Category: Oil & Gas

The Chatterjee Group (TCG) is in talks with local and global companies to partner with its majority-owned petrochemical firm Haldia Petrochemicals Ltd (HPL) to build a more than $10 billion project in southern India, HPL’s chief executive said. The private equity firm plans to build the oil-to-chemical project, capable of producing 3.5 million metric tons […]

State-run natural gas company GAIL (India) Ltd plans to commission its first green hydrogen project in central India in April, three company sources said. The 10-megawatt proton exchange membrane electrolyser for the green-hydrogen producing unit at the Vijaipur complex in Madhya Pradesh state has been imported from Canada, they added. “Once the initial hiccups are […]

All major oil and gas companies plan fossil fuel expansion incompatible with limiting warming to 1.5 degrees Celsius, a new report said Wednesday. The assessment of the 25 largest listed fossil fuel firms by the think-tank Carbon Tracker is designed to enable investors to judge whether the firms are in line with internationally agreed climate […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 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 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 […]

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 […]