KOCHI: Prime Minister Narendra Modi on Tuesday said his government was aimed at creation of a “One nation, one gas grid” by more than doubling the share of natural gas in the country’s energy basket besides diversifying the energy sources. He was dedicating the 450-km natural gas pipeline from Kochi in Kerala to Mangaluru…

  MUMBAI: Foreign brokerage firm Credit Suisse believes that global oil producer and refining giant Saudi Arabian Co, better known as Saudi Aramco, may revive its interest in buying the 20% stake in Reliance Industries Ltd’s energy business if global crude oil prices continue their upward trend.   “The deal is not yet closed and…

  Panaji: Indian Oil Corporation’s jet fuel business has recovered by 60 per cent, while the domestic sector sales are likely to touch full capacity by March, this year, a senior official has said. There was a drop in the jet fuel business following coronavirus-induced restrictions but from May 25, 2020 onwards, the aviation sector…

  NEW DELHI: Ethanol blending in petrol will cross 8 per cent in 2020-21 after reaching 5 per cent in the previous year despite the pandemic, Petroleum Secretary Tarun Kapoor told ET.   State oil marketing companies received 173 crore litres of ethanol for blending with petrol during ethanol supply year that ran between December…

  India is running out of time to sell off a controlling stake in state-controlled refiner Bharat Petroleum (BPCL) by its 31 March deadline, complicating efforts to reduce its deficit and raise spending to combat the Covid-19 pandemic.   The government had planned to find buyers for majority stakes in BPCL and national carrier Air…

  Patna: Bihar Chief Minister Nitish Kumar on Monday underscored that there is a huge potential of ethanol production in the state and asked officials to work on promoting ethanol production from sugarcane, maize and agri waste. Making ethanol from sugarcane will promote sugarcane industries in the state, Kumar said. “There is a huge potential…

  Dedicating the Kochi-Mangaluru Natural Gas Pipeline to the nation via video conferencing on Tuesday, he said the Government will invest crores of rupees in the oil and gas sector in this decade itself.   Stating that the Kochi-Mangaluru pipeline will be a major driver of development in both Kerala and Karnataka, he said India…

  The government has set up a high-level group headed by former Union power secretary Ram Vinay Shahi and tasked it with helping build a South Asia-focused energy security architecture, said two people aware of the development.   Cross-border energy trade is a key part of Prime Minister Narendra Modi’s neighbourhood-first policy, with plans to…

  The Bengal government will provide 40 acres of land free of cost to Oil and Natural Gas Corporation to develop the Ashoknagar block where the central PSU has discovered hydrocarbon reserves, hoping that the find will catalyse industrial resurgence in the state.   Chief minister Mamata Banerjee has written a letter to Union petroleum…

    Ahmedabad, Union Petroleum Minister Dharmendra Pradhan on Monday flagged off from L&T”s Hazira plant in Surat district critical components bound for Indian Oil”s MEG (mono-ethylene glycol) plant coming up at the refinery-cum-petrochemical complex at Paradip in Odisha.   During his visit to Surat in Gujarat, the minister flagged off the equipment from the…