Petrochemical Industry

Order of the National Green Tribunal regarding an illegal cracker unit in Thanjavur district, Tamil Nadu, 29/05/2025

Order of the National Green Tribunal in the matter of News Item titled "2 killed in blast at illegal cracker unit in Thanjavur appearing in The Hindu dated 19.05.2025". The application is registered suo-motu on the basis of the news item titled 2 killed in blast at illegal cracker unit …

Petroleum Ministry asks RIL to cooperate with CAG audit

Following the tough stand taken by the Comptroller and Auditor General (CAG) against buckling down to any conditions for undertaking audit of Reliance Industries Limited’s (RIL) KG-D6 oil and gas block, the Petroleum Ministry has asked RIL to submit itself to CAG audit warning that any further delay would be …

Moily pulls Reddy note against KG price hike

New Delhi In a rare administrative move, petroleum and natural gas minister Veerappa Moily has withdrawn a note circulated by his predecessor Jaipal Reddy to the members of a ministerial panel, which had opposed an immediate price hike sought by Reliance Industries (RIL) for the gas from its KG-D6 block. …

BP agrees to record criminal penalties for U.S. oil spill

BP Plc will pay $4.5 billion in penalties and plead guilty to criminal misconduct in the Deepwater Horizon disaster, which caused the worst U.S. offshore oil spill ever. U.S. Attorney General Eric Holder called the deal a "critical step forward" but was adamant that it did not end the criminal …

CAG hits back at RIL, British Gas

Asks Petroleum Ministry to withhold approvals for their failure to submit records Upset at the repeated failure of Reliance Industries Limited (RIL) to submit for audit records and information relating to the Krishna Godavari D6 block, the Comptroller and Auditor-General has asked the Petroleum Ministry to withhold all approvals to …

PetroMin officials to explain RIL D6 block's revenue implications, price-rise demand

Parliament’s standing committee on finance has summoned senior petroleum ministry officials to explain the revenue implication of falling gas production from Reliance Industries Ltd’s (RIL’s) D6 block in the Krishna-Godavari basin (KG-D6) and the company's demand to increase the price. Earlier this month, it had questioned the finance and revenue …

BP steadily moving beyond Gulf of Mexico spill disaster

BP's $4.5 billion settlement of federal criminal charges in the massive oil spill in the Gulf of Mexico off the US coast in 2010 is a record amount, and a significant sum of money. Or, looked at another way, the settlement announced Thursday is less than the $5.5 billion in …

Stop fresh investments in KG-D6: CAG

The Comptroller and Auditor General (CAG) has asked the oil ministry not to approve any more investments in Reliance Industries’s KG-D6 oil and gas block till the company submits all records of its spending in the Andhra offshore field till 2011-12 for scrutiny. In a November 9 letter to the …

Distillery non polluting: Mittal

The chairman and managing director of Bathinda Chemicals Limited (BCL) Rajinder Mittal claimed that his distillery located near the Machhana village was not creating pollution, as had been claimed by the members of the NGO, Association for Democratic Rights (AFDR). Mittal claimed his unit was among the best managed distilleries …

Parliamentary panel orders Ministry study of Reliance gas production row

Parliament’s Standing Committee on Finance has ordered a comprehensive study into allegations that Reliance Industries Limited may have deliberately scaled back production of gas from fields in the Krishna-Godavari basin, a highly-placed source in the body has told The Hindu . The Finance Ministry has been given time till November …

Petrol to get cheaper by 95 paise/l from today

Mumbai In what could be a festival gift for consumers from oil marketing companies, the price of petrol has been reduced by 95 paise per litre effective Friday. But the relief may be shortlived as state-owned retail entities have expressed concern over the “significant” volatility in dollar-rupee exchange rate that …

Reliance seeks threefold hike in KG-D6 gas price

New Delhi Amid the controversy over the pricing of gas at its KG-D6 block, Reliance Industries (RIL) has reiterated its demand for a steep hike in the price in a letter to the prime minister’s economic advisor C Rangarajan. Seeking what is called “import parity price” for domestically-produced gas, the …

Oil exploration works opposed in Manipur

Imphal: United Committee on Protection of Natural Resources, Tipaimukh has demanded that the Manipur Government and Jubilant Oil and Gas Private Limited withdraw all efforts of exploration in the area. All the MoUs signed on the issue should be declared as null, invalid and void and the government should immediately …

RIL Gets Nod to Drill New Well in D6

The government has approved Reliance Industries’ plan to start drilling for developing a new area in KG-D6, the first major decision after Veerappa Moily took charge at the oil ministry late last month. The decision is seen as a shot in the arm for exploration companies, particularly Reliance Industries that …

BP agrees to pay $4.5 billion in penalties for U.S. oil spill

BP Plc will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster, which killed 11 workers and caused the worst U.S. offshore oil spill ever. The settlement includes a $1.256 billion criminal fine, the largest such levy in U.S. history, the oil company …

Oil ministry readies LNG infra policy

New Delhi The petroleum ministry will soon come out with a policy on setting up LNG infrastructure in the country to expedite the development of the domestic gas market, hobbled by the wide gap between demand and indigenous production of the green fuel. While the petroleum and natural gas regulatory …

Oil regulator fixes RGTIL East-West gas pipeline capacity at 85 mscmd

The Petroleum and Natural Gas Regulatory Board (PNGRB) has fixed the capacity of Reliance Gas Transportation Infrastructure Ltd’s (RGTIL) East-West gas pipeline at 85 million standard cubic meters per day. East-West pipeline, which ferries gas from Reliance Industries’ eastern offshore KG-D6 fields from its landfall point at Kakinada in Andhra …

OIL Pipeline completes 50 years

GUWAHATI, Nov 9 – Oil India Pipeline has completed its 50 years of dedicated service to the nation. To mark the occasion, a technical seminar was organized at NEDFi House today, a press release received here said. While inaugurating the seminar, S Rath, Director (Operation) Oil India Limited, lauded the …

RIL spells out audit conditions

Contrary to its assertion that it was ready for an audit by the CAG), RIL had sought to lay down conditions on an audit of the KG-D6 block, including one that the report should not be tabled in Parliament, making it virtually impossible for a “proper or transparent” audit to …

CAG rebuffs Reliance on gas audit terms

RIL had sought, inter alia, to restrict KG-D6 block audit to accounting books and records Refusing the demands of the Mukesh-Ambani-owned Reliance Industries Limited (RIL), the Comptroller and Auditor General (CAG) has stated that the operator’s “restrictive conditions” for carrying out an audit of the KG-D6 offshore block “impinge upon …

Jayanthi rushes to TN to inspect ONGC oil leak

Environment Minister Jayanthi Natarajan rushed to Nagapattinam in Tamil Nadu on Monday night to inspect a massive crude oil spill from a pipeline belonging to the Oil and Natural Gas Commission. The Environment Ministry received reports that around 100 acres of farmland in a village in Nagapattinam were destroyed due …

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