Page 3 - Indian Oil Refiners

Govt to halve oil refiners' FY24 energy transition equity support: Report

State-run Bharat Petroleum Corp and Hindustan Petroleum Corp aim to end net carbon emissions from their operations by 2040, and Indian Oil Corp has set a target for 2046

Indian refiners resume imports of Venezuelan oil, RIL seeks direct deal

But Venezuela's oil output has been volatile, limiting what it can offer for exports

Traders offer sanctioned Iranian crude to India as Chinese purchases peak

India turning into a magnet for sanctioned oil after its refiners started buying Russian oil last year at deep discounts

FOWE's patented water emulsion tech to clean dirty fuel for Indian refiners

It is considered a dirty fuel and has often been banned from use in the national capital and other cities around the world. But now a Monaco-based firm is offering Indian refiners a patented technology to emulsify fuel oil with water that helps cut down on emissions as well as gives better energy yield. FOWE Eco Solutions (FOWE) says a process known as cavitation using its Cavitech device allows for emulsification of fuel oil, also known as furnace oil, with fresh water on land or onboard a vessel. This process does not require any additives or further processing. The result is a considerable reduction in particulate matter, its chief operating officer Hemant Sondhi said. Emissions of NOx, the main greenhouse gas contributors, are significantly reduced and fuel efficiency is improved. "We have successfully tested our patented technology to emulsify fuel oil, which is also known as furnace oil, with 10 to 15 per cent water," he said. "The FOWE emulsified fuel gives better energy yiel

Indian refiners stock up Urals crude oil before Russian supply cut

Import of this grade of crude jumps 14% in a month to record high

Chennai Petroleum Corporation Q1 net profit shrinks 76% to Rs 548 crore

In the latest quarter, revenue from operations reduced by 35 percent to Rs 17,985 crore year-on-year from Rs 27,449 crore in the year-ago quarter

Higher discounts likely to prompt India to buy more crude oil from UAE

Currently, the price of Russian Urals grade crude is trading close to the $60 limit, beyond which sanctions take hold

Govt starts process to fund state refiners' green goals via equity: Reports

The Oil Ministry on Wednesday asked state-controlled Indian Oil Corp and Bharat Petroleum Corp Ltd (BPCL) to launch rights issues

India remains top destination for Russian Urals oil in April: Report

Attractive prices for Urals mean good margins for Indian refiners while term contracts between Russian and Indian companies and lower freight rates are also helping keep supplies elevated

OMC marketing earnings expected to rise in fourth quarter, say analysts

Blended marketing margins rose to a 10-month high of about Rs 2.5 per litre in December, multiple analysts said

Russia shifts to Dubai oil price benchmark in Indian oil deal: Report

The decision by the two state-controlled companies to abandon the Europe-dominated Brent benchmark is part of a shift of Russia's oil sales towards Asia after Europe shunned Russian oil

Top headlines: Feb fuel demand hits 24-yr high, NPOs face PMLA regulations

Business Standard brings you the top headlines at this hour

Indian refiners may buy Russian oil for domestic demand, export own: Report

With these imports, India can maintain a domestic inventory of refined products like petrol and diesel

Indian refiners' crude oil processing in December rises 4% y/y: Govt data

India's Bharat Petroleum Corp plans to shut its multiple refineries for maintenance in the coming months

Adani Ports acquires 49.38% stake in Indian Oiltanking for Rs 1,050 cr

Adani Ports and Special Economic Zone (APSEZ) said that it has acquired a 49.38 per cent stake in Indian Oiltanking, a developer and operator of liquid storage facilities

Indian oil refiners scout for term deals ahead of EU's ban on Russian crude

Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia, including from the EU

Indian refiners pay dollars for Russian oil after Dubai bank rejects dirham

Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams

India plans to set up strategic gas reserve amid global energy crisis

Amid a deepening global energy crisis, India is planning to set up a strategic gas reserve on the lines of its strategic petroleum reserve (SPR)

Nuberg Engineering to build Rs 650 cr SRU project at IOCL's Koyali refinery

Last year IOC had signed an MoU with Gujarat for adding petrochemical and lube plants to its previously announced plans to expand crude oil processing capacity at the refinery

Refiners en route to seize most gains from war fallout

Companies across the value chain, especially crude refiners, have seen material gains in tandem with record-high prices of crude oil. Find out the companies that are likely to seize the most gains.