Oil and Gas

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 […]

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 […]

The Directorate General of Hydrocarbons (DGH) has allowed companies to monetise oil and gas discoveries without undergoing the time-consuming procedure of government approvals for field development plans and other bureaucratic processes. According to the DGH, […]

The Himachal Pradesh government has announced that the state has become the first in the country where all households have liquefied petroleum gas (LPG) gas connections. Reportedly, as many as 136,000 families in the state […]

IOCL has set up a product application and development centre (PADC) at Paradip at a capex of Rs 430 million in order to facilitate and support the development of the polymer industry in Odisha as well as […]

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 […]

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 […]

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 […]

The Directorate General of Hydrocarbons (DGH) has extended the last date of bidding for 11 oil and gas blocks on offer in the fifth exploration bid round to June 30, 2020 in view of the […]

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, […]

From April to mid-May 2020, over 80 million PradhanMantriUjjwalaYojana (PMUY) beneficiaries received 68 million free liquefied petroleum gas (LPG) cylinders. Under the PradhanMantriGaribKalyan Package (PMGKP), for ameliorating COVID-19-related pain of the poor, in March the government […]

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 […]

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 […]