Category: Oil & Gas

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 […]

In a significant move towards enhancing operational efficiency and reducing environmental impact, Noida International Airport (NIA) has teamed up with Bharat Petroleum Corporation Limited (BPCL) to establish a dedicated aviation turbine fuel (ATF) pipeline. The pipeline, stretching 34 kilometers from BPCL’s Piyala Terminal to NIA’s tank farm, was formalized through an agreement signed on Monday. […]

The Indian government has raised its windfall tax on petroleum crude to 9,600 rupees ($114.99) a metric ton from 6,800 rupees with effect from April 16, the government said on Monday. The tax, which is revised every fortnight, will remain unchanged at zero for diesel and aviation turbine fuel. The government had on April 4 […]

Global oil demand growth is losing momentum, increasing by only 1.6 million barrels per day (mb/d) in the first quarter of 2024, down 120,000 barrels per day (kb/d) from previous forecasts, due to weak deliveries in OECD countries, the International Energy Agency (IEA) said in its monthly report. The IEA projects further deceleration in demand […]

In a move to address the anticipated surge in electricity demand during the 2024 summer season, the central government has mandated the activation of gas-based power plants across the country. Under Section 11 of the Electricity Act, 2003, which allows the government to direct power stations to operate under extraordinary circumstances, these plants are to […]

Shell said on Friday it expects significantly lower results from its liquefied natural gas trading business in the first quarter of 2024 compared with the previous three months. In an update ahead of quarterly results on May 2, Shell also said its oil trading results are expected to be significantly higher than the last quarter […]

India offers a $125-billion investment opportunity across the green hydrogen value chain by 2030, according to a recent report by Avendus Capital, a Mumbai-based investment bank. The report said that the growth will be driven by rising sustainability focus, demonstrated commercial viability, ever-expanding use cases and a strong regulatory push. “We see an emergence of […]

SAMSUNG E&A, an engineering solutions and project management company, announced it had a contracts signing ceremony for the $6 billion contracts for Fadhili Gas Increment Program from Aramco. The contracts signing ceremony in Dhahran, Saudi Arabia was attended by Wail Al Jaafari, Aramco EVP of Technical Services, Yahya A. Abushal, Aramco SVP of Upstream and […]

Oil India plans to start its 180,000 barrels per day (bpd) Numaligarh refinery in the northeastern state of Assam by December 2025, its chairman Ranjit Rath said on Wednesday. The company will set up a trading desk as the refinery would process 110,000 bpd of imported crude, Rath said, adding that the remaining crude requirement […]

Rising crude oil prices are a cause for concern for the world’s third-largest importer of the commodity, India’s oil secretary Pankaj Jain said on Wednesday. As a consuming nation any increase in prices will cause concern and anxiety, Jain said at an industry event, referring to the “geopolitical premium” in crude prices. If oil prices […]

Oil prices rose on Tuesday, underpinned by signs that demand may improve China and the U.S., the world’s biggest oil consuming nations, and growing concerns of a widening conflict in the Middle East that could affect supply from region. Brent futures for June delivery rose 41 cents to $87.83 a barrel by 0440 GMT. U.S. […]

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 […]