India’s Oil and Natural Gas Corp (ONGC) is initiating discussions with domestic shipyards to construct two offshore jack-up drilling rigs, costing approximately $500-550 million. This investment aims to replace ONGC’s
Continue readingONGC in talks with domestic shipyards for two offshore rigs
The two planned refineries, likely to be located in Gujarat and Andhra Pradesh, will process 10-15 million tonnes each annually. ONGC and BPCL will partner with Saudi Aramco. This comes
Of the 21 million tonnes, approximately 12 million tonnes are firm, and 9 million tonnes are optional purchases, the company’s head of finance, Anuj Jain, said.
Gulf Oil and Piaggio India have extended their exclusive lubricant partnership until 2030. This renewed agreement covers factory fill, workshops, and retail, including BS-VI oils and EV fluids, for Piaggio’s
Continue readingGulf Oil renews partnership with Piaggio India for co-branded lubricants till 2030
French energy giant TotalEnergies has halted new investments in Adani Group companies following bribery charges against founder Gautam Adani. TotalEnergies stated it was unaware of the corruption investigation and will
Continue readingFrench energy giant Total says no new investment in Adani till bribe charges cleared
Ahead of the upcoming elections in Delhi, CNG prices in Mumbai and several other cities across the country have been increased by Rs 2 per kg, according to city gas
Reliance Industries Ltd’s recent underperformance was driven by weak refining margins and poor retail top-line growth. While refining margins have rebounded, retail growth remains uncertain. Despite this, Reliance is expected
Continue readingReliance's refining margins recover but retail remains uncertain
The National Company Law Appellate Tribunal (NCLAT) has granted Infrastructure Leasing & Financial Services (IL&FS) permission to sell its complete stake in IL&FS Paradip Refinery Water Ltd (IPRWL). This decision
The refinery project is a big win for N Chandrababu Naidu, whose Telugu Desam Party (TDP) provides crucial support to the Bharatiya Janata Party-led National Democratic Alliance (NDA) government at
Continue readingCM Naidu fulfills promise: Rs 60k cr BPCL project to come up near Andhra port
Vedanta Aluminium partners with GAIL Gas Ltd to supply natural gas to its Jharsuguda smelter, aiming to reduce carbon emissions by 47,292 tonnes annually. The transition, operational by the end
Continue readingVedanta Aluminium signs pact with GAIL for supply of natural gas