As many as 39 firms, including six foreign players, on Wednesday put in 145 bids for 24 out of the 25 oil and gas fields on offer in the second round of bidding for discovered small fields in India, with mining giant Vedanta placing offer for the maximum 21 fields.
State-owned Indian Oil Corp (IOC) today reported 91% decline in the third quarter net profit on account of lower refinery margins and inventory losses due to falling oil prices.
Unknown persons have stolen oil from two power transformers, causing losses worth thousands of rupees to the PSPCL.
Reacting to the price correction, the Petrol Pump Dealers Association Punjab today demanded ‘One India One Rate’ for petroleum products. The Central government has reduced the price of both petrol and diesel by Rs 2.50/litre today.
Thieves struck at a petroleum dump near Jassi Paowali village and stole 4,080 litres of diesel in the wee hours on Saturday. The Cantonment police have booked unidentified persons in this regard.
The ambitious 750-km gas pipeline project between Bathinda and Srinagar via Jammu has been pushed on the back burner as it did not see any progress during the three-year rule of the previous PDP-BJP coalition government.
The All J&K Oil Tankers, Trucks Drivers and Cleaners’ Union has urged the petroleum ministry and public sector undertakings to include necessary clauses related to the welfare of the drivers and cleaners in their upcoming tenders.
Leaders and workers of the Shiromani Akali Dal on Tuesday submitted a memorandum to the Faridkot Deputy Commissioner over hiked fuel prices.
The Shiromani Akali Dal (SAD) slammed the Congress government in Punjab for taking inadequate steps to control petrol and diesel prices, during a protest rally here on Tuesday.
Roads and streets in the Civil Lines area of the city are in deplorable condition and need urgent repairs. Potholes have surfaced on streets and roads of the area at several places.
Public hearing for the expansion of the petroleum product storage capacity of Indian Oil Corporation (IOC) will be held at the main gate of its office at Phoos Mandi, Mansa Road, Bathinda, on June 20.
After four independent power producers surrendered four hydropower projects – Duger, Purthi, Seli, Bardang — in the Chenab basin over a period of time, the Directorate of Energy has sought fresh bids for these projects by May 5. The companies have also lost the upfront premium, revealed sources.