Oil and Gas

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 […]

 urkmenistan announced on February 23, 2018, that it has commenced work on the construction of the Afghan section of the $8 billion TAPI (Turkmenistan-Afghanistan-Pakistan-India) natural gas pipeline. It will be fed from the Galkynysh gas […]

The central government has informed the Supreme Court that the supply of BS-VI auto fuels (both petrol and diesel) to retail outlets in Delhi will begin from April 1, 2018. BS-VI emission norms are slated […]

Reliance Industries Limited could stop production from its MA field in the KG-D6 block from October 2018 as the field has been showing a steady decline in output for several years. The possibility of shutting […]

The Ministry of Petroleum and Natural Gas (MoPNG) launched the Chennai Petroleum Corporation’s (CPC) Rs 31.1 billion residue upgradation project at the latter’s Manali refinery on February 26, 2018. Residue upgradation is a process which […]

The MoPNG has recently announced that it is working on a new National Biofuels Policy. The policy will provide a roadmap for India to move towards adopting second-generation advanced biofuels from the first-generation sugar-based biofuels […]

The government has announced that it will consult ONGC and Oil India Limited before offering their discovered small fields (DSFs) to private players under the next round of the DSF auction.

GAIL (India) Limited has entered into a 20-year contract for importing 3.5 mtpa of liquefied natural gas (LNG) from US-based Cheniere Energy’s Sabine Pass liquefaction facility in Louisiana. The first shipment was flagged off on […]

The government put 55 exploration blocks up for auction on January 18, 2018, in the first bid round under the new Hydrocarbon Exploration and Licensing Policy (HELP). HELP allows companies to carve out blocks of […]

According to the Ministry of Petroleum and Natural Gas (MoPNG), the country will have to add about 20 million tonnes (mt) of refining capacity every two-three years to achieve the target of 600 mt capacity […]