Modi govt opened up one million sq km basin in big push for India's oil-gas hunt, says Hardeep Puri
The Narendra Modi government has opened up for oil and gas exploration, a staggering one million sq km of India's 3.5 million sq km sedimentary basin, which was off-limits for hydrocarbon exploration earlier, Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Sunday.

India ramps up oil imports from Russia, US in June amid Israel-Iran tensions
India has upped purchases of Russian oil in June, importing more than the combined volumes from Middle Eastern suppliers such as Saudi Arabia and Iraq, amid volatile market caused by Israel's attack on Iran.

GSI team to visit Zambia to map and explore copper blocks this week
This is part of India’s national critical minerals mission (NCMM), which aims to extend support to Indian public and private sector companies for mapping and exploration of critical mineral assets in resource-rich countries.

All that glitters now is actually gold
Many Indians believe that we are, as a nation, among the best investors in gold worldwide. But quite often, the difference between physical consumption and investment is lost. Interestingly, studies across the Indian sub-continent have found that there is a clear emotional connect between the yellow metal and its consumers. A gold loan financing company’s CEO, I professionally interacted with, told me that irrespective of gold price swings, his company’s delinquency ratio always remained minimal.

Gold shows structural shift as volatility falls, rate sensitivity weakens: Llama Research
Source Credit: ANI, The Tribune

Oil prices may surge as US attack on Iran heightens geopolitical tensions
The US bombing of Iran's nuclear sites has led to a widening of the Israel-Iran war and a further escalation in geopolitical tensions that could lead to a surge in global oil prices, which have already shot up by close to 20 per cent this month.

CNG poised for significant growth as India focuses on energy transition: Crisil
The city gas distribution (CGD) sector is at the core of India's energy transition, with compressed natural gas, in particular, poised for significant growth, according to a report by Crisil Intelligence.

Significant progress in ONGC well control operations at Guwahati site
Oil and Natural Gas Corporation Limited (ONGC) has made significant headway in its well control operations at RDS#147A, with the flow rate of gas having reduced substantially, marking a critical step forward in containment efforts.

Crude prices may see further spike as West Asia tensions escalate
Crude oil prices are expected to go up further as a result of the escalating geopolitical tensions in the Middle East following the US air strikes on three Iranian nuclear facilities.

A holistic approach at transforming India’s mining sector
Last month, India auctioned its first-ever Potash block, with an aim to cut import dependence on agriculture fertilizers and thereby ensure our nation’s food security. Such is the potential of our vast mineral wealth; it touches each and every nerve of a progressing nation. To realise the prospects available holistically, the past decade has witnessed an era of unprecedented reforms, marked by transparency, efficiency, and ambition. These tangible efforts are paving the way for transforming our mining sector at par with global standards.

Coal India arm to bring to production 2 new mines this fiscal year
Coal India arm to bring to production 2 new mines this fiscal
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MNRE launches Rs 2.3 crore start-up challenge
New Delhi: The Ministry of New and Renewable Energy (MNRE) has launched the Innovative Projects Start-Up Challenge on Rooftop Solar (RTS) and Distributed Renewable Energy (DRE) Technologies, during the National Conference on Skill Development for the Renewable Energy Workforce at Atal Akshay Urja Bhawan, New Delhi.

Singareni Collieries to set up 500 MW pumped storage power plant Medipally mine