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 …

CNG dealers withdraw strike

MUMBAI: CNG dealers withdrew their strike call for Saturday after oil marketing companies hiked commission rates by 55%. Ravi Shinde of the Petrol Dealers Association said, "We are happy that the issue has been settled amicably, and resolved without inconveniencing the public." He said the oil industry has now agreed …

Govt approves RIL’s $1.5 bn KG-D6 satellite field plan

The regulatory panel overseeing the performance of Reliance Industries’ prestigious D6 block in the Krishna Godavari basin on Tuesday approved the company’s plan to develop four satellite fields at an estimated cost of $1.5 billion. The oil and gas major is keen to develop the fields around their producing D1 …

Rel Power, Shell Plan East-Coast LNG Unit: In talks for equal JV to set up terminal at Kakinada

Anil Ambani-promoted Reliance Power and energy giant Shell are in talks to jointly set up India’s first east-coast LNG terminal to fuel factories and power plants that are eyeing imports as output from the D6 block has fallen sharply, three people familiar with the matter said. Several companies, including Petronet …

ONGC plans to invest $2.89bn in KG gas find

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) plans to invest $2.89 billion (about Rs 15,340 crore) in developing its ultra-deepsea UD-1 gas discovery in the Krishna Godavari basin by 2016-17. ONGC believes that UD-1 gas discovery in the southern part of its Block KGDWN-98/2 can produce for 14-15 …

Oil is still indispensable

Year 2011 was been a year of records for the oil business. It was a year when despite the sovereign debt tumult in Europe, the consumer “balance sheet”, recession in the US and the general economic slowdown in the BRIC countries, the price, demand, revenues and expenditures related to petroleum …

India, Pak to start power, petro trade

Plan To Transfer 500MW From Amritsar, Surplus Diesel From Bathinda Refinery New Delhi:India and Pakistan are strengthening business links in 2012, with the stage set to start trading in electricity and petroleum products. Officials from the two countries have decided to trade in electricity through a specially-built high voltage direct …

State asked to spell out land acquisition policy

Justice C.V. Nagarjuna Reddy of the High Court on Thursday directed the State government to clearly spell out its policy for acquiring large areas of land and giving it away in the name of petro-chemical corridors and Special Economic Zones (SEZs). The Judge expressed dismay how such huge extents are …

Petrol prices may go up by Rs 2.25 from January 1

NEW DELHI: State-run oil firms plan to raise petrol prices by about Rs 2.25 a litre from Sunday unless the government asks them to defer the move in view of assembly elections, company executives said. Oil companies revise petrol prices every two weeks but in the middle of this month, …

Oil Ministry to Cap RIL’s Spend on Developing New KG-D6 Gas Fields

Has deferred decision on the critical issue of allowing the company to fully recover previous costs The oil ministry plans to impose cost limits on the development of new KG Basin gas fields by Reliance Industries, and has deferred its decision on the critical issue of allowing the company to …

Decision on petrol price hike on Dec 31

New Delhi: State-run fuel retailers could raise petrol price by around a rupee per litre on the New Year day, provided they succeed in securing a cue from the government that is staring at assembly polls in five states, beginning January-end. “International price of gasoline are more or less at …

Petrol & Natural Gas Board Pushes for Deregulation of Gas Prices

The Petroleum and Natural Gas Regulatory Board (PNGRB) is aggressively pushing for deregulation of gas prices to encourage private investment and lure oil companies to invest in exploration and ramp up production from existing fields, a senior regulatory official said. The government has fixed the price of natural gas at …

24 pc increase in power demand in State

GUWAHATI, Dec 16 – State Power Minister Pradyut Bordoloi today said that there has been a 24 per cent increase in the demand for power in the State from a time when per capita consumption was one of the lowest in the country and that Assam has initiated several initiatives …

Costlier Gas for Merchant Power Plants

Fuel price hike, which has come under CAG pressure, will worsen crisis for power sector The government’s desire to be on the right side of its top auditor by increasing fuel prices for merchant power plants is likely to worsen the crisis in the sector reeling under high input costs …

Overnight crorepatis sprout in Barmer sands

Realty Prices Skyrocket Amid Big-Ticket Investment By Cairn India, JSW Energy Barmer: Mularam has learnt quickly how to fend off the pushy and persistent insurance agents. But his worries don’t end there. Becoming an overnight crorepati hasn’t been easy for this street vendor. His ancestral house amid the sprawling Bajra …

Govt Wants Fresh Estimate of RIL’s KG-D6 Reserves

The oil ministry has asked Reliance Industries (RIL) to prepare a fresh estimate of gas reserves in satellite fields of the KG-D6 block and submit a cost assessment for developing the new discoveries, further delaying the $1.5-billion plan to raise gas output by 10 million cubic metres a day. The …

RIL Turns to PM, FM for D6 Approvals: Deal with BP not yet fully functional

Reliance Industries (RIL) has told the government that already declining production at its trophy asset, the D6 block in offshore Andhra Pradesh, could plummet drastically if its investment plans are not approved forthwith. Senior RIL officials led by Chairman Mukesh Ambani have met Prime Minister Manmohan Singh and Finance Minister …

Petrol Prices to be Revised Every 15 Days

Move to align rates with global crude prices. State-run oil firms will revise petrol prices every two weeks if domestic prices need to be aligned with international levels, as they prepare to replace the opaque pricing mechanism with a transparent and predictable system, top executives said. Oil companies also clarified …

State Oil Cos Slash Petrol Prices But Hike ATF Fuel

The cut of . 2.22/L in petrol prices is bigger than the . 1.82/L hike less than 2 weeks ago Petrol prices have fallen . 2.22 a litre in Delhi as state oil firms cut rates for the first time in 33 months citing favourable trends in the international market, …

Reliance, BP Offer to Share KG-D6 Infrastructure with State-run Cos

Reliance Industries and its partner BP have proposed that the infrastructure at the deep-sea D6 gas fields can be shared with neighbouring blocks of ONGC and GSPC to save development costs and raise government’s revenue from new output from the gasrich block. The oil ministry officials and experts in the …

Fishermen protest K-G basin drilling

Protests by fishermen against drilling by the Gujarat State Petroleum Corporation (GSPC) in the Krishna-Godavari basin, off the coast of Kakinada, has put the Gujarat-based company in a spot. About 10,000 fishermen in 500-odd boats have been coming daily since Monday to the GSPC rig and demanding that they stop …

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