Category: Oil & Gas

Tokyo Gas and Centrica LNG Company will be co-purchasing 2.6 million tonnes per annum (mtpa) of natural gas from ONGC Videsh-partnered Rovuma Offshore Area 1 project in Mozambique. The agreement with the Tokyo Gas and Centrica LNG Company will be effective from the date production begins to the early 2040s. This takes the long-term sale […]

Tokyo Gas and Centrica LNG Company will be co-purchasing 2.6 million tonnes per annum (mtpa) of natural gas from ONGC Videsh-partnered Rovuma Offshore Area 1 project in Mozambique. The agreement with the Tokyo Gas and Centrica LNG Company will be effective from the date production begins to the early 2040s. This takes the long-term sale […]

The Centre is in talks with the United Nation Environment Fund for availing soft loans to fund compressed biogas projects in India. It is also looking to Japan for support to the investment needs of the gas-based economy in India. Speaking at an event to issue Letter of Intent (LOI) for setting up compressed biogas […]

This is the second auction in a row that IOC has dominated Indian Oil Corp (IOC) has won licences to retail gas in 10 cities while Hindustan Petroleum Corp Ltd (HPCL) won rights for nine towns as the Petroleum and Natural Gas Regulatory Board (PNGRB) announced winners for the 10th city gas bid round. IOC […]

BPCL-Kochi Refinery is going ahead with its second petrochemical project to produce polyols at an investment of Rs. 11,300 crore. An import substitute, polyols are used in the production of polyurethanes used in diverse products such as automotive seats, mattresses and shoe soles. The project is expected to go on stream by 2022, said Prasad […]

TAMP order is a bonanza for cash-strapped Mumbai Port Trust Oil and Natural Gas Corporation Ltd (ONGC), weighed down by the government-directed acquisition of HPCL in 2018, is piling up further agony after the rate regulator for major port trusts approved a proposal brought by the Mumbai Port Trust to levy special way leave fees […]

Oil inched lower on Tuesday to extend losses of more than 3 per cent from the previous session, easing after US President Donald Trump called on OPEC to rein in its efforts to boost prices. International Brent futures were at $64.70 a barrel at 0728 GMT, down 6 cents, or 0.1 per cent, from their […]

As India prepares itself to become a gas-based economy, an issue that it will need to address is development of a skilled workforce, besides capital investment, says David C. Carroll, President and CEO of GTI — a non-profit research, development and training organisation focussed on global energy and environmental challenges. Carroll, who is the former […]

Natural gas prices have reversed higher and have been trending up over the last couple of weeks. The Natural Gas futures contract on the Multi Commodity Exchange of India (MCX) touched a low of Rs. 181.8 per mmBtu on February 15 and has reversed higher from there. It is currently trading at Rs. 202 per […]

Indian Oil Corporation, Hindustan Petroleum Corporation, and a consortium of LNG Marketing Pte. Ltd and Atlantic Gulf & Pacific Company of Manila Inc have bagged nine regions each in the 10th round of bids for developing City Gas Distribution networks in the country. A Petroleum & Natural Gas Regulatory Board (PNGRB) statement said 225 bids […]

Oil prices edged higher on Tuesday, finding steady ground after tumbling more than 3 percent in the previous session when US President Donald Trump called on OPEC to ease its efforts to boost the market. International Brent futures were at $64.95 a barrel at 0108 GMT, up 20 cents, or 0.3 per cent, from their […]

Oil prices dipped on Monday, dragged down by plentiful supply as US exports soar and compete with traditional producers from West Asia in key markets such as Asia. But markets were supported by optimism that Washington and Beijing would soon resolve a series of trade disputes that have dented global economic growth, analysts said. International […]