Oil and Gas

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) […]

Hindustan Petroleum Corporation Limited’s (HPCL) board approved the Visakhapatnam Refinery Modernisation Project at an investment of  Rs 209.28 billion. HPCL is planning to expand the capacity of its Visakhapatnam refinery from 8.33 million tonnes per […]

India has discovered a large accumulation of natural gas hydrate in the Krishna Godavari (KG) basin off the east coast. The US Geological Survey was involved in the research expedition with Indian and Japanese scientists. […]

Products such as kerosene, naphtha and liquefied petroleum gas will come under the ambit of the goods and services tax (GST), while five items in the basket – crude oil, natural gas, aviation fuel, diesel […]

Bhagyanagar Gas Limited (BGL) will give piped natural gas (PNG) connections to 100,000 new households in Hyderabad within the next two years and to over 250,000 households by 2021. Currently, only 1,140 households have been […]

The MoEFCC has granted environmental clearance to the Krishna Godavari LNG Import Floating Terminal Project. The clearance is subject to certain conditions, including obtaining prior permission from the standing committee of the National Board for […]

India has restarted talks on forming a liquefied natural gas (LNG) purchasing alliance with Japan and South Korea (and could also include China) as Asian demand for the fuel grows. Gas is expected to become […]

Essar’s Raniganj (East) block in West Bengal has become India’s first coal bed methane (CBM) asset to cross the 1 million standard cubic metres per day (mscmd) production milestone. The targeted production from the block […]

The Petroleum and Natural Gas Regulatory Board (PNGRB) has dropped seven out of the 11 cities it had identified for the bidding of licences for retailing compressed natural gas (CNG) due to stakeholder feedback. It […]

The Ministry of Environment, Forest and Climate Change (MoEFCC) granted environment clearance for drilling eight additional exploratory wells in the CY-III-D5 block in Tamil Nadu on June 30, 2016. The cost of drilling these eight […]

OVL has entered into an agreement with the Republic of Equatorial Guinea for cooperation in the upstream hydrocarbon sector in Africa. Under the MoU, Equatorial Guinea will cooperate with OVL to explore potential investment opportunities […]

Sudan has offered ONGC Videsh Limited (OVL) three more oil and gas blocks for exploration and production and invited Indian firms to set up a coastal refinery to boost fuel supplies within Africa. The move […]

The Oil and Natural Gas Corporation (ONGC) has secured environmental clearance for drilling 45 development wells and setting up other related infrastructure, entailing a cost of over Rs 530 billion in the Krishna-Godavari (KG) basin […]

The MoPNG has sought Rs 150 billion from the Centre to build the second phase of strategic petroleum reserves in a cost-effective manner, given the declining global crude oil prices. India uses strategic storage reserves, […]