Oil and Gas

The foundation stone for the development of the Paradip-Hyderabad product pipeline (PHPL) and the Bokaro-Angul section of the Jagdishpur-Haldia and Bokaro-Dhamra Gas Pipeline (JHBDPL) project was laid on December 24, 2018. The 1,212 km long […]

Petronet LNG Limited has planned the capacity expansion of its Dahej liquefied natural gas (LNG) terminal in Gujarat from 15 million tonnes per annum (mtpa) to 20 mtpa. The project is expected to entail an […]

IOCL is planning to invest Rs 6 billion-Rs 7 billion for augmenting its liquefied petroleum gas (LPG) production facility and LPG storage facility across northeast India. This is in response to an increase in LPG […]

The Ministry of Petroleum and Natural Gas (MoPNG) has released the notice inviting offer and the model revenue sharing contract for Open Acreage Licensing Policy (OALP), Bid Round II. Under this round, 14 exploration and […]

The government has formed a six-member committee to look into selling up to 149 small and marginal oil and gas fields owned by ONGC and Oil India Limited to private and foreign companies. The panel […]

Great Eastern Energy Corporation Limited (GEECL) is planning to invest $2 billion in its Raniganj (South) block to explore shale reserves in the block. The first half of 2019 will be used for drilling core […]

The government plans to increase the target for the ethanol-blended petrol (EBP) programme further to 20 per cent by 2030. This will be done to bring down the imports of petroleum products as well as […]

Public oil marketing companies (OMCs) are planning to allot about 65,000 petrol pumps across the country soon. This will nearly double the existing retail network. Three oil public sector undertakings, namely, Indian Oil Corporation Limited […]

The Petroleum and Natural Gas Regulatory Board (PNGRB) has invited bids for setting up city gas distribution (CGD) networks in 50 geographical areas (GAs) in the country under the tenth CGD bidding round. The PNGRB […]

Indian Strategic Petroleum Reserves Limited (ISPRL) has signed an MoU with the Abu Dhabi National Oil Company (ADNOC). The MoU explores the possibility of storing crude oil supplied by ADNOC at ISPRL’s underground oil storage […]

The Oil and Natural Gas Corporation (ONGC) is considering production enhancement contracts (PECs) and enhanced oil recovery (EOR) techniques to boost production from its matured oil and gas fields which are currently facing a natural […]

The government is considering a gas allocation mechanism for electricity generating units by pooling deep sea gas sourced by the Oil and Natural Gas Corporation (ONGC) with imported liquefied natural gas (LNG). It is also […]

The Directorate General of Hydrocarbons (DGH) has begun ranking India’s oil and gas fields. This is being done to bring in competition in the domestic market and help boost domestic output which has been stagnant […]

Bharat Petroleum Corporation Limited (BPCL) plans to shut its 120,000 barrels per day (bpd) crude unit and some secondary units at its Kochi refinery for three weeks starting December 1, 2018. This shutdown is for […]

The Petroleum and Natural Gas Regulatory Board (PNGRB) has invited electronic bids from interested parties for the development of city gas distribution (CGD) networks in the 50 geographical areas (GAs) it is offering under the […]

The US has agreed to grant India a waiver from Iran sanctions. This will allow Indian oil companies to continue to import about 1.25 million tonnes (mt) of oil per month from Iran till March […]

The Supreme Court has ruled that no Bharat Stage-IV (BS-IV) vehicle will be sold across the country with effect from April 1, 2020. In 2016, the centre had announced that India would skip BS-V norms […]

ONGC is in the process of drawing up a perspective plan to integrate the recently acquired Hindustan Petroleum Corporation Limited (HPCL) and the OPaL petrochemical plant at Dahej, with its main oil and gas exploration […]

The central government signed contracts for the blocks awarded under the Open Acreage Licensing Policy, Bid Round I with the awardees on October 1, 2018 at New Delhi. Contracts were signed for all 55 blocks […]

The government has raised the domestic price of natural gas by 10 per cent to $3.36 per unit for the six-month period October 2018-March 2019. Natural gas prices in the country are revised every six […]