Oil and Gas

The government plans to increase the target for the ethanol-blended petrol (EBP) programme further to 20 per cent by 2030. This will be done to bring down the imports of petroleum products as well as […]

Public oil marketing companies (OMCs) are planning to allot about 65,000 petrol pumps across the country soon. This will nearly double the existing retail network. Three oil public sector undertakings, namely, Indian Oil Corporation Limited […]

The Petroleum and Natural Gas Regulatory Board (PNGRB) has invited bids for setting up city gas distribution (CGD) networks in 50 geographical areas (GAs) in the country under the tenth CGD bidding round. The PNGRB […]

Indian Strategic Petroleum Reserves Limited (ISPRL) has signed an MoU with the Abu Dhabi National Oil Company (ADNOC). The MoU explores the possibility of storing crude oil supplied by ADNOC at ISPRL’s underground oil storage […]

The Oil and Natural Gas Corporation (ONGC) is considering production enhancement contracts (PECs) and enhanced oil recovery (EOR) techniques to boost production from its matured oil and gas fields which are currently facing a natural […]

The government is considering a gas allocation mechanism for electricity generating units by pooling deep sea gas sourced by the Oil and Natural Gas Corporation (ONGC) with imported liquefied natural gas (LNG). It is also […]

The Directorate General of Hydrocarbons (DGH) has begun ranking India’s oil and gas fields. This is being done to bring in competition in the domestic market and help boost domestic output which has been stagnant […]

Bharat Petroleum Corporation Limited (BPCL) plans to shut its 120,000 barrels per day (bpd) crude unit and some secondary units at its Kochi refinery for three weeks starting December 1, 2018. This shutdown is for […]

The Petroleum and Natural Gas Regulatory Board (PNGRB) has invited electronic bids from interested parties for the development of city gas distribution (CGD) networks in the 50 geographical areas (GAs) it is offering under the […]

The US has agreed to grant India a waiver from Iran sanctions. This will allow Indian oil companies to continue to import about 1.25 million tonnes (mt) of oil per month from Iran till March […]

The Supreme Court has ruled that no Bharat Stage-IV (BS-IV) vehicle will be sold across the country with effect from April 1, 2020. In 2016, the centre had announced that India would skip BS-V norms […]

ONGC is in the process of drawing up a perspective plan to integrate the recently acquired Hindustan Petroleum Corporation Limited (HPCL) and the OPaL petrochemical plant at Dahej, with its main oil and gas exploration […]

The central government signed contracts for the blocks awarded under the Open Acreage Licensing Policy, Bid Round I with the awardees on October 1, 2018 at New Delhi. Contracts were signed for all 55 blocks […]

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 […]