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HomeNewsOil and Gas

Oil and Gas

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Oil and Gas

Sri Lanka signs deal to lease oil tanks to Indian Oil amid financial crisis

January 22, 2022

Sri Lanka has signed an agreement with Lanka Indian Oil Corporation Limited (LIOC) to lease 75 oil tanks to secure a $500 million fuel credit line from India. Under the agreement, LIOC, a subsidiary of […]

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Oil and Gas

India’s sixth licensing round for 21 blocks attracts three bidders

November 23, 2021

According to upstream regulator Directorate General of Hydrocarbons, India’s latest bid round for 21 oil and gas blocks attracted just three bidders. Two of whom were state-owned explorers Oil and Natural Gas Cor­po­ration (ONGC) and […]

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Oil and Gas

GAIL to build India’s largest green hydrogen plant in 12-14 months

November 9, 2021

GAIL (India) Limited plans to build a green hydrogen plant in its effort to supplement its natural gas business with carbon-free fuel. The plant, with a planned capacity of 10 MW, is the largest announced […]

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Oil and Gas

IOCL to set up India’s first mega-scale Maleic Anhydride Plant at Panipat

November 9, 2021

IOCL plans to invest around Rs 36 billion in setting up India’s first mega-scale maleic anhydride plant with a capacity to produce 120,000 tonnes of maleic anhydride per annum. Maleic anhydride is used in polyester […]

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Oil and Gas

Oil PSUs to set up 22,000 EV charging stations in the next 3-5 years

November 9, 2021

IOCL, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) plan to set up 22,000 electric vehicle (EV) charging stations over the next three to five years. IOCL plans to set up EV […]

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Oil and Gas

NTPC ties up with Indian Oil to collaborate in renewable energy

November 9, 2021

Indian Oil Corporation Limited (IOCL) and NTPC Limited have signed an MoU to collaborate in the field of renewable energy and mutually explore opportunities for the supply of low-carbon captive power. The move is expected […]

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Oil and Gas

Government aims to set up 1,000 LNG stations in next three years

November 9, 2021

The Ministry of Petroleum and Natural Gas (MoPNG), along with the Society of Indian Automobile Manufacturers Association (SIAM), has identified 1,000 locations in India for setting up commercially viable liquefied natural gas (LNG) fuelling stations […]

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Oil and Gas

Cairn partners Halliburton to increase recoverable oil reserve, explore shale

November 9, 2021

Cairn Oil and Gas Limited, a Vedanta group company, has entered into an agreement with Halliburton Offshore Services to increase the recoverable hydrocarbon reserves from its offshore assets. Cairn aims to increase the yield from […]

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Oil and Gas

Centre plans to double oil exploration acreage in North East region

November 9, 2021

The Government of India (GoI) plans to double the oil and gas exploration acreage in the Northeast from 30,000 square km to 60,000 square km by 2024-25. It also aims to expand the national natural […]

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Oil and Gas

ONGC, Saudi Aramco sign feedstock and marketing MoU

November 9, 2021

In a notable development, the Oil and Natural Gas Corporation (ONGC) has signed an MoU with Saudi Aramco for feedstock and marketing. The two companies will look into the long-term supply contracts for the sale […]

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Oil and Gas

Central government launches “Gati Shakti – National Master Plan for Multi-Modal connectivity”

October 23, 2021

The central government has launched the “Gati Shakti – National Master Plan for Multi-Modal connectivity”. The plan is expected to not only bring go­vernment processes and various stakeholders together, but also help in integrating different […]

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Oil and Gas

Numaligarh Refinery inks right to use agreement with Indradhanush Gas Grid Limited

October 23, 2021

  Assam-based Numaligarh Refinery Limited (NRL) has signed a pipeline right to use sharing agreement with Indradhanush Gas Grid Limited. NRL is in the process of laying the 1,630 km long Paradip Numaligarh Crude Pipeline, […]

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Oil and Gas

IOCL launches smart LPG cylinders in Patna

October 23, 2021

  IOCL has launched smart liquefied petroleum gas (LPG) cylinders in Patna, Bihar, which will allow customers to plan their next refill in ad­vance. These cylinders, otherwise known as Indane composite cylinders, are made of […]

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Oil and Gas

MRPL enters into agreement with Pep Fuels to provide door-to-door diesel delivery

October 23, 2021

  Mangalore Refinery and Petrochemical Limited (MRPL) has entered into an agreement with Pep Fuels, a subsidiary of ONGC, to provide door-to-door delivery of diesel. As per the agreement, Pep Fuels will source high-speed diesel […]

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Oil and Gas

ICL signs MoU with SDMC to establish waste-to-energy plant

October 23, 2021

Indraprastha Gas Limited (IGL) has signed an MoU with South Delhi Mu­nici­pal Corporation (SDMC) to establish a waste-to-energy plant in Delhi, to convert municipal solid waste into compressed biogas (CBG) for use in vehicles. As […]

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Oil and Gas

Manali Petrochemicals partners with Econic for production of CO2 containing polyols

October 23, 2021

Manali Petrochemical Limited (MPL) signed a memorandum of understanding (MoU) with the UK–based Econic Technologies to introduce a pilot project of producing environment-friendly carbon dioxide that will contain polyols. This pilot collaboration envisages scaling catalyst […]

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Oil and Gas

BPCL plans to invest Rs 1,000 billion over five years

October 23, 2021

  Bharat Petroleum Corporation Limited (BPCL) plans to invest Rs 1 trillion over the next five years in raising petrochemical production capacity and improving its oil marketing infrastructure, clean fuels and gas business. These investments […]

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Oil and Gas

Torrent Gas commences gas supply in Gorakhpur

October 23, 2021

  Torrent Gas Limited has commenced the supply of natural gas to domestic households and industries in Gorakhpur, Uttar Pradesh. The Uttar Pradesh government has inaugurated Phase I of the city gas distribution network in Gorakhpur. […]

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Oil and Gas

Petronet LNG awards contract to L&T Hydrocarbon Engineering

October 23, 2021

Petronet LNG has awarded a contract for constructing two liquefied natural gas (LNG) storage tanks to L&T Hydrocarbon Engineering as part of a package under Phase III of the Dahej expansion project in Gujarat. The […]

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Oil and Gas

MoPNG approves revised project cost of Rs 280.26 billion for the Numaligarh refinery

October 21, 2021

The Ministry of Petroleum and Natural Gas has approved a revised cost of Rs 280.26 billion for the Numaligarh refinery expansion project. The project involves capacity expansion of the Numaligarh refinery in Assam from 3 […]

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Recent Posts

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    August 18, 2026
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