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

  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

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

  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

  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

  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

    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

  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

    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

    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

  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

    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

  A recent discussion paper titled “Anybody’s Gas” takes a critical look at the government’s new policy directives that were announced in early-October and argues that the so-called “reforms process” was rushed into by ignoring the context, that most of the domestic producers of natural gas would not benefit from the reforms, that key decisions Read more

  India’s national oil companies, or NOCs, have started supplying LPG to some private bottlers in a government-initiated move that could be extended across the country and heighten competition in a sector controlled by private importers, Indian industry sources said Dec. 11.   Supplying to private LPG bottlers had previously been the domain of international Read more

  India’s Chabahar project found a convert to its cause of connectivity: Uzbekistan. On Monday, India, Iran and Uzbekistan will hold their first trilateral meeting to boost connectivity to the port.   “India welcomes the interest of Uzbekistan to use the Chabahar Port as a transit port,’’ said a press release issued by the ministry Read more