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 Read more

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 Read more

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 Read more

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 Read more

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 Read more

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 Read more

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 Read more

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 Read more

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 Read more

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 Read more

NEW DELHI: The issue of continuation of cooking gas subsidy will be considered before inviting financial bids for BPCL privatisation, Parliament was informed on Saturday. However, the interest of LPG customers of BPCL would be taken into consideration while deciding on the subsidy issue, Minister of State for Finance Anurag Singh Thakur said in a Read more

The controversy over the mega refinery project with an investment of Rs 3 lakh crore in Sindhudurg district has taken a new twist. Those opposing the project at Nanar site on Saturday now want the project to come up in the larger interest of the region. They made a representation to the Housing Minister Dr Read more

Being aware of the Baghjan oilfield incident in Assam’s Tinsukia district, the Centre said in the Parliament on Saturday that the Standard Operating Procedures (SOPs) for oil and gas industry are also being re-visited for making improvements in order to prevent such accidents in future. In a written reply in the Lok Sabha, Ministry for Read more

The Union government may consider the closure of central public sector units (PSUs) even if they have been approved for strategic disinvestment on a case-to-case basis. In a written reply to a question in the Lok Sabha, Minister of State for Finance Anurag Thakur said that the government follows a policy of closure of centre Read more

India’s sales of diesel in the first half of September rose from the same period a month earlier, as monsoon rains eased and the government relaxed restrictions in the latest phase of its six-month Covid-19 lockdown ending this month. Gasoline sales also rose during the same period. Diesel use in the first two weeks of Read more