petroleum

Tata Motors, Bharat Forge and BPCL Q4 profit reports out

Bharat Forge Chairman and Managing Director B N Kalyani said FY19 has been a record year for the company with strong growth in revenue and profit.

published on : 21st May 2019

Indian Oil Corp to examine US sanctions' impact on CPCL expansion

National Iranian Oil Co (NIOC), which holds 15.4 per cent stake in CPCL, is keen to participate in the expansion project.

published on : 19th May 2019

Oil paradox: India demands more despite fall in vehicle sales

Total usage of oil products rose 1.3 per cent year by year to 18.9 m tons in March, according to the oil ministry’s Petroleum Planning & Analysis Cell Demand in the FY through March increased 2.7% y/y

published on : 2nd May 2019

India working to ensure sufficient crude supplies

IOC has the option to take 0.7 million tonnes of crude oil from Mexico on top of its committed purchase of 0.7 million tonnes during the year.

published on : 24th April 2019

Central government-owned PESO set to impose stringent curbs on Thrissur Pooram fireworks

After an explosion during fireworks display at Puttingal Temple on April  2016 claimed 111 lives, a ban was imposed on fireworks in the state.

published on : 12th April 2019

Government to roll over Rs 13,000 crore oil subsidy

The total subsidy expenditure rose to Rs 20,672 crore during the first six months itself this fiscal, as compared to Rs 11,352 crore incurred a year ago.

published on : 29th March 2019

India's fuel demand rises 3.8 per cent in February

Consumption in February totalled 17.41 million tonnes as compared to 16.77 million tonnes in the same month last year.

published on : 19th March 2019

‘Maharatna’ HPCL may trouble ONGC

In FY18, a substantial profit of over `6,000 crore for the second straight year has helped the company claim the coveted ‘maharatna’ status.

published on : 14th March 2019

Ahead of polls, state-run oil firms halt allotment of new fuel pumps

The release of the election schedule on Sunday has put the brakes on a number of activities that were to be undertaken by government-owned enterprises.

published on : 14th March 2019

Petroleum and Natural Gas Regulatory Board hikes tariff of Reliance gas pipeline by 37 per cent

The tariff approved is almost half of the tariff sought by East West Pipeline Ltd - the operator of the pipeline which transports Reliance Industries' eastern offshore KG-D6 gas to customers.

published on : 13th March 2019

‘Reasonable petroleum pricing good for economy’

India as a country should strive for a reasonable petroleum pricing which would incentivise both consumers and investors, said B Ashok, MD, Ratnagiri Refinery & Petrochemicals.

published on : 8th March 2019

Maharashtra CM reviews airport works, including ones at Shirdi, Pune

Shirdi International Airport, spread over 400 hectares in Kakadi village in Ahmednagar district, was inaugurated by President Ram Nath Kovind on October 2, 2017.

published on : 2nd March 2019

Two Hindustan Petroleum Corporation Limited employees, one from Vizag, die in hotel fire in Delhi

The two HPCL employees are part of a team of officials from the Corporation who went to Delhi to attend the Petrotech-2019 12th International Oil and Gas Conference and Exhibition

published on : 12th February 2019

Inventory losses pull down HPCL profit by 82 per cent

State-run oil major Hindustan Petroleum Corporation Ltd., (HPCL) has posted an 87.2 per cent drop in net profit during the quarter ended December 31 compared to the same period last year.

published on : 6th February 2019

New method can restore fertility of oil-soaked soil 

While large-volume marine spills get most of the attention, 98 per cent of oil spills occur on land, with more than 25,000 spills a year reported to the Environmental Protection Agency.

published on : 3rd February 2019
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