Category: Oil & Gas

MUMBAI: A set of marquee asset management companies, family offices, banks and insurers are said to be interested in participating in the Brookfield-led infrastructure investment trust (InvIT) that is buying the lossmaking East West Pipeline Ltd (EWPL), earlier known as Reliance Gas Transportation Infrastructure Ltd, for an enterprise valuation of Rs 13,000 crore ($2 billion).

Engineers India LtdNSE -3.48 % has won a project management consultancy contract from Mangolia for a new 1.5 million tonnes refinery that the country is setting up.

The government plan to offer PSUs special incentives for natural gas discoveries in difficult and unviable areas will help raise India’s natural gas production as it will unlock output in a dozen fields of state-owned ONGC and OIL, officials said Sunday.

India on Sunday offered 23 oil and gas and CBM blocks for bidding in the third round of Open Acreage Licensing Policy, expecting up to to USD 700 million of investment that it hoped will help raise domestic output and cut imports.

After catapulting LPG coverage by about 40 per cent in just 55 months, the government will soon make available clean cooking fuel to all households, Oil Minister Dharmendra Pradhan said Sunday.

State-owned Indian Oil Corp (IOCNSE -0.82 %) has emerged as the biggest bidder for city gas licences in the 10th bid round that also saw AdaniNSE -4.63 % Group, Hindustan Petroleum Corp Ltd (HPCLNSE -1.69 %) and Indraprastha Gas LtdNSE -2.78 % as the other prominent bidders, according to oil regulator PNGRB.

SINGAPORE: OilNSE 1.29 % markets fell on Friday, pulled down by an economic slowdown, although supply cuts led by producer club OPEC and US sanctions against Venezuela provided

SRINAGAR: Kashmir remained cut off from the rest of the country for the second day on Thursday as the Srinagar-Jammu National Highway remaind closed and flight services were disrupted at the airport here due to heavy snowfall in

NEW DELHI: GailNSE -0.82 % has set up a satellite liquefied natural gas (LNG) terminal in Bhubaneswar to supply local customers in the absence of a gas pipeline — an innovative model that may get replicated by other city gas distributors eager to quickly start supply in new licence areas where gas pipelines are yet […]

NEW DELHI: Most OMCs were trading in the green in Wednesday’s afternoon session.

More than four lakh applications have come in for 78,500 dealerships that staterun oil companies are seeking to appoint across the country, a sign that Indian entrepreneurs still love the the idea of running filling stations, a business that offers sustained cash flow at little risk.

The government, he said, has taken a number of initiatives to promote usage of LPG across the country especially in rural households which otherwise depend on traditional fuels that are hazardous to health and polluting in nature.