Petronet LNG, India’s top gas importer, will seek up to 1 million tonnes per annum (mtpa) in additional liquefied natural gas (LNG) supplies when it renews its long-term deal with Qatar, the company’s chief executive said on Tuesday. “We are seeking an additional 0.75 to 1 mtpa on top of existing 8.5 mtpa contact,” Chief […]
Category: Oil & Gas
Essar on a new path of growth, to invest in energy, steel, mining sectors
Armed with substantially lighter balance sheet after repaying Rs 2 lakh crore debt, Essar is embarking on the next phase of growth by investing in hydrogen projects, building LNG import facility and retail chain, and setting up steel plants. Prashant Ruia, director, Essar Capital Ltd, said Essar currently owns businesses in the core sectors of […]
Adani Total expects to receive 2.2 MT of LNG in FY24 at Dhamra terminal
BENGALURU (Reuters) -Adani Total Private Ltd expects to receive 2.2 million tonnes of liquefied natural gas (LNG) at its terminal at Dhamra on India’s eastern coast during the year ending March 2024, the company’s chief executive told Reuters on Tuesday. Adani Total has a 20-year take-or-pay contract to provide regasification services to state-run Indian Oil […]
Adani Total expects to get 2.2 mn tonnes at Dhamra LNG terminal in FY24
BENGALURU (Reuters) – Adani Total Private Ltd expects to receive 2.2 million tonnes of liquefied natural gas (LNG) at its terminal at Dhamra on India’s eastern coast during the year ending March 2024, the company’s chief executive told Reuters on Tuesday. Adani Total has a 20-year take-or-pay contract to provide regasification services to state-run Indian […]
ONGC in talks with energy giants for deepwater exploration technologies
Oil and Natural Gas Corporation Limited (ONGC) is in talks with global oil majors to infuse state-of-the-art technologies in its aggressive exploration push in deepwaters of India. The ‘Maharatna’ held a parley of discussions with major operators in the India Energy Week in Bengaluru during 6-8 February 2023. ONGC held discussions with the American oil […]
ONGC to invest $3.5 billion to boost output from western offshore assets
BENGALURU (Reuters) – India’s top exploration company, Oil and Natural Gas Corp, will invest $3.5 billion over the next three-four years to boost output from its western offshore assets, Pankaj Kumar, head of offshore assets, said on Tuesday. These assets are currently producing 41.5 million cubic meters a day (mmscmd) of gas and about 260,000 […]
ONGC aims to raise output over next two fiscals, says exploration director
In what may come as relief amid growing uncertainty over availability of petroleum products across the world in the aftermath of Russia-Ukraine war, India’s largest explorer ONGC plans to raise its output over the next two fiscals from 2023-24 onwards. According to ONGC’s Director, Exploration, Sushma Rawat, the company’s long standing efforts of raising output […]
ONGC to start oil production from Krishna Godavari D5 block in May
Oil and Natural Gas Corporation’s (ONGC’s) delayed Krishna Godavari basin KG-D5 project is likely to start crude oil production in May this year and gas output a year later, a senior company official said. ONGC was originally to start gas production from the Cluster-II fields in block KG-DWN-98/2 (KG-D5) in June 2019 and the first […]
ONGC to explore investing in Argentina gas assets: Chairman Arun Kumar
India’s state-run Oil and Natural Gas Corp Ltd will explore investing in gas assets in Argentina, its chairman said on Tuesday. The company also signed a memorandum of understanding with Argentina’s state oil company YPF for hydrocarbon cooperation. “This is an enabling MoU. They have gas (assets)… so we will explore investing there,” the ONGC […]
ONGC decides to open up the Bengal Basin for targeted exploration
India’s largest energy producer ONGC has decided to open up the Bengal Basin for targeted exploration, spurred by the discovery of a gas well two months back. Speaking on the sidelines of the India Energy Week, ONGC Director (exploration) Sushma Rawat said the well was now classified as Kankpur 1, and the reserves had initially […]
India will take leading role in oil requirement till 2045: OPEC report
After China driving the initial demand growth, it is going to be India which will take the leading role in crude requirement, along with other Asian and African countries, as per an OPEC report. According to the OPEC’s “World Oil Outlook 2045” report, released during the ongoing India Energy Week here on Tuesday, besides India, […]
Big Russia presence in India Energy Summit indicates stronger ties
Just a day after western powers slapped new sanctions on Russia, top executives from the OPEC+ producers’ oil and gas industry rushed to its biggest potential customer – India. From the head of Rosneft PJSC Igor Sechin to the chairman of Novatek PJSC Leonid Mikhelson, the Russian delegation was out in force in Bengaluru for […]