Revenues for the Refining and Petrochemicals business declined in line with fall in average oil and product prices for the year. Average Brent oil price declined 13% Y-o-Y, while realisations for key petrochemical products declined by 15%-32% Y-o-Y.
The proposed Rights Issuance will be the first by RIL in three decades. The issue will be structured as partly paid shares and will enable shareholders to phase out the outlay on their investment over a period of time.
The COVID-19 pandemic impact has devastated crude oil demand as the majority of the end user industries are witnessing a slowdown amid lockdowns.
HOEC has announced the successful drilling, completion and testing of its second sub-sea well through a jack-up rig, named well D-1 located in Mumbai Offshore.
The operations have commenced basis importance of lubricants to help major manufacturing plants to run smoothly.
Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries Limited (RIL) has increased its stake in SkyTran from 17.37% to 26.31% on a fully diluted basis.
The company has started manufacturing operations of both its plants situated at Nagothane, Amdoshi, Raigad-Maharashtra and Manali, Chennai-Tamilnadu.
Wood will provide integrated services to Sasol from feasibility studies and front end engineering design, through to engineering, procurement and construction
The company announced that it will invest about 65 billion KRW ($54 million) by Q1 of next year to expand production of carbon nanotubes (CNT) by 1,200 tons at the company’s Yeosu plant.
Company's Jiading plant in Shanghai scales up production of waterborne coatings to meet customer demand for environmentally responsible products across southern and eastern China.
The order has a value of approximately SEK 95 million. It is booked in the Welded Heat Exchangers unit and the Gasketed Plate Heat Exchangers unit of the Energy Division, with delivery scheduled for 2021.
Lenzing AG and Palmers Textil AG have founded a new joint entity for producing and selling protective masks for the domestic and European markets beginning in May 2020
The company is taking up production as per requirements primarily to supply customers in the essential categories. This permission is valid till national lockdown date of 3rd May, 2020.
The four-year contract covers new gas turbine parts, component repair, maintenance and field services for a Frame 6B Gas Turbine.
Reflecting recent significant market volatility and oil price falls, BP and Hilcorp have successfully renegotiated the financial terms of the deal to respond to the current environment.
The company is engaged in the production of sugar and other sugar related activities via state-of-the-art manufacturing facilities equipped with a combined capacity of 21,500 tons of sugar per day
Crude prices nosedived from an average $55 per barrel in February to $33 in March and closed at around $20 end of March as demand slumped because of the pandemic
Under the terms of the deal, Total will acquire all of Tullow’s existing 33.3334 per cent stake in each of the Lake Albert project licenses EA1, EA1A, EA2 and EA3A and the proposed East African Crude Oil Pipeline (EACOP) system
The company had earlier announced about the temporary shut-down of operations at the company's Paradeep unit with effect from 24th March 2020 as a proactive measure towards the containment of the spread of COVID-19.
RIL's 35.2 million tonnes a year SEZ refinery processed 2.51 million tonnes of crude oil into fuel in March, a drop of 24 per cent year-on-year
Subscribe To Our Newsletter & Stay Updated
