IOCL has recently commissioned the Paradip-Sambalpur-Raipur-Ranchi product pipeline. The company commenced the use of the pipeline to evacuate products from the Paradip refinery in January 2017. The project entailed the construction of a 1,150 km […]
India and Abu Dhabi have entered into an agreement for meeting the former’s requirement of strategic oil reserves. The agreement was entered into between two state-run companies, the Indian Strategic Petroleum Reserves Limited and the […]
Essar Oil plans to double its petrol pumps in the country to 5,600 in the next one and a half years. The company currently has 2,823 operational petrol pumps and will add another 2,800 pumps. […]
ONGC Videsh Limited, the overseas arm of state-owned ONGC, has won rights to bid for oil and gas development projects in Iran. OVL is among the 29 international oil companies that Iran has prequalified to […]
HPCL-Mittal Energy Limited (HMEL) will invest about Rs 50 billion to increase the capacity of the Guru Gobind Singh Refinery located in Punjab to 18 mtpa and set up a petrochemical complex. HMEL is a […]
The Cabinet Committee on Economic Affairs (CCEA) is likely to award around 31 oil and gas blocks out of 46 contract areas put on offer, to the selected bidders in the discovered small and marginal […]
Reliance Industries Limited (RIL) commissioned the first phase of the paraxylene (PX) plant under the Jamnagar Petrochemical Refinery Expansion Project in Gujarat. The plant, with a capacity of 2.2 million tonnes per annum (mtpa), is […]
Indraprastha Gas Limited (IGL) plans to start the supply of compressed natural gas (CNG) and piped natural gas (PNG) in Rewari district of Haryana by the end of 2016. IGL received the letter of intent […]
Mangalore Refinery and Petrochemicals Limited (MRPL) received the first parcel of Iranian crude oil on October 12, 2016 for the Mangalore Special Economic Zone crude oil storage developed by Indian Strategic Petroleum Reserves Limited (ISPRL). […]
The government will levy a service tax on energy companies, including ONGC and Cairn India, from the current fiscal year (2016-17). The tax will generate about Rs 19.22 billion and will be levied on royalties […]
British energy firm BP Plc has received a licence from the government to set up 3,500 petrol pumps in India. It is the second foreign player after Shell to enter the country’s transportation fuel retailing […]
The government has pushed out the last date for the auction of 67 small oil and gas fields by three weeks. These fields were given up by state-owned Oil and Natural Gas Corporation (ONGC) and […]
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, […]
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