Category: Oil & Gas

CNG stations anchored on petrol pumps will not be open to third party hiring, gas regulator PNGRB has said. Also, oil marketing companies, such as Indian Oil Corp (IOC), will be barred from setting up their own CNG dispensing units in their petrol pumps that have been let out for CNG supplies to a city […]

Vedanta Group on Wednesday confirmed putting in a preliminary expression of interest (EoI) for buying government’s stake in Bharat Petroleum Corp Ltd (BPCL).

Bharat Petroleum Corporation Limited (BPCL) dealers are facing a tough time as the company has failed to meet their demand for fuel. There are around 100 BPCL petrol stations in the state and many outlets have no stock to sell. Sukumar Singh, president of the Himachal Pradesh Petroleum Dealers Association, said here on Wednesday that […]

A number of years have passed but the Municipal Corporation (MC) has failed to ensure the reconstruction of the dilapidated roads of the dairy complex on the Hambran Road here.

Oil prices fell on Monday on worries that widening coronavirus lockdowns in Europe would weaken fuel demand and amid concerns about turbulence around this week’s US presidential election. Brent was down 97 cents, or 2.6%, to $36.97 a barrel by 0948 GMT, and US West Texas Intermediate fell $1.04, or 2.9%, to $34.75. Both contracts […]

Oil prices fell on Monday on worries that widening coronavirus lockdowns in Europe would weaken fuel demand while concerns remain over potential turbulence resulting from this week’s US presidential election. Brent crude was down 80 cents, or 2.1%, at $37.14 a barrel by 1140 GMT. US West Texas Intermediate fell 93 cents, or 2.6%, to […]

State-owned Oil and Natural Gas Corp (ONGC) has won seven out of the 11 oil and gas exploration blocks offered for bidding in the latest licensing round, upstream regulator Directorate General of Hydrocarbons (DGH) said on Thursday. Oil India Ltd (OIL) won the remaining four blocks, it said.

India’s top oil and gas producer ONGC on Friday said it is losing Rs 6,000-7,000 crore on natural gas business after the government-mandated rates for the fuel dropped to a decade low. The government-mandated rates are way below the cost of production of $3.5-3.7 per million British thermal unit, ONGC Director (Finance) Subhash Kumar said. […]

The World Trade Organization has authorised the European Union to impose tariffs on US goods worth $4 billion to retaliate against subsidies for American planemaker Boeing Co, people familiar with the matter said. The delayed award provides a fresh source of potential trade friction weeks before November’s US presidential election, after Washington last year began […]

The government has for the fourth time extended the deadline for bidding for privatisation of India’s second-biggest oil refiner Bharat Petroleum Corp Ltd (BPCL) by one and a half months to November 16. While the Cabinet, in November last year, had approved the sale of the government’s entire 52.98 per cent stake in BPCL, offers […]

British oil explorer Cairn Energy Plc on Tuesday said it is seeking from the Indian government $1.4 billion (about Rs 10,300 crore) in losses arising from the expropriation of its investments to enforce a retrospective tax demand. In its half-yearly earnings statement, the company said it expects an international arbitral tribunal to shortly give a […]

A fire broke out at the Oil and Natural Gas Corporation’s (ONGC) Hazira gas processing plant in Gujarat’s Surat district in the wee hours on Thursday, an official said. The blaze, which was preceded by three blasts, has been extinguished, the official said, adding no one was hurt.