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HomeNewsOil and Gas

Oil and Gas

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Oil and Gas

IGX commences gas trade from two new hubs in Maharashtra

May 15, 2021

The Indian Gas Exchange (IGX) has commenced gas trade from two new hubs at Dabhol and Jaigarh in Maharashtra on April 21, 2021. With this, the exchange now has five physical gas hubs. The existing […]

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Oil and Gas

Government inaugurates BPCL’s Rs 60 billion propylene derivative petrochemical project

March 13, 2021

The central government has inaugurated a Rs 60 billion propylene derivative petrochemical project at Bharat Petroleum Corporation Limited’s (BPCL) Kochi refinery. The project will help generate 500,000 million tonnes per annum (mtpa) of propylene. This […]

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Oil and Gas

ONGC acquires 5 per cent stake in Indian Gas Exchange

March 13, 2021

The Oil and Natural Gas Corporation has signed a share purchase and shareholders agreement with the Indian Gas Exchange (IGX) and the Indian Energy Exchange (IEX) to acquire a 5 per cent stake in the […]

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Oil and Gas

Gujarat-based CGD companies plan to add new CNG station

March 13, 2021

Gujarat-based city gas distribution (CGD) companies are planning to aggressively add new compressed natural gas (CNG) stations. This expansion is driven by the government’s greater push for the usage of cleaner fuels, the growing adoption […]

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Oil and Gas

IOC to invest Rs 324.96 billion to expand Panipat refinery capacity

March 13, 2021

The Indian Oil Corporation (IOC) plans to invest Rs 329.46 billion to expand the capacity of its oil refinery at Panipat in Haryana to 25 mtpa, and set up chemical units. The expansion will be […]

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Oil and Gas

IOC to set up mega biorefineries in Telangana, Andhra Pradesh

March 13, 2021

IOC is planning to set up two mega biorefineries in Telangana and Andhra Pradesh, as part of its transition from fossil fuels to multi-source, clean energy. According to IOC, these second-generation biorefineries, which will extract […]

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Oil and Gas

Syama Prasad Mookerjee Port and Hiranandani Group enter into an agreement to build LNG terminal

March 13, 2021

The Syama Prasad Mookerjee Port (SMP), previously known as Kolkata port, has entered into an agreement with the Mumbai-based Hiranandani Group to build a jetty-based LNG terminal at East Midnapur for storage and regasification of […]

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Oil and Gas

IEX divests 5 per cent stake in IGX to GAIL

February 12, 2021

The Indian Energy Exchange (IEX) has announced a divestment of 5 per cent equity stake in the Indian Gas Exchange (IGX) to GAIL (India) Limited, making it the third investor to participate in the platform. […]

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Oil and Gas

Shell India starts LNG truck-loading unit at Hazira

February 12, 2021

Royal Dutch Shell’s India unit has started the operation of its small-scale liquefied natural gas (LNG) supply with a truck-loading unit being inaugurated at its LNG import terminal at Hazira, Gujarat. The unit will boost […]

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Oil and Gas

GAIL plans to launch pipeline InvIT before the proposed split

February 12, 2021

GAIL plans to launch an infrastructure investment trust (InvIT) of its two gas pipelines between Dahej and Bengaluru, ahead of a proposed splitting of the pipeline business from the gas marketing function. These pipelines are […]

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Oil and Gas

EESL to implement energy efficient PNG cook stove programme across India

February 12, 2021

Energy Efficiency Services Limited (EESL) has signed an MoU with the Petroleum Conservation Research Association for the implementation of the Energy Efficient Piped Natural Gas Cook Stive programme across the country. Under the MoU, EESL […]

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Oil and Gas

India’s gas production rises above pre-Covid level

February 12, 2021

According to the Directorate General of Hydrocarbons, India’s natural gas production has risen above the pre-Covid level following the output from a KG-D6 field operated by Reliance Industries Limited and its partner BP Plc. Natural […]

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Oil and Gas

Major ports’ extent of volume decline reducing steadily, suggesting recovery in external trade

February 12, 2021

During April-January 2020-21, major Indian ports handled 542.14 million tonnes (mt) of traffic, compared to 585.73 mt in the corresponding period of 2019-20, registering a decline of 7.44 per cent. Port-wise, the Deendayal port handled […]

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Oil and Gas

Chhattisgarh signs MoU for country’s first ethanol plant to be set up in PPP mode

January 17, 2021

The Chhattisgarh government has signed an MoU for the country’s first ethanol plant to be set up in the state under the public-private partnership (PPP) model. The contract was signed with Bhoramdev Cooperative Sugar Factory […]

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Oil and Gas

Reliance-BP consortium invites bidders for gas from KG-D6 basin

January 17, 2021

Reliance Industries Limited (RIL) and the UK-based BP Plc have invited companies to bid for gas produced from the KG-D6 basin. The gas produced at KG-D6 will be available for sale at the delivery point […]

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Oil and Gas

NRL plans to spend Rs 9.49 billion on its capital projects in 2020-21

January 17, 2021

Assam-based Numaligarh Refinery Limited (NRL) is planning to spend around Rs 9.49 billion in the current financial year on its capital projects. These include a refinery expansion project from the current 3 million tonnes per […]

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Oil and Gas

Indian Oil awards $255 million contract to Tecnimont Private Limited

January 17, 2021

Indian Oil Corporation Limited has awarded a $255 million contract to Tecnimont Private Limited, the Indian entity of Italian firm Tecnimont SpA, for the setting up of new acrylic acid and butyl acrylate production units. […]

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Oil and Gas

OIL, AHECL sign agreement for E&P of crude oil and natural gas in Namrup Block

January 17, 2021

Assam Hydrocarbon and Energy Company Limited (AHECL) and Oil India Limited (OIL) have signed an agreement for the exploration and production (E&P) of crude oil and natural gas in the Namrup Block. As per the […]

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Oil and Gas

MoPNG plans to invest $60 billion in gas infrastructure by 2024

January 17, 2021

The Ministry of Petroleum and Natural Gas (MoPNG) has planned a $60 billion investment for creating gas infrastructure in the country till 2024. This includes pipelines, LNG terminals and CGD networks. With this, the share […]

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Oil and Gas

MoPNG plans to invest $60 billion in gas infrastructure by 2024

January 17, 2021

  The Ministry of Petroleum and Natural Gas (MoPNG) has planned a $60 billion investment for creating gas infrastructure in the country till 2024. This includes pipelines, LNG terminals and CGD networks. With this, the […]

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