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AUG 21 2018

India's thermal coal consumption to reach 1,076 MT by 2022-23: CRISIL

  • ETEnergyWorld, ETEnergyWorld / New Delhi, 21st August 2018 Published on : 21st August 2018
  • Created:Tue 21st AUG 2018

India's consumption of non-coking coal is expected to grow at a compound annual growth rate (CAGR) of 5.4 per cent to reach 1,076 million tonne (MT) in 2022-23 from 826 MT last financial year, ...

AUG 21 2018

Government defers Coal India stake sale again as stock falls

  • Debjoy Sengupta, ETEnergyWorld / New Delhi, 21st August 2018 Published on : 21st August 2018
  • Created:Tue 21st AUG 2018

  The government has advised Coal India that the deadline for a minimum 25 per cent public holding has been deferred by two years since the stock has underperformed, company ...

AUG 20 2018

FCCU shutdown not impacting Jamnagar refining business: RIL

  • PTI, ETEnergyWorld / New Delhi, 20th August 2018 Published on : 20th August 2018
  • Created:Mon 20th AUG 2018

  Reliance Industries (RIL) has said a short shutdown of one of the Fluid Catalytic Cracking Units (FCCUs) at its Jamnagar complex would not impact the production. Jamnagar ...

AUG 20 2018

Final hearing in Cairn arbitration against retro tax to begin on Monday

  • PTI, ETEnergyWorld / New Delhi, 20th August 2018 Published on : 20th August 2018
  • Created:Mon 20th AUG 2018

  The final hearing in British oil firm Cairn Energy plc's challenge to India imposing a Rs 10,247 crore retrospective tax demand will begin in The Hague tomorrow, people familiar ...

AUG 20 2018

HPCL arm Prize Petroleum takes a 24.41 crore hit

  • Kalpana Pathak, Live Mint / Mumbai, 20th August 2018 Published on : 20th August 2018
  • Created:Mon 20th AUG 2018

  Bad prospects have forced state-run Hindustan Petroleum Corp. Ltd (HPCL) to relinquish 19 of its 21 exploration and production blocks, ending its upstream ambitions. In its 2017-18 ...

AUG 20 2018

Vedanta to invest $2.3 bn on oil and gas, increase reserve base by 375 mn barrels

  • PTI, The Financial Express / Hyderabad, 20th August 2018 Published on : 20th August 2018
  • Created:Mon 20th AUG 2018

  Vedanta Limited has said it will be investing USD 2.3 billion towards capex on its oil and gas activities in the ‘near term’ to increase the reserve base by around 375 ...

AUG 20 2018

ONGC repays a third of Rs 24,881 cr loan taken to buy HPCL

  • PTI, The Financial Express / New Delhi, 20th August 2018 Published on : 20th August 2018
  • Created:Mon 20th AUG 2018

  State-owned Oil and Natural Gas Corp (ONGC) will not sell its stake in IOC and GAIL in the near future as it has used internal resources to repay close to a third of the Rs 24,881 ...

AUG 20 2018

ONGC Videsh makes progress towards recovering $400-m dues from Sudan

  • Our Bureau, The Hindu Business Line / New Delhi, 20th August 2018 Published on : 20th August 2018
  • Created:Mon 20th AUG 2018

  ONGC Videsh Ltd (OVL) and the Government of Sudan have held talks on mitigating the issue of payment default to OVL. The talks progressed on August 7 when a Sudanese government ...

AUG 20 2018

Coal India expects 367 mt output from 115 projects in 2018-19

  • PTI, Live Mint / New Delhi, 20th August 2018 Published on : 20th August 2018
  • Created:Mon 20th AUG 2018

  State-run Coal India Ltd (CIL) expects 367 million tonne output by the end of the current financial year from its 115 ongoing projects. The publi sector undertaking accounts for ...

AUG 20 2018

Coal scam: JSPL refutes charges against Chairman Naveen Jindal

  • PTI, ETEnergyWorld / New Delhi, 20th August 2018 Published on : 20th August 2018
  • Created:Mon 20th AUG 2018

  As a Delhi court framed criminal conspiracy and other charges against JSPL Chairman Naveen Jindal, the company has said that allegations were "completely false, frivolous and devoid ...

