Indian Oil Corporation Limited is planning to invest over Rs 22 billion in Tamil Nadu over the next two years towards major grassroots and expansion projects in the state. These projects include grassroots terminals at […]
The Oil and Natural Gas Corporation (ONGC) is set to start commercial crude oil production from its prolific deepwater block KG-DWN-98/2 in May 2023 and gas production in May 2024, after numerous delays. ONGC plans […]
The Dhamra port liquefied natural gas (LNG) terminal project is likely to be commissioned by April 2023. Dhamra LNG Terminal Private Limited, a company owned by Adani Enterprises Limited, is setting up an LNG terminal […]
A consortium of Reliance Industries Limited and BP Exploration (Alpha) Limited is likely to commence production from its deepwater MJ gas condensate field at KG-D6 block, Bay of Bengal, soon. The R-cluster and satellite cluster […]
The MoPNG has extended the bid due date for the exploration and development of 10 oil and gas blocks under the eighth round of the Open Acreage Licensing Policy (OALP), itself part of the Hydrocarbon […]
The Ministry of Petroleum and Natural Gas (MoPNG) has issued a notification pertaining to the marketing and pricing freedom of gas produced from discoveries in deepwater, ultra-deepwater and high pressure, high temperature areas. As per […]
The MoEFCC has granted environmental clearance for revamping of the crude distillation unit (CDU) along with naphtha splitter facilities (NSF) and naphtha splitter unit (NSU) at the Guwahati refinery project. The project involves the expansion […]
The Assam government has approved the Assam City Gas Distribution (CGD) Policy, 2022 for CGD network development. The Assam CGD Policy, 2022 authorises service providers to establish, operationalise and maintain a CGD network in the […]
The Oil and Natural Gas Corporation’s (ONGC) offshore drilling rig known as Sagar Samrat has been commissioned as a mobile offshore production unit (MOPU). The Sagar Samrat MOPU will handle up to 20,000 barrels per […]
Reliance Industries Limited and its partner BP plc have sought bids for the sale of natural gas from the eastern offshore KG-D6 block at a price linked to the rate at which liquefied natural gas […]
Hindustan Oil Exploration Company Limited (HOEC) has resumed the production of oil from the D-1 well of the MB/OSDSF/B80/2016 block. The D-1 well was closed for production in June 2022 due to a leakage. The block is spread over an area of 56 […]
Petronet LNG Limited and Gopalpur Ports Limited have signed a term sheet for the establishment and operation of the Gopalpur floating storage and regasification unit (FSRU) terminal project. The project is likely to be operational by 2025 and will be financed by a combination of debt and equity. The project […]
Bharat Petroleum Corporation Limited’s (BPCL) board has approved the financial plan and capital expenditure for laying the piped gas network, and building and operating eight CGD projects. The plan will entail an estimated investment of Rs 353.55 billion. The company is authorised to undertake the projects under the Petroleum and Natural Gas […]
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 […]
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