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 …

PMO directs Petroleum Ministry to revamp DGH

In a significant decision, the Prime Minister’s Office (PMO) has directed the Petroleum and Natural Gas Ministry to carry out a revamp of the Directorate-General of Hydrocarbons (DGH) within three months with focus on strengthening its technical, legal and financial aspects to make it a world class body for better …

Govt mulls cooking gas subsidy cut, partial decontrol of diesel

Bangalore: The government is close to taking a decision on capping the number of subsidized LPG cylinders to “econonomically not weaker” sections to bring down the subsidies by up to Rs 10,000 crore annually, minister of state for petroleum and natural gas R P N Singh said on Wednesday. The …

Green signal for RIL’s KG-D6 capex plans

The petroleum ministry on Tuesday promised expeditious clearances to a proposal made by Mukesh Ambani-run Reliance Industries (RIL) and partner BP India to make fresh investments at four blocks at its KG-D6 gas field. The move comes amid RIL’s legal battle with the government over the latter disallowing the desired …

Crude breaches $100, fuel may get dearer

Government Likely To Hike Prices After Prez Polls If Upward Trend Continues. Crude price has breached the psychological $100 a barrel mark once again after a gap of 45 days and is expected to squeeze the space for opposition to an upward revision in fuel prices. State-run refiners paid $100.50 …

GSPC reviews Egyptian project

Six Months After Govt Nod, PSU Looks At Financial Viability Gandhinagar: Just six months after the Gujarat government reluctantly decided to give a go ahead to Egyptian operations of the PSU, Gujarat State Petroleum Corporation (GSPC) has called for a complete review of whether it is worth continuing. Well-placed Sachivalaya …

China puts Indian oil block up for auction

Drawing India into the South China Sea muddle, China has put up a Vietnamese petroleum block under exploration by an Indian oil firm for global bidding. While the move was meant to counter a Hanoi legislation asserting the country’s control over offshore areas and islands, which Beijing considers disputed, it …

Brazil Says Chevron Fine Unlikely to Surpass $25 Million

Brazil's National Petroleum Agency, or ANP, is unlikely to fine U.S. oil major Chevron Corp. CVX +0.73% more than 50 million Brazilian reais ($24.5 million) for its role in a November oil spill off Brazil's coast, ANP Director Magda Chambriard said Monday. The ANP is expected to release its report …

Gas board to move apex court against Delhi HC order on IGL

The Petroleum and Natural Gas Regulatory Board (PNGRB) has decided to challenge the order of the Delhi High Court that had struck down its order on rates and compression charges of Indraprastha Gas Ltd (IGL), the monopoly supplier in this city. It will shortly file an appeal in the Supreme …

Oil ministry repeats query on CBM gas pricing to Reliance

New Delhi In a move seen as delaying tactics, the oil ministry has posed a query to Reliance Industries on its CBM gas pricing that is a repeat of a question the firm had replied to over two months back. Days before a 60-day deadline for approval of RIL's import …

High-powered panel to decide on RIL plea for higher gas price

The Empowered Group of Ministers on natural gas pricing and utilisation will decide on the issue Reliance Industries' demand for tripling of KG-D6 gas price from April 1, 2014, will be referred to a high-powered ministerial panel for a decision, a top oil ministry source said today. RIL has sought …

Government may increase diesel price this month

New Delhi The government may increase the price of diesel later this month to reduce the rising oil subsidy burden, a senior petroleum ministry official said on condition of anonymity. The proposal to raise diesel prices has been kept in abeyance for a long time even though oil companies are …

Hiranandani to invest Rs 3k cr for Haldia LNG terminal

The Hiranandani Group has drawn up plans to invest about Rs 3,000 crore to set up four-million-tonne (mt) liquefied natural gas (LNG) terminal at Haldia in West Bengal, a move that will help the Mumbai-based group cater to the needs of the eastern India market. In October last year, Business …

GSPC-led consortium may sweeten bid for BG’s stake in Gujarat Gas

Mumbai The consortium comprising Gujarat State Petroleum Corporation (GSPC), Oil and Natural Gas Corporation (ONGC), Bharat Petroleum (BPCL) and Oil India (OIL) is likely to sweeten its bid for British Gas’ (BG) 65.12% stake in the Rs. 2,500-crore Gujarat Gas Company, ending months of impasse over the valuation of India’s …

Oilmin to cancel RGTIL’s permits for laying gas pipelines

New Delhi The oil ministry has decided to cancel permits issued to billionaire Mukesh Ambani’s privately owned RGTIL to lay four natural gas pipelines saying there were inordinate delays in construction of the 2,175-km lines. The ministry refused to buy RGTIL’s argument that the government has already allocated all of …

8 Indian Cos in Fortune 500 List

Out of eight, five are state-run cos; Indian Oil & RIL find place in the top 100. Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with Indian Oil and Reliance Industries finding a place in the top 100. Out …

GAIL nears $12bn US gas deal

New Delhi:State-run gas utility GAIL is in the final stages of signing a 20-year deal for shipping two million tonnes of gas a year from a facility for exporting shale gas in liquid form that is coming up in the US east coast, sources close to the development said. The …

Oilmin may refer CBM gas pricing issue to CCEA

New Delhi The oil ministry may seek the approval of Cabinet Committee of Economic Affairs on the long pending issue of coal bed methane (CBM) gas pricing of Reliance Industries and Essar Oil. “A committee of secretaries is finalising the CBM pricing for the two companies and once its report …

Cabinet hopes ‘feel good’ steps can reverse ‘climate of pessimism’

Days after Prime Minister Manmohan Singh took additional charge of the finance ministry and called for the need to revive the economy by reversing the ‘climate of pessimism,’ the government took a series of ‘feel good’ policy decisions. The Union Cabinet and Cabinet Committee on Economic Affairs (CCEA), in their …

Cabinet nod for Rs 92,000 cr petrochem zone in TN

Project to come up at Cuddalore and Nagapattinam districts, supporting infra to cost Rs 13,000cr The Cabinet Committee on Economic Affairs today approved the proposal of the Government of Tamil Nadu to set up a Petroleum Chemicals and Petrochemicals Investment Region (PCPIR). The region is expected to attract an investment …

ONGC gets carbon credits for wind power project

ONGC has received 121,207 carbon credits for its 51 MW wind power project at Bhuj in Gujarat, the company said in a statement. These credit points have been given by the United Nations body on climate change — United Nations Framework Convention on Climate Change.“This is the first issuance of …

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