Oil and Gas

The Ministry of Petroleum and Natural Gas (MoPNG) launched the Chennai Petroleum Corporation’s (CPC) Rs 31.1 billion residue upgradation project at the latter’s Manali refinery on February 26, 2018. Residue upgradation is a process which […]

The MoPNG has recently announced that it is working on a new National Biofuels Policy. The policy will provide a roadmap for India to move towards adopting second-generation advanced biofuels from the first-generation sugar-based biofuels […]

The government has announced that it will consult ONGC and Oil India Limited before offering their discovered small fields (DSFs) to private players under the next round of the DSF auction.

GAIL (India) Limited has entered into a 20-year contract for importing 3.5 mtpa of liquefied natural gas (LNG) from US-based Cheniere Energy’s Sabine Pass liquefaction facility in Louisiana. The first shipment was flagged off on […]

The government put 55 exploration blocks up for auction on January 18, 2018, in the first bid round under the new Hydrocarbon Exploration and Licensing Policy (HELP). HELP allows companies to carve out blocks of […]

According to the Ministry of Petroleum and Natural Gas (MoPNG), the country will have to add about 20 million tonnes (mt) of refining capacity every two-three years to achieve the target of 600 mt capacity […]

The centre has agreed in principle to set up a gas pipeline from Barauni in Bihar to Guwahati in Assam at an estimated cost of Rs 40 billion. The pipeline will be connected with the […]

Under the Union Budget 2018-19, the government has proposed an expenditure of Rs 311.01 billion (budget estimate) for the MoPNG during 2018-19. This is an increase of Rs 19.44 billion from the Rs 291.57 billion […]

The Oil and Natural Gas Corporation (ONGC) bought the government’s entire 51.11 per cent stake in oil refiner Hindustan Petroleum Corporation Limited (HPCL) for Rs 369.15 billion on January 31, 2018. ONGC bought 778.8 million […]

India will put 60 discovered small oil and gas fields on auction. The fields have the potential to produce 194.65 mt of oil and oil equivalent gas. The blocks that will be auctioned were originally […]

The Petroleum and Natural Gas Regulatory Board (PNGRB) will offer 100 cities for compressed natural gas (CNG) retail licence bidding in January 2018 on revised terms. The earlier bidding criteria did not include the rate […]

The government is planning to allow private companies to exploit shale reserves in their oil and gas blocks by changing the definition of petroleum in the rules in order to include this resource. The proposed […]

The government has withdrawn its decision to raise liquefied petroleum gas (LPG) prices by Rs 4 per cylinder per month as the move is contrary to its Ujjwala scheme for providing free cooking gas connections […]

ONGC has made a significant oil and gas discovery west of its prime Mumbai High fields in the Arabian Sea. According to the Ministry of Petroleum and Natural Gas (MoPNG), the discovery was made in […]

The Oil and Natural Gas Corporation (ONGC) plans to open a new sedimentary basin in the Gulf of Kutch off the west coast. ONGC has made a significant natural gas discovery in the Gulf of […]

The government has floated a draft policy for boosting oil and gas output through projects using enhanced oil recovery techniques. It has proposed major fiscal incentives including a 50 per cent waiver of the oil […]

The government plans to complete the first round of auction of oilfields under the Open Acreage Licensing Policy (OALP) by March 2018 and award the blocks by June 2018. The auction, which is under the […]

GAIL (India) Limited has stated that it has awarded the contract for laying 520 km of pipelines from Dobhi (Bihar) to Durgapur (West Bengal) including a 120 km line to Jamshedpur (Jharkhand). With these awards, […]

India has recorded a 45 per cent increase in the number of petrol pump outlets during the period 2011 to 2017, possibly the highest growth rate in the world. As per data available from the […]

GAIL (India) Limited will be skipping medium-term LNG deals in 2018 as it will start getting LNG from its US portfolio from February 2018. GAIL used to buy one medium-term contract every year to cater […]