Seven oil and gas firms are expected to report a 17 percent decline in revenue in the quarter-ended June over the previous three months. Net profit is expected to remain flat, while earnings before interest, depreciation and amortisation may rise 27 percent, according to Bloomberg consensus estimates.
Household LPGconsumers of Telangana and Andhra Pradesh have locked horns, albeit unknowingly, in the race for opting out of subsidised kitchen cylinders in wake of PM Narendra Modi’s “give-it-up” calls.
Indian Oil Corporation today launched 450-kg Indane Jumbo LPG cylinder in the Indian market. Indane Jumbo called the “Mini-Bulk” is available in minimum footprint size with a flow rate of up to 2,000 kg/hour and does not require license to use.
Fuel crisis looms large in Tripura over past three days, as Tanker Association has been agitating over the demand of 30 per cent hike of transportation cost following introduction of daily pricing policy of petroleum products
Modi-Trump Summit has successfully open the avenues of natural gas cooperation between the U.S. and India. The scope of this cooperation is based on the premise of the U.S. shale gas boom and technology advancement in hydrocarbons, which can not only help India to increase its domestic gas production but also increase its share of LNG exports to India.
State-owned Hindustan Petroleum Corporation (HPCL) has joined the Indian consortium negotiating buying a 49 per cent stake in Russia’s Vankor Cluster oil fields in the Arctic region.
The Petroleum and Explosives Safety Organisation (PESO) on Thursday urged oil companies to instruct all petrol pump dealers not to entertain vehicles of firms catering to home delivery of fuel, including petrol and diesel.
Petronet LNG Ltd, India’s biggest importer of liquid gas, is in talks to buy 25 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) almost- complete Rs 4,500-crore Mundra LNG import terminal in Gujarat.
Will minimise road transport of bulk LPG, improve safety
Indian Oil Corporation’s upcoming LPG Import Terminal at Puthuvypeen, Kochi, will significantly help reduce the backlog for LPG cylinder supply in Kerala, which is currently at about 15 days.
Petroleum Ministry direct oil PSUs to pay Rs 200 crore for building 182-metre tall statue of Sardar Vallabhbhai Patel
In order to build a 182-metre-tall statue of Sardar Ballabhbhai Patel at the Sadhu Bet island, the Petroleum Ministry has instructed oil and gas Public Sector Undertakings (PSUs) to pay at least Rs 200 cr.