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…
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…
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.…
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…
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.…
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…
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…
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…
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…
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…
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