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 […]
The Oil and Natural Gas Corporation (ONGC) has signed six contracts for offshore discovered small fields (DSFs), with three each for fields in the Arabian Sea and Bay of Bengal. The contracts were signed under […]
ONGC has relaunched a tender to sell gas from its KG fields at the higher price of $15 per million British thermal units (mBtu), as it looks to capitalise on a global surge in energy […]
Larsen & Toubro’s (L&T) energy business has secured an engineering, procurement, construction and commissioning contract worth Rs 25 billion-Rs 50 billion from IOCL for developing a residue hydrocracker unit for the latter’s Panipat refinery. IOCL […]
Chennai Petroleum Corporation Limited (CPCL) has formed a joint venture (JV) with IOCL, its parent entity and other entities to construct a refinery with a capacity of 9 mtpa at a cost of Rs 315.8 […]
Petronet LNG Limited plans to invest around Rs 400 billion over the next five years in a bid to expand its import infrastructure, and enter into a new business to increase its profitability to Rs […]
IOCL has awarded an engineering, procurement and construction (EPC) contract worth $75 million to Thryssenkrupp Industrial Solutions India Limited for constructing a catalytic dewaxing unit (CDW) at IOCL’s Baroda refinery in Gujarat. The proposed CDW […]
The central government has set up a panel to review the formula that dictates the pricing of gas produced by companies such as ONGC and Reliance Industries. The idea is to moderate the steep increase […]
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