Energy | Crude oil output falls, refining rises in Aug

Energy | Crude oil output falls, refining rises in Aug

New Delhi: India’s crude oil production fell for an eighth month in nine in August, led by lower output by Oil and Natural Gas Corp. Ltd (ONGC), the nation’s largest explorer.

India pumped 2.77 million tonnes (mt) of oil last month, 2.6% less than a year earlier, the oil ministry said in a statement on Wednesday. Production by non-state explorers decreased 4.2% to 366,000 tonnes, the government said.

State-owned ONGC produced 2.1mt of oil in August, a 2.9% decline, the data showed. India’s natural gas output increased around 38% to 3.86 billion cu. m, according to the data.

Indian companies refined 3% more crude oil in August than a year earlier, the first rise since March.


CLP Group to develop sixth Indian wind farm

New Delhi: Hong Kong’s CLP Group will develop its sixth wind farm in India in Tamil Nadu.

The 99MW project at Theni will increase the group’s wind energy generation in India to around 450MW, the company said in an emailed statement on Wednesday. BLOOMBERG


Vedanta unit chimney collapse claims 25 lives

New Delhi: A chimney being built at a power plant unit of Vedanta Resources Plc in Korba district in Chhattisgarh collapsed, killing 25 people, district commissioner Ashok Agrawal said over the phone on Wednesday. BLOOMBERG