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HomeNewsOil and Gas

Oil and Gas

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Oil and Gas

MoPNG notifies gas price ceiling for October 2023- March 2024 period

October 5, 2023

The Ministry of Petroleum and Natural Gas (MoPNG) has notified the gas price ceiling for gas produced from discoveries in deepwater, ultra deepwater and high pressure high temperature areas. The price ceiling for the period […]

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Oil and Gas

Union Government inaugurates and lays foundation stone of multiple oil and gas projects

October 5, 2023

The Union government has inaugurated and laid the foundation stones of multiple oil and gas projects in the states of Telangana, Rajasthan and Madhya Pradesh. It inaugurated the Hassan-Cherlapalli liquefied petroleum gas (LPG) pipeline and […]

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Oil and Gas

ONGC signs term agreement with HPCL for sale of crude oil from Mumbai offshore

September 26, 2023

As per reports, Oil and Natural Gas Corporation Limited (ONGC) has signed a term agreement with Hindustan Petroleum Corporation Limited (HPCL) for sale of 4.5 million tonnes per annum (mtpa) crude oil produced from its […]

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Oil and Gas

Barauni- Guwahati pipeline likely to provide gas in Guwahati by December

September 26, 2023

Gas supply in Guwahati is likely to commence by December 2023 via Barauni- Guwahati natural gas pipeline. It would link the state of Assam with the national gas grid. The Barauni- Guwahati natural gas pipeline, […]

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Oil and Gas

Think Gas inaugurates 100th CNG station at Bhopal in Madhya Pradesh

September 26, 2023

Think Gas has inaugurated its 100th compressed natural gas (CNG) station in Karond, Bhopal in the state of Madhya Pradesh. Besides, it has also inaugurated the first liquefied natural gas (LNG) dispensing terminal in Bagroda […]

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Oil and Gas

Torrent Gas commences PNG supply to households in Patiala

September 20, 2023

Torrent Gas Private Limited has commenced PNG supply to households in Patiala in the state of Punjab. Besides, it has laid pipelines in Rajpura to provide domestic gas connections. Torrent Gas operates 26 CNG stations […]

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Oil and Gas

Megha Gas inaugurates two CNG daughter booster stations in Wardha GA

September 20, 2023

Megha City Gas Distribution Private Limited has commissioned two compressed natural gas (CNG) daughter booster stations in Wardha geographical area (GA) in the state of Maharashtra. Megha Gas plans to establish 15 CNG stations in […]

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Oil and Gas

Union Cabinet approves LPG scheme for release of grant money

September 15, 2023

Reportedly, the Union Cabinet has approved the scheme for the release of grant money to support LPG connections to women under the Pradhan Mantri Ujjwala Yojana. A total of 7.5 million LPG connections would be […]

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Oil and Gas

Union Government lays foundation stone for Bina refinery expansion

September 15, 2023

The Union Government has laid the foundation stone for Bina refinery expansion in Bina, Madhya Pradesh. Bharat Oman Refineries Limited, a wholly owned subsidiary of Bharat Petroleum Corporation Limited is planning to expand the Bina […]

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Oil and Gas

OIL plans to invest Rs 250 billion to achieve net zero emissions by 2040

September 15, 2023

As per reports, Oil India Limited (OIL) is planning to invest around Rs 250 billion to achieve net zero greenhouse gas emissions by 2040. The company’s plan is in line with the country’s national vision […]

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Oil and Gas

Power Finance Corporation signs loan agreement with APL worth Rs 12.29 billion

September 10, 2023

Power Finance Corporation Limited has signed a loan agreement with Assam Petrochemicals Limited (APL) to provide term loan worth Rs 12.29 billion for the implementation of 500 tonnes per day (tpd) capacity methanol plant including […]

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Oil and Gas

PNGRB initiates study for hydrogen transmission in natural gas

September 9, 2023

The Petroleum and Natural Gas Regulatory Board (PNGRB), in collaboration with the World Bank, has initiated a study for hydrogen transmission in natural gas pipelines and City Gas Distribution networks. The study involves the mapping […]

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Oil and Gas

Shell India plans LNG regasification terminal project in Gujarat

September 9, 2023

Shell India is planning to set up a liquefied natural gas (LNG) regasification terminal in Gujarat. It will entail an investment of approximately Rs 5 billion for the LNG regasification terminal, asset integrity rejuvenation, and […]

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Oil and Gas

Vedanta seeks USD9.5 per mBtu for sale of natural gas from RJ-ON-90/1 block

September 9, 2023

Vedanta Limited is seeking a minimum of $9.5 per million British thermal unit (mBtu) for the sale of natural gas from the RJ-ON-90/1 block at Bar­mer in Rajasthan. It has sought bids for the sale […]

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Oil and Gas

IOCL plans to augment natural gas consumption by 2030

September 9, 2023

Indian Oil Corporation Limited (IOCL) is planning to augment its natural gas consumption by two and a half times by 2030 towards its carbon neutrality mission. IOCL has set a net-zero operational emissions target by […]

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Oil and Gas

BPCL plans Rs 1,500 billion capex for Project Aspire

September 9, 2023

Bharat Petroleum Corporation Limited (BPCL) has planned a capex of Rs 1,500 billion over a period of five years towards its transformative initiative, Project Aspire. As part of this project, along with growing its oil […]

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Oil and Gas

ONGC plans two crude oil to chemical projects

September 9, 2023

Oil and Natural Gas Corporation Limited (ONGC) is planning to set up two greenfield oil-to-chemical projects in the country for converting crude oil to high-value chemical products. ONGC plans to collaborate with entities and explore […]

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Oil and Gas

PFC signs loan agreement with APL worth Rs 12.29 billion

September 9, 2023

Power Finance Corporation Limited (PFC) has signed a loan agreement with Assam Petro-Chemicals Limited (APL) to provide a term loan worth Rs 12.29 billion. This loan will support the implementation of two plants in Assam: […]

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Oil and Gas

AG&P Pratham inaugurates two CNG stations in Mandya

September 7, 2023

In a notable development, AG&P Pratham has inaugurated two compressed natural gas (CNG) stations in Mandya district of Karnataka. The 10th CNG station was inaugurated near KIADB park along Bangalore- Mysuru National Highway (NH)- 275 […]

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Oil and Gas

IOCL plans to augment natural gas consumption by 2030

September 1, 2023

Indian Oil Corporation Limited (IOCL) is planning to augment its natural gas consumption two and a half times by 2030 towards its carbon neutrality mission. IOCL has set a net zero operational emissions target by […]

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