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BCPL to shut crude unit at Kochi refinery for about 3 weeks from Dec 1
Posted on 30th October 2018
India's state-run Bharat Petroleum Corp will shut a 120,000 barrels per day (bpd) crude unit and some secondary units at its Kochi refinery for about three weeks from early December for maintenance, its head of refineries said.

"It (this shutdown) is mandatory to inspect the new plant after you run it for a year. We will open up some of the critical equipment to see if things are intact," R. Ramachandran told Reuters on Tuesday.


Morgan Stanley turns cautious on HPCL, BPCL shares on petrol price cut
Posted on 8th October 2018
After the government last week announced reduced excise duty on fuel by Rs 1.50 a litre and asked oil companies to absorb a Re 1 slash, global firm Morgan Stanley see heightened pressure for oil and gas majors HPCL and BPCL. Notably, Morgan Stanley says that the development will have a material earnings impact, if the slash continues even after 2019 elections. The lack of policy clarity also adds to the challenges, notes Morgan Stanley.

BPCL, HPCL, IOCL tank up to 29% as government cuts fuel prices
Posted on 5th October 2018
Shares of state-owned oil & gas companies, including oil marketing companies (OMCs), are reeling under pressure falling by up to 29% on the BSE in intra-day deals, extending their Thursday’s fall after the government, on Thursday, asked the them to absorb a Re 1 a litre cut in excise duty on petrol and diesel. The government also cut the excise duty on petroleum products by Rs 1.50 a litre with immediate effect. This is the first time in over four years that prices of either petrol or diesel are being controlled.

Adani, IOC, BPCL, Torrent big winners of city gas licences
Posted on 17th September 2018
Oil regulator PNGRB Monday declared the final list of winners of city gas retailing licences that had billionaire Gautam Adani’s group, state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Torrent Gas as the big winner. Adani Gas won rights to retail CNG to automobiles and piped cooking gas to households and industries in 13 cities on its own and another nine, including Allahabad, in a joint venture with IOC,

No plans on absorbing fuel prices: BPCL
Posted on 12th September 2018
Mumbai: The Bharat Petroleum Corporation Limited (BPCL) on Tuesday said that it has no plans to absorb the rising fuel prices, adding that no communication has been received from the central government on the same.

Addressing media post the firm's Annual General Meeting, BPCL Chairman and Managing Director D. Rajkumar said, "There's no communication from the (central) government whatsoever at this point in time to absorb the prices.


50% cost reduction eyed: BPCL, HPCL, IOC plan to share pipeline infra to reduce cost
Posted on 5th September 2018
Public sector oil companies — HPCL, BPCL and IOC — are planning to share the investments for upcoming product and gas pipelines across the country that will help them reduce the capital expenditure on pipelines and enter newer markets at less than 50% of the original project cost.

The companies have already identified around 5-6 major pipeline projects where they plan to share the infrastructure, senior company officials said.


BPCL to keep Mumbai refinery shut for at least 2 months after fire: Source
Posted on 17th August 2018
India's Bharat Petroleum Corp Ltd will keep a secondary unit at its 120,000 barrels-per-day (bpd) Mumbai refinery offline for at least two months following a fire last week, two industry sources said on Friday.

When contacted, a BPCL spokesman could not immediately confirm the duration of the shutdown, saying that a decision will be made in one to two days.


Major fire breaks out at BPCL’s Mumbai refinery
Posted on 8th August 2018
Mumbai: A major fire broke out at Bharat Petroleum Corporation Ltd’s (BPCL) refinery complex in Chembur, suburban Mumbai on Wednesday afternoon.

Fire and smoke were seen emanating from the refinery. No casualties have been reported so far.


Sensex at all-time high, goes beyond 36,800 mark, Nifty touches 11,134.95
Posted on 24th July 2018
The domestic equity markets started Tuesday's trade on a strong note with the BSE Sensex going beyond the 36,800 mark for the first time ever, Nifty50 touched 11, 134.95 mark. In just few minutes, Sensex was at 36,816.53 level, with a gain of 97.93 pointswhile Nifty was at 11,115.50, up 30.75 points.

Adani, IOC, HPCL, BPCL in fray for city gas licence; govt gets 400 bids
Posted on 11th July 2018
Around 400 bids have come for 86 geographical areas on offer under the ongoing round, the ninth one, for city gas licensing.

Tuesday was the final date for these. The technical bids would be opened between Thursday and the week after.


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