The Oil and Natural Gas Corporation (ONGC) has approved an additional investment of Rs 31.04 billion for drilling wells and creating surface facilities to produce gas from the Tripura gas fields. The company will produce […]
In order to curb India’s dependence on imported crude oil, the Ministry of Petroleum and Natural Gas (MoPNG) has stated that it is planning to unveil a new policy on biofuels. The government has been […]
In order to curb India’s dependence on imported crude oil, the Ministry of Petroleum and Natural Gas (MoPNG) has stated that it is planning to unveil a new policy on biofuels. The government has been […]
Bharat Petroleum Corporation Limited (BPCL) is reassessing its plan to build a refinery in Allahabad, Uttar Pradesh. The land required for the project is already available with BPCL and it has begun erecting boundaries around […]
The first phase of the Bengaluru city gas distribution (CGD) project has been inaugurated. About 65,000 houses in the city are likely to get piped natural gas (PNG) by March 2018. The project is being […]
Reliance Industries Limited (RIL) has pulled out of the last oil block it held in Peru, trimming its overseas assets to just two properties in Myanmar. In 2007, the group established Reliance Exploration and Production […]
ONGC Videsh Limited (OVL), the overseas arm of the Oil and Natural Gas Corporation (ONGC), has got a two-year extension to explore a Vietnamese oil block in the contested waters of the South China Sea. This […]
The foundation stone for the Barmer refinery-cum-petrochemical project in Rajasthan is likely to be laid by September 2017. The state government is likely to sign the land lease deed agreement with Hindustan Petroleum Corporation Limited […]
GAIL (India) Limited is likely to construct a breakwater at the Dabhol LNG terminal to convert it into an all-weather port. The contract for the breakwater facility is likely to be awarded soon and the […]
Royal Dutch Shell and Engie (formerly GDF Suez LNG UK Limited) have exited the Kakinada Floating LNG Import Terminal Project over concerns about the demand for imported gas in India. Post the exit of the […]
The government has decided to form several committees to oversee operations at ONGC’s and OIL’s ageing oilfields that contribute about 70 per cent of the country’s oil output. The committees will have the power to […]
In a bid to reduce India’s dependence on oil and gas imports, NITI Aayog is considering incentives for global oil majors to set up manufacturing, and research and development facilities in the country. The think […]
The government is planning to formulate a new policy to facilitate private capital flow and the use of technology to substantially increase crude oil production in major oilfields such as Bombay High (that were given […]
An MoU has been signed for capacity expansion of the Numaligarh refinery in Assam. Under the expansion project, a 28 inch diameter and 1,400 km long crude oil pipeline of 1 mtpa capacity will be […]
The Chatterjee Group (TCG) is likely to set up a refinery worth Rs 260 billion at Haldia, West Bengal. The company has acquired around 800 acres of land for the project and has another 1,700 […]
Reliance Industries Limited (RIL) will sell the natural gas it produces from coal seams in Madhya Pradesh to its own units located in Gujarat and Maharashtra, at a price of $4.23 per million metric British […]
Bharat Petroleum Corporation Limited (BPCL) has commissioned five out of nine units under the Kochi Integrated Refinery Expansion Project (IREP), Phase III. The project includes the development of a new crude distillation unit with a […]
The government is looking to invest about Rs 300 billion for the expansion of the country’s liquefied petroleum gas (LPG) production and distribution network, in the next three years. A record 34.5 million LPG connections […]
According to the Petroleum Planning and Analysis Cell, India’s crude oil production fell for the fifth consecutive year in 2016-17 as output continued to dip from the country’s ageing oilfields. Output fell 2.5 per cent […]
Reliance Industries Limited (RIL) has completed the sale of its Mauritius-incorporated arm, Gulf Africa Petroleum Corporation (GAPCO) (which trades and markets fuel in African markets), to French energy major Total Marketing & Services, marking its […]
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