17th August 2020:State-run oil marketing company Bharat Petroleum Corp Ltd (BPCL) is planning to add 1,000 fuel stations in the current financial year 2020-21 even as it expects to be privatised by the end of the current fiscal. PSU oil marketing major BPCL expects that its privatisation procedure will take place by March 2021, Reuters…

17th August 2020:MUMBAI: Four companies operating in Mahul, including BPCL and HPCL, will have to pay Rs 286 crore over five years to improve air quality in the area, the National Green Tribunal ruled on Friday. Residents of Mahul and Ambapada villages had filed a plea in 2014 against the setting up of a unit…

17th August 2020:India is sending over 30 tonnes of technical equipment and material on board an IAF C-17 Globemaster Aircraft to Mauritius to contain the oil spillage along the Southeastern part of the island nation. Given the specialized nature of the equipment and a requirement of trained manpower to operate it, the 10-member Technical Response…

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…

10th Aug 2020:GUWAHATI, The biorefinery at Numaligarh, which will produce ethanol and other platform chemicals using bamboo as feedstock, is likely to commence commercial production from 2022. Numaligarh Refinery Limited (NRL), Finland’s Chempolis Ltd and Finnish energy company Fortum 3 BV had established a joint venture Assam Bio Refinery Private Limited (ABRPL) in 2018 for…

10th Aug 2020:New rule has been issued for cooking gas. You will not get cylinder if you do not have one-time password (OTP). Now the OTP has become mandatory to get the gas cylinder. The rule has been issued with an aim to provide fast and hi-tech services to the customers and to check irregularities…

10 Aug 2020:Jaipur: Work on the Rs 43,123-crore refinery at Pachpadra may have stalled due to lockdown, but with a little over two years left to meet the deadline for completion of the project, now there is a race to accelerate construction activities. Before the Covid outbreak, 3,800 people were working on the site, but…

10th Aug 2020:The 73 per cent decline in quarterly profit of Saudi Aramco may force the oil giant to refrain from its promised investment in India for quiet sometime. The Saudi Kingdom-controlled company had announced two major investment plans in the country — the strategic investment in the greenfield petroleum refinery in Maharashtra and the…

LONDON: BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy, three sources familiar with BP’s thinking said. The strategy was discussed at a BP executives meeting in July, the sources said,…

Indian state-run refiner Hindustan Petroleum (HPCL) will delay commissioning of expansion programmes at its 150,000 b/d Mumbai refinery on the west coast and the 166,000 b/d Visakhapatnam facility on the east coast by several months because of the Covid-19 pandemic. The 40,000 b/d expansion of the Mumbai refinery to 190,000 b/d will be completed in…