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The Cabinet approved filling up of the underground strategic oil storage at Padur in Karnataka by foreign oil companies, who could use it as a storage for trading in the region but will have to part with the oil in case of an emergency in India. India has build 5.33 million tonnes of emergency storage […]

GAIL (India) Limited has awarded contracts for the purchase of 616 km of line pipe worth ₹1,100 crore for the Barauni-Guwahati pipeline. A company statement said that this fast tracks the project execution of the 729 km feeder line linking the entire North-East region with the Pradhan Mantri Urja Ganga pipeline network. The award of […]

After the sale of its Vadinar refinery in August 2017, Ruia-promoted Essar Group is focusing on its exploration and production business in India. Part of Essar Oil and Gas Exploration and Production’s (EOGEPL)’s strategy for the next three to four years is to further invest in coal-bed methane (CBM) block and put shale gas on […]

India’s largest infrastructure conglomerate Adani Group and French energy giant Total SA Wednesday announced a partnership to develop liquefied natural gas (LNG) import terminals and fuel retailing network in India. Total, which had a few weeks back exited Royal Dutch Shell-led Hazira LNG import terminal in Gujarat, will join Adani in developing a 5 million […]

Reliance Industries Ltd, owner of the world’s biggest refining complex, has halted imports of Iranian crude ahead of US sanctions against Tehran’s oil sector, its joint chief financial officer said. The United States plans to impose new sanctions on Iran’s oil sector from Nov. 4 in a bid to curb Iranian involvement in conflicts in […]

French energy giant Total SA is in talks to buy up to half of Adani Group’s stake in LNG projects in Gujarat and Odisha, an under-construction LPG import facility and in its city gas projects. French firm is keen on investing in fast growing gas market in India and finds Adani a suitable vehicle as […]

GMR Infrastructure Thursday said its arm Kakinada SEZ has inked a pact with Andhra Pradesh Gas Development Corporation (APGDC) for supply of piped natural gas. “Kakinada SEZ, a subsidiary of GMR Infra, signed an MoU with APGDC to get access to piped domestic natural gas for its upcoming 10,500-acre zone,” the company said in a […]

Ruia family-promoted Essar Power Wednesday announced the completion of its Rs 8,000-crore capex programme for its Mahan power plant project with commissioning of the plant’s second 600 MW unit. Both units of the project are operational and supported by an end-to-end raw material sourcing and evacuation infrastructure, a company statement said. According to the statement, […]

Oil Minister Dharmendra Pradhan Monday said as many as 5,000 plants for extracting biogas from agricultural residue,cattle dung and municipal solid waste are envisaged to be set up in the country in next five years at a massive Rs 1.75 lakh crore investment. Pradhan announced that state-owned fuel marketing companies will purchase all the bio-gas […]