24 Sept. 2020-A massive fire broke out in Gujarat’s Surat early on Thursday. The blaze was reported from an Oil and Natural Gas Corporation (ONGC) plant in the city. According to the details, several explosions was also reported from the site. The fire brigade had received a call about the blaze at nearly 2:30 am…

24 Sept. 2020-New Delhi: Prominent leaders from the global and domestic City Gas Distribution (CGD) industry would convene Thursday on ETEnergyworld Virtual CGD Summit to lay a roadmap for the rapid growth and expansion of city gas network across India. Key decision makers and private sector executives would discuss threadbare the challenges and opportunities for…

23 Sept. 2020-In November 2018, the three oil marketing companies (OMCs) – Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) – had come out with an advertisement floating tenders for 78,493 petrol pumps across the country. This move, which came just before the polls, was pitched as a step to…

23 Sept. 2020-NEW DELHI: LNG imports have shot past domestic supplies for the first time in India, creating ground for decontrolling the market even as local producers feel hamstrung by below-cost prices dictated by government formula. Domestic gas met 47 per cent of demand in 2019-20, while a spurt in import of cheap cargos pushed…

23 Sept. 2020-Hyderabad: On Tuesday, the High Court bench headed by Chief Justice Raghavendra Singh Chauhan and Justice Bollam Vijaysen Reddy heard a public interest litigation seeking to direct the State Government to withdraw the proposal to install an electrical substation, which is part of the transmission system. The allegation of the petitioner is that…

23 Sept. 2020-NEW DELHI: The government plans to set targets for hydrogen energy development, which is currently not included in its plan to develop 175 Gigawatts of renewable power by 2022. A committee of officials has been formed to set specific targets to develop this source of energy, Indu Shekhar Chaturvedi, secretary, ministry of new…

New Delhi: Country’s largest oil marketing company Indian Oil Corporation proposes to leverage its growing petrochemical operations to expand textile business as it looks to diversify operations and offset risks associated with oil operations. At a recent Asia Pacific oil summit IOC chairman S.M. Vaidya reportedly said that petrochemical expansion is being targeted by the…

New Delhi: Indian Oil Corporation (IOC) said on Monday that its retail outlets of the future will be ‘energy pumps’ offering a wide assortment of cleaner, greener and more efficient fuel options to millions of customers. “While we are confident that petroleum fuels still have a long way to go, transition fuels will have a…

This was stated by Minister for Petroleum and Natural Gas Dharmendra Pradhan in a written reply in the Rajya Sabha on Monday.Pradhan said that Indian Oil Corporation Ltd (IOCL), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) have informed that home delivery of diesel is not offered by them either. But, door-to-door…

India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves with oil at $19 a barrel, saving nearly US$700 million in the process, India’s Ministry of Petroleum and Natural Gas said on Monday. “Taking advantage of the low crude oil prices in international market, India purchased 16.71 million barrels…