Assam to be oil exporting hub for Southeast Asia

Assam is slated to soon become one of India’s major oil exporting hubs catering to the eastern neighbours of the country and Southeast Asia, Petroleum Minister Dharmendra Pradhan said on Friday. The Minister based his prediction on a slew of projects for augmenting oil exploration, refining and transportation capacity in various stages of completion in […]

HPCL gets equipment for its modernisation

The Hindustan Petroleum Corporation Limited (HPCL) has received crude and vacuum columns, the main equipment for the Crude Distillation Unit (CDU) being set up as part of the Visakh Refinery Modernisation Project (VRMP). The equipment was shifted from Hindustan Shipyard Limited by a huge vehicle on Sunday. The VRMP involves an investment of approximately Rs. […]

Fuel conservation awareness campaign launched

Indian Oil Corporation along with the Coimbatore City Traffic Police on Friday kick-started a campaign to create awareness among motorists on oil conservation and traffic rule compliance. Two themes Deputy Commissioner of Police, Traffic, Sujith Kumar inaugurated the campaign at Lakmi Mills Junction by distributing copies of The Hindu that contained flyers with messages on […]

Prisoner-run fuel outlet opened

An Indian Oil Corporation refuelling outlet manned by convict prisoners began operations here on Dr. Nanjappa Road. Chief Minister Edappadi K. Palaniswami inaugurated the IOC fuel outlet through video conferencing from Chennai. Deputy Inspector General of Prisons, Coimbatore Range, R. Arivudainambi, Superintendent, Coimbatore Central Prison, R. Krishnaraj, General Manager, IOC, Chennai, R. Suresh and others […]

ONGC, OIL asked to sell 66 fields

The Centre has asked Oil and Natural Gas Corporation (ONGC) and Oil India Ltd. (OIL) to sell 66 of their small oil and gas fields to private firms as it brought in a new policy to boost domestic production and cut imports, Petroleum Minister Dharmendra Pradhan said on Thursday. ONGC and OIL have a total […]

Panel backs old system for oil block bid

Two years after the government shifted to revenue sharing contracts for oil and gas block auctions, a high-level panel has suggested reverting to the earlier system of awarding areas in most basins based on exploration commitment. The six-member panel, headed by NITI Aayog Vice-Chairman Rajiv Kumar, in its report submitted on January 29, stated that […]