Clean fuel supply in Kolkata is set to receive a significant boost in the coming months with the completion of the main trunk GAIL gas transportation pipeline, according to a senior official. Anupam Mukhopadhyay, CEO of Bengal Gas Company Ltd, stated that the GAIL gas pipeline would be completed within the next three months, with […]
Category: Oil & Gas
Oil & Gas
Shell permanently closes light-duty hydrogen fueling stations in California amidst supply disruptions: S&P GCI
In a development impacting the emerging hydrogen fuel cell electric vehicle (FCEV) market, Shell has announced the permanent closure of its fueling stations catering to light-duty vehicles in California. According to S&P Global Commodity Insights (GCI), the decision comes amidst supply disruptions, escalating pump prices, and a challenging global landscape for FCEV markets. Effective February […]
L&T’s Hydrocarbon business wins significant orders from Middle East
Larsen & Toubro (L&T) on Tuesday announced that its Hydrocarbon vertical (L&T Energy Hydrocarbon – LTEH) has secured an onshore order and an offshore order from a prestigious client in the Middle East. The scope of work for the onshore order comprises engineering, procurement, and construction of an Enclosed Ground-Flare system and demolition of existing […]
GAIL, IGL walk away with Reliance gas; bid at $11 per million BTU
State-owned gas utility GAIL (India) Ltd and the nation’s largest city gas operator Indraprastha Gas Ltd have walked away with most of the coal seam gas that Reliance Industries Ltd auctioned, sources said. Reliance earlier this month conducted an e-auction for sale of 0.90 million standard cubic metres per day of gas it will produce […]
Gensol Engineering, Matrix Gas consortium win PLI bid for Hydrogen Electrolyser Manufacturing
Gensol Engineering Ltd, a sustainable energy solutions company, together with Matrix Gas & Renewables Ltd, a green hydrogen infrastructure developer and natural gas aggregator, announced the grant of manufacturing capacity for an advanced Electrolyser Plant under the auspices of the Sustainable Hydrogen Innovation & Green Hydrogen Technologies (SIGHT) program. The awarded project, with a manufacturing […]
Hydrogen revenue jumps for world’s biggest maker of shipping containers
The world’s biggest manufacturer of shipping containers sees a surge in revenues from its hydrogen business, in a sign the clean fuel is starting to gain commercial traction. China International Marine Containers Group Co. makes electrolysers that can produce hydrogen, as well as storage containers for the gas. It generated about 1 billion yuan ($139 […]
US imposes sanctions for violations of Russia oil price cap
The US Treasury Department said on Thursday it had put sanctions on three entities based in the United Arab Emirates (UAE) and one tanker registered by Liberia for violating a cap placed on the price of Russian oil by a coalition of Western nations. The Treasury also said it had taken steps to bar the […]
Russian oil: India’s state oil refiners in talks with Rosneft to secure Russian crude for long term
All three of India’s state oil refiners are in talks with Rosneft Oil Co PJSC to secure long-term supplies of Russian crude, an effort to move away from one-off purchases that have left them vulnerable to competition. Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp are in discussions, said people familiar with the […]
Petronet draws Rs 40,000 cr investment plan to treble profit by 2028
Petronet LNG Ltd, the operator of the world’s largest liquefied natural gas (LNG) import terminal, will invest Rs 40,000 crore in expanding import capacity and petrochemicals with a target to treble net profit by 2028, its CEO A K Singh said. Petronet is making a foray into the petrochemical business by investing Rs 12,685 crore […]
ONGC in talks to restart Libya operations, expand in Venezuela: Report
India’s Oil and Natural Gas Corp is in talks to restart its operations in Libya and to increase production in Venezuela, a company executive said on Friday. “Once it gets started for Oil India, same applies to us. We are also in the same pact with National Oil Corporation of Libya,” Sushma Rawat, director of […]
HPCL to commission Barmer refinery by January 2025: co exec S Bharathan
Hindustan Petroleum Corporation Ltd (HPCL) will commission the country’s newest oil refinery at Barmer in Rajasthan by January next year that will help meet rising fuel demand in the north India, a senior company executive said. “The 9 million tonnes a year refinery is 76 per cent mechanically complete and will be completed by year […]
Bangladesh likely to sign another long-term LNG deal, buy more spot cargoes
Bangladesh will likely sign its fifth long-term liquefied natural gas (LNG) contract in “a couple of years” and will increase its spot cargo purchases this year, an adviser to the country’s prime minister said. Weak demand has kept Asian spot LNG prices muted for weeks, encouraging price-sensitive economies including Bangladesh and India to consider ramping […]