key development works.
According to the statement, ONGC Director (Production) Pankaj Kumar said that the two companies signed the agreement to enable resource sharing for deep-water offshore exploration and production operations on India's east coast, particularly across the Krishna Godavari (KG) basin, as well as Andaman offshore.
The return to profitability in FY 2024-25 contrasts sharply with a PAT loss of Rs 25,553 crore in FY 2023-24 and a much larger loss of Rs 67,962 crore in FY 2013-14, underlining the scale of the improvement achieved over the past decade.
Senior General Manager Sushil Kumar Arjariya said the plant had to be shut because ash removal from the ash pond had been stalled for nearly four months.
The overall LNG volume processed by the Company in the current half year was 449 TBTU, as against the LNG volume processed in the corresponding half year, which stood at 501 TBTU.
Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, said here on Tuesday that oil and gas will continue to play an important role in the energy sector, even as renewable energy becomes the dominant source.
