19 Aug 2020-New Delhi: Petronet LNG Ltd, India’s biggest gas importer, on Tuesday said it is looking to secure term LNG supplies at cheaper prices, than exploring investments in liquefaction projects such as one by US energy upstart Tellurian Inc. “We are exploring the market, but one thing is sure that investments as such are…

19 Aug 2020-New Delhi: For a glimpse into the impact of rolling lockdowns and sputtering factory sales on Asia’s second-biggest oil importer, look no further than India’s fuel purchasing patterns. The sale of diesel — the country’s most-used fuel and a proxy for its economic health — slumped 20% in the first half of August…

19 Aug 2020-CHENNAI: Bharat Petroleum Corporation Ltd would shortly be commissioning its new state-of-the-art bottling plant in the state aimed to serve the southern districts, a company official said on Tuesday. According to a company official, BPCL has a customer base of 55.20 lakh families in Tamil Nadu and 86,000 in Puducherry. The company has…

19 Aug 2020-New Delhi: The Covid-19 demand destruction has begun to hit Indian refiners with almost all entities further reducing crude processing or going in for unexpected maintenance shutdowns to remain afloat and protect margins. Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) operated three of its refineries at about 70 per cent capacity in July and…

18th August 2020:Nagpur: Vidarbha Petroleum Dealers Association (VPDA) has alleged that a number of outlets licensed to vend bio-diesel have been selling spurious fuel instead. The government had allowed direct sale of bio-diesel for mixing with high speed diesel (HSD) from April 2019. This has led to a number of dealers selling fuel oil in…

18th August 2020:NEW DELHI : Prime Minister Narendra Modi on Monday chaired a meeting with key cabinet ministers, including Nitin Gadkari (transport), Piyush Goyal (trade and railway), Nirmala Sitharaman (finance) and Hardeep Singh Puri (aviation), to work out a master plan to improve multimodal connectivity in industrial hubs to cut the cost of logistics, officials…

18th August 2020:The government has set targets of 10 per cent bioethanol blending of petrol by 2022 and to raise it to 20 per cent by 2030 under the ethanol blending programme to curb carbon emissions and reduce India’s dependence on imported crude oil. 1G and 2G bioethanol plants are set to play a key…

18th August 2020:The blowout — an uncontrolled release of gas or oil — at an Oil India Limited (OIL) natural gas well in Upper Assam’s Baghjan was capped on Monday after 83 days. Efforts are in progress to douse the fire, which had broken out on June 9, at the well. The natural gas well…

18th August 2020:NEW DELHI: India and Nepal on Monday reviewed the status of various development projects supported by New Delhi in the Himalayan nation and decided to speed up their implementation against the backdrop of consistent efforts by China to draw Kathmandu into its sphere of influence with cheap loans and infrastructure projects. The talks…

17th August 2020:New Delhi: Petronet LNG Ltd’s proposed $2.5 billion investment plan in US LNG developer Tellurian’s upcoming Driftwood LNG terminal in Louisiana may be scaled down considering the energy company’s decision to cut first phase cost of the project by a third thereby also reducing production. Sources said that PLL, which has till December…