The LPG bottling plant of the Indian Oil Corporation at Periyakalandai village near Kinathukadavu conducted an emergency response drill on Thursday as part of the Fire Safety Week valediction.
Falling margins may hurt oil refiners while a rise in crude prices is expected to help oil and gas explorers post better earnings in the January-March quarter of the financial year 2016-17.
It would make more sense for Indian Oil (IOCL), the country’s biggest refiner, to acquire rival Bharat Petroleum or Hindustan Petroleum or natural gas marketing company GAIL (India) than a producer like Oil India as part of the government’s plan to create a major state-owned energy company
Three public sector undertakings of the Central Government on Sunday signed a Memorandum of Understanding (MoU) for import of crude oil through Paradip Port for the proposed refinery expansion of Numaligarh Refinery Limited (NRL) in Assam from three million tonne per annum (MTPA) to nine MTPA
Come May 1, five cities across India — one in every region including Chandigarh in Northern region, Jamshedpur in Eastern region, Udaipur in West and Vizag in Southern region besides Puducherry will start selling petrol and diesel on a daily dynamic pricing model.
The National Green Tribunal on Thursday directed public sector oil companies to stop plying Bharat Stage-I and Bharat Stage-II vehicles for transporting petrol or petroleum products in the national capital
ET Intelligence Group: Earnings of oil and gas exploration and refining companies may come under pressure following the rupee’s appreciation against the dollar.
Royal Dutch Shell Plc’s India unit and Bharat Petroleum Corp. Ltd (BPCL), the country’s second largest fuel retailer, may team up to help the latter set up an energy trading unit in Singapore, two officials aware of the development said.
Four public sector undertakings—Indian Oil Corporation, Bharat Petroleum (BPCL), Hindustan Petroleum (HPCL) and Coal India — are paying an out-of-turn second interim dividend to help the government shore up its revenues. Most of these companies paid interim dividends less than a month ago.
State-run Indian Oil Corporation Ltd (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) have declared a combined special dividend of `4,570 crore following pressure from the government,