Oil and Gas

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 […]

Mozambique LNG, Africa’s largest energy development group, is in talks with Indian companies to supply LNG. Mozambique LNG’s export point is strategically located close to India in terms of gas shipments, with a one-way ship […]

ONGC has found hydrocarbon (gas) deposits in the Meidum area, Kolasib district, on the Mizoram-Assam border. As of now, ONGC has predicted that 552,674 standard cubic feet of gas per day could be available from […]

India has become the first country in Asia to buy US shale gas after state-owned GAIL (India) Limited booked a ship of liquefied natural gas (LNG) from Cheniere Energy, Inc.’s Sabine Pass plant in Louisiana. […]

State-owned Oil and Natural Gas Corporation (ONGC) has received environmental clearance for its Rs 3.5 billion project for drilling 22 exploratory wells in blocks located in the Banaskantha, Gandhinagar and Ahmedabad districts of Gujarat. The […]

The government has accorded freedom to Indian oil companies to draw up their own independent crude import policy based on their commercial requirements. State-owned firms such as the Indian Oil Corporation have traditionally been allowed […]

A number of state-run gas distribution companies have objected strongly to the Petroleum and Natural Gas Regulatory Board’s (PNGRB) proposal to end their exclusive rights to distribute gas in their respective cities and declare the […]

Meanwhile, Reliance Gas Pipeline Limited (RGPL) has also secured environment clearance for its Rs 14.28 billion project to build a 486 km long pipeline through Gujarat and Maharashtra, for the transportation of liquid ethane. Among […]

BPCL has received environmental clearance for a Rs 3.37 billion pipeline project for its refinery at Kochi, Kerala. The pipeline will connect the refinery to the state’s existing pipeline network. The coastal regulation zone clearance […]

The government has introduced the Hydrocarbon Exploration and Licensing Policy (HELP), which will require companies to acquire a unified licence to manage all hydrocarbon reserves such as oil, gas, shale and coal bed methane. According […]

The Ministry of Petroleum and Natural Gas (MoPNG) is working on a policy for setting up a trading desk for oil marketing companies (OMCs) to allow them to buy crude from the spot market. This […]

The Centre’s green panel has given clearance to the Oil and Natural Gas Corporation (ONGC) for its Rs 17.52 billion project involving the drilling of 406 development wells in oilfields in Gujarat’s Cambay basin. The […]

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 […]