Oil and Gas

The government has raised the domestic price of natural gas by 10 per cent to $3.36 per unit for the six-month period October 2018-March 2019. Natural gas prices in the country are revised every six […]

The Expert Appraisal Committee of the Ministry of Environment, Forest and Climate Change (MoEFCC) has given its go-ahead to the Oil and Natural Gas Corporation (ONGC) for additional development drilling of 72 wells in the […]

Surat’s Agriculture Produce Market Committee (APMC) became India’s first cooperative society to commercially sell bio-natural gas produced from fruit and vegetable waste. The produce was sold to Gujarat Gas Limited (GGL) through a gas purchase […]

Reliance Industries Limited (RIL) has permanently shut down its MA (D26) field in the KG-DWN-98/3 (KGD6) block, after production from the block declined to zero. The block was operated by RIL, which was a part […]

Vedanta Resources Limited has made a significant gas discovery in the Krishna-Godavari (KG) basin – block KG-OSN-2009-3. Vedanta owns 100 per cent participatory interest in the block. It has notified the Ministry of Petroleum and […]

The cabinet has approved the policy framework to promote and incentivise enhanced recovery/improved recovery and unconventional hydrocarbon (UHC) production methods and techniques. Enhanced recovery includes both enhanced oil recovery and enhanced gas recovery, while UHC […]

The Cabinet Committee on Economic Affairs (CCEA) has given its approval to revise the price of ethanol derived from B heavy molasses/ partial sugarcane juice and fix the price for 100 per cent sugarcane juice-based […]

The Cabinet Committee on Economic Affairs (CCEA) has given its approval to revise the price of ethanol derived from B heavy molasses/ partial sugarcane juice and fix the price for 100 per cent sugarcane juice-based […]

The Ministry of Petroleum and Natural Gas notified the policy framework for streamlining production sharing contracts for New Exploration and Licensing Policy (NELP) and pre-NELP blocks on August 14, 2018. As per the framework, all […]

Oil India Limited (OIL) has discovered highly viscous heavy oil in the infra-Cambrian rock at its Jaisalmer fields. The crude has been extracted from the Jaisalmer field after almost 26 years of OIL getting the […]

India is planning to triple its biofuels production by 2022. The government has planned 12 biofuel refineries in the country at an investment of Rs 100 billion. Each refinery is expected to generate employment for […]

India has requested a renegotiation in the price of the natural gas it will be sourcing through the proposed Turkmenistan-Afghanistan-Pakistan-India pipeline. This is being done in view of the current low in the global energy […]

India has banned the import of petcoke for use as a fuel. However, petcoke import for use as feedstock in some industries is still allowed. The use of petcoke has come under scrutiny due to […]

The government has imposed restrictions on the export of biofuels. Biofuels such as ethyl alcohol, petroleum oil and oils obtained from bituminous minerals, biodiesel and mixtures are covered under this. Earlier, export of these items […]

Vedanta Resources has won 41 of the 55 blocks offered under the first oil and gas auction held under the Open Acreage Licensing Policy (OALP I). Vedanta had put in bids for all 55 blocks […]

An online portal has been launched for enabling booking of common carrier capacity for natural gas transmission through pipelines owned by GAIL (India) Limited. GAIL has been providing third-party access to its pipelines since 2004. […]

Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL) are planning to share the investments for upcoming product and gas pipelines across the country. This will help them […]

The government has deferred the bidding for 60 oil and gas fields being offered in the second round of bidding for discovered small fields (DSFs) from its original schedule in June 2018 to July 2018. […]

The cabinet has approved the construction of two more strategic petroleum reserves (SPRs) with a total capacity of 6.5 million tonnes (mt) in India. A 4.4 mt SPR will be set up at Chandikhol in […]

The Punjab government is considering setting up 160 biomass processing plants in the state. The plants will use paddy straw and agricultural waste to produce animal feed which will be mixed with coal. The state […]