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SECTOR | 14 May 2025, 01:46PM

India's vegetable oil imports fall 32% in April amid weak palm oil demand

Business Line

Palm oil imports alone dropped 53%, while sunflower and soybean oil imports also registered declines of 23% and 20%, respectively.

Oil and Gas

SECTOR | 14 May 2025, 12:53PM

Govt may mop up 33,000 cr from April excise duty hike of petrol, diesel

Business Line

The amount can be passed on to oil marketing companies for their LPG under-recoveries in FY26, says CareEdge Ratings director Hardik Shah

Oil and Gas

SECTOR | 12 May 2025, 05:25PM

Chemical giants weigh Europe exits amid soaring energy costs, Asian rivals

Business Standard

Sabic, Dow, Shell and others are reviewing European assets as high energy costs global competition and expansions in Asia and West Asia strain the continent's chemical sector

Oil and Gas

SECTOR | 09 May 2025

Pakistani Troops Shell Areas Near LoC In Uri, Woman Killed

NDTV Profit

Officials said Pakistani troops violated the ceasefire along the LoC and resorted to heavy shelling in civilian areas in the Uri sector.

Oil and Gas

SECTOR | 07 May 2025

Cost of home-cooked thalis declines in April as food prices cool

Business Standard

Vegetarian and non-vegetarian thalis became cheaper in April due to lower prices of onion, potato and broiler, although oil and LPG costs curtailed a deeper drop

Oil and Gas

SECTOR | 06 May 2025

HPCL Q4 results: Profit rises 18% on stronger marketing, refining margins

Business Standard

India saw mixed demand for fuel in the January to March quarter, with overall demand falling in two of the three months and LPG demand rising for the most of the fourth quarter

Oil and Gas

SECTOR | 05 May 2025

Govt to compensate OMCs for 30,000 cr LPG under-recovery by FY26

Business Standard

Petroleum Ministry officials say long-term solutions are needed as global LPG prices rise and subsidy burdens on OMCs become increasingly unsustainable

Oil and Gas

SECTOR | 05 May 2025

Shell-Reliance-ONGC JV completes India's 1st offshore decommissioning

Business Standard

A joint venture of Shell, Reliance Industries Ltd and ONGC has successfully completed India's first offshore facilities decommissioning project with the safe removal of installations on the mid and south Tapti gas field in the Arabian Sea, the firms said on Monday. Once a field stops producing oil and gas, the facilities that were erected to bring out hydrocarbons from below ground or under seabed, have to be safely removed - a process called decommissioning. The Tapti field, lying 160 km north-west of Mumbai, stopped producing in 2016. Certain facilities at the mid and south Tapti fields, known as the Tapti Part A Facilities were handed over to state-owned ONGC while the remaining facilities, which included 38 wells, 5 wellhead platforms and four pipelines, known as Tapti Part B Facilities were abandoned by the joint venture. In 2017, the joint venture started preparing to decommission the Tapti field, where Shell owned 30 per cent interest, Oil and Natural Gas Corporation (ONGC) .

Oil and Gas

SECTOR | 04 May 2025

Shell analyses merits of deal Deal as rival's stock slumps

Business Line

Any final decision will likely depend on whether BP stock continues to slide, as per sources.

Shell weighs BP buyout as rival's stock weakens amid oil price slump

Business Standard | 04 May 2025

Oil and Gas

SECTOR | 02 May 2025

Indian refiners target cheaper US LPG imports with help from China tariffs

Business Standard

Advent of US LPG will enhance India's security of supply