From April to mid-May 2020, over 80 million Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries received 68 million free liquefied petroleum gas (LPG) cylinders. Under the Pradhan Mantri Garib Kalyan Package (PMGKP), for ameliorating COVID-19-related pain of […]
IOCL has declared force majeure on crude purchases from four of its biggest suppliers – Saudi Arabia, Iraq, the UAE and Kuwait – as refinery run rates have been cut in view of the plummeting […]
The Directorate General of Hydrocarbons has extended the last date of bidding for the 11 oil and gas blocks on offer in the fifth bid round and decided to merge the next two rounds into […]
Indian Oil Corporation Limited (IOCL) has stated plans to import about 50 per cent more LPG to ensure uninterrupted availability of bulk LPG for its bottling plants. The company is also taking steps to increase […]
Under the Pradhan Mantri Ujjwala Yojana (PMUY), over 80 million beneficiaries will be entitled to a total of three 14.2 kg liquefied petroleum gas (LPG) cylinders for free between April and June 2020, a move […]
Post the decline in the domestic natural gas price (by 26 per cent) in the six-monthly revision announced on April 1, 2020, key city gas distribution operators such as Indraprastha Gas Limited (IGL) and Adani […]
Vedanta has cut oil production at its prolific Rajasthan block by a tenth as refiners, faced with deep demand destruction due to the nationwide lockdown, have reduced intake. Production has fallen to 160,000 barrels of […]
Shell Energy India has signed a pact with Inox India for doorstep delivery of liquefied natural gas (LNG) from its terminal in Gujarat via road to customers who are not connected to pipelines. Shell Energy owns […]
Tata Motors has completed the delivery of India’s first liquefied natural gas (LNG)-fuelled bus order. The auto manufacturer has delivered four Starbus LNG models to LNG Petronet Limited, with two each delivered in Dahej, Gujarat, and Kochi, Kerala. The […]
The central government has issued an expression of interest (EoI) for Bharat Petroleum Corporation Limited’s (BPCL) divestment. It has set $10 billion as the minimum net worth as one of the eligibility criteria in the […]
Assam-based Numaligarh Refinery Limited (NRL) has started supplying BS-VI grade motor spirit and high speed diesel from its refinery. NRL has asserted that it had commissioned a diesel hydro treater plant in 2018 at a […]
IOCL has made an investment of around Rs 30 billion to upgrade its Haldia refinery to meet Bharat Stage (BS)-VI emission norms. The oil marketing public sector undertaking will invest another Rs 3.88 billion for setting up […]
The Paradip-Hyderabad pipeline project being executed by Indian Oil Corporation Limited (IOCL) is at an advanced stage of completion. The Rs 38 billion project linking the Paradip refinery in Odisha and Hyderabad city will enhance the oil major’s leverage in […]
The central government has eliminated the subsidy on kerosene through small fortnightly price increases over nearly four years amidst low oil prices, enabling savings for the government at a time when it is facing a […]
Duganta Oil and Gas and Orissa Stevedores Limited have won 49 small and marginal oil and gas fields that state-owned Oil and Natural Gas Corporation (ONGC) had bid out. At the close of bidding in […]
The Union Government signed agreement with Oil and Natural Gas Corporation Limited (ONGC) for exploration and development of seven oil and gas (O&G) blocks under the fourth round of Open Acreage Licensing Policy (OALP-IV) on […]
A total of five firms have submitted bids for providing consultancy services for the naphtha to regasified liquefied natural gas (LNG) feed conversion project in Hydrogen Generation Unit-205 at the Manali Refinery in Tamil Nadu. […]
Reliance Industries Limited (RIL) and BG Exploration and Production India Limited (BGEPIL) have transferred a 30 per cent stake each to ONGC to operate the Panna-Mukta-Tapti offshore fields from December 21, 2019. Earlier, ONGC had […]
The central government on January 9, 2020 granted viability gap funding for the MoPNG’s proposal of extending 60 per cent budgetary support worth Rs 55.59 billion for the Northeast Natural Gas Pipeline Grid project. The […]
The Expert Appraisal Committee of the MoEFCC recommended grant of coastal regulation zone clearance for the Ennore-Kancheepuram natural gas pipeline project on November 29, 2019. IOCL has proposed laying of a 30 inch outside diameter […]
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