December 2020 - Page 3 of 8

15 DEC – EIL successfully completes revamp of PGTR of DHDT

NATIONAL NEWSBy admin December 16, 2020 Leave a comment

Bongaigaon: Team EIL at IOCL Bongaigaon successfully completes revamp of PGTR of DHDT UNIT (indeDIESEL) after revamp at IOCL BONGAIGAON Refinery, as part of BS-VI project. DHDT Unit at Bongaigaon Refinery was revamped for quality up-gradation of Diesel from existing BS-IV specifications to meet BS-VI specification alongside capacity augmentation from 1.2 MMTPA to 1.6 MMTPA.…

15 DEC – Vedanta to raise $8 bn for BPCL bid

NATIONAL NEWSBy admin December 16, 2020 Leave a comment

Billionaire Anil Agarwal’s Vedanta group plans to raise as much as $8 billion through a mix of debt and equity to secure funds for the acquisition of state-run Bharat Petroleum Corp. Ltd (BPCL), two people directly aware of the talks with investors and banks said. London-based Vedanta Resources Plc has initiated talks with a…

15 DEC – Bharat Petroleum to consider buying Oman Oil stake in Bina refinery

NATIONAL NEWSBy admin December 16, 2020 Leave a comment

NEW DELHI : Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) has said its board will on Thursday consider buying out Oman Oil Company in the Bina refinery project in Madhya Pradesh. BPCL board will also consider merging Bharat Gas Resources Ltd(BGRL) with itself, the company said in a filing to the stock exchanges on Tuesday.…

15 DEC – Domestic cooking gas prices raised, a cylinder in Delhi to cost ₹50 more

NATIONAL NEWSBy admin December 16, 2020 Leave a comment

The price of domestic cooking gas for December has been raised following a spike in global energy prices. Effective 15 December, the price of a 14.2 kg non-subsidized Indane liquefied petroleum gas (LPG) cylinder in Delhi has been increased by ₹50 to ₹644. Fuel retailers revise prices of LPG cylinders, which is primarily dependent…

14 DEC – Oil Prices Rise As U.S. Vaccinations Begin

INTERNATIONAL NEWSBy admin December 16, 2020 Leave a comment

Oil prices rose early on Monday after the U.S. FDA approved the Pfizer-BioNTech vaccine for emergency use and shipments of batches of vaccine vials began this weekend, with first vaccinations expected as early as on Monday. As of 9:04 a.m. ET today, WTI Crude prices had gained 1.67 percent at $47.34, and Brent…

14 DEC – Oil Prices Rise on Covid-19 Vaccine Hopes, Tanker Blast at Saudi Arabia

CRUDE OIL NEWSBy admin December 16, 2020 Leave a comment

Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand while a tanker explosion in Saudi Arabia jangled nerves in the market. Brent crude futures for February rose 67 cents, or 1.3%, to $50.64 a barrel by…

14 DEC – Shell, Eni Settle Dispute With Kazakhstan in $1.3 Billion Deal

INTERNATIONAL NEWSBy admin December 16, 2020 Leave a comment

Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture paid $1.3 billion to settle a long-running dispute with Kazakhstan over revenue sharing. The deal unlocks plans to boost output from the Karachaganak field and funnels additional revenue to the Kazakh economy, which is heading for its…

14 DEC – Exxon Mobil, under pressure on climate, aims to cut emissions intensity by 2025

INTERNATIONAL NEWSBy admin December 16, 2020 Leave a comment

Oil major Exxon Mobil Corp, under increasing pressure from investors and climate change campaigners, said on Monday it planned to reduce its greenhouse gas emissions over the next five years. Last Thursday, the Church Commissioners for England joined growing investor campaigns to demand changes at Exxon and backed calls for a board refresh…

14 DEC – Biden presidency to reset US sanctions focus

INTERNATIONAL NEWSBy admin December 16, 2020 Leave a comment

Washington’s failure in the past two years to force regime change in Caracas by means of severe sanctions gives the incoming US administration of president-elect Joe Biden an opportunity to try a more diplomacy-focused approach. Biden’s policy goal for Venezuela — ensuring a free and fair election to help restore democracy and rebuild…

14 DEC – OPEC cuts 2021 oil demand outlook again as pandemic impact lingers

INTERNATIONAL NEWSBy admin December 16, 2020 Leave a comment

LONDON – Global oil demand will rebound more slowly in 2021 than previously thought because of the lingering impact of the coronavirus pandemic, OPEC said on Monday, hampering efforts by the group and its allies to support the market. Demand will rise by 5.90 million barrels per day (bpd) next year to 95.89…

Monthly Archives: December 2020