Cairn looks to seize Air India assets to recover $1.7 bn
UK's Cairn Energy Plc has brought a lawsuit in the US court that potentially can lead to seizing of Air India's overseas assets such as airplanes…
Oil and Gas
The latest Oil and Gas news, analysis and data from India and across Asia, reported by Energy Asia.
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Cairn Oil starts production from tight oil project in Rajasthan
Cairn Oil & Gas, Vedanta Limited, India's largest private oil and gas exploration and production company, has achieved a significant milestone by starting production from its…
India to play a big part in reaching climate goals
Global efforts to arrest climate change and keep Earth liveable will fail without a jumbo-sized effort from India to halt emissions growth that could wipe out…
OIL’s acquisition of NRL will ensure India’s energy security
Oil India Limited (OIL) on Tuesday said its acquisition of shares of Numaligarh Refinery Ltd (NRL) in Assam will be a synergy for mutual growth, ensure…
Over 33% ICS computers faced cyberattacks in H2 2020
Globally, the percentage of attacked ICS (industrial control system) computers in the second half of 2020 was 33.4%, said a new report from cybersecurity firm Kaspersky.
Cairn offers to forego $ 500M if India pays principal due
Cairn Energy Plc has offered to forego USD 500 million and invest that amount in any oil and gas or renewable energy project identified by the…
LNG Bunkering Market Size to Reach $ 5.14 Billion by 2027
The LNG Bunkering Market is segmented by Product Type Truck-to-Ship, Port-to-Ship, Ship-to-Ship, and Portable tanks, by End-User (Container Fleet, Tanker Fleet, Cargo Fleet, Ferries, Inland Vessels…
PipeChina to start operating gas pipelines & LNG terminal
PipeChina will start operating four major gas pipelines and a liquefied natural gas (LNG) terminal after acquiring the assets from Kunlun Energy.
BHEL enters LSTK business for downstream oil & gas sector
Against stiff international competitive bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has bagged a major order for a Sulphur Recovery Unit from IOCL.
“She’s free”: Traffic in Suez Canal resumes
Shipping traffic through Egypt's Suez Canal resumed on Monday after a giant container ship which had been blocking the busy waterway for almost a week was…
OIL’s Mozambique project fulfils USD14.9 bn debt drawdown
ONGC Videsh Ltd and Oil India Ltd, together with their foreign partners, have met conditions precedent for the first debt drawdown from the USD 14.9 billion
ONGC’s oil & gas production share jumps to 70%
ONGC which is often perceived as a drag on the crude oil and natural gas produced in the country, has actually seen its contribution to the…
India witnesses a near universal LPG coverage
LPG has emerged as the preferred kitchen partner for almost every Indian. This is evident from the fact that the LPG penetration in India has improved…
EOGEPL & IIT Dhanbad to work on CBM gas exploration
EOGEPL has signed an MoU for collaboration with the prestigious IIT (Indian School of Mines), Dhanbad, to jointly work on research and development of various advanced…
Centre committed to bringing natural gas under GST regime
Asserting that the central government is committed to bringing natural gas under the Goods and Service Tax (GST) regime, Prime Minister Narendra Modi said.
India giving topmost importance to develop its blue economy
India is giving topmost importance to develop its blue economy, said Prime Minister Narendra Modi while inaugurating several projects in Kochi.
Government to create a company to own and operate NDR
The government will create a company to own and operate India's maiden National Data Repository (NDR) that stores information on the vast sedimentary basins.
India’s gas production has risen above pre-COVID level
India's natural gas production has risen above the pre-COVID level following the start of output from a KG-D6 field operated by Reliance Industries Ltd and its…
National Infrastructure Pipeline DFI proposed to be set up
Minister for Finance, Nirmala Sitharaman announced that in order to achieve the target of National Infrastructure Pipeline (NIP) in the coming years.
Petroleum Minister calls for a new paradigm of clean energy
Petroleum Minister Dharmendra Pradhan said that we must ensure energy security for our people and provide energy which is affordable, accessible, clean, efficient and sustainable.
MRPL merger with HPCL may have to wait till FY24
ONGC's plan to complete the merger of its refining subsidiary MRPL with recently acquired HPCL to align its upstream and downstream operations into two verticals has…
Indian Oil’s refinery remote monitoring system launched
Dharmendra Pradhan inaugurated Indian Oil's Remote Monitoring & Operation Centre for Remote Tracking of Indian Oil's Refinery Gas Turbines in Hyderabad.
After NCLAT, NCLT now dismisses HOEC’s appeal
Hindustan Oil Exploration Company (HOEC)'s attempt to jeopardize implementation of the Resolution Plan completed on Sept 2020 was struck down for the third time by NCLT's…
HOEC plans to start oil production from B-80 Block in 2021
HOEC will start producing 8,500 barrels per day of oil and oil equivalent gas from the B-80 block in April next year, they had won this…
OIL’s drilling clearance inside national park stayed by HC
The division bench of the Gauhati High Court stayed the Centre's permission to Oil India Ltd (OIL) to drill seven wells inside a famous national park…