ONGC's share in India's oil, gas production jumps to 70% from 53% 10 years back

While Oil and Natural Gas Corporation (ONGC) maintained production levels, output by other operators has dropped, leading to an overall fall in India''s output and a sharp rise in import dependency.

India plans $60 billion investment in gas infrastructure, says Dharmendra Pradhan

The $60 billion spend envisages creating gas infrastructure till 2024, including for pipelines, LNG terminals and city gas distribution networks

Gas sector gets a much-needed fillip

Till date, only 11 percent of the country, which accounts for 19 percent of the population, is covered by gas infrastructure

IGL: Lockdown hits volumes, margins to the rescue

A rapid recovery in performance once the situation turns normal and expansion into new locations will be positive in the longer run

Hindustan Oil Exploration: Weak performance, but attractive valuations

Google backs off on AI for oil and gas extraction

The announcement followed a Greenpeace report Tuesday that documents how the three tech giants are using AI and computing power to help oil companies find and access oil and gas deposits in the U.S. and around the world.

How safe are gas marketing companies amid the Coronavirus pandemic?

Oil, gas bid deadline extended; bid rounds merged

Oil The fifth bid round under Open Acreage Licensing Policy (OALP) opened in January and was to initially close on March 18. However, the bid date was earlier this month extended to April 16. Now it has been further extended.

GAIL to invest Rs 1.05 lakh cr to create infra for gas-based economy

Gas pipelines are planned to take the fuel to the east and northeast regions as well as to consumers in the south as part of the government push to raise the share of natural gas in India's energy basket to 15 per cent by 2030 from the current 6.2 per cent, he said.

Ideas for Profit | Petronet LNG: This defensive play is displaying healthy profitability

GAIL to invest over Rs 45,000cr to create infra for gas-based economy

The gas pipelines are planned to take the fuel to the east and northeast regions as well as to consumers in the south as part of the government push to raise the share of natural gas in India's energy basket to 15 per cent by 2030 from the current 6.2 per cent, he said.

GAIL ferries LNG in trucks over 1,700 km to fuel gas demand in east

With gas pipelines yet to reach most parts of eastern India, GAIL has hired specialised cryogenic bullet trucks to transport imported liquefied natural gas from Dahej in Gujarat to Bhubaneshwar, where it is used as CNG to fuel automobiles and piped gas as cooking fuel in kitchens, company Chairman and Managing Director Ashutosh Karnatak said.

Oil and gas sector keeps faith in low-carbon energy: Survey

Against the backdrop of uncertainty over oil prices and the global economy, less than half of respondents to DNV GL's survey expect more large, capital-intensive projects to be approved this year, down from about two thirds last year.

China opens up oil and gas exploration, production to foreign firms

From May 1, 2020, foreign firms registered in China with net assets no lower than 300 million yuan ($43 million) will be allowed to take part in oil and gas exploration and production, the Ministry of Natural Resources said at a media conference.

Vladimir Putin visits Turkey to talk Libya, Syria and gas

Russia's leader will seek to boost his credentials as a regional powerbroker at the symbolic opening of the TurkStream pipeline, which brings Russian gas to Turkey and southern Europe via the Black Sea.

Govt asks Coal India to produce at least 2 mmscmd of gas in 2-3 years

The coal ministry has directed the consultancy arm of Coal India (CIL) to be actively involved in coal bed methane (CBM) development in state-run firm's leasehold areas, the official said.

HOEC Q2FY20 – Reduced gas offtake continued to impact performance, long-term story intact

Dharmendra Pradhan woos foreign firms to invest in India's oil & gas sector

Oil Minister Dharmendra Pradhan, who is on a two-day visit to the United Arab Emirates, showcased investment opportunities, promising political and fiscal stability, predictable policies and a huge diverse market.

BP invests in city transportation app Whim

BP's new technology investments have so far focused on electric vehicle charging platforms such as FreeWire and PowerShare and reduction of emissions from oil and gas drilling.

Cairn gets 10-year extension for Ravva oil, gas field

"With this extension, the production sharing contract (PSC) is now valid effective October 28, 2019, for the next 10 years," the company said in a statement.

India, Saudi Arabia moving from buyer-seller relationship towards closer strategic ties: PM Modi

Saudi Arabia is its second-biggest supplier after Iraq. It sold 40.33 million tonnes of crude oil to India in 2018-19 fiscal, when the country had imported 207.3 million tonnes of oil.

Small oil-and-gas companies get cold shoulder from large banks

Major banks including JPMorgan Chase , Wells Fargo , and Royal Bank of Canada have, as part of regular biannual reviews, cut their estimated values for oil-and-gas companies' reserves, which serve as the basis for those companies to receive reserve-based loans (RBLs), according to more than a dozen sources familiar with the activity.

Mexico faces headwinds to growth as oil production slows: Fitch Solutions

Fitch Solutions said that while Mexican President Andres Lopez Obrador has allotted more funding for Pemex in recent months, that would likely have a limited impact in the near term and production would continue to decline.

Mahanagar Gas to raise CNG, piped gas prices in Mumbai from July 1

The price of CNG will be revised to Rs 51.99/kg in Mumbai and surrounding areas

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