New Delhi: The gap between Reliance Industries Ltd’s standalone and consolidated net profit has more than doubled to Rs 22,400 crore in the last couple of years, as the retail and telecom businesses housed in separate subsidiaries saw significant growth, a report said. “The gap between Reliance’s standalone and consolidated profit after tax (PAT) has […]
Category: Oil & Gas
Man, 5-yr-old daughter hurt in cylinder blast in Bengaluru’s outskirts
A 40-year-old man and his daughter suffered grievous injuries following a cylinder blast at their house in Nelamangala on Bengaluru’s northern outskirts on Thursday afternoon. The injured have been identified as Sanjay, a Bescom lineman, and his five-year-old daughter. The incident occurred around 3 pm. Sources in the fire department said gas leaked from the […]
6 injured in gas cylinder blast at Kolkata eatery
Kolkata: At least six persons were injured after a few gas cylinders reportedly exploded inside an eatery in Kestopur area here on Thursday afternoon, police said. The incident took place at Rabindrapally market around 12.45 pm, they said. Two fire tenders were pressed into service to douse the flames, a senior officer of Bidhannagar Police […]
Emergency oil spill recovery work in Ennore completed: Tamil Nadu govt
Chennai: Tamil Nadu government on Wednesday night said it has completed the emergency oil spill recovery work in the ecologically-sensitive Ennore Creek area by removing 105.82 kl oily water and 393.5 tonnes oily sludge since December 12. The oil spill from the Chennai Petroleum Corporation Limited (CPCL) refinery in Manali, which was let into the […]
Oil content in water has further reduced: CPCL
Chennai: The Chennai Petroleum Corporation Ltd (CPCL) on Tuesday said the clean-up operations at the Ennore Creek was going on in full swing leading to further reduction in oil in the water. About 240 trained manpower along with 125 boats, oil skimmers, pressure jet cleaning machines, containment and absorbent booms are currently engaged in clearing […]
Oil prices extend gains as Red Sea attacks disrupt supply chains
Iran petrol stations hit by cyberattack, oil prices advanced on Tuesday, extending gains from the previous session, as attacks by Yemen’s Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels. Brent crude futures rose 17 cents, or 0.2 per cent, to $78.12 a barrel at 0112 […]
Fossil fuel-based energy also essential for India, says President Droupadi Murmu
New Delhi: President Droupadi Murmu on Thursday said the dependence on fossil fuels is definitely decreasing, but fossil fuel-based energy is also essential for India. India has always worked as a responsible country in the field of clean energy, Murmu said, addressing the National Energy Conservation Awards 2023 function here. “But we have also been […]
Indian refiners eye Venezuelan oil after sanctions relief
Houston: Venezuelan state oil company PDVSA has assigned loading windows this month to two vessels bound for India under crude spot deals with Italy’s ENI and US-based Chevron, an internal company document showed. Indian refiners including Reliance Industries, Indian Oil Corp and HPCL-Mittal Energy (HMEL) have been looking for Venezuelan crude cargoes to buy since […]
Oil rebounds from six-month-low, demand concerns still cloud
Beijing/Singapore: Oil prices reclaimed some ground on Thursday after tumbling to a six-month-low in the previous session, but investors remained concerned about sluggish demand and economic slowdowns in the US and China. Brent crude futures rose 38 cents, or 0.5 per cent, to $74.68 a barrel by 0409 GMT. US West Texas Intermediate crude futures […]
Kremlin says OPEC+ output cuts will kick i n later
Moscow: Oil output cuts agreed by the OPEC+ group will take time to kick in, the Kremlin said on Tuesday, as it confirmed that Russian President Vladimir Putin would visit the United Arab Emirates and Saudi Arabia on Wednesday. Putin will also host Iranian President Ebrahim Raisi in Moscow the following day, Kremlin spokesman Dmitry […]
Carbon emissions in India to increase by 8.2 per cent in 2023: Study
New Delhi: Carbon emissions in India are projected to increase in India by 8.2 per cent in 2023, and by 4 per cent in China, according to an international research. Global emissions from coal, oil and gas are all projected to increase by 1.1, 1.5 and 0.5 per cent, respectively, even as they are predicted […]
Global CO2 emissions from fossil fuels to hit record high in 2023
Global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year, exacerbating climate change and fuelling more destructive extreme weather, scientists said. The Global Carbon Budget report, published on Tuesday during the COP28 climate summit, said that overall CO2 emissions, which reached a record high last year, have plateaued […]