Oil and Gas Sector Current Affairs, GK & News
President Trump visit to India: 2 MoUs and 1 Letter of Cooperation signed
On February 24, 2020, the US President Donald Trump visited India along with his wife Melania Trump. On the sidelines of his visit, agreements were signed in the field of health, oil and defence. Highlights In the Defence Sector, 3 billion USD worth deal was signed to buy helicopters. The Memorandum of Understandings were signed ..
Month: Current Affairs - February, 2020
Category: International / World Current Affairs
Topics: CDSCO • India-US • Memorandum of Understanding (MoU) • Mental health • Oil and Gas Sector • Pharmaceutical Sector • USFDA
Five oil PSUs sign JV pact for N-E Natural Gas Pipeline Grid
Five central oil PSUs – IOCL, ONGC, GAIL, OIL, and NRL have signed agreement for executing 1500 Km North-East Natural Gas Pipeline Grid. It is a major initiative to connect all North-East States to National Gas Grid. It will be implemented under Centre’s ambitious Urja Ganga Gas Pipeline Project. Terms of Agreement Joint Venture (JV) ..
Month: Current Affairs - July, 2018
Topics: Five central oil PSUs • National • North-East Natural Gas Pipeline Grid • Odisha • Oil and Gas Sector • Urja Ganga
India hosts 16th International Energy Forum (IEF) Ministerial Meeting
India, world’s third-largest energy consumer after US and China hosted 16th International Energy Forum (IEF) Ministerial Meeting from 10-12th April 2018 in New Delhi. It was formally inaugurated by Prime Minister Narendra Modi. This is second time India hosting IEF Ministerial meeting. It had earlier hosted 5th IEF Ministerial in 1996 at Goa. IEF Ministerial Meeting ..
Month: Current Affairs - April, 2018
Topics: Business • China • Economy • Energy security • Events • International Energy Forum • International Organisations • National • Oil and Gas Sector • South Korea
ONGC to introduce Asia’s first large scale CO2 injection technique at Gandhar field
State owned Oil and Natural Gas Corporation (ONGC) is planning to introduce carbon dioxide (CO2) injection technology in its Gandhar oil field in Gujarat. It will be first large scale CO2-injected project in Asia. Its purpose is to recover extra 20 million barrels of crude oil under enhanced oil recovery (EOR) programme. EOR programme aims ..
Month: Current Affairs - February, 2018
Topics: CO2 injection technology • Enhanced Oil Recovery Programme • Oil and Gas Sector • ONGC • Science and Technology
Cabinet approves Discovered Small field Round II
The Union Cabinet has approved second round of Discovered Small Field (DSF) auctions under Discovered Small Field Policy. The auction will offer total of 60 discovered small fields/un-monetized discoveries with an estimated 194.65 Million Metric tonnes of oil. Key Facts Of the 60 fields, 22 fields belong to Oil and Natural Gas Corporation (ONGC), 5 ..
Month: Current Affairs - February, 2018
Topics: Business • Cabinet Decisions • Discovered Small Field • Discovered Small Field Policy • Economy • National • Oil and Gas Sector • Petroleum Sector
Government to set up think tank for oil sector
The Union Government will soon get Cabinet approval for setting up of high-powered think tank under Ministry of Petroleum to look into key issues related to oil and gas sector. Besides, Petroleum Ministry also has send proposal to Union Cabinet for setting up domestic gas trading hub to adopt better mechanism for price discovery of ..
Month: Current Affairs - October, 2017
Topics: Emissions Trading Scheme • Energy security • High-powered think tank • Ministry of Petroleum • Oil and Gas Sector