L&T wins over Rs 7,000 crore contract from HPCL

L&T wins over Rs 7,000 crore contract from HPCL

Engineering and construction major Larsen & Toubro on Wednesday said its arm LTHE has won a mega project from Hindustan Petroleum Corporation. As per the company’s scheme classification, the mega project bagged by L&T Hydrocarbon Engineering Ltd (LTHE) is worth over Rs 7,000 crore.

Indian oil fuels to go greener by next year

Indian oil fuels to go greener by next year

Indian Oil Corporation (IOC) fuels including diesel, petrol would upgrade to Bharat Stage (BS) VI from the current BS-IV stage by 2020, which could reduce the emissions substantially, said D L Pramod, executive director, Indian Oil, Karnataka.

Oil prices fall as global demand concerns grow

Oil prices fall as global demand concerns grow

Oil prices fell on Monday, weighed down by concerns about economic growth and signs of ample global supplies.
Global benchmark Brent crude was down 47 cents at $58.95 a barrel by 1153 GMT. US West Texas Intermediate crude oil declined 34 cents to $53.44 a barrel.

Global energy giants line up for BPCL sale

Global energy giants line up for BPCL sale

Saudi Aramco, Rosneft, Kuwait Petroleum, ExxonMobil, Shell, Total SA and Abu Dhabi National Oil Co. are among companies that have had conversations with the government on asset sales and are likely to bid for the government’s stake in Bharat Petroleum Corp. Ltd, two people aware of the matter said.

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