Singapore: Indian Oil Corp has issued a tender for short-term commercial lease of its liquefied natural gas (LNG) storage tank at Ennore terminal near Chennai, according to a notice posted on the company website. The company is seeking bids for the short-term lease for LNG unloading, storage and reloading services at the 5 million-tonnes-per-annum (mtpa) […]
Category: Oil & Gas
HPCL launches quality campaign in Tiruchy
TIRUCHY: The public sector Hindustan Petroleum Corporation Ltd (HPCL) is committed to ‘good fuel promise’ and for excellence in the area of customer service in its retail outlet network. A press release from HPCL said here on Monday that they regularly conduct various customer-connect programmes at retail outlets. As part of the endeavor, HPCL has […]
ONGC topples IOC to regain most profitable PSU tag
New Delhi: ONGC, India’s top oil and gas producer, has toppled Indian Oil Corp (IOC) to regain crown of being the country’s most profitable public sector company. According to earnings statements of the listed companies, Oil and Natural Gas Corp (ONGC) reported a 34 per cent jump its in 2018-19 fiscal net profit to Rs […]
BPCL’s insurance cost nearly doubles
Mumbai: Large claims of around Rs 600 crore from the insured refineries at Mahul, Kochi, Bina and Numaligarh have nearly doubled the insurance premium for Bharat Petroleum Corporation Ltd (BPCL) even while its insured assets have remained the same for 2019-20. According to a source, a fire at the state-run oil marketer’s Mahul refinery in […]
CNG outlets: GAIL woos Dakshina Kannada landlords with DODO offer
Mangaluru: GAIL Gas which is planning to set up 100 CNG(compressed natural gas) stations and provide approximately 3,50,000 households in Dakshina Kannada district with Piped Natural Gas, is motivating land owners to set up CNG stations on DODO (dealer owned dealer operated) model. GAIL Gas has won the City Gas Distribution(CGD) project for Dakshina Kannada. […]
Vedanta bids for 30 oil & gas blocks
New Delhi: Mining major Vedanta put as many as 30 bids even as Reliance Industries and its British partner BP Plc made their first joint bid for an oil and gas exploration acreage for the 32 blocks up for auction in latest licensing round. Besides, Oil and Natural Gas Corp (ONGC) bid for 20 blocks […]
CPM to hold awareness meetings against hydrocarbon project in state
Chennai: Demanding the Central Government to withdraw the proposed hydrocarbon project in the State, the CPI (M) has decided to hold meeting in Delta region to raise awareness among the people about the adverse impact to be posed by it. In a resolution passed in a meeting of District Secretaries of CPI (M) in Chennai […]
India’s rising oil demand to support investments in refineries: Moody’s
New Delhi: India’s rising oil consumption will support its investments in refining capacity additions and upstream production, but imports will keep growing amid stagnant production, Moody’s Investors Service said on Monday. The country’s dependence on imported crude oil to meet its needs has risen to 83.7 per cent in 2018-19 fiscal year from 82.9 per […]
Nagapattinam: Delta farmers flay new nod for hydrocarbon projects
Nagapattinam: Cauvery delta farmers under the auspices of the ‘Tamil Nadu Vivasaya Sanga Koottu Iyakkam’ strongly condemned the Union Environment Ministry for according fresh sanction to Vedanta and ONGC to undertake surveys for extracting hydrocarbons in Tamil Nadu and Puducherry. The Iyakkam’s state president, ‘Cauvery’ Dhanapalan, briefing newsmen on the resolutions adopted at their executive […]
Cooking gas price increase by Rs 6 per cylinder
New Delhi: The price of domestic cooking gas was increased by Public sector oil companies by Rs 6 per 14.2 kg liquefied petroleum gas (LPG) cylinder on Tuesday. The no- subsidised commercial LPG became costlier by Rs 22.5 per 19 kg LPG cylinder. The commercial LPG cylinder will now cost nearly Rs 730 a cylinder. […]
KT Rama Rao asks TRS workers not to fuel Opposition attack
Hyderabad: TRS working president K.T. Rama Rao on Saturday advised party workers not to give Opposition parties any opportunity to pounce upon the government. He was addressing the party cadre after hoisting the party flag at Telangana Bhavan on TRS Foundation Day. “People kept their faith in the TRS and gave us another opportunity to […]
Indian consumers face post-election fuel price shock, economy could be hit
New Delhi: Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up. For oil-import dependent India, higher global prices could lead to a […]