The biojet facility, built in Sinopec Zhenhai Refining & Chemical Co and able to process 100,000 tonnes of used cooking oil or “gut oil” each year, paves the way for Sinopec to start commercial manufacturing of the biofuel. Related posts: China’s Sinopec sees no impairment risk of Russian assets – executive China’s Sinopec pauses Russia…
Author: cngpump
Sandeep K Gupta to be next chairman of GAIL
The PESB recommendation will be vetted by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi, after the go-ahead of anti-corruption bodies such as the CVC and CBI. Related posts: Pushp Kumar Joshi is interim HPCL chairman; awaits confirmation as full-time head Pushp Kumar Joshi takes over as CMD of HPCL…
India forced to ship in petrol, diesel as shortages flare up
Gasoline imports rose to about 13,000 barrels a day in the first half of June, a seven-month high, according to Vortexa Ltd. Diesel imports, meanwhile, are set to surge to the highest since February 2020 at about 48,000 barrels a day, tenders by Indian Oil Corp. and Bharat Petroleum Corp., as well as Vortexa figures…
G-7 leaders eyeing new natural gas projects
The G-7 nations said in a statement on Tuesday at the end of their three-day summit that “in these exceptional circumstances, publicly supported investment in the gas sector can be appropriate as a temporary response”. Related posts: CNG Pumps Near Me In Noida CNG Pump Near Me In Mumbai G7 leaders debate fossil fuel investments…
Exxon, Imperial to sell Canada shale assets to Whitecap for $1.5 billion
Exxon and Imperial, which jointly own the assets, began marketing them at the start of this year, hoping to capitalize on a rebound in oil and gas prices. Related posts: CNG Pump Near Me In Mumbai Exxon appoints former GM executive to lead its energy transition business Cairn bets on shale, sees 10% drop in…
Lanka IOC provides fuel as government pumps go dry in island nation
On Monday, The Sri Lankan government announced that only essential services will operate from midnight till July 10 and all other operations will be temporarily suspended as the crisis-hit nation faces an acute fuel shortage. Related posts: Sri Lanka to liberalise fuel import and marketing: Energy Minister Jaishankar visits Lanka IOC to take stock of…
Norway must prepare for faster drop in oil demand on road to 2050 -IEA
Western Europe’s largest oil and gas producer pumps more than four million barrels of oil equivalent per day but longer term its output is set to decline as the Norwegian continental shelf is considered a mature petroleum basin and as global demand shifts away from fossil fuels. Related posts: CNG Pump Near Me In Mumbai…
Shell launches service to organise India’s waste oil disposal system
For this, the company has partnered with used oil re-refiners to initiate collection and re-refining of used oil on a pan-India basis Related posts: Oil prices settle down on fears of Fed and oil profit tax IndianOil appoints V C Asokan as ED and state head, TN & Puducherry Natural Gas SME set to invest…
Sri Lanka ends fuel duopoly to open oil market to foreign cos
The state-run Ceylon Petroleum Corporation controls 80 per cent of the fuel market and Lanka IOC, a unit of Indian Oil Corporation, the rest. Related posts: CNG Pump Near Me In Mumbai Sri Lanka hikes fuel prices; petrol at all-time high of Rs 420, diesel Rs 400 per litre CNG Pumps Near me in Bengaluru…
Govt may deregulate domestic oil to boost revenue
The Centre at present decides which state-run refinery gets how much crude from each producer. The price is then worked out on a traditional formula with Brent as a marker, instead of the global practice of a ‘five-cut’ – or yield of five most-used refined products – norm. The allocation is done every six months….