Oil and Gas

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 […]

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 […]