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Category: Oil & Gas
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Centre wants to curb oil imports, will encourage use of alternate fuels
The country is planning to reduce its dependence on oil imports and turn to use of alternate fuels. Fuels like ethanol are already being utilised by a few players in the Indian transportation sector.
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Emissions need to be cut down by 20% in next 15 years
FICCI, in partnership with the Ministry of Environment, Forest and Climate Change (MoEFCC), Government of India, the World Bank Group, the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB), with the support of GIZ, organised the 10th edition of the India Climate Policy and Business Conclave at The Park hotel in New Delhi. The Conclave drew 200 participants from business and industry, Central and state governments, representatives from nearly 35
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IOC may take Odisha to court over Paradip refinery tax sops
Indian Oil Corp (IOC) may drag the Odisha government to court for reneging on its promise to give tax concessions to its Rs 34,555 crore Paradip refinery in the state.
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Contract awarded for 31 Tamil Nadu oil fields
The Cabinet Committee on Economic Affairs (CCEA) has approved the award of 31 contract areas as part of the Discovered Small Field (DSF) Bid Round 2016.
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Contract awarded for 31 Tamil Nadu oil fields
The Cabinet Committee on Economic Affairs (CCEA) has approved the award of 31 contract areas as part of the Discovered Small Field (DSF) Bid Round 2016.
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Petronet LNG Q3 net up 133percent at Rs.397 crore
Petronet LNG Ltd has more than doubled its net profit to Rs 397 crore in the third quarter ended December 31 as it handled record volumes of imported gas. Net profit in October-December at Rs 397 crore was 133 per cent higher than Rs 171 crore in the same period a year ago.
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HPCL Q3 net up 53percent at Rs.1,590 crore
Hindustan Petroleum Corporation Ltd (HPCL) has reported a 53 per cent rise in net profit for the October-December 2016 quarter owing to better operational performance. For the December 2016 ended quarter, HPCL's net profit was Rs 1,590.31 crore, 53 per cent higher from Rs 1,041.25 crore reported last year.
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Centre agrees to pay Rs.6,320 crore as oil royalty to Assam
The Centre has agreed to pay Rs 6,320 crore to the Assam government as crude oil royalty as part of an out-of-court settlement after eight years of protracted legal battle. The amount will be paid by the Central government to the Assam government over a
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L and T Hydrocarbon Engineering gets 5-year job order from Shell
Larsen and Toubro Hydrocarbon Engineering has said that it has signed a five-year framework agreement with Shell for engineering, procurement and construction management services.