Indigenous Push: ONGC, IOC, Other Oil PSUs to Invest INR 1.2 Trillion in Energy Sector
India’s Energy sector to get a major push with ONGC, IOC, other PSUs deciding to invest INR 1.2 trillion for oil and gas exploration, refineries, petrochemicals and laying of pipelines. Feb 16, 2024 India’s energy sector is in for a major boost as some of the largest Public Sector Undertakings (PSUs), including the Oil and […]
India-Myanmar-Bangladesh LNG pipe connectivity to boost India’s Hydrocarbon Vision 2030
Potential pipeline connectivity between the three countries can accelerate India’s Hydrocarbon Vision 2030 for North-east India, as the government plans to make the North-east a hub of oil and gas transit. India is planning Liquefied Natural Gas (LNG) pipeline connectivity with the countries of Myanmar and Bangladesh, in an attempt to ensure energy security as […]
Cairn Oil & Gas Bags Production Sharing Contract for Rajasthan Block
Cairn Oil & Gas recently won eight oil blocks and one coal-bed methane block under the DSF Round III bids, which now makes the company’s total assets in the country to 62. November 5, 2022 Cairn Oil & Gas, a Vedanta Ltd. unit, has won consent from the government to extend the Production Sharing Contract […]
Nepal Looks Forward to India’s Help to Build Petroleum Pipelines
As the Motihari-Amlekhgunj pipeline gets completed, Nepal intends to sign a G2G agreement with India for two more petroleum pipeline projects and has forwarded proposals to the Indian government for the same. Nepal has sought India’s technical support and grant assistance for the construction of two morepetroleum pipeline projects under the government-to-government (G2G) agreement – […]
Cairn Oil & Gas’s Mangala Oil Field Celebrates 13th Year-Anniversary
Cairn Oil & Gas, which has three oil fields in Rajasthan (Mangala, Bhagyam, and Aishwariya), is intending to double its production capacities and further increase its contribution to India’s oil & gas sector. Cairn Oil & Gas, India’s largest private sector crude oil producer and a unit of Vedanta Group, has reached a significant milestone […]
North East Gas Grid Project Makes Significant Progress
A gas pipeline from Barauni to Guwahati will connect the North East Gas Grid to the National Gas Grid. The Petroleum and Natural Gas Regulatory Board authorised the work of the 1,656-km NE Natural Gas Pipeline Grid to Indradhanush Gas Grid Ltd. The North East Gas Grid (NEGG) Project has achieved the completion of a […]
Steadfast Oil Supply Assured for Northern Region as India-Bangladesh Pipeline Nears Completion
The trans-national oil pipeline between India and Bangladesh is expected to deliver the capacity of one million tonne of fuel per year. The 131 km pipeline making its way through Siliguri, West Bengal to Parbatipur, Dinajpur is slated to be operational by December 2022. Dhaka, Bangladesh-headquartered Bangladesh Petroleum Corporation (BPC), the public sector enterprise, asserts […]
MAN Industries Announces Q1 FY23 Results, Income Surges by 23.8 Percent
MAN Industries says that there is a robust book of bids totalling more than INR 17,000 crore in various stages of evaluation for various oil, gas, and water projects in both the domestic and global markets. MAN Industries (India) Ltd., the flagship company of MAN Group and one of the leading large diameter pipe manufacturing […]
Tullow Oil Reaches Out to ONGC Videsh, IOCL for a Kenyan project
Tullow Oil is optimistic about finding an investor for the onshore oil project in Kenya during the second half of this year. London-headquartered Tullow Oil has reached out to India’s major PSU in the oil & gas sector – ONGC Videsh Ltd. in Nairobi. The discussions between the two firms are about the London-based firm’s […]
ONGC Earmarks the Investment of INR 31,000 Crore for Oil & Gas
ONGC also mentioned that it is planning to leverage international collaborations with reputed global majors for the same, for which talks are already in an advanced stage. The Oil and Natural Gas Corporation (ONGC) India is planning to invest INR 31,000 crore in the upcoming three years. The infused funds will be deployed in exploring […]
