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Prime Minister Sheikh Hasina has said that her country's first cross-border oil pipeline with India will play a vital role in ensuring fuel security in Bangladesh at a time when the world was facing a serious energy crisis due to the Ukraine war. Hasina said this while virtually inaugurating with her Indian counterpart Narendra Modi the 131.5-km Bangladesh-India Friendship Pipeline' on Saturday. Terming India a "true friend" of Bangladesh, Hasina said she wanted this friendship to remain intact. The pipeline costing Rs 377 crore is part of energy sector cooperation between the two neighbouring countries through which Bangladesh will import petroleum, especially diesel from India. When many countries across the world are on the verge of a fuel crisis due to the Russia-Ukraine war at that time this pipeline will play a vital role in ensuring the fuel security of our people, Hasina said. "The friendship pipeline is a milestone achievement in cooperation for the development between th
The rupture in a fuel pipeline in Shil area of Maharashtra's Thane district post a fire that had claimed the life of one person has been repaired after 48 hours, a civic official said on Sunday. The 18-inch line, from Mumbai to Manmad in Nashik district, which started leaking after fire in an underground cable and subsequent explosion, was restored by at least half a dozen agencies working together, Regional Disaster Management Cell chief Avinash Sawant said. "The fire was initially contained, after which the smoke was stopped at 6am on Sunday. The supply in the line has been restored now. It transports diesel of BPCL," he said. A 35-year-old man was charred to death and another one got injured after the fire broke out in underground power cables and engulfed the tyre shop around 6.30 am on Friday. District Collector Ashok Shingare and Thane Municipal Commissioner Abhijit Bangar had told reporters an inquiry has been instituted into the incident to ensure there is no recurrence.
The 130-km-long friendship pipeline on West Bengal border will transport diesel from Numaligarh Refinery in Assam
The ambitious 130-km long Indo-Bangla Friendship Pipeline (IBFPL), constructed at a cost of Rs 377.08 crore, is likely to be commissioned by next month, official sources said on Sunday. The international oil pipeline, IBFPL, will carry fuel from Assam-based Numaligarh Refinery Ltd's (NRL) marketing terminal at Siliguri in West Bengal to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC). The mechanical works of the bilateral project, being funded by India, was completed on December 12 last year, a senior official of NRL told PTI on condition of anonymity. "We have set the commissioning target completion in February 2023," he added. The ground breaking ceremony for the 130-km IBFPL was held in September 2018 in the presence of Prime Ministers of India and Bangladesh through video conferencing. "The project is in a true sense an engineering marvel. We faced lots of hurdles but with mutual cooperation and technological understanding between the two countries, this ...
Margins to expand, given demand recovery in key segments and falling input costs
Brent crude futures were at $76.73 a barrel, up 58 cents, or 0.76%, at 0716 GMT, after dropping 1.3% on Thursday
The company underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix
It underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix
A leak was detected in an oil pipeline in Poland which is the main route through which Russian crude oil reaches Germany, the Polish operator said Wednesday. The operator, PERN, said it detected a leak in the Druzhba pipeline, which originates in Russia, on Tuesday evening about 70 kilometers (45 miles) form the the central Polish city of Plock. It said the cause of the leak wasn't known. The incident follows leaks late last month in the Nord Stream 1 and 2 gas pipelines running along the Baltic seabed.
The series of pipeline explosions have yet to be definitively proved as sabotage or attributed to any nation, but most analysts believe that the likely culprit is Russia.
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Chief Minister Bhupendra Patel on Tuesday announced the allocation of Rs 1566 crore for pipeline projects to fill water reservoirs in North Gujarat.
The CPC pipeline carries around 1.2 million barrels per day of Kazakhstan's main crude grade, which accounts for 1.2% of global demand
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Larsen & Toubro (L&T) on Friday said that its wholly-owned arm has bagged a large offshore contract from ONGC for the seventh development phase of their pipeline replacement projects. This contract, awarded through international competitive bidding, reposes ONGC's confidence in L&T Hydrocarbon Engineering (LTHE) capabilities and commitment to support ONGC in strategic oil and gas sector, and contribute to country's energy security. "LTHE, a wholly owned subsidiary of Larsen & Toubro, has secured a contract from...ONGC for the seventh development phase of their Pipeline Replacement Projects (PRP-VII)," the company said in a statement. The contract involves engineering, procurement, construction, installation and commissioning of 350 km subsea pipelines and related offshore works spread out across country's west coast offshore fields of ONGC. Organised under offshore, onshore, construction services, modular fabrication and advanced value engineering & technology ...
An explosion has shut down a pipeline in southeastern Turkey that carries oil from Iraq to world markets, officials and news reports said.
A severely corroded pipeline ruptured and spilled more than 300,000 gallons (1.1 million liters) of diesel fuel just outside New Orleans after the operator delayed needed repairs
Gascade is owned by WIGA, a joint venture of Gazprom and oil and gas company Wintershall DEA
A new federal regulation requires higher safety standards for pipelines carrying oil and other hazardous liquids through the Great Lakes region, marine coastal waters and beaches, officials said.
Company says it incurred a capex of Rs 5,000 crore on these two pipelines, silent on project names