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Bharat PetroResources Ltd (BPRL), an exploration and production subsidiary of BPCL, had in August 2008 bought a 10 per cent stake in Area-1 Offshore of the Rovuma Block from the US energy major Anadarko Petroleum Corp for $75 million.

Govt to offload Bharat Petroleum in state stake sell-off

Govt owns 63.75 per cent of Shipping Corp and a stake of 53.29 per cent in India's second biggest state refiner BPCL.

21 Nov 2019 11:03 AM IST

Nirmala Sitharaman said the governments efforts last time were thwarted by the poor numbers in the Upper House. (Photo: File)

Govt to sell Air India, BPCL by March 2020: Sitharaman

In 2018, government put up 76 per cent stake of Air India for sale, which saw a lukewarm response by investors.

18 Nov 2019 12:40 PM IST

Hindustan Petroleum Corp Ltd (HPCL) on Friday reported 56 per cent drop in the June quarter net profit on account of lower refining margins and inventory losses.

PNGRB rejects HPCL review petition on ATF pipeline

HPCL may submit a comprehensive representation to the Board and appear for a hearing on April 5

24 Feb 2019 3:20 PM IST

Indian Oil Corp Ltd reported a nearly 18 per cent rise in second-quarter profit.

City gas distribution rights to help oil marketing firms diversify:...

IOC and HPCL won city gas distribution rights in nine geographical areas each last month, and BPCL got rights to two...

27 March 2019 7:08 PM IST

Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

Fitch Ratings sees risks to OMCs as govt seeks more returns

Struggling to meet budget targets, the government had asked cash-rich PSUs to pay second interim dividend.

26 April 2019 2:26 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Indian refiners turn to OPEC, Mexico, US to make up Iran oil gap

Refiners have not yet placed orders for Iranian oil for May, when current waiver expires, pending clarity from US.

17 April 2019 4:55 PM IST

Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.

BPCL's insurance cost nearly doubles

The deductible/excess under loss of profit cover due to business interruption this year has increased to 45 days from 30...

21 May 2019 2:42 AM IST

Indian Oil Corporation

BPCL, HPCL take 25 pc stake each in IOC's Rs 9,000-cr LPG pipeline...

IOC, which had in 2016 proposed laying of the pipeline, will hold the remaining 50 per cent stake.

4 Jun 2019 2:36 PM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

Govt wants ONGC to sell golf course in Ahmedabad that has oil wells

The golf course identified by DIPAM has two producing oil wells, sources said.

14 July 2019 12:46 PM IST

Petronet LNG, Indias biggest liquefied natural gas importer, has paid a 12.5 per cent higher commission-on-profit to its chief executive Prabhat Singh and company directors in the fiscal year ended March 31, 2018.

BPCL to invest Rs 1,500-1,700 cr in floating LNG terminal in AP

The company will hold 74 per cent interest in the project while the remaining 26 per cent will be with Petronet LNG Ltd.

26 Aug 2019 4:52 PM IST

The move by BPCL indicates that refiners will try to frontload their purchases from Iran ahead of a November US deadline.

Govt plan to privatise BPCL needs Parliament nod

Even a 26 per cent stake sale at this valuation would fetch the government Rs 26,500.

29 Sept 2019 12:32 PM IST

A case of theft, cheating, criminal conspiracy, forgery and counterfeiting as per the IPC and the accused have been remanded to police custody till September 21 for further investigation.

3 tanker drivers held for BPCL oil adulteration

The police are on the lookout of one Akram Siddique, who is stated to be the kingpin of the racket that also operated in...

18 Sept 2019 2:19 AM IST