Oil and Gas

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 […]

The sale of Bharat Stage-VI (BS-VI) grade fuel started in Delhi on April 1, 2018, at 391 filling stations. India is skipping two levels to move directly from BS-IV to BS-VI grade fuel. The new […]

India received its first liquefied natural gas (LNG) cargo shipment from the US on March 30, 2018, under a long-term supply deal. A charter ship, MV Meridian Spirit, carrying LNG from Louisiana arrived at Dabhol, […]

IMC Limited has received permission from the PNGRB to lay a natural gas pipeline from Kakinada in Andhra Pradesh to Nellore in Tamil Nadu. The 522 km long pipeline will have a capacity of 18 […]

The Gujarat State Petroleum Corporation (GSPC) sold a 28.4 per cent stake in Gujarat Gas Limited (GGL) to its subsidiary Gujarat State Petronet Limited (GSPL) by way of an inter se transfer of shares. With […]

Indian Oil Corporation Limited (IOCL) will invest $3.5 billion in 2018-19 to expand and upgrade its refineries and boost its marketing network. This will be about 20 per cent more than its investment plans for […]

The Punjab cabinet on March 21, 2018 approved the policy guidelines to facilitate the laying of gas pipelines across the state. The policy has been drafted after consulting Gujarat’s policy as suggested by the PNGRB. […]

The Petroleum and Natural Gas Regulatory Board (PNGRB) has cancelled GAIL (India) Limited’s licence to build the Surat-Paradip natural gas pipeline. It has ordered the encashment of its Rs 200 million performance bank guarantee. This […]

Indian Oil Corporation Limited (IOCL) has announced that it will invest Rs 700 billion to expand its refining capacity from the current 80.7 million tonnes per annum (mtpa) to 116.55 mtpa by 2030. IOCL also […]

The Abu Dhabi National Oil Company (ADNOC) has agreed to fill the strategic crude oil reserve at Mangaluru starting May 2018. ADNOC will spend about $400 million on 5.86 million barrels of crude oil that […]

ONGC Videsh Limited has announced that it will bid for the development rights to Iran’s giant South Azadegan oilfield. The company will also rework the $6.2 billion cost of developing the Farzad-B gas field in […]

Production from the Oil and Natural Gas Corporation (ONGC)-owned Krishna Godavari-D5 block may be delayed due to regulatory policy changes and ONGC may miss the June 2019 deadline for starting production from the block. As […]