Oil and Gas

A consortium of Indian companies led by ONGC Videsh Limited (OVL) is likely to acquire a 49 per cent stake in Russia’s Vankor cluster oilfields owned by Rosneft by February 2018. OVL is expected to […]

Philippines-based Atlantic Gulf & Pacific Company has signed a pact with Karaikal Port Private Limited to develop a liquefied natural gas (LNG) import terminal at the port in Puducherry. The terminal is expected to have […]

Hindustan Petroleum Corporation Limited (HPCL) is likely to acquire Mangalore Refinery and Petrochemicals Limited (MRPL) in a share-swap deal to become India’s second largest oil refiner. The merger is likely to take place after the […]

Indian Oil Corporation Limited (IOCL) has received its first shipment of 1.6 million barrels of US crude at Paradip port, Odisha. IOCL had placed a cumulative order to source 3.9 million barrels from the US. […]

Indraprastha Gas Limited has launched prepaid smart cards on October 11, 2017, to provide consumers a digital option for making payments. The smart card is a prepaid near-field-communication-enabled card for fleet and retail compressed natural […]

The Union cabinet has given clearance to the signing of a memorandum of cooperation (MoC) with the Japanese government for setting up a flexible global liquefied natural gas (LNG) market. The MoC will provide a […]

To accelerate policy reforms in the sector, the MoPNG has formed an international oil and gas think tank which will advise the government on issues related to pricing, gas infrastructure, financial models for exploration and […]

The Ministry of Petroleum and Natural Gas (MoPNG) has stated that India will build a natural gas trading platform, which will lead to transparent pricing and encourage investment in the sector. The proposal for setting […]

The MoPNG intends to put all petroleum products on its e-commerce platform for sale in order to leverage the benefits of information technology (IT). According to the ministry, there are 0.04 billion consumers as against […]

The MoPNG plans to offer stakes of up to 60 per cent in oil and gas fields owned by state energy companies that are already under production to private firms. The plan will boost the […]

The Ministry of Petroleum and Natural Gas (MoPNG) plans to introduce Bharat Stage-VI (BS-VI) fuel by April 2020 and make it as clean as compressed natural gas. The ministry has also stated that refineries are being upgraded for […]

Indian Oil Corporation Limited (IOCL) is planning to commence work on the Paradip-Hyderabad product pipeline project by December 2017. The project is expected to be completed in 36 months. Currently, IOCL is in the process of tendering for […]

GAIL India has signed three time-swap deals to sell some of its US liquefied natural gas (LNG) as it reorganises its supply portfolio in line with domestic demand. As per the deal, the company will buy LNG from […]

IOCL has purchased the country’s first shale oil from the US and is aiming to step up its imports from America as a part of its crude oil diversification strategy. The company bought 1.9 million barrels of US […]

The Oil and Natural Gas Corporation (ONGC) plans to double its gas production to over 100 million standard cubic metres per day in the next five-six years. The government is targeting an increase in the share of gas […]

The Directorate General of Hydrocarbons in its draft report titled “Policy Issues for Streamlining the Working of Production Sharing Contracts”, has proposed a policy prescription on 11 long-standing issues related to contracts under the New Exploration Licensing Policy (NELP) […]

The MoPNG has stated that the daily revision in petrol and diesel prices will continue despite petrol prices rising by Rs 6.60 per litre since July. As per the ministry, the daily revision in petrol and diesel prices […]

The delivery of fuels (such as petrol and diesel) to homes is being mulled over as government-owned fuel retailers are in advanced talks with the Petroleum and Explosives Safety Organisation (PESO) on the formulation of […]

GAIL (India) Limited has completed land acquisition for its Kochi-Kanjirakode-Bangalore/Mangalore gas pipeline project. The project involves the construction of a 1,156 km long pipeline with a 16 mmscmd capacity (including 4 mmscmd as common carrier) […]

Bharat Petroleum Corporation Limited plans to venture into the gas business and diversify the sourcing of fuels as a part of its five-year plan to expand its value chain. The company is targeting a spend […]