United Arab Emirates: The state-run Abu Dhabi National Oil Co. will put a minority stake in its gas station subsidiary up on the local stock market.
L&T Hydrocarbon Engineering, a wholly-owned subsidiary of Mumbai-based engineering giant Larsen and Tubro(L&T), announced it has bagged an offshore contract from Oil and Natural Gas Corporation (ONGC) valued at Rs 1,276 crore.
Coal import for October came in flat at 16.65 million tonnes, underpinned by cautious buying of the fossil fuel by consumers due to high prices in the overseas market.
Seeking PMO’s intervention for adequate coal supply to the aluminium industry, key players have said the shortages have put 7.5 lakh jobs in the sector at risk and investments are bogged down by a heavy debt load of Rs 70,000 crore.
Uttar Pradesh Chief Minister Yogi Adityanath inspected Anpara Power Plant in Uttar Pradesh’s Sonbhadra district and said that the state government aims to make electricity available to citizens at cheaper rates.
Lauding India’s renewables and solar photovoltaic (PV) programmes, UNIDO’s India representative Renevan Berkel on Wednesday said more work is needed to bring everybody under the ambit of these iniatives.
India’s top refiner Indian Oil Corp on Wednesday began trading crude oil through its Singapore unit, buying a million barrels of Nigerian oil Akpo, the state-run company’s head of finance AK Sharma said.
State-owned CILtoday said its arm Mahanadi Coalfields Ltd (MCL) is examining the show cause notices issued to it by the Odisha government for violating environment norms and other regulations.
While the world braces for the electric-vehicle revolution, Royal Dutch Shell is betting on growing appetite for asphalt and plastics to sustain its century-old oil refining business for the coming decades.
Governments will try to bolster a 2015 pact to combat climate change at annual talks in Germany from Monday strained by President Donald Trump’s plan to pull out and instead promote the U.S. coal and oil industries.