Oil and Gas

The ministers of the Organization of the Petroleum Exporting Countries (OPEC) reached a preliminary decision to cut production for the first time since the global financial crisis eight years ago. The cut will be 32.5-33 […]

Cairn India Limited (CIL) has received the coastal regulatory zone clearance to drill 10 wells in the PR-OSN-2004/1 block in Nellore district of Andhra Pradesh at an investment outlay of $150 million. The block had […]

Chennai Petroleum Corporation Limited (CPCL), a subsidiary of IOCL, is planning to set up a refinery at Narimanam in Nagapattinam district of Tamil Nadu to meet the higher demand for petroleum products in the state. […]

Indian Oil Corporation Limited (IOCL) plans to almost double its refining capacity, from the current 80.7 million tonnes (mt) to 150 mt by 2030, to meet the fast expanding energy needs of the country. As […]

The central government is likely to auction its major oil and gas blocks under the new Hydrocarbon Exploration Licensing Policy (HELP) by early 2017. In March 2016, the government notified the new policy, replacing the […]

Essar Oil Limited is planning to invest Rs 16 billion for doubling the capacity of its Vadinar refinery. The investment is aimed at earning an additional $1.50 per barrel on it gross refining margin. Most […]

ONGC and IOCL have approved an investment of Rs 8.23 billion for the production of coal bed methane (CBM) of the BK-CBM-2001/1 block in Jharkhand. ONGC’s share in this investment will be Rs 6.58 billion. […]

Petronet LNG Limited (PLL) has commissioned regasification facilities at the Dahej LNG Terminal Expansion Project. The facility is under stabilisation. PLL, a joint venture (JV) company promoted by Bharat Petroleum Corporation Limited, GAIL (India) Limited, […]

ONGC Videsh Limited (OVL), the overseas arm of the Oil and Natural Gas Corporation (ONGC), has received a one-year extension to explore a Vietnamese oil block in the contested waters of the South China Sea. […]

The New Mangalore Port Trust  invited global expression of interest bids for setting up the Mangalore liquefied natural gas (LNG) terminal on August 25, 2016. The last date for submission of bids is September 22, […]

Indian Oil Corporation Limited (IOCL) will invest around Rs 13.3 billion in the Koyali refinery in two phases to complete the conversion from BS-III grade fuel to BS-IV by January 2017. The first phase will […]

Kamarajar Port Limited (KPL) has signed a concession agreement with Sical Iron Ore Terminals Limited (SIOTL), a subsidiary of Sical Logistics Limited, for the conversion of an iron ore terminal at the port to a […]

Indraprastha Gas Limited (IGL) received a letter of intent (LoI) from the Petroleum and Natural Gas Regulatory Board (PNGRB) on August 9, 2016, for the grant of authorisation to develop a city gas distribution (CGD) […]

GAIL (India) Limited has placed an order worth Rs 3.05 billion with Jindal Saw Limited and Essar Steel for the purchase of 315 km of line pipes for its Auraiya-Phulpur pipeline. This pipeline section is […]

Reliance Industries Limited (RIL) will commence commercial production of CBM gas from its blocks in Madhya Pradesh (MP) soon. RIL has stated that test gas production from the Phase 1 facilities of the Sohagpur West […]

Essar Oil Limited (EOL) is likely to commence production of shale gas at its Raniganj coal bed methane (CBM) block soon. Meanwhile, EOL is planning to invest an additional Rs 10 billion in the Raniganj […]

Indian Oil Corporation Limited’s (IOCL) Ennore LNG Terminal Project is likely to be completed by March 2018. The project is being developed by IOCL through Indian Oil LNG Private Limited, a special purpose vehicle (SPV) […]