Sembcorp Industries said yesterday its third-quarter numbers were hit by the continued downturn in the oil and gas sector, which dragged down its marine and offshore engineering businesses. Read more…
As the government carries on with its initiative to provide clean cooking fuel under the Pradhan Mantri Ujjwala Yojana (PMUY) it is also closely
The World Bank raised its crude oil price forecast for 2017 to $55 a barrel on Thursday from $53 a barrel, as it expects an output agreement among the Organization of the Petroleum Exporting Countries (OPEC) to help trim excess supply.
Renowned energy trader Mark Fisher is not parsing words when it comes to buying crude oil and natural gas — on Friday, he advised buying any dip in the commodities.
Royal Dutch Shell Plc said on Thursday it is selling $1.3 billion worth of non-core oil and gas properties in western Canada to Tourmaline Oil Corp, the latest example of the global oil major trimming its operations in the region.
Oil & Gas companies were trading firm in otherwise range-bound market with Oil and Natural Gas Corporation (ONGC), Petronet LNG and Gail (India) hitting their respective 52-week highs on the BSE in intra-day trade.
A Rosneft-led group of buyers just closed a deal for 98% of the Indian firm Essar Oil’s Vadinar refinery and oil terminal facility in a masterstroke for Russia’s Pivot to Asia.
Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) announced a 23% fall in its net profit at Rs 7,206 crore for the second quarter ended September 30, 2016 as against Rs 9,345 crore in the same period a year ago. The last year Q2 profit was higher on the back of income from sale of RIL’s US shale gas assets.
The Ethanol Blended Petrol (EBP) Programme was launched by the Government in 2003 which has been extended to the Notified 21 States and 4 Union Territories to promote the use of alternative and environment friendly fuels. This intervention also sought to reduce import dependency for energy requirements.However, since 2006, OMCs were not able to receive offers for the required quantity of ethanol against the tenders floated by them due to various constraints like State Specific issues, Supplier related issues including Pricing issues of ethanol.
The CCEA has approved the mechanism for revision of ethanol price for supply to state-owned OMCs) for smooth implementation of their Ethanol Blended Petrol (EBP) Programme. It has been decided that for the next sugar season 2016-17 during ethanol supply period from 1st December, 2016 to 30th November, 2017, the administered price of ethanol for the EBP Programme will be Rs.39/- per litre.
The Centre currently has a dedicated team of over 80 scientists. The centre is recognized by The Department of Scientific and Industrial Research (DSIR) and has collaborations with research institutes in India and abroad.
Union Minister of State (I/C) for petroleum and natural gas Dharmendra Pradhan dedicated the new Green R&D Centre of state-owned HPCL in Devengunthi, Bengaluru to the nation on 14th October, 2016.