Indian Oil Corporation Limited (IOCL) has commissioned its 120th aviation fuel station at Darbhanga in Bihar. IOCL, which controls about 40 per cent of the fuel market in the country, was selected for developing a […]
Bharat Petroleum Corporation Limited (BPCL) has upgraded its bunkering facility with five jetties that can now pump oil into ships from pipelines at the Marine Oil Terminal on Butcher Island, off the east coast of […]
Swan Energy Limited has recently acquired a floating storage and regasification unit (FSRU) named Vasant 1, moving forward with its plans of setting up the country’s first FSRU-based liquefied natural gas (LNG) port near Jafrabad […]
Hindustan Petroleum Corporation Limited (HPCL) has raised Rs 20 billion in debt for funding its capital expenditure during the current year. HPCL has issued unsecured, redeemable, non-convertible, non-cumulative, taxable, debentures of Rs 1 million each […]
The union cabinet has allowed the Abu Dhabi National Oil Company (ADNOC) to export oil from its Mangalore strategic petroleum reserve, marking a policy shift that could enhance foreign participation as India seeks to expand […]
The Oil and Natural Gas Corporation (ONGC) has won seven out of the 11 oil and gas exploration blocks and Oil India Limited (OIL) has won the remaining four blocks offered for bidding in the […]
The Ministry of Shipping (MoS) has issued a stipulation in the standard operating procedures for the procurement/chartering of tugs by the major port trusts. Accordingly, the MoS will blacklist Indian tugboat owners from participating in […]
India launched its first gas trading exchange on June 15, 2020, enabling local and foreign players such as Shell, Vitol and Trafigura to sell directly to domestic customers. India is expanding its gas infrastructure, including […]
The Petroleum and Natural Gas Regulatory Board (PNGRB) is set to open city gas distribution (CGD) networks across the country to competition, allowing participation of more than one player in a circle. The PNGRB has finalised […]
The Directorate General of Hydrocarbons (DGH) has allowed companies to monetise oil and gas discoveries without undergoing the time-consuming procedure of government approvals for field development plans and other bureaucratic processes. According to the DGH, […]
The Himachal Pradesh government has announced that the state has become the first in the country where all households have liquefied petroleum gas (LPG) gas connections. Reportedly, as many as 136,000 families in the state […]
IOCL has set up a product application and development centre (PADC) at Paradip at a capex of Rs 430 million in order to facilitate and support the development of the polymer industry in Odisha as well as […]
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 government has, for the second time, extended the bidding deadline for privatisation of Bharat Petroleum Corporation Limited (BPCL) by over a month to July 31, 2020. While the cabinet had approved the sale of […]
The Qatar government has agreed to discuss India’s demand to renegotiate its long-term LNG contract, reversing the stand it took just four months ago, as crumbling spot prices and collapsing demand during the pandemic has […]
The Directorate General of Hydrocarbons (DGH) has extended the last date of bidding for 11 oil and gas blocks on offer in the fifth exploration bid round to June 30, 2020 in view of the […]
Torrent Gas Limited, the city gas distribution firm of the Gujarat-based Torrent Group, has commissioned 21 compressed natural gas (CNG) stations in five states after lockdown relaxations allowed resumption of select economic activities. Torrent Gas, […]
From April to mid-May 2020, over 80 million PradhanMantriUjjwalaYojana (PMUY) beneficiaries received 68 million free liquefied petroleum gas (LPG) cylinders. Under the PradhanMantriGaribKalyan Package (PMGKP), for ameliorating COVID-19-related pain of the poor, in March the government […]
The government has, for the second time, extended the bidding deadline for privatisation of Bharat Petroleum Corporation Limited (BPCL) by over a month to July 31, 2020. While the cabinet had approved the sale of […]
The Qatar government has agreed to discuss India’s demand to renegotiate its long-term LNG contract, reversing the stand it took just four months ago, as crumbling spot prices and collapsing demand during the pandemic has […]
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