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India Oil & Gas News

GAIL-Reliance Ind pact to market D6 gas inoperative Sep 3, 2010GAIL-Reliance Ind pact to market D6 gas inoperative

The marketing agreement between GAIL (India) Ltd and Reliance Industries Ltd (RIL) to sell D6 gas stands inoperative due to a Government policy that does not allow RIL to sell gas independently. Though GAIL continues to transport a little over 30 msc... >> more

Petronet plans Rs 2,300-cr expansion at LNG terminal Sep 3, 2010Petronet plans Rs 2,300-cr expansion at LNG terminal

Petronet LNG Ltd (PLL) plans to invest Rs2,300 crore to install two more storage tanks at its LNG receiving and regasification terminal at Dahej in Gujarat. The Dahej terminal has four tanks and with the addition of two storage tanks, the total capac... >> more

IOC seeks land adjacent to its Haldia refinery for expansion Sep 3, 2010IOC seeks land adjacent to its Haldia refinery for expansion

IndianOil has urged the Union Government to transfer 150 acres in Haldia, still under the possession of the closed facility of Hindustan Fertiliser Corporation (HFC), to its Haldia refinery. This will facilitate IOC's long-term plan to expand the cap... >> more

CPCL lines up Rs 7,000-cr projects Sep 3, 2010CPCL lines up Rs 7,000-cr projects

Chennai Petroleum Corporation Ltd (CPCL) plans to build a 20-inch interconnecting crude oil pipeline between Karaikkal port and its Chidambaranar oil jetty. Indian Oil Corporation, the holding company of CPCL, has been engaged as EPCM (engineering, p... >> more

Cairn eyes 300 m barrels/day more from Rajasthan field Aug 30, 2010Cairn eyes 300 m barrels/day more from Rajasthan field

Cairn India Ltd is looking at an incremental output of 300 million barrels of oil a day (bopd) from its oil fields in Barmer, Rajasthan. Cairn completed one year of production on August 28. It plans to get this incremental output from the enhanced oi... >> more

Kochi plant to produce crude oil from plastic waste Aug 30, 2010Kochi plant to produce crude oil from plastic waste

The Kochi Corporation has initiated steps for establishing a plant for producing crude oil out of plastic waste, based on a proposal mooted by Chennai-based M.K.Aromatics. Discussing the proposal at a meeting, the Corporation Council decided to initi... >> more

Oil India eyes shale gas assets abroad Aug 27, 2010Oil India eyes shale gas assets abroad

State-run Oil India said today it was eying overseas shale gas assets in a possible consortium with Indian Oil Corporation and GAIL India. The government-controlled exploration company has hired seven banks to facilitate completion of at least one ov... >> more

ONGC to invest Rs 372 cr on two marginal offshore fields Aug 27, 2010ONGC to invest Rs 372 cr on two marginal offshore fields

State-owned Oil and Natural Gas Corporation (ONGC) today said it will invest over Rs 372 crore to develop two marginal oil and gas fields off the West Coast. The company board today approved "an investment of Rs 372.11 crore for development of the BH... >> more

Indian Oil, Oil India in talks to buy into Essar's Myanmar gas block Aug 24, 2010Indian Oil, Oil India in talks to buy into Essar's Myanmar gas block

State-owned oil companies Indian Oil and Oil India are in talks with the Essar group to pick up 20% stake each in a gas block in Myanmar that is estimated to have even bigger reserves than Reliance Industries’ KG-D6 fields. The shallow-water gas bloc... >> more

Karnataka set to get gas by March 2012 Aug 19, 2010Karnataka set to get gas by March 2012

Karnataka, which has completely missed the first opportunity to make use of natural gas resources in the country, is now making all efforts to catch up with the gas revolution. The state government has sought allocation of at least 20 million metric ... >> more

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