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 […]
H-Energy Private Limited (HEPL) has submitted a proposal to the PNGRB to extend the proposed Jagdishpur-Haldia-Bokaro-Dhamra gas pipeline by 80 km to Contai in West Bengal, in order to evacuate gas from its proposed Digha […]
The Petroleum and Natural Gas Regulatory Board (PNGRB) has granted authorisation to IMC Limited to develop a city gas distribution (CGD) network in Solapur district of Maharashtra. IMC Limited will develop a CGD network in […]
The launch of the second round of auctions for discovered oil and gas fields of state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Limited is expected to be introduced soon. The government is […]
The winners of the discovered small field (DSF) auction have signed contracts with the government, which will help them take possession of these oilfields and start developing them. In March, the government announced the winners […]
ONGC has revealed plans to invest Rs 73 billion for developing five projects, including Rs 41 billion for the Ratna and R Series oilfields that were restored to the state firm last year after a […]
The Ratnagiri mega refinery and petrochemical complex project is likely to be set up in Babulwadi, a small village located in Rajapur taluk, Ratnagiri district, Maharashtra. The refinery will be set up at two locations […]
The central government is reportedly planning to auction some oil blocks by June 2017 and will allow bidders to identify the areas where they intend to carry out drilling operations in order to attract greater […]
The Cabinet Committee on Economic Affairs (CCEA) has approved the award of contracts in 31 contract areas of discovered small oil and gas fields. These contract areas comprise 44 fields – 28 inland and 16 […]
Ratnagiri Gas and Power Private Limited (RGPPL) is working on a new business plan for its Dabhol LNG terminal to make it an all-weather port that will bring in more LNG cargo. RGPPL is owned […]
The Atlantic, Gulf and Pacific Company (AG&P) and Hyderabad-based Hindustan LNG have signed an MoU for the development of a liquefied natural gas (LNG) terminal and the supply of tolled gas to power stations in […]
An MoU has been signed between GAIL (India) Limited, Hindustan Petroleum Corporation Limited (HPCL) and the Andhra Pradesh government for setting up the Kakinada Petrochemical Complex Project. The 50:50 joint venture (JV) between GAIL and […]
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