NATIONAL NEWS
India is moving towards a gas-based economy: Dharmendra Pradhan
While inaugurating 56 CNG stations today, Union Minister Dharmendra Pradhan said India is moving towards becoming a gas-based economy. The newly commissioned CNG stations are spread across Andhra Pradesh, Bihar, Chandigarh (UT), Gujarat, Haryana, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand and West Bengal. They belong to different public and private city Read more
Six lakh LPG consumers affected
01 Sept. 2020-IMPHAL, Aug 31: As many as 6 lakh consumers have been deprived of LPG cylinders as transporters’ strike enters 4th day, said IndianOil today. Appealing to the LPG transporters to call off their strike, the IndianOil, in a statement, asserted that the “unjustified” agitation by the transporters since August 27 has put its Read more
India’s target to gasify 100 MT coal to entail investment of over Rs 4 lakh crore
01 Sept. 2020-India’s target to gasify 100 million tonnes of coal by 2030 will entail an investment of over Rs 4 lakh crore, Coal Minister Pralhad Joshi said on Monday.Coal gasification is the process of producing syngas — a mixture consisting mainly of carbon monoxide, hydrogen, carbon dioxide, natural gas and water vapour — from Read more
GAIL Stands Committed Towards Furthering the Gas Pipeline Work
01 Sept. 2020-New Delhi: Shri Tarun Kapoor, Secretary, Ministry of Petroleum and Natural Gas, Government of India took a site review of the SV 4 Natural Gas Terminal at Sultanpur, Haryana. He was briefed on the operations by Shri Manoj Jain, CMD GAIL. GAIL stands committed towards furthering the gas-pipeline network across the country. CMD,GAIL Read more
Odisha’s Gopalpur Port Plans LNG Terminal And Petrochemical Industries
01 Sept. 2020-Bhubaneswar: The Gopalpur Port Limited (GPL) in Odisha has planned to set up a liquefied natural gas (LNG) terminal and an investment of Rs 2,000 crore for setting up fertilizer and petrochemical industries, an official said on Monday. Similarly, an edible oil refinery is also on cards, the official said.Recently, GPL Managing Director Read more
Priority is to get cheaper supplies over investments, says Petronet
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 Read more
India’s falling diesel sales signal there is little hope for a V-shaped economic recovery
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 Read more
BPCL to commission Rs 80 crore bottling plant in Tamil Nadu soon
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 Read more
Oil refineries reduce processing
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 Read more
Petrol dealers allege fuel oil being mixed in diesel instead of bio-diesel
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 Read more
PM chairs meeting to boost logistics in industrial hubs
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 Read more
What govt’s move to increase bioethanol in petrol means
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 Read more
83 days after it started, OIL caps Assam gas well blow out in third attempt
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 Read more
India, Nepal to speed up implementation of projects in Himalayan nation
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 Read more
PLL may scale down deal with US-based LNG project
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 Read more