oil and natural gas Current Affairs, GK & News

Uganda Oil Deal

The Chinese and French oil giants have signed an agreement to build a huge oil pipeline in Uganda. The companies are to exploit the oil resources of the country. This has fumed the environmentalists. What is the deal all about? The National Offshore Oil Corporation of China and the Total Energies of France are to ..

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NSO First revised FY21 GDP estimates

The National Statistical Office recently released the first revised GDP estimates for the fiscal year 2021. According to the estimates, the GDP contracted by 6.6%. Earlier, the GDP had contracted by 7.3%. The contraction is mainly due to COVID pandemic and the lockdown imposed. What do the estimates say? The real GDP for 2020-21 is ..

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Crude oil output of India drops

The Ministry of Petroleum and Natural Gas recently released its data for the fiscal year 2020-21. According to the data, crude oil production of India fell to 30.5 million tonnes. It was 32.17 million tonnes in 2019-20. Key Highlights The data released by the Ministry of Petroleum and Natural Gas are as follows: Oil The ..

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Bengal Basin-India’s Eighth Functional Basin

The Oil and Natural Gas Corporation recently began oil production from Ashokenagar-1 well located in the Bengal Basin. With this Bengal Basin becomes the eighth oil producing basin in India. The other oil producing basins of India are located in Mumbai Offshore, Krishna-Godavari river basin, Cauvery, Assam Shelf, Rajasthan, Assam-Arakan, Cambay and Fold Belt. Key ..

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UAE: First Arab Country to generate electricity from coal

The United Arab Emirates recently became the first and probably the last Arab country to generate electricity from coal. The coal plant, Hassyan is to be set up in Dubai at 3.4 billion USD. The capacity of the plant will be 600 MW. Later, the capacity of the plant is to be increased to 2,400 ..

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China conducts military exercise in the disputed South China Sea

China is holding military exercise around Parcel Islands in South China Sea between July 1, 2020 and July 5, 2020. US has raised its concerns over the exercise in a disputed territory. What is the issue? The dispute of South China Sea involves both maritime and island claims among the sovereign states in the region ..

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