Category: Oil & Gas

Prime Minister Narendra Modi on Sunday dedicated the Integrated Refinery Expansion Complex (IREP) at BPCL Kochi to the nation and said that India is emerging as a refinery hub across the world.

Prime Minister Narendra Modi, who will arrive in Kochi later on Sunday, is slated to dedicate the Rs 16,504 crore single-largest investment in Kerala when he unveils an integrated Bharat Petroleum Corporation Limited (BPCL) refinery expansion complex.

Mining mogul Anil Agarwal said he has no immediate plans to retire or take a non-executive role at his $18-billion Vedanta Group as he feels it needs his “aggression” and “risk-taking” ability to grow into a world-class resource conglomerate.

In a first for the Republic Day parade, the IAF on Saturday flew an An-32 aircraft in ‘vic’ formation, whose lead plane used a mix of traditional and biofuel during the grand event.

Indian Oil Corporation’s (IOC’s) group company Chennai Petroleum Corporation Ltd (CPCL) is planning to set up a greenfield refinery at Nagapattinam at in Tamil Nadu, a cost of Rs 27,460 crore. The products, including motor spirit (MS) and high speed diesel (HSD), which will be produced from the refinery will help meet the latest BS-VI […]

State-owned Oil and Natural Gas Corp (ONGC) is mulling on a vision document for 2040 that will lay the strategic roadmap for the nation’s largest oil and gas producer for the next two decades.

Oil rose on Thursday, shaking off persistent concern about the outlook for demand after the US government said it could impose sanctions on Opec member Venezuela’s crude exports.

Tamil Nadu signed agreements worth over Rs 3 trillion at the end of the two-day Global Investors Meet (GIM) in Chennai on Thursday, saying investments will create 1.05 million jobs in a state that boasts of quality infrastructure.

Oil prices inched up on Wednesday after China said it would raise spending to stem an economic slowdown that has been weighing on financial markets.

Oil prices extended falls from the previous session on Wednesday, as concerns of an economic slowdown weighed on markets.

Potential U.S. sanctions on Venezuela’s crude oil exports would cut off the nation from Gulf Coast refiners that are among its biggest customers, likely forcing it to send more crude to China, India or other Asian countries, traders said on Wednesday.

Energy major IndianOil Corporation, is planning to invest as much as Rs 16,641 crore in Tamil Nadu. The PSU company signed a memorandum of understanding to this effect on Wednesday, with the state government at the Global Investors Meet in Chennai.