Oil and Gas

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.

H-Energy has launched the country’s first floating liquefied natural gas (LNG) terminal at Jaigarh port in Maharashtra’s Ratnagiri district. The LNG terminal has a capacity of 4 mtpa and is slated to begin commercial operations […]

IOCL plans to lay a 330 km pipeline from Paradip to Haldia via Somnathpur to evacuate products from its Paradip refinery. IOCL’s board has already given the first-stage approval for the pipeline project, which will […]

IOCL bid for a stake in Vietnam’s Binh Son Refining and Petrochemical Company in February 2018. It has submitted an EoI for becoming a strategic partner in the Vietnamese company by taking a 49 per […]

The Saudi Arabian Oil Company (Saudi Aramco) will partner with a consortium of Indian state-run refiners to set up the world’s largest refinery and petrochemical complex at Ratnagiri in Maharashtra at an investment of $44 […]

Reliance Industries Limited (RIL) has been asked by the Directorate General of Hydrocarbons to relinquish the D6 and D19 deep sea satellite gas discoveries in the KG-D6 block. The decision was taken after RIL informed […]

The Oil and Natural Gas Corporation (ONGC) has started spudding the first of the 34 wells at its $5.07 billion KG basin oil and gas project. Of the 34 wells, 15 are oil producing, 8 […]

The PNGRB announced new bidding parameters for obtaining a licence to retail compressed natural gas (CNG) and piped natural gas (PNG) in cities. As per the new regulations, the future auctions will be conducted by […]