With half a day of coal stock left -in the words of energy minister D K Shivakumar recently -Karnataka is staring at a thermal power crisis.
Once again crude oil prices started firming up. The price of benchmark Brent oil has gone up 35% from its 52-week low of $44.43 a barrel. In fact, it has gone up by 109% from its two-year low of $28.94 reached in January 2016.
Vedanta Resources Plc will invest roughly $9 billion in India over the next few years to expand its hydrocarbons, metals and mining businesses and meet more of India’s requirements of these commodities locally, executive chairman Anil Agarwal said in an interview.
State-owned explorer ONGC Ltd could borrow about Rs 25,000 crore to acquire downstream refiner HPCL, which will create the country’s first integrated oil and gas company.
State-run petroleum explorer Oil and Natural Gas Corporation(ONGC) could opt for borrowings to the tune of around Rs 25,000 crore to fund its acquisition of downstream refiner Hindustan Petroleum Corporation (HPCL), according to Moody’s Investors Service.
State-owned Indian Oil Corp(IOC) has been given green nod for augmenting its Koyali-Sanganer pipeline (KSPL) capacity up to 6 million tonnes per annum (MTPA) from existing 4.6 MTPA at a cost of Rs 273.23 crore, a senior government official said today.
State-owned Indian Oil Corp. Ltd (IOC) has been given green nod for augmenting its Koyali-Sanganer pipeline (KSPL) capacity up to 6 million tonnes per annum (MTPA) from existing 4.6 MTPA at a cost of Rs273.23 crore, a senior government official said on Monday.
The government has called a snap bid for procurement of electric vehicle chargers on October 30 to ensure ready availability of charging stations by next month, as vehicles from the first phase of electric vehicles tender start coming in.
Indian oil firms are in talks with state-run Abu Dhabi National Oil Company (Adnoc) to acquire a stake in its ADMA-OPCO offshore oil concession when it comes up in 2018, Indian officials said.
That is, those two varieties of U.S.-produced crude oil are spearheading American exporters’ direct challenge to OPEC for market share in Asia.