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 …

Hindujas keen on AP refinery

The Hinduja group plans to go ahead with Rs 25,600-crore refinery at Kakinada even if its indecisive project partner Oil and Natural Gas Corporation (ONGC) opts out. "We have given in writing to the Andhra Pradesh chief minister that we are keen to set up the project, with or without …

Anti-pollution march staged in western China

Hundreds of people marched in a western provincial capital over the weekend to protest environmental risks they say are associated with the construction of a petrochemical factory and oil refinery, witnesses said Monday. It was the latest in a series of rare but increasingly ambitious grass-roots movements in Chinese cities …

Govt may restore tax sop on oil, gas production

In a major relief to companies like Reliance Industries, the government is likely to restore a 7-year income tax holiday on oil and gas production as it was a sovereign commitment to companies investing in the nascent sector. But uncertainity continues over the same tax break being extended to refineries …

Firms join Brunei methanol project

Brunei National Petroleum Co. has signed a deal with two major Japanese companies to form a methanol transport firm to support the first petrochemical plant in the oil rich kingdom, according to reports Saturday from Brunei. The Japanese companies, Kokuka Sangyo, which is a subsidiary of Mitsubishi Gas Chemical Co., …

Japanese firms sign deal for Brunei methanol transport project

Japanese firms sign deal for Brunei methanol transport project Saturday 12th April, 06:03 PM JST SINGAPORE

RIL to shut down 900 petrol pumps

Faced with the prospects of rising global crude oil prices and its inability to match the fuel price offered by state-run oil marketing companies (OMCs), Reliance Industries Limited (RIL) is understood to have decided to shut down 900 petrol pumps. The company has set up 1,400 pumps across the country. …

Oil workers for State refineries expansion

The petroleum and gas workers of the State have demanded expansion of the existing four refineries of Assam and recruitment against the 5,000 vacant posts in the oil sector of the north-eastern region. In the North-Eastern Regional Convention of the Petroleum and Gas Workers' Federation of India held today at …

Global pressures on prices

On Monday morning, crude prices touched $111 a barrel in Asian markets. It was only last week that they reached an all-time high of $110. The regularity with which global oil prices keep shattering previous records is undoubtedly a worrisome development for governments, central banks, oil producers, and consumers throughout …

Oil companies imperil polar bear habitat

The us government has once again missed its deadline to add the polar bear to the list of endangered species. The us Fish and Wildlife Service was due to take a decision in this regard by February 8 this year. The delay has fuelled doubts about the government's intention to …

Gas Cracker Project on time: Centre

The Centre has denied that the Gas Cracker Project has suffered delays claiming that the Brahmaputra Cracker and Polymers Limited (BCPL) would start production according to schedule by 2012. In reply to a Lok Sabha question by Sarbananda Sonowal, Minister of State for Chemicals and Fertilizer, Bijoy Krishna Handique gave …

Latest gas allocation norms smack of quota raj: Experts

The proposed gas allocation policy, which will override the government's commitment to allow sale and purchase of gas on the basis of market diktats, has cast a shadow over the country's emerging market for the commodity. In the New Exploration and Licensing Policy (NELP)

Oil firms on the brink as crude crosses $100

As crude oil prices set new records, the government-owned oil companies are working on a multi-pronged strategy to cut costs and stave off an impending crises. "Our working capital is under pressure. But we can still manage to absorb another $2 to $3 per barrel hike in the price of …

Chevron in Australian LNG push

Chevron, the US oil and gas company, said on Monday it would develop a second liquefied natural gas hub in Australia, adding to its Gorgon venture and rivalling a neighbouring project owned by Woodside Petroleum, the Australian producer. The US energy company said it was studying where along the coast …

City gas firms lock horns with regulator

'Unauthorised' laying of new pipelines cannot be allowed, says gas regulator. The Petroleum and Natural Gas Regulatory Board (PNGRB) seems to be heading for a collision with the gas distribution companies that it is supposed to regulate. According to the gas regulator, no company can build or expand a gas …

Duty on naphtha will hit Haldia Petro bottomline

The Union Budget proposal for re-imposition of five per cent import duty on naphtha for petrochemical production seems to have found its single largest casualty in West Bengal government-promoted Haldia Petrochemicals Ltd (HPL). HPL is reportedly the only major standalone petrochemical facility using naphtha as feedstock. The showpiece industrial project …

Indian oil basket hits a new high

The basket of crude oil that Indian refiners buy hit a new high of $96 per barrel on Wednesday, the latest day for which data are available. The basket, which comprises Oman-Dubai sour (high sulphur) grade crude oil and Brent dated sweet (low sulphur) crude oil in a 61.4:38.6 ratio, …

How Shell drums created music history

In the summer of 2007, Shell officials at the Caribbean island of Trinidad and Tobago were in a spot of bother. Business was fine for the oil company and environmentalists and other usual gadflies weren't making much noise. But the Shell factory in Barracones Bay was confronted with an awkward …

Crude oil, gas output falls due to closure

The production of crude oil from the country's sedimentary basins fell marginally by 0.3 per cent to 2.89 million tonne (mt) in January this year compared with 2.90 mt in January 2007. The output was, however, marginally higher than the 2.88 mt in December, data released by the petroleum ministry …

But it wont lower oil prices

Railway minister Lalu Prasad Yadav's announcement of a 5% cut in the freight rates for moving petrol and diesel is indeed an effort to bring back the oil traffic from roads to the railways. The reduction in freight rate, announced as part of the Railway Budget proposals for 2008-09, is …

Free oil PSUs from the pricing pincer

Even though the government has recently allowed state-owned oil marketing Companies to marginally increase the prices of petrol and diesel, one doesn't need to use rocket science to figure out that the hike is just not enough to help Indian Oil Corp, HPCL and BPCL to tide over their losses. …

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