Vedanta cuts oil production at its Rajasthan block

April 2020

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 […]

Government invites bids for stake sale in BPCL

March 2020

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 […]

ONGC ends shale exploration in India

December 2019

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 […]

BPCL introduces digital payment methods

December 2019

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 […]

DGH launches a single window clearance system

December 2019

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. […]

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