Oil and Gas

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, […]

The Ministry of Petroleum and Natural Gas (MoPNG) has proposed an investment of Rs 1,300 billion to ramp up hydrocarbon production in the Northeast (NE). Of this, around Rs 800 billion would be for upstream […]

A revision in the liquefied natural gas (LNG) agreement with Qatar has helped bring down the cost of importing natural gas to less than $5 per million British thermal units (mmBtu) from $12 per mmBtu. […]

Adani Gas Limited has submitted an expression of interest to the MoPNG for authorisation to lay the Dhamra-Asansol-Duttapulia liquefied petroleum gas (LPG) pipeline. The project comprises a 650 km pipeline network that will connect the […]

Essar Oil Limited (EOL) is planning to increase coal-bed methane (CBM) production from the RG (East)-CBM-2001/1 project to at least 1.8 million standard cubic metres per day (mscmd) by March 2017 from the existing 0.85 […]

The Oil and Natural Gas Corporation (ONGC) is planning to explore 17 shale gas and oil wells in Gujarat, Tamil Nadu and Andhra Pradesh at an investment of about Rs 7 billion. The exploration comprises […]

In a bid to encourage energy partnerships in the post-sanctions period, India has signed an agreement with Iran for crude oil imports and the development of petrochemical complexes and gas fields. India has stated its […]

The Ministry of Petroleum and Natural Gas (MoPNG) is soon likely to commence the auction of 69 marginal oil and gas fields under the new revenue-sharing model, though the timeline for the auction is yet […]