BPCL to invest Rs 75,000 cr in expanding refining capacity

State-run Bharat Petroleum Corporation Ltd (BPCL) will invest Rs 75,000 crore to expand refining and petrochemicals capacity over the next five years, company chairman G Krishnakumar told shareholders at the company’s annual general meeting.The ethylene cracker project at Bina refinery in Madhya Pradesh, conceived at a gross cost of Rs 49,000 crore, involves brownfield expansion

BPCL unveils India’s first biofuel blend HFHSD bunker

Bharat Petroleum Corporation Limited (BPCL) has set a new benchmark in the Indian maritime industry by launching first biofuel blend High Flash High Speed Diesel (HFHSD) bunker by an OMC at Mumbai Port. This pioneering initiative by BPCL underscores its unwavering commitment to green energy solutions and aligns with the global mandate to decarbonize the

BPCL sees further cuts in oil OSPs as fuel margins drop

Bharat Petroleum Corp, India’s third-biggest refiner, expects Middle Eastern producers to cut the official selling prices (OSPs) of their crude in coming months to reflect lower margins on fuel sales, according to its head of finance. Lower fuel cracks – the difference between the cost of crude oil and refined product sales – are hitting

LNG operators push back against PNGRB’s attempt to regulate them

Liquefied natural gas (LNG) operators Petronet LNG, Shell and Adani-Total are pushing back against the attempts of the Petroleum and Natural Gas Regulatory Board (PNGRB) to regulate them. The board unveiled the draft regulations for establishing and operating LNG terminals last month. Terminal operators, big gas consumers and others have now offered their views on

BPCL boosts aviation fueling capabilities with new hydrant facilities

Bharat Petroleum Corporation Limited (BPCL), a Maharatna and India’s second-largest government-owned downstream oil producer, announces the inauguration of state-of-the-art hydrant facilities at the newly established Manohar International Airport in north Goa. Sukhmal Jain, Director (Marketing) BPCL, inaugurated the facilities in the presence of Kanwarbir Singh Kalra (Deputy CEO, GMR Goa International Airport Ltd (GGIAL).and other

BPCL to set up two CBG plants in Raipur and Bhilai

State-run Bharat Petroleum Corporation Limited (BPCL) signed a tripartite Memorandum of Understanding (MoU) with Chhattisgarh Biofuel Development Authority (CBDA) and the state municipal corporations of Raipur and Bhilai for the production of compressed biogas (CBG). BPCL will set up CBG plants in the state capital Raipur and the industrial town of Bhilai. About 200 to

BPCL collaborates with CIAL to set up green hydrogen plant at Kochi  

In a significant move towards advancing green energy initiatives, Bharat Petroleum Corporation Limited (BPCL), India's Fortune 500 Maharatna Energy Conglomerate, has entered into a transformative Memorandum of Understanding (MOU) with Cochin International Airport Ltd (CIAL).

BPCL ties up 1 mn tonnes of LNG from Mozambique LNG project

State-run Bharat Petroleum Corporation (BPCL) has tied up a supply of 1 million tonnes (mt) of liquefied natural gas (LNG) from the upcoming $20-billion project in Mozambique, which is expected to commence operations by FY28. BPCL subsidiary Bharat PetroResources (BRPL) through its Netherlands-based step-down subsidiary BPRL Ventures Mozambique holds a 10 per cent participating interest

Indian refiners seeking to boost Saudi crude oil imports

Two Indian state refiners are seeking to boost imports of Saudi crude oil after the kingdom cut the official selling price of its key export grade for February to the lowest in 27 months, company sources said. Indian Oil Corp, the country’s top refiner, and Bharat Petroleum Corp, are looking at lifting an additional 1

India’s netzero emissions target of 2070 little too long-term

Union Minister Hardeep Singh Puri said achieving the net zero emissions target by 2070 is “little too long-term”, indicating that the country may achieve the milestone ahead of the deadline. Under the net zero target, India will completely switch to renewables by 2070. The minister said this addressing the 26th Energy Technology Meet. He is