Oil prices fell on Wednesday, weighed down by data that showed an increase in U.S. crude oil and gasoline inventories.
Cut in oil cess, rise in royalty proportionate to coal bed methane (CBM) output, waiver of customs duties on capital goods for new refineries and exemption of excise duty on CNG are some of the key measures the oil industry wants the government to include in its budget proposals this year.
The Essar Group expects turnover from coal bed methane (CBM) to touch ?600 crore in 2018-19 and double that in the subsequent two years, according to Vilas Tawde, chief executive officer of Essar Oil and Gas Exploration and Production.
India is making rapid strides in the renewable energy arena and has successfully met a large part of its green energy generation targets, Prime Minister Narendra Modi said during his speech at the opening session of the 2018 World Economic Forum at Davos in Switzerland.
In a country that loses a quarter of its electricity to theft, Prime Minister Narendra Modi’s parliamentary constituency — Varanasi — has shown a way out by pushing distribution cables underground and deploying technology to track illegal connections.
Electric utility FirstEnergy Corp said it received a $2.5 billion equity investment from a group of fund managers including Elliott Management Corp.
HPCL may acquire Mangalore Refinery and Petrochemicals Ltd in a cash and share- swap deal to become India’s third-largest oil refiner, a top official said. Oil and Natural Gas Corp (ONGC), India’s biggest oil and gas producer, last week announced acquisition of HPCL for Rs 36,915 crore. After this takeover, ONGC has two refining subsidiaries […]
The Delhi High Court has said that it would not allow the use of solar control black films in cars, which have been banned due to security reasons.
Powerdistribution companies in state have approached Gujarat Electricity Regulatory Commission (GERC) seeking a hike in fuel price and power purchase adjustment (FPPPA) base price or fuel surcharge.
Oil and Natural Gas Corporation (ONGC), India’s first to be fully integrated ‘Oil Major’, will will benefit from an increased appetite for overseas acquisitions post the Rs 36,915 crore acquisition of state-run fuel retailer Hindustan Petroleum (HPCL), Chairman and Managing Director Shashi Shanker said.