Offshore fields accounted for 71.7% of total production in FY25, with their share rising to 71.9% in FY26 (as of January)
Energy-linked stocks bucked the trend of broader market fall, with the Nifty Energy index rising about 1.9 percent and the Nifty Oil & Gas index gaining around 0.9 percent. The rally in gas stocks followed the government’s move to stabilise domestic fuel supplies amid geopolitical disruptions.
The gains in city gas distribution and gas infrastructure stocks came after the government moved to safeguard domestic gas availability by invoking emergency powers and prioritising supplies to key sectors such as PNG for households, CNG for transport, and LPG production.
India's gas crisis reveals a critical vulnerability—no strategic reserves for LPG or natural gas, leaving households and businesses exposed when the Strait of Hormuz chokes
As per the order, the natural gas supply to fertiliser plants, will be capped at 70% of the last six-month average
To manage the impact of LNG supply disruptions, oil refining companies have been asked to absorb part of the strain by reducing gas allocation to refineries to around 65% of their past six-month consumption, depending on operational feasibility
Lit in 1971 to burn for weeks, Turkmenistan’s “Door to Hell” has blazed for over 50 years. Now fading, the fiery crater still hides mysteries beneath its flames and desert myths.
Natural gas demand is seasonal and prices are volatile
To supporters, she is exactly the leader BP needs. To critics, she represents an industry choosing regression over reinvention
Israeli Prime Minister Benjamin Netanyahu approved a record $35 billion gas export deal with Egypt, saying it would boost state revenues, public services and Israel’s role as a regional energy power.
Union minister Piyush Goyal said nuclear power will complement solar and wind in meeting round-the-clock electricity demand in India.
The Committee on Public Undertakings noted that project cycles of oil and gas sector projects, ageing fields and past disruptions have contributed to stagnant or declining domestic production despite high capital expenditure.
Nomura said a tariff hike could provide a one-time boost to Gail India, with an integrated tariff increase of over 20 percent could potentially surprise investors on the upside.
The lower crude oil import for July was primarily due to scheduled refinery maintenance shutdown and comparatively lower demand due to the monsoon season.
India’s natural gas push shows strong infrastructure growth, but demand lags due to pricing, limited uptake, and policy gaps. Success depends on aligning supply with affordability, accessibility, and demand-driven strategies to avoid underutilised assets
India’s crude oil imports rose by 4.7 percent during February, increasing the reliance on imports to 89.4 percent in the month. The net oil and gas import bill in February rose to $9.7 billion, much higher than import bill of $9.4 billion last year.
Rapid urbanisation and industrialisation is set to transform the energy market in the world's fifth-largest economy and drive gas demand growth through the end of the decade and possibly beyond that, the IEA said in a report.
Despite the long-standing demand of the oil and gas industry, petroleum products including petrol, diesel, natural gas and aviation turbine fuel (ATF) have not been included under GST, on account of opposition from the state governments.
The country imported 24,798 million metric standard cubic metre (MMSCM) of LNG from April to November 2024, 21 percent higher than the last year. The higher imports come on the back of increased gas consumption in the period, rising 10.41 percent from last year at 48,682 MMSCM.
Following the ~45 percent fall in share prices of these players, IGL, MGL and Gujarat Gas have rebounded sharply from November lows.
Rising natural gas prices may seem like a seasonal trade to capitalise on during winter months when demand is up. But it’s a very risky one as many have found when it’s too late
India imported 2,932 MMSCM of LNG in October. In the recent months, the country's reliance imports has been growing amid higher demand and stagnant production at home
ONGC's exploration director Sushma Rawat tells Moneycontrol that the oil giant is aided by improved technologies and competitive market prices. The company will also submit its field development plan for its Mahanadi block to the Directorate General of Hydrocarbons this fiscal.
The performance of eight core industries was lower in the first half of the current fiscal year compared with the growth numbers witnessed in H1FY24.
The gap between the domestic production and consumption of the transition fuel has led the government to cut cheaper gas allocation to city gas distribution players in the country.