IOCL has declared force majeure on crude purchases from four of its biggest suppliers – Saudi Arabia, Iraq, the UAE and Kuwait – as refinery run rates have been cut in view of the plummeting […]
The Directorate General of Hydrocarbons has extended the last date of bidding for the 11 oil and gas blocks on offer in the fifth bid round and decided to merge the next two rounds into […]
Indian Oil Corporation Limited (IOCL) has stated plans to import about 50 per cent more LPG to ensure uninterrupted availability of bulk LPG for its bottling plants. The company is also taking steps to increase […]
Under the Pradhan Mantri Ujjwala Yojana (PMUY), over 80 million beneficiaries will be entitled to a total of three 14.2 kg liquefied petroleum gas (LPG) cylinders for free between April and June 2020, a move […]
Post the decline in the domestic natural gas price (by 26 per cent) in the six-monthly revision announced on April 1, 2020, key city gas distribution operators such as Indraprastha Gas Limited (IGL) and Adani […]
Vedanta has cut oil production at its prolific Rajasthan block by a tenth as refiners, faced with deep demand destruction due to the nationwide lockdown, have reduced intake. Production has fallen to 160,000 barrels of […]
Shell Energy India has signed a pact with Inox India for doorstep delivery of liquefied natural gas (LNG) from its terminal in Gujarat via road to customers who are not connected to pipelines. Shell Energy owns […]
Tata Motors has completed the delivery of India’s first liquefied natural gas (LNG)-fuelled bus order. The auto manufacturer has delivered four Starbus LNG models to LNG Petronet Limited, with two each delivered in Dahej, Gujarat, and Kochi, Kerala. The […]
The central government has issued an expression of interest (EoI) for Bharat Petroleum Corporation Limited’s (BPCL) divestment. It has set $10 billion as the minimum net worth as one of the eligibility criteria in the […]
The Union Government signed agreement with Oil and Natural Gas Corporation Limited (ONGC) for exploration and development of seven oil and gas (O&G) blocks under the fourth round of Open Acreage Licensing Policy (OALP-IV) on […]
A total of five firms have submitted bids for providing consultancy services for the naphtha to regasified liquefied natural gas (LNG) feed conversion project in Hydrogen Generation Unit-205 at the Manali Refinery in Tamil Nadu. […]
Reliance Industries Limited (RIL) and BG Exploration and Production India Limited (BGEPIL) have transferred a 30 per cent stake each to ONGC to operate the Panna-Mukta-Tapti offshore fields from December 21, 2019. Earlier, ONGC had […]
The central government on January 9, 2020 granted viability gap funding for the MoPNG’s proposal of extending 60 per cent budgetary support worth Rs 55.59 billion for the Northeast Natural Gas Pipeline Grid project. The […]
The Expert Appraisal Committee of the MoEFCC recommended grant of coastal regulation zone clearance for the Ennore-Kancheepuram natural gas pipeline project on November 29, 2019. IOCL has proposed laying of a 30 inch outside diameter […]
The Cabinet Committee on Economic Affairs (CCEA) accorded in-principle approval for strategic disinvestment of stake in BPCL on November 20, 2019. This includes disinvestment of the government’s shareholding of 53.29 per cent in BPCL (except […]
Purba Bharati Gas Private Limited, a joint venture (JV) of Assam Gas Company Limited (AGCL), OIL and GAIL Gas Limited was incorporated on November 19, 2019 for the implementation of city gas distribution (CGD) projects […]
The Oil and Natural Gas Corporation (ONGC) has ended its shale exploration programme ahead of schedule, concluding that India may not have enough commercially extractable shale reserves. With this, the Ministry of Petroleum and Natural […]
Bharat Petroleum Corporation Limited (BPCL) has introduced point-of-sale (PoS) machines along with its distributors to enable consumers to use their credit or debit cards for the payment of liquefied petroleum gas (LPG) cylinders delivered to […]
The Directorate General of Hydrocarbons has launched a single-window clearance system that connects upstream companies to different arms of the government, allows electronic filing of most applications, and sharply cuts time taken in obtaining clearances. […]
NGC Energy India Private Limited in collaboration with Petredec has plans to set up a liquefied petroleum gas (LPG) import and storage terminal at Krishnapatnam port in Andhra Pradesh. The proposal for the grant of […]
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