India offers stakes to UAE in petro projects

India has offered UAE stakes in petrochemical plants and refinery projects as it seeks to boost energy ties with the cash-rich Gulf nation.

BPCL Q2 profit jumps over 2-fold to Rs 1,018 cr in Jul-Sept

Net profit in July-September was at Rs 1,018.04 crore compared with Rs 464.2 crore.

Govt planning stake sale in BPCL

The Government on Friday said it is planning to sell stake in Bharat Petroleum Corp Ltd (BPCL) and will take a final view after completion of inter-ministerial consultation.

FinMin mulling transferring stake in divestment-bound oil PSUs

Ahead of government's plans to sell stake in oil companies, the Finance Ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from market volatility.

BPCL to go ahead with Bina expansion sans Oman Oil Company

With Oman Oil Company reluctant to put more money, Bharat Petroleum Corp Ltd has decided to fund the Rs 18,000-20,000 crore expansion of the Bina refinery in Madhya Pradesh on its own.

Govt plans selling 3% stake in BPCL to raise Rs 1,800 cr

Finance Ministry has moved a Cabinet note for inter-ministerial consultations for selling 2.16 crore shares in BPCL through a public offer, official sources said.

Finance Ministry sanctions Rs 5,223-cr fuel subsidy for IOC, BPCL

Indian Oil Corp (IOC) will get Rs 2,932 crore subsidy and Bharat Petroleum Corp Ltd (BPCL) Rs 2,291 crore for selling fuel below cost in Q4 of 2014-15, but Hindustan Petroleum Corp Ltd (HPCL) will not get any support.

BPCL raises $500 mn to fund capital expenditure

State-owned Bharat Petroleum Corp Ltd (BPCL) Thursday said it has raised USD 500 million through fixed rate unsecured notes to fund its capital expenditure.

Videocon-BPCL consortium discovers oil off Brazilian coast

Good quality light oil has been established in a discovery made in an offshore Brazilian block where Videocon Industries and Bharat Petroleum Corp Ltd (BPCL) hold 40 per cent interest.

BPCL net profit drops 50% in Q2 to Rs 464.20 cr

Bharat Petroleum Corp Ltd (BPCL) Wednesday reported a 50 percent drop in its September quarter net profit as refining margin dipped on slumping international oil prices.

BPCL to shut Bina refinery for a month in Sept-Oct

Bharat Petroleum Corp plans to fully shut its 120,000 barrels per day Bina refinery in central India for up to a month in September and October for maintenance, its head of refineries B.K. Datta said on Monday.

BPCL to invest Rs 1,419 cr in Mumbai refinery

Bharat Petroleum Corp Ltd, India's second-biggest state refiner, plans to invest Rs 1,419 crore in replacing an old crude processing unit at its 12 million tons a year Mumbai refinery by May 2015.

Videocon, BPCL strike natural gas in Mozambique block

Videocon Hydrocarbon Holdings, a wholly owned subsidiary of Videocon Industries, and Bharat PetroResources Ltd, a unit of BPCL, said a new discovery has made in the offshore Area 1 of the Rovuma basin, the two firms said in almost identical but separate statements.

CCI rejects market abuse charges against BPCL

Fair trade regulator CCI has dismissed complaints of Bharat Petroleum Corp Ltd (BPCL) abusing its market dominance in transportation of LPG cylinders from bottling plants to distributors across the country.

BPCL seeks bids from suppliers for LNG import

State-owned Bharat Petroleum Corp Ltd (BPCL) has sought bids from liquefied natural gas (LNG) suppliers for short-term import of the fuel to meet domestic demand.

ONGC signs MoU for Mangalore LNG terminal

ONGC, Bharat Petroleum Corp Ltd (BPCL) and Mitsui signed the Memorandum of Understanding (MoU) with New Mangalore Port Trust yesterday. ONGC issued a statement informing of the MoU on Tuesday.

BPCL raises $500 mn through maiden overseas bond issue

State-owned Bharat Petroleum Corp Ltd (BPCL) Friday said it has raised USD 500 million through a maiden overseas bound issue, to fund its capital expenditure.

BPCL, Videocon discover oil in deep sea block off Brazil

State-owned Bharat Petroleum Corp Ltd and Videocon Industries Friday said an oil discovery has been made in their deep sea block off Brazil.

BPCL plans up to Rs 45,000 cr capex by 2017

The company has many gas blocks in Mozambique, 10 oil blocks in Brazil, and some oil and gas blocks in Indonesia, Australia, Britain, East Timor, and a shale gas project.

BPCL to set up refuelling facility at Shillong airport

Formerly known as Umroi airport, 35 km north of Shillong, it has been upgraded with six check-in counters, a security hold area and separate blocks for arrivals and departures.