The Directorate General of Hydrocarbons (DGH) has received 10 bids for eight oil and gas blocks offered under the seventh round of the new exploration policy. Of the 10 bids received, only two are from […]
The Oil and Natural Gas Corporation (ONGC) has unveiled a new oil and gas discovery in the prolific Mumbai basin off the country’s west coast. ONGC discovered oil and gas in the VGN-1 exploration well […]
IOCL is planning three new plants in the Northeast to increase its liquefied petroleum gas (LPG) bottling capacity by 53 per cent, to 80 million cylinders annually, by 2030, in order to meet the growing […]
Bharat Petroleum Corporation Limited (BPCL) has launched a gas distribution network in Aurangabad and Ahmednagar districts of Maharashtra. The company plans to invest around Rs 40 billion for the completion of the project. The project […]
Adani Port and Special Economic Zone Limited has signed an agreement with Indian Oil Corporation Limited (IOCL) to augment IOCL’s crude oil volumes at Mundra port. After the expansion of IOCL’s existing crude oil tank […]
The Reserve Bank of India (RBI) has issued a notification to operationalise the $500 million line of credit (LoC) provided by India to Sri Lanka for buying petroleum products. In February 2022, the Export Import […]
Maharashtra Natural Gas Limited (MNGL) has started trial operations of its liquefied natural gas (LNG) to compressed natural gas (CNG) conversion plant at Pathardi in Ahmednagar district of Maharashtra. The plant is expected to be […]
L&T Hydrocarbon Engineering Limited, a wholly owned arm of Larsen & Toubro (L&T), has secured a large offshore contract from ONGC for the seventh development phase of its pipeline replacement projects. The contract has been […]
India has extended a line of credit of around $500 million to Sri Lanka to fund the country’s fuel purchases, as the nation struggles to overcome its worst financial and energy crisis in decades. The […]
Bharat Petroleum Corporation Limited (BPCL), GAIL (India) Limited, ONGC, IOCL, HPCL and Oil India Limited (OIL) plan to invest around Rs 1.1 trillion during 2022-23. These public sector enterprises will invest 7.4 per cent more […]
The Indian Energy Exchange (IEX) has sold 4.93 per cent of its stake in the India Gas Exchange (IGX) to Indian Oil Corporation Limited (IOCL). The IEX and the National Stock Exchange are promoters of […]
Petronet LNG Limited intends to invest Rs 400 billion over the next four to five years, including some investment in overseas supply sources. Petronet LNG plans to make a foray into the petrochemical business by […]
Hindustan Petroleum Corporation Limited (HPCL) plans to invest Rs 262.64 billion towards the expansion and modernisation of its Visakha refinery. Under the Visakha refinery modernisation project, the capacity of the refinery will be expanded from […]
According to the Ministry of Petroleum and Natural Gas, India will more than double the area under exploration and production of oil and gas to 0.5 million square km by 2025 and 1 million square […]
IOCL acquired a 4.93 per cent stake in the India Gas Exchange (IGX) for Rs 37 million. IOCL joins the likes of oil and gas explorer ONGC, GAIL, Torrent Gas Private Limited and Adani Total […]
IOCL plans to expand the capacity of its Digboi refinery from 0.65 mtpa to 1 mtpa. According to the Ministry of Petroleum and Natural Gas, the configuration study is expected to be completed by January […]
Numaligarh Refinery Limited (NRL) has achieved financial closure for its upcoming 6 mtpa refinery expansion project. NRL is pursuing a mega integrated refinery capacity expansion project to treble its refining capacity from 3 mtpa to […]
The central government has inaugurated a multiproduct pipeline of 365 km from the Bina refinery, Madhya Pradesh, to the POL terminal at Panki, Uttar Pradesh. The pipeline has a capacity of around 3.45 million tonnes […]
GAIL has completed the acquisition of a 26 per cent stake of Infrastructure Leasing and Financial Services (IL&FS) in the ONGC Tripura Power Company (OTPC). OTPC is a special purpose vehicle (SPV) set up by […]
The Karnataka government and the LNG Alliance Company, in association with the New Mangalore Port Trust, have signed an MoU for setting up a liquefied natural gas (LNG) terminal in Mangaluru, Karnataka. The project is […]
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