The Indian government has signed a three-point bilateral agreement with the US government aiming to harness new technologies in the hydrocarbon sector. The agreement was signed between Oil Minister Dharmendra Pradhan and US Secretary of Energy Dr Ernest Moniz in Washington.
Category: Oil & Gas
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Tests at Kudankulam Unit II Completed
Tests at the second unit of the Kudankulam nuclear plant constructed with Russian participation have been completed.
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Lab testing facilities at NMPT
A NABL (National Accredited Board for testing and calibration Lab) certified Lab Testing Collection Centre for edible oil, chemicals and food grade items has been set up at New Mangalore Port Trust (NMPT), in line with the government´s policy on ´ease of doing business´.
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Panel begins work on preparing blueprint for refinery exports
An expert panel has begun work on drafting a blueprint for raising India´s oil refining capacity by 2040 with a view to not just meet demands of the fast expanding economy, but also to capture the export market. The 12-member Working Group for preparing an Approach Paper for enhancing refining capacity by 2040 held its first meeting on June 27, officials said.
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Petrol price cut by 89 paise per litre, diesel cheaper by 49 paise per litre
Petrol price was cut at the beginning of July by 89 paise a litre and diesel by 49 paise a litre, the first decrease in rates in two months. Petrol will cost Rs.64.76 a litre in Delhi as compared to Rs.65.65 per litre currently, Indian Oil Corp, the nation´s largest fuel retailer, announced. Similarly, diesel will cost Rs.54.70 per litre as against Rs.55.19 a litre.
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Ujjwala beneficiaries cautioned on scamsters
The Ministry of Petroleum and Natural Gas has appealed to the beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) not to be influenced by unscrupulous agencies in getting LPG connections.
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GAIL begins gas supplies to Wanfeng
GAIL has begun supplying gas to the India unit of the world´s largest automotive aluminium wheel producer Wanfeng Group. Gas supplies to Wanfeng Aluminium Wheels (India) Pvt Ltd´s plant at Rewari in Haryana commenced on June 27, company sources said.
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Kirloskar partners with Gulf Petro
UAE-based Gulf Petrochem has partnered with a subsidiary of Indian conglomerate Kirloskar Group to launch a specialised diesel engine oil in the Middle East and African markets.
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Mahanagar Gas makes strong debut
Mahanagar Gas (MGL) has listed at Rs.540, a 28 per cent premium against issue price of `421 per share, on the National Stock Exchange (NSE). The stock hit a high of 549 within minutes of listing. It also touched a low of Rs.532 in intra-day trading.
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Ruias plan to sell another 25per cent stake in Essar Oil
After stitching a deal to sell 49 per cent stake in Essar Oil to Russia´s Rosneft, the Ruia family is looking at selling another 25 per cent stake in the company to an oil trader or a strategic investor like Saudi Aramco.