The Goa government today launched three biofuel-powered buses here on a pilot basis.
Reliance Industries’s first of its kind ethane import project is expected to add $300 million as operating profit for the petrochemicals business, officials told reporters in a media briefing on Wednesday.
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 50.56 per barrel (bbl) on 22.08.2017
State oil companies have cancelled the licences of 91 petrol pump dealers in Uttar Pradesh that had tampered with their dispensers to cheat fuel buyers.
State-owned utility GAIL India has signed three time-swap deals to sell some of its US liquefied natural gas (LNG) as it rejigs the supply portfolio in line with domestic demand.
British oil explorer Cairn Energy Plc has added another $249 million to the compensation it is claiming from India after the government set off a tax refund due to it to settle part of a retrospective tax demand.
ONGC plans to hire investment bankers to advise it on acquisition of government’s 51.11 per cent stake in oil refiner HPCL , apart from the one that the government will rope in to manage its disinvestment.
The Essar Group on Tuesday said it will pay an additional Rs 75.48 per share to Essar Oil’s ex-shareholders, who tendered their shares at the open offer in the run-up to the delisting of the company that was sold to the Russian giant Rosneft on Monday for USD 12.9 billion.
Mukesh Ambani-promoted RIL is looking at foraying into power-storage business in a bid to expand its profile in the renewable energy sector. It may also bring on board BP Plc which is already partnering it in oil and gas business.
Fed up with oil tanker owners’ frequent threat of strike to press their demands, Pakistan’s Economic Coordination Committee (ECC) is likely to allow Inter State Gas Systems (ISGS) to float a tender and invite companies to build an oil pipeline from Machike (Sheikhupura) to Tarru Jabba (Peshawar