NATIONAL NEWS

17 DEC – One Nation One Grid Energy Initiative: India paves it’s way ahead

  India has issued an open invitation to the biogas developers for making investments here as it launched the ‘One Nation, One Gas Grid’ energy initiative recently. Prime Minister talked about RE-INVEST in his speech regarding the same. Get to know about the scheme and more below. What is the objective of One Nation One Read more

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17 DEC – Amid Chinese glare, India and Vietnam look to ramp up energy, defence ties

  NEW DELHI: Despite China’s objections to Indian investment in Vietnam’s oil and gas sector, India and Vietnam are looking to scale up energy ties, while also strengthening defence and security cooperation. Ahead of PM Narendra Modi’s virtual meeting with his counterpart Nguyen Xuan Phuc next week, Vietnam has said it’s looking forward to oil Read more

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17 DEC – Energy Sector And Atmanirbhar Bharat: Challenges And Prospects

  Prime Minister Narendra Modi had announced the mission of Atmanirbhar Bharat earlier this year with a stimulus of Rs 20,000 crore. The agenda is in line with the Make in India initiative, to make India a self-reliant / Atmanirbhar country. One of the key mediums of securing self-sufficiency is through domestic industry based energy Read more

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17 dec – Indian oil firms need to bring in foreign players to unlock resources: Dharmendra Pradhan

  Indian oil firms need to bring in foreign players to unlock resources: Dharmendra PradhanNEW DELHI: India’s oil minister Dharmendra Pradhan asked exploration companies to consider farming out their acreages to global players with advanced technology to expedite development and raise oil and gas output. India, the world’s third biggest oil importer and consumer, depends Read more

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15 DEC – By switching to renewable energy and expanding green cover, India set to meet clean energy targets

  India does not lag behind in adhering to universally accepted global goals when it comes to climate change. It has always accepted its share of the responsibility to lower carbon emissions within the prescribed time-lines. Unlike some of the more developed nations which principally are a major cause for the dire state of the Read more

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15 DEC – EIL successfully completes revamp of PGTR of DHDT 

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. Read more

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

  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 Read more

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

  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. Read more

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

  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 Read more

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14 DEC – Nayara Energy in pact to sell Shell Lubricants’ products at fuel retail outlets

    Nayara Energy, formerly Essar Oil, has tied up with energy major Shell to sell the latter’s lubricants through its network of fuel stations across the country, the companies said in a joint statement on Monday.Nayara Energy has a fuel retail network of over 5,900 fuel stations in India and aims to scale it Read more

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14 DEC – India’s fuel demand drops 3.6% in Nov

  New Delhi: India’s fuel demand fell 3.6 per cent year-on-year in November, reversing the return to normal consumption levels attained in the previous month. Total demand for petroleum products in November fell to 17.83 million tonnes from 18.51 million tonnes a year back, according to provisional data published by the oil ministry’s Petroleum Planning Read more

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14 DEC – Torrent Gas to invest Rs 5,000 cr in Chennai city gas project

    New Delhi: Torrent Gas Ltd on Monday pledged Rs 5,000 crore investment to develop infrastructure to retail CNG to automobiles and piped gas to households and industries in Chennai, the biggest city gas license in its portfolio. Torrent Gas, part of the pharma-to-energy Torrent Group, signed a Memorandum of Understanding (MoU) with the Read more

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14 DEC – BPCL bid evaluation meet on Tuesday; Vedanta, Apollo Global in race

    A high-powered committee will, on Tuesday, evaluate preliminary bids received from mining-to-oil conglomerate Vedanta and private equity firms Apollo Global and I Squared Capital’s arm Think Gas for buying the government’s 52.98 per cent stake in Bharat Petroleum Corporation Limited (BPCL), sources said.   Last week, an inter-ministerial meet was held to discuss Read more

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14 DEC – Probe finds gross neglect by IOCL

  BHUBANESWAR: Police investigation into the sensational Raj Bhawan Filling Centre explosion has found gross criminal negligence on the part of Indian Oil Corporation Limited (IOCL) authorities as well as the contractor it had engaged which led to the blast claiming two lives on October 7.   The Commissionerate Police examined witnesses, documents, CCTV footage, Read more

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14 DEC – Sale of commercial LPG cylinders remains low since Covid lockdown

    HYDERABAD: The consumption of 19 kg commercial Liquefied Petroleum Gas (LPG) cylinders remains low in the city, even months after lockdown norms for hospitality and other sectors were relaxed.   Soon after the lockdown was put in place in the State, the sale of commercial LPG cylinders went down by 90 per cent. Read more

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