AUG 20 2018

CAG pulls up SAIL for huge coking coal import despite 3 captive mines

  • PTI, ETEnergyWorld / New Delhi, 20th August 2018 Published on : 20th August 2018
  • Created:Mon 20th AUG 2018

  The government's audit watchdog CAG has pulled up steel giant SAIL for being heavily dependent on imported coking coal despite having three mines for captive use. State-run ...

AUG 14 2018

Indian Oil Corporation to invest Rs 20,000 crore in city gas projects in 5-8 years

  • PTI, The Financial Express / New Delhi, 14th August 2018 Published on : 14th August 2018
  • Created:Tue 14th AUG 2018

  Indian Oil Corp (IOC), the nation’s largest oil company, plans to invest Rs 20,000 crore in city gas distribution projects in next 5-8 years as it bets big on gas business to ...

AUG 14 2018

Eyeing global reach: Government mulls listing of ONGC on overseas stock exchange

  • Saurabh Kumar, The Financial Express / New Delhi, 14th August 2018 Published on : 14th August 2018
  • Created:Tue 14th AUG 2018

  With a view to “having better access to foreign capital and have a global reach,” the government is considering listing state-run oil explorer ONGC on an overseas stock ...

AUG 14 2018

Petrochem hub policy will be made more attractive, says official

  • Our Bureau, The Hindu Business Line / Visakhapatnam, 14th August 2018 Published on : 14th August 2018
  • Created:Tue 14th AUG 2018

  The Centre plans to revise and make more attractive the petroleum, chemicals and petro-chemicals industrial region (PCPIR) policy with the involvement of all stakeholders, according ...

AUG 14 2018

MRPLs desalination plant likely to be ready by 2020

  • Our Bureau, The Hindu Business Line / Magaluru, 14th August 2018 Published on : 14th August 2018
  • Created:Tue 14th AUG 2018

  Mangalore Refinery and Petrochemicals Ltd (MRPL), which is setting up a water desalination plant near New Mangalore Port in Mangaluru, is expecting it to be ready by ...

AUG 14 2018

EIL to invest Rs 700 crore for LPG terminal at Okha

  • Maulik Pathak, Live Mint / Gandhinagar, 14th August 2018 Published on : 14th August 2018
  • Created:Tue 14th AUG 2018

  Energy Infrastructure (India) Ltd (EIL), a 100% subsidiary of the Netherlands-based Energy Infrastructure Butano (Asia) BV has been recently selected by Gujarat government to set up ...

AUG 14 2018

Maharashtra: Khadki Cantonment Board's civil, defence areas to soon get piped natural gas

  • sidharth Gaikawad, ETEnergyWorld / Pimri Chichwad, 14th August 2018 Published on : 14th August 2018
  • Created:Tue 14th AUG 2018

  Khadki Cantonment Board (KCB) will soon have the unique distinction of being the first cantonment board in the country to provide piped natural gas to all defence and civil areas in ...

AUG 14 2018

Adani walks away with gas rights for 21 cities; BPCL bags 11 cities

  • PTI, ETEnergyWorld / New Delhi, 14th August 2018 Published on : 14th August 2018
  • Created:Tue 14th AUG 2018

  Billionaire Gautam Adani's group has bagged licences to retail gas in 21 cities in the latest city gas distribution bid round that saw state-owned Bharat Petroleum Corp Ltd's unit ...

AUG 14 2018

IOC chairman says US sanctions on Iran pose no threat to Chennai refinery expansion

  • Reuters, ETEnergyWorld / New Delhi, 14th August 2018 Published on : 14th August 2018
  • Created:Tue 14th AUG 2018

  Indian Oil Corp's plans to expand its Chennai refinery are not likely to be threatened by the impending US sanctions against Iran, Chairman Sanjiv Singh said on Monday. IOC ...

AUG 14 2018

Kerala GAIL Gas Limited likely to be wound up

  • T Ramavarman, ETEnergyWorld / Thrissur, 14th August 2018 Published on : 14th August 2018
  • Created:Tue 14th AUG 2018

  The state government is likely to wind up the Kerala GAIL Gas Ltd (KGGL), floated towards the end of 2011 to execute 'city gas' projects in different parts of the state. The ...