Petroleum production Current Affairs, GK & News

Kirit Parikh committee to review existing marketing structure in LPG marketing in India

The Government of India (GoI) has recently constituted a 5-member committee to review existing marketing structure in Liquefied Petroleum Gas (LPG) marketing in India. The committee, headed by economist Kirit Parikh, will look into issues related to definition or quality standards of LPG being marketed. Its terms of reference also include scope for liberalizing government ..


The researchers at Purdue University in US develops a new method to purify water used in oil refinement

Researchers at Purdue University in the US, including one of Indian origin, have developed a new process to remove nearly all traces of oil in produced water — a byproduct from the oil refinery and extraction process. The process uses activated charcoal foam and subjects it to solar light to produce heat and purify the ..


2nd Asia LPG 2019 Summit

The 2nd edition of the Asia LPG Summit 2019 was held in New Delhi with theme ‘LPG – Energy for Life’. The summit was organized by the World LPG Association (WLPGA) in association with major Indian public-sector oil companies (OMCs) Indian Oil, Hindustan Petroleum, and Bharat Petroleum. In it, Union Petroleum Minister Dharmendra Pradhan stated ..



ONGC to introduce Asia’s first large scale CO2 injection technique at Gandhar field

The Oil and Natural Gas Corporation (ONGC) will soon launch Asia’s first large scale CO2-injected project in its Gandhar oil field in Gujarat to recover an extra 20 million barrels of crude oil under the Enhanced Oil Recovery (EOR) programme which is being undertaken to improve India’s energy security. The EOR programme is set to ..


ADB approves fund for Reliance Bangladesh Liquefied Natural Gas (LNG)

The Asian Development Bank (ADB) has approved debt financing and partial risk guarantee of $583 million to develop Reliance Power’s 750MW LNG based combined cycle power plant and LNG terminal project in Bangladesh. ADB’s financing package includes loans and partial risk guarantees for the power generation facility, as well as for the LNG terminal. The ..