MRPL-HPCL Merger

The oil ministry is considering a merger between Mangalore Refinery and Petrochemicals Ltd (MRPL) and Hindustan Petroleum Corp Ltd (HPCL), both subsidiaries of Oil and Natural Gas Corp (ONGC). This proposal, which had been suggested shortly after ONGC acquired HPCL ..

Tags: Hindustan Petroleum • Hindustan Petroleum (HP) • Mangalore Refinery and Petrochemicals Limited • Mangalore Refinery and Petrochemicals Limited (MRPL) • ONGC

Month: Current Affairs - May, 2023

Category: India Nation & States Current Affairs

Kirit Parikh Committee on Gas Pricing

The Kirit Parikh panel recently submitted a report on gas pricing, recommending complete pricing freedom from January 1, 2026. What are the key recommendations of the panel? The committee recommended that India should have completely free and market-determined pricing of ..

Tags: Gas pricing • Natural gas production in India • Oil and Gas PSUs • Oil and Natural Gas Corporation (ONGC) • Oil India Limited

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs - 2022

Exercise Prasthan – Update (October, 2022)

Exercise Prasthan was organized from October 11 to 12 of this year in the Krishna Godavari Basin Offshore Development Area. Key facts Prasthan is an offshore security exercise that is held every six months. Its main purpose is to integrate ..

Tags: Andhra Pradesh • Bay of Bengal • Eastern Naval Command • Indian Navy • Krishna Godavari Basin

Month: Current Affairs - October, 2022

Category: Defence Current Affairs

ONGC: 1st to trade Domestic gas on Indian Gas Exchange

State-owned Oil and Natural Gas Corporation Ltd. (ONGC) became India’s first Exploration and Production (E&P) company to trade domestic gas on Indian Gas Exchange (IGX). What are the highlights of the trade? ONGC made its first online trade on 23rd ..

Tags: IGX • Indian Gas Exchange • Oil and Natural Gas Corporation (ONGC) • ONGC

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs - 2022

India’s Oil production in FY22

The crude oil production of India fell 2.67 percent in the fiscal year that ended on 31st March 2022. The production of ONGC was less than the target, but KG production by Reliance-BP’s natural gas output rose. Overview: In 2021-22 ..

Tags: crude oil • Oil Production • ONGC • Petroleum products • Reliance Industries Ltd.

Month: Current Affairs - April, 2022

Category: Economy & Banking Current Affairs - 2022 • India Nation & States Current Affairs

Prasthan Offshore Security Exercise

‘Prasthan’ is an offshore security exercise that was conducted in Mumbai’s Offshore Development Area (ODA) on 23rd March 2022. This exercise was conducted under the aegis of the Western Naval Command’s Headquarters. Overview: This exercise is conducted every six months. ..

Tags: Coast guard • Customs • Indian Air Force • Indian Navy • Mumbai Port trust

Month: Current Affairs - March, 2022

Category: Defence Current Affairs