New Delhi: The Engineers India Limited (EIL) team is at the forefront of driving innovation and research towards the indigenization of the oil & gas sector while charting a roadmap for Bharat's Energy Self-Reliance. The company has collaborated with reputable industry bodies and academia to develop cutting-edge process technologies, including Sulphur Recovery Units, Diesel Hydrotreating technology, Solvent Dewaxing Deoiling technology, Desalter technology, and more.   

New Delhi: Indian Oil Chairman, Shrikant Madhav Vaidya unfolded a groundbreaking chapter by flagging off "Academy on Wheels" in the presence of Director, Marketing at the Marketing Head Office in Mumbai.   

New Delhi: According to the latest notification issued by the Finance Ministry, the Centre has surged the windfall tax levied on petroleum crude to Rs 9,600 per metric tonne, up 41% as compared to Rs 6,800 currently levied upon. The new rates will come into effect from Tuesday, April 16. The consequence of the announcement has been reiterated by the stocks of some of the major crude refiners, with an opening in the red. The major devastating stocks were Reliance Industries Ltd (RIL), 0.32% lo

New Delhi: In Wednesday's trading session, three oil marketing companies (OMCs) - Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL), and Indian Oil Corporation Ltd (IOC) - witnessed a surge of up to 5% in their shares. This was due to the drop in Brent crude oil prices, which fell below the psychological level of $90 a barrel. Data showed Brent crude futures for June delivery last traded at $89.56 per barrel, down 0.90 percent. "Retail margins run

Assam: An incident of leakage was reported at the X-Mass Tree of well no. BGN#24, located at Dighaltarang Tea Estate, Tinsukia District in Assam at around 11:30 pm on 09.04.2024, Oil India Limited states in its BSE filling. Today around 2:20 am OIL personnel rushed to the site and controlled the leak. The District Administration was informed and officials from the Administration were present at the site to assess and address the situation. Proactively, fire service was mobilised, and the fire

The price of a 5kg FTL cylinder has been decreased by Rs 7.50. On March 1, oil marketing companies announced an increase in the prices of commercial LPG gas cylinders due to fluctuations in fuel costs and market dynamics. Before this, on February 1, the prices of Indane gas cylinders varied across metro cities, with Delhi, Kolkata, Mumbai, and Chennai each having distinct rates. However, from March 1, consumers across all metro cities experienced a significant rise in the prices of Indane LPG

New Delhi: IndianOil and Panasonic Energy Co. Ltd., have signed a binding term sheet, in line with the expanding demand for batteries for 2 & 3-wheeler vehicles & energy storage systems in the Indian market.  The binding term sheet is signed to draw a framework for formation of a Joint Venture for manufacturing cylindrical lithium-ion cells in India.   

New Delhi: Shri Ajit Kumar Saxena, CMD MOIL & Addl. Charge CMD MECON, has been bestowed with the prestigious CMD Leadership Award at the Governance NOW 10th PSU Awards in New Delhi.    This recognition emphasizes his forward-looking perspective and exceptional contributions to the steel industry.

Oil and Natural Gas Corp (ONGC) plans to establish a drilling well in Bihar this year, in the field of oil and gas.  The company has acquired 3D seismic data for 300 sq. km for its block in Samastipur, Bihar, and is set to drill two exploratory wells. The first drilling is supposed to be carried out this year and might cost around Rs 30 to 35 crore. This may explore the entire basin for future exploration, stretching from Bihar to Uttar Pradesh and Punjab. In addition to this, the o

New Delhi: Sh. R. K. Vishnoi, Chairman and Managing Director, THDC India Limited informed that Khurja Super Thermal Power Plant (2x660 MW) has achieved a significant achievement on 21st March 2024 with the successful completion of Unit-1 Boiler light up, a crucial milestone in its journey towards commercial operation. This achievement paves the way for the upcoming milestone of unit synchronization, signalling the plant's progress toward commencing full-scale operations. Sh. Vishnoi expre