The government has inaugurated the onshore facilities of Oil and Natural Gas Corporation’s (ONGC) U-field at Odalarevu in Konaseema district of Andhra Pradesh. U-field is part of ONGC’s flagship deep-water KG-DWN-98/2 cluster II development project […]
Petronet LNG has approved a plan to set up an import terminal constituting a floating storage and re-gasification unit (FSRU) for the re-gasification of imported liquefied natural gas (LNG) at arrival. The FSRU is to […]
Chennai Petroleum Corporation Limited (CPCL), Indian Oil Corporation Limited (IOCL) and seed equity partners have signed a joint venture (JV) agreement for the upcoming 9 million tonne per annum (mtpa) refinery and petrochemicals project at […]
Atlantic, Gulf and Pacific (AG&P) is looking to set up its first LNG terminal in India by the end of 2024. Initially, AG&P planned to develop the terminal in Karaikal, Pondicherry. However, they are now […]
Hindustan Petroleum Corporation Limited (HPCL) has decided to raise up to Rs 100 billion via non-convertible debentures on a private placement basis. HPCL has issued unsecured, redeemable, non-convertible, non-cumulative and taxable debentures of Rs 1 […]
The Jammu & Kashmir administration has inaugurated the Anantnag liquefied petroleum gas (LPG) bottling plant project. The project involved setting up a 12,000 metric tonne per annum bottling plant at Anantnag by Indian Oil Corporation […]
Reliance Industries Limited is expected to commission its deep-water MJ gas condensate field development offshore its native India by December 31, 2022. The company will commission the project as per plan despite the damage recently […]
Cairn Oil & Gas, a unit of Vedanta Limited, has gained a 10-year extension to the production sharing contract for its onshore Rajasthan block. Earlier, the company had announced that it had secured approval from […]
AG&P Pratham has signed an MoU with the Karnataka government for the development of the CGD network to supply natural gas across 15 districts in the state. Under this, AG&P will invest Rs 80 billion […]
The Ministry of Environment, Forest and Climate Change (MoEFCC) has granted coastal regulation zone (CRZ) clearance for the development of the city gas distribution (CGD) network in Karaikal, Puducherry and Nagapattinam, Tamil Nadu. The pipeline […]
GAIL (India) Limited is planning to open 25 compressed natural gas (CNG) filling stations by March 2023 in Dehradun. Out of these 25, work has been completed on 13 stations. Besides, 90 per cent of […]
The central government has extended the bid submission deadline for the eighth oilfield exploration licensing round from September 6, 2022 to December 30, 2022. The government had launched the eighth round under the Open Acreage […]
Shapoorji Pallonji Oil & Gas Private Limited has built a unit for the Oil and Natural Gas Corporation (ONGC) to be deployed in the KG (KG) basins. The floating production storage and offloading (FPSO) unit […]
The Ministry of Petroleum and Natural Gas (MoPNG) has announced an auction for the exploration and development of 26 blocks under the offshore Open Acreage Licensing Policy (OALP-IX), itself part of the Hydrocarbon Exploration and […]
The first CNG terminal in the world is planned to be built near Gujarat’s Bhavnagar port, at an estimated investment of Rs 40 billion. It will be executed by a consortium of the Mumbai-based Padmanabhan […]
AG&P Pratham has launched the first liquefied compressed natural gas (LCNG) station near Manthangal village in Ranipet district of Tamil Nadu. The station will act as a local storage point to which gas will be […]
Chennai Petroleum Corporation Limited, a subsidiary of IOCL, has commissioned a new sulphur recovery unit at its Manali refinery at a cost of Rs 5.7 billion. The unit will process high-sulphur crude on a continuous […]
Domestic natural gas prices were hiked by a record 40 per cent on October 1, 2022. Natural gas prices now stand at $8.57 per million British thermal units (mmBtu) on gross calorific value in the […]
India is expediting a plan to set up a strategic gas reserve on the lines of its strategic petroleum reserve (SPR), amidst a global energy crisis triggered by the Russia-Ukraine conflict, which has sent fuel […]
Bharat Petroleum Corporation Limited (BPCL) has signed a preliminary agreement with Brazil’s national oil company, Petrobras for sourcing crude oil from the Latin American nation as part of its plans to diversify sourcing needs. BPCL […]
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