India’s first gas trading hub launched

July 2020

India launched its first gas trading exchange on June 15, 2020, enabling local and foreign players such as Shell, Vitol and Trafigura to sell directly to domestic customers. India is expanding its gas infrastructure, including […]

Monopoly in city gas sales to end soon

July 2020

The Petroleum and Natural Gas Regulatory Board (PNGRB) is set to open city gas distribution (CGD) networks across the country to competition, allowing participation of more than one player in a circle. The PNGRB has finalised […]

49 small and marginal gas fields awarded

June 2020

Duganta Oil and Gas and Orissa Stevedores Limited have won 49 small and marginal oil and gas fields that state-owned Oil and Natural Gas Corporation (ONGC) had bid out. At the close of bidding in […]

BPCL privatisation bid deadline extended

June 2020

The government has, for the second time, extended the bidding deadline for privatisation of Bharat Petroleum Corporation Limited (BPCL) by over a month to July 31, 2020. While the cabinet had approved the sale of […]

Qatar agrees to discuss LNG contract renegotiation

June 2020

The Qatar government has agreed to discuss India’s demand to renegotiate its long-term LNG contract, reversing the stand it took just four months ago, as crumbling spot prices and collapsing demand during the pandemic has […]

Torrent Gas commissions 21 CNG stations

June 2020

Torrent Gas Limited, the city gas distribution firm of the Gujarat-based Torrent Group, has commissioned 21 compressed natural gas (CNG) stations in five states after lockdown relaxations allowed resumption of select economic activities. Torrent Gas, […]

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 […]

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