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India Oil & Gas News

Cairn India to spend $3 billion on oil exploration in 3 years May 17, 2013Cairn India to spend $3 billion on oil exploration in 3 years

Vedanta group firm Cairn India will invest $ 3 billion (over 16,000 crore) in the next three years to expand its oil and gas production in the country, a top company official said today. Of this, more than 80 per cent (over Rs 12,800 crore) of the... >> more

Gas imports remain flat despite drop in domestic production Apr 26, 2013Gas imports remain flat despite drop in domestic production

With the continued decline in domestic gas output, India’s dependence on the twice more expensive imported gas should have increased. But, imports have not taken off as expected, say industry observers. The reasons for this include inadequate pipe... >> more

ONGC Videsh signs agreement with Petro Amazonas Ecuador Apr 26, 2013ONGC Videsh signs agreement with Petro Amazonas Ecuador

ONGC Videsh (OVL), the overseas arm of ONGC has signed an agreement with Petro Amazonas Ecuador, the national oil company of Ecuador for taking up exploration activities in Ecuador. OVL has signed pact with Petro Amazonas Ecuador as the Government... >> more

Indian Oil plans major maintenance at plants in FY14 Apr 25, 2013Indian Oil plans major maintenance at plants in FY14

State-run Indian Oil Corp. Ltd (IOC) is planning major maintenance at its refineries in the fiscal year that began on 1 April, including a complete shutdown of its 160,000-barrels per day (bpd) Mathura plant, a company source said on Tuesday. Indi... >> more

India eyes oil, gas reserves in Tajikistan Apr 17, 2013India eyes oil, gas reserves in Tajikistan

With severe economic sanctions against Iran by the West hitting its oil procurement, India is in talks with Tajikistan to import oil to meet its energy deficiency. Energy security emerged as one of the main area of focus during the talks held between... >> more

BPCL to spend Rs 32,500 cr to up its refining capacity Apr 16, 2013BPCL to spend Rs 32,500 cr to up its refining capacity

State-run Bharat Petroleum Corporation Ltd (BPCL) will spend Rs 32,500 crore to expand its refining capacity from the current 30.5 million tonnes (mt) to 47.5 mt in the next three-four years. The company will spend Rs 10,000 crore on its Numaligarh r... >> more

GAIL inks deal with US firm for LNG capacity Apr 2, 2013GAIL inks deal with US firm for LNG capacity

The country's largest gas transportation company GAIL (India) has signed a terminal service agreement with Dominion, a US-based firm, to add 2.3 mmtpa of gas capacity to Cove Point LNG liquefaction terminal project. The US-based firm is marketing ... >> more

MRPL plans to expand Apr 1, 2013MRPL plans to expand

In line with the Perspective Plan 2030 of Oil and Natural Gas Corporation, its subsidiary MRPL is all set to expand into a 21 MMTPA refinery with a pet coke gasification unit and a linear alkyl benzene unit.The company also plans to diversify into... >> more

Cairn India plans $2 bn investment, shares rise Mar 26, 2013Cairn India plans $2 bn investment, shares rise

Shares of oil producer Cairn IndiaBSE 0.72 % rose nearly three percent Monday after the explorer said it plans to invest $2 billion to raise output by more than 70 percent at its oilfields in the country's northwest. Shares of Cairn India, part of... >> more

Cairn India to invest Rs 10,000 crore, aims to raise daily output to 5L barrels Mar 25, 2013Cairn India to invest Rs 10,000 crore, aims to raise daily output to 5L barrels

Business magnate Anil Agarwal aims to raise Cairn India's crude oil output to 500,000 barrels per day (bpd), or 25 million tonnes a year, surpassing the annual production of state-run Oil and Natural Gas Corp (ONGC). But he wants the government to... >> more

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