Oil & Gas – Feedback

Oil & Gas

Adani Ports and Special Economic Zone Ltd (APSEZ) has signed a long-term agreement with Indian Oil Corporation Ltd (IOC) to provide liquefied natural gas (LNG) re-gasification services on a use-or-pay basis to the state-run refiner, at its upcoming LNG import terminal at Dhamra in Odisha. As per the contract, IOC has booked 3 million tonnes […]

India and the USA on Tuesday decided to increase its co-operation in oil and gas, power, renewable energy and coal sectors during the first meeting of the US-India Strategic Energy Partnership. USA president Donald Trump and Prime Minister Narendra Modi had announced the partnership on June 26, 2017, in Washington, D.C. Through the partnership, USA […]

Pradhan By Diwakar Gopavajhala Hyderabad, Apr 15(PTI)Union Petroleum Minister Dharmendra Pradhan has said India will coordinate with China and other Asian countries to voice against the “Asian Premium” being changed by the Organisation of the Petroleum Exporting Countries (OPEC). Taking the initiative forward, the minister said, Indian Oil Corporation chairman Sanjiv Singh will coordinate with […]

Current state of cooperation between Kazakhstan and India in the energy sector was assessed and discussed on the sidelines of the recently held 16th International Energy Forum here. According to an Embassy of Kazakhstan release, a delegation from Kazakhstan, led by the Vice-Minister of Energy, M. Mirzagaliyev, held talks with the Indian delegation led by […]

IL&FS Engineering and Construction Company (IL&FS Engineering Services) has bagged a contract worth Rs 129.66 crore (excluding GST). Company has received a Fax of Acceptance (FOA) from the Gas Authority of India (GAIL). The work involves laying and construction of steel gas pipeline for a total length of the 30” diameter which is 95.4 km, […]

Essar Oil UK, one of the leading downstream energy companies in the UK, which owns and operates Stanlow Manufacturing Complex refineries, has said it is planning to increase its jet fuel production as the country is moving towards having a large share of electric vehicles by 2040. “Our share in the jet fuel business is […]

India’s state-owned gas supplier and developer GAIL Ltd plans to buy 0.5 million tonnes or eight cargoes of liquefied natural gas (LNG) from Russia’s Gazprom in 2018/19, its chairman and managing director said. “Cargoes will start coming from May,” Tripathi told Reuters on Thursday at the International Energy Forum.GAIL renegotiated the terms of a long-term […]

Essar Oil still owes about 500 million euros in payments for previous purchases of Iranian crude after having paid about 2 billion euros in outstanding dues, Chief Executive B. Anand said on Thursday. The outstanding payments stem from delays in paying for Iranian oil when the country was under international sanctions over its nuclear programme. […]

Kuwait Petroleum Corporation is likely to buy a stake in an Indian refinery-cum-petrochemical project that is likely to increase the country’s supply by at least 200,000 barrels per day (bpd). “There will be an announcement to this effect in one or two weeks, as we are planning to buy a stake in a refinery and […]

Indian consortium consisting of Indian Oil Corporation (IndianOil), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have entered a memorandum of understanding (MoU) with Saudi Aramco, petroleum and natural gas company in the Kingdom of Saudi Arabia. The companies have inked a MoU to jointly develop and build an integrated refinery and petrochemicals complex […]