Oil and Gas

Petronet LNG Limited (PLL) has dropped its plans to buy a 25 per cent stake in the Gujarat State Petroleum Corporation’s (GSPC) Mundra liquefied natural gas (LNG) import terminal in Gujarat in order to allow […]

On account of serious pollution levels in Delhi and adjoining areas, the Ministry of Petroleum and Natural Gas (MoPNG) in consultation with oil marketing companies (OMCs) has decided to advance the introduction of BS-VI cleaner […]

The government intends to launch the second round of auctions for discovered small fields (DSFs) by January 2018. Drawing lessons from the first round, the fields offered in the second round will be grouped into […]

The Oil and Natural Gas Corporation (ONGC) and Vedanta Limited on November 15, 2017 emerged as the biggest bidders for oil and gas blocks, submitting 41 of the 56 bids received in India’s maiden auction […]

The Directorate General of Hydrocarbons (DGH) has stated that as of now 51 expressions of interest (EoIs) covering an area of about 60,000 square km for the exploration of oil and gas have been bid […]

India is likely to save about Rs 40 billion from the recent LNG contract renegotiation with Exxon Mobil Corporation. The new rates will kick in from January 2018. Petronet LNG Limited (PLL) had in August […]

A consortium of Indian companies led by ONGC Videsh Limited (OVL) is likely to acquire a 49 per cent stake in Russia’s Vankor cluster oilfields owned by Rosneft by February 2018. OVL is expected to […]

Philippines-based Atlantic Gulf & Pacific Company has signed a pact with Karaikal Port Private Limited to develop a liquefied natural gas (LNG) import terminal at the port in Puducherry. The terminal is expected to have […]

Hindustan Petroleum Corporation Limited (HPCL) is likely to acquire Mangalore Refinery and Petrochemicals Limited (MRPL) in a share-swap deal to become India’s second largest oil refiner. The merger is likely to take place after the […]

Indian Oil Corporation Limited (IOCL) has received its first shipment of 1.6 million barrels of US crude at Paradip port, Odisha. IOCL had placed a cumulative order to source 3.9 million barrels from the US. […]

Indraprastha Gas Limited has launched prepaid smart cards on October 11, 2017, to provide consumers a digital option for making payments. The smart card is a prepaid near-field-communication-enabled card for fleet and retail compressed natural […]

The Union cabinet has given clearance to the signing of a memorandum of cooperation (MoC) with the Japanese government for setting up a flexible global liquefied natural gas (LNG) market. The MoC will provide a […]

To accelerate policy reforms in the sector, the MoPNG has formed an international oil and gas think tank which will advise the government on issues related to pricing, gas infrastructure, financial models for exploration and […]

The Ministry of Petroleum and Natural Gas (MoPNG) has stated that India will build a natural gas trading platform, which will lead to transparent pricing and encourage investment in the sector. The proposal for setting […]

The MoPNG intends to put all petroleum products on its e-commerce platform for sale in order to leverage the benefits of information technology (IT). According to the ministry, there are 0.04 billion consumers as against […]

The MoPNG plans to offer stakes of up to 60 per cent in oil and gas fields owned by state energy companies that are already under production to private firms. The plan will boost the […]

The Ministry of Petroleum and Natural Gas (MoPNG) plans to introduce Bharat Stage-VI (BS-VI) fuel by April 2020 and make it as clean as compressed natural gas. The ministry has also stated that refineries are being upgraded for […]

Indian Oil Corporation Limited (IOCL) is planning to commence work on the Paradip-Hyderabad product pipeline project by December 2017. The project is expected to be completed in 36 months. Currently, IOCL is in the process of tendering for […]

GAIL India has signed three time-swap deals to sell some of its US liquefied natural gas (LNG) as it reorganises its supply portfolio in line with domestic demand. As per the deal, the company will buy LNG from […]

IOCL has purchased the country’s first shale oil from the US and is aiming to step up its imports from America as a part of its crude oil diversification strategy. The company bought 1.9 million barrels of US […]