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 …

Cabinet panel to discuss hike in diesel, LPG, kerosene prices

In a step that is likely to hit consumers further, the Petroleum and Natural Gas Ministry has moved the Cabinet for a hike in prices of diesel, LPG cylinders and kerosene. The Cabinet will also discuss putting a cap on number of subsidised cylinders for each household up to a …

CAG raps ONGC for hiring RIL rig without calling for bids

GAIL pulled up for undue benefit of Rs 246 crore to private firms The Comptroller and Auditor General (CAG) has pulled up Oil and Natural Gas Corporation (ONGC) for hiring a drilling rig from Reliance Industries (RIL) without calling for competitive bids. It also indicted GAIL (India) for giving over …

Petrol subsidy burden bleeds upstream oil companies dry

New Delhi Rising global crude oil prices over the last four years have inflated India’s subsidy bill, but the burden on the exchequer could have been higher hadn't the fiscally-conscious government reduced its share of the onus, at the cost of upstream oil companies. According to official data, between 2008-09 …

CAG drills holes in 4-year ONGC rig deal with RIL

New Delhi: The comptroller and auditor general (CAG)has slammed state-run explorer Oil and Natural Gas Corporation (ONGC) for deviating from standard procedure to hire a drilling rig without sufficient reason from Mukesh Ambani’s Reliance Industries Ltd in 2009. ONGC “deviated from standard tendering procedure and hired a rig, viz Dhirubhai …

ONGC to keep Taj clean

Going ahead with its ambitious 'Clean India' campaign, the Tourism Ministry has roped in oil PSU ONGC to keep six major tourist sites, including Taj Mahal and Konark Temple clean and environment-friendly. "ONGC has expressed its willingness to join the Clean India campaign and take up six tourist destinations across …

Maharashtra wants Centre to take over KG-D6 fields

Continuous fall in output triggers request as Ratnagiri plant output threatened Falling gas production from Reliance Industries’ KG-D6 fields has led the Maharashtra government to ask the Centre to take over the wells and declare those as national assets. The state has resorted to this move as it fears that …

Driving The Wrong Way

If the government can’t raise diesel prices, it should at least stop subsidising diesel cars The public sector oil marketing companies are bleeding due to large under-recoveries on account of diesel. They have been waiting for the government to raise their prices. Since the under-recovery on petrol is around one-tenth …

Two Shell Gas subsidiaries get Guj HC nod for amalgamation

The Gujarat High Court on Tuesday gave sanction to scheme of amalgamation of Hazira Gas Private Limited with Hazira LNG Private Limited, both joint venture companies between Shell Gas BV and Total Gas Electricite Holdings, France. The scheme of amalgamation was sanctioned by Justice Abhilasha Kumari, who observed, "upon considering …

PM sets up GoM to decide on ethanol blending in petrol

Exactly two years later, Prime Minister Manmohan Singh has set up yet another Group of Ministers (GoM) after key ministries disagreed on the basic tenets of a 2007 Cabinet decision to blend ethanol extracted from sugarcane in petrol. Last Thursday, the Cabinet Committee on Economic Affairs agreed on creating a …

Kerosene cash transfer lures 11 states

New Delhi In a major boost to the Centre’s efforts to target subsidies to the neediest, 11 states have already signed up to the plan to transfer cash directly to the chosen beneficiaries to disburse kerosene subsidy. The scheme aims to plug leakages in the public distribution system. The 2012-13 …

Petrol may cost more by 3/litre

Mumbai: The stage is set for another round of petrol price hike with the Indian basket of crude oil increasing by over $10 to $113 per barrel since the prices were revised last on July 24. Given their mounting losses, oil marketing companies (OMCs) are putting pressure on the government …

RIL-BP to supply gas to Andhra power projects

Entering another important segment of the natural gas business, Reliance Industries Ltd and BP India are in talks with gas-starved power projects of Andhra Pradesh to supply long-term liquefied natural gas (LNG). India Gas Solutions (IGS), the equal joint venture between the two companies, is looking to sell LNG to …

Union minister refutes Guj govt's claim on gas allocation

Union Minister of State for Petrochemicals and Natural Gas, RPN Singh on Sunday refuted claims made by Gujarat government of discrimination over allocation and pricing of natural gas. The minister who was in Ahmedabad to attend the review meeting of oil marketing companies alleged that the state government was misleading …

RIL, Essar take fuel battle against OMCs to tribunal

Forced to scale down petroleum retail operations, Reliance Industries Ltd and Essar have taken their predatory pricing complaint against government oil marketing companies (OMCs) to the Appellate Tribunal for Electricity. In July, the PNGRB (petroleum and natural gas regulatory board) had dismissed a plea of these private fuel retailers against …

Villagers protest against oil exploration

IMPHAL: There shall be no public hearings relating to oil exploration in Manipur. On Friday, a public hearing held at Nungba in Tamenglong district had to be wound up following protests from the villagers. The private company had plans to explore oil in 17 different places of the State. The …

Shale Gas is bad news for renewables - leading think tank

Worries are surfacing that the shale gas boom could have a negative impact on the renewable industry according to a report published this week from UK think tank, Chatham House. In an interview with the author, Professor Paul Stevens told edie that questions over the extent to which the thriving …

E&P Firms Seek NE Fiscal Sops

Include exploration & production in NEIIP list, say energy companies. Energy firms such as ONGC, Oil India, Jubilant Energy and Assam Company have urged the government to include oil and gas exploration and production (E&P;) business in the list of industries getting fiscal incentives in the North East. The North …

RIL says will drill KG-D6 well at own cost

Desperate to reverse the falling output at its KG-D6 block, Reliance Industries (RIL) has proposed to drill the first exploration well in almost five years in the flagging gas fields at its own cost. Dhirubhai-1 and 3 (D1 & D3) gas fields, the largest among the 18 gas finds on …

SC notice to Centre, IGL on PNGRB powers to fix tariff

New Delhi The Supreme Court on Thursday issued notice to Delhi’s gas utility Indraprastha Gas Ltd (IGL) and the Centre on a petition challenging the Delhi High Court judgment that held that petroleum and natural gas regulator PNGRB has no jurisdiction to fix rates or regulate gas tariffs. A bench …

Oil cos may get to revise prices daily

Petrol: Stung by the mass protest against the price hike of petrol last May, the UPA government has decided not to pass on the current under-recovery of Rs 3.56 on a litre of petrol to the people. At a meeting last Tuesday, the Prime Minister’s Office told the Petroleum Ministry …

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