The Egyptian Natural Gas Holding Co. (EGAS) has established a subsidiary in Saudi Arabia with initial capital of SAR 2 million ($530,000), Egypt’s Ministry of Petroleum said on Sunday. Owned 80 per cent by EGAS, the newly established natural gas company “Modern Gas” Saudi Arabia is part of the Egyptian firm’s strategy for offshore expansion, […]
Category: Oil & Gas
Oil & Gas
MSRTC launches India’s first LNG-powered bus
Chief Minister Eknath Shinde inaugurated India’s first Liquefied Natural Gas (LNG) powered bus, which will be operated by Maharashtra State Road Transport Corporation, an official said. A release from the state-run transport corporation said 5000 of its diesel vehicles will be converted to LNG alternative fuel vehicles in phases, adding that 34 per cent of […]
Larsen & Toubro bags major gas pipeline project in Middle East
Homegrown Larsen and Toubro (L&T) on Thursday announced bagging a major order gas pipeline project in the Middle East region. The scope of work comprises Engineering, Procurement, and Construction (EPC) of two new pipelines along with associated work parallel to the existing pipeline corridor, the infrastructure major said in a statement. The major onshore gas […]
Vedanta gets Sebi warning for publishing info related to ‘unlisted ultimate holding’ company
Mining major Vedanta on Thursday said it has received an administrative warning from markets regulator Sebi for “publishing information related to its unlisted ultimate holding company”. In an exchange filing, Vedanta said it received a letter from NSE on March 6, 2024, issued by Securities and Exchange Board of India (SEBI) vide which an administrative […]
L&T bags offshore order from ONGC for its Hydrocarbon business
Larsen & Toubro (L&T) on Thursday announced that its Hydrocarbon vertical (L&T Energy Hydrocarbon – LTEH) has secured significant order from the Oil & Natural Gas Corporation (ONGC) for the MHN TCPP PGC BGC Project (MTPBP), off India’s West Coast. The scope of work includes engineering, procurement, construction, installation, and commissioning of new Process Gas […]
RBI urges state refiners to make payments for some oil imports in Rupees
The Reserve Bank of India has asked the country’s major state-owned refiners to press Persian Gulf suppliers to accept at least 10 per cent of oil payments in rupees in the next financial year, three executives at the processors said. The move is aimed at promoting the Indian currency in international trade and cutting dependence […]
Kalpataru Projects International to lay 800 kms gas pipeline for Aramco
Kalpataru Projects International on Tuesday said it has secured an order from Saudi Arabia’s energy major Aramco for laying 800 kilometres of gas pipeline. Kalpataru Projects International Ltd (KPIL) has received the letter of intent (LoI) from Aramco for carrying out engineering, procurement and construction works for three packages of the third expansion phase of […]
Union Minister Jyotiraditya Scindia inaugurates India’s first green hydrogen plant in stainless steel sector
Union Minister of Civil Aviation & Steel, Jyotiraditya M. Scindia, addressed a gathering at the inauguration of India’s first green hydrogen plant within the stainless steel sector in a landmark moment for India’s industrial landscape. The inauguration ceremony marked a milestone in India’s journey towards sustainable industrial practices, with the Jindal Stainless’ Green Hydrogen project […]
ONGC board approves JV with EverEnviro to set up CBG plants pan India
In a significant move towards bolstering India’s renewable energy capabilities, the state-run Oil and Natural Gas Corporation (ONGC) has announced its partnership with EverEnviro Resource Management Pvt. Ltd, a leader in the compressed biogas (CBG) sector, to establish CBG plants across the nation. The ONGC board, in a recent meeting, has given in-principle approval for […]
Mahanagar Gas to acquire 30.97% stake in 3EV for Rs 96 crore
Mahanagar Gas Limited (MGL) on Tuesday announced that it has entered into Shareholders’ Agreement (SHA) with 3EV Industries Private Limited to acquire 30.97 per cent shareholding in the company. “We wish to inform that subsequent to execution of Share Subscription Agreement (SSA), Mahanagar Gas Limited has entered into Shareholders’ Agreement (SHA) with 3EV Industries Private […]
India closes in on Oman trade deal as Mideast ties strengthen
India and Oman are close to concluding talks on a trade deal that will allow easier access of goods and services into each other’s markets, officials familiar with the matter said, further cementing the South Asian nation’s presence in the Gulf region. The two sides have reached consensus on a majority of the issues in […]
Qatar to boost gas output with new mega field expansion: minister
Qatar on Sunday announced new plans to expand output from the world’s biggest natural gas field, saying it will boost capacity to 142 million tonnes per year before 2030. The new North Field expansion, named “North Field West”, will add a further 16 million tonnes of liquefied natural gas (LNG) per year to existing expansion […]