Page-2 of Oil and Gas
Home Ministry issues Guidelines for Lock Down 2.0
On April 15, 2020, the Ministry of Home Affairs launched revised guidelines for lock down 2.0. The second lock down, also called the smart lock down aims to consolidate the gains achieved by the first lock down. It is to ..
Month: Current Affairs - April, 2020
Oil Prices plunge by 20% as OPEC fails to make a deal
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: Current Affairs - March, 2020
Corona Virus: OPEC to cut oil production largely since 2008 financial crisis
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: Current Affairs - March, 2020
Budget 2020: Economic Development-Commerce, Industries and Infrastructure
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: Current Affairs - February, 2020
Price Restriction on locally produced natural gas removed-To Boost Investment
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: Current Affairs - November, 2019
India attends the ADIPEC-Abu Dhabi International Petroleum Exhibition and Conference
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 ..