Oil and Gas

The government has hiked the price of ethanol which is used for blending with petrol, by almost Rs 3 per litre to Rs 43.70 for 2018-19. This will cut India’s oil import dependence as well […]

The Oil and Natural Gas Corporation (ONGC) is seeking a gas price of at least $8.35 per million metric British thermal units (mmBtu) to break even production costs for coal bed methane from its Raniganj […]

The Delhi Pollution Control Committee has notified the list of fuels approved for use in Delhi. The list includes fuels such as BS-VI petrol and diesel, compressed natural gas (CNG), liquefied petroleum gas, aviation turbine […]

ONGC has pushed out the start date of natural gas production from a cluster of discoveries in the Krishna Godavari (KG)-DWN-98/2 and KG-D5 blocks to December 2019. ONGC is reworking the $5.07 billion project to […]

The Petroleum and Natural Gas Regulatory Board has received over 400 bids for the 86 geographical areas (GAs) that it is offering in the ninth city gas distribution bidding round. The last date for bid […]

The union cabinet chaired by the prime minister approved the National Policy on Biofuels, 2018, on May 16, 2018. The policy classifies biofuels into 1G, 2G and 3G to provide appropriate financial and fiscal incentives […]

The Directorate General of Hydrocarbons (DGH) opened the second round of auctions under the Discovered Small Field Programme – DSF-II – to investors on May 14, 2018. The auction offers 26 contract areas made up […]

India received the first consignment of 2 million barrels of crude oil for the strategic petroleum reserve at Mangalore from the United Arab Emirates (UAE) on May 15, 2018. This is expected to help the […]

The Oil and Natural Gas Corporation (ONGC) has started commercial oil and gas production from its Nagayalanka block in the Krishna-Godavari (KG) basin. ONGC owns a 51 per cent stake in the project, while Cairn […]

The government has received 13 EoIs from companies under the second round of Open Acreage Licensing Policy (OALP) auctions. The window for submitting EoIs was closed on May 15, 2018. India has adopted a new […]

The Uttar Pradesh cabinet has given its go-ahead to Green Gas Limited’s (GGL) proposal for setting up piped natural gas (PNG) connections in the state. Agra and Lucknow have been chosen as the first cities […]

Indraprastha Gas Limited (IGL) has signed an MoU with Petronet LNG Limited (PLL) for setting up liquefied natural gas (LNG) infrastructure in India and abroad. The two entities may also jointly bid for geographic areas […]

India received its first LNG shipment from Russia’s Gazprom at Petronet’s Dahej LNG terminal on June 4, 2018. As per the Ministry of Petroleum and Natural Gas, India will be importing $1.5 billion worth of […]

The Petroleum and Natural Gas Regulatory Board (PNGRB) has opened bidding for 86 geographical areas (GAs) under the city gas distribution  ninth licensing round. The PNGRB is offering 86 permits for selling compressed natural gas […]

The Empowered Committee of Secretaries (ECS) has declined the proposal sent by the Ministry of Petroleum and Natural Gas (MoPNG) to delegate complete power to the Directorate General of Hydrocarbons (DGH) for approving or rejecting […]

Four field development plans (FDPs) of oil and gas blocks auctioned under the first Discovered Small Field Policy Bid Round were approved by the DGH on April 19, 2018. The four contracts were bagged by […]

BP Plc and Reliance Industries Limited (RIL) have sanctioned the satellite cluster project in the Krishna Godavari (KG)-D6 field. This was the second of three projects for the integrated development of their KG-D6 blocks. BP […]

Indian Oil Corporation Limited (IOCL) has proposed the ramping up of the petrochemical, fuel refining and biofuel manufacturing capacity of its Panipat refinery. The expansion is a part of a revised target to increase refining […]

The Oil and Natural Gas Corporation (ONGC) has reported gas production of 23.48 billion cubic metres (bcm) in 2017-18, its highest production in the past five years. ONGC is increasing production from its newer gas […]

ONGC plans to spend Rs 176 billion on drilling 535 oil and gas wells during 2018-19. These wells nclude 24 deepwater development wells in the KG DWN-98/2block.