Petrowatch

IOC chairman SM Vaidya likely to get rare tenure extension It's rare for a state-run enterprise chief to get an extension beyond the retirement age. In December 2022, the government appointed Arun Singh the chairman of ONGC. Singh had retired as BPCL chief just a few months earlier.

India’s delayed LNG terminals present hurdle to Modi’s gas goal Two floating import terminals missed commissioning targets last year after LNG prices skyrocketed, reducing demand and disrupting import plans, Ayush Agarwal, analyst with S&P Global, said during a media roundtable Thursday. Neither plants are expected to start before 2025, he said.

NSE gets Sebi nod to launch WTI crude oil and natural gas futures contracts The addition of the contracts will also expand the NSE product offering in the energy basket and its overall commodity segment. Earlier, NSE had signed a data licensing agreement with CME Group for the launch of oil and natural gas derivatives on its platform

Indian gas consumption likely to peak by 2037-2040: Sanjay Kumar, IGL We have increased our volume slightly over 8.1, that is the average that we had reported last quarter. Presently, we are clocking about 8.25 to 8.3 million cubic meter per day of volume.

Shell plans to more than treble retail network to 1,200 stations by 2030: Nitin Prasad "There are structural disadvantages for a company like Shell, which is an independent private market player. Pricing in all things is not just a function of your cost, recoveries and margins, but of what's the quality of the product and services that you offer."

Pankaj Kumar becomes the first Director (Production) of ONGC New Delhi: ONGC’s (Oil & Natural Gas Corporation) Director (Offshore) Pankaj Kumar has become the first-ever Director (Production) of the company. The Centr

Rajasthan govt’s share in Barmer refinery may drop, says Union minister Puri Union minister of petroleum and natural gas, Hardeep Singh Puri the Rajasthan government’s stand is not clear on sharing the increased project cost in the Barmer oil refinery

HPCL Rajasthan Refinery Project will be fully functional by 2024, says Petroleum minister Addressing a press conference in Barmer on Tuesday, Hardeep Puri said, "Barmer refinery will be the 'Jewel of the Desert', bringing jobs, opportunities and joy to the people of Rajasthan, as per the Atmanirbhar Bharat and Make in India vision of PM Modi."

ONGC to drill for oil & gas in Cauvery ultra deep waters in FY24 Director (Exploration) says they are ‘looking into various financial and administrative regulatory policies and seeing whether it is conducive’

Bid to find oil and gas in Puri district raises hope in Odisha - ET Auto Bhubaneswar: The exploration work was launched after a seismic survey indicated good possibility of oil and natural gas reserve in the coastal region. The Oil India had processed 1,502 km of two-dimensional seismic data and 1,670 square km of three-dimensional seismic data. The same was followed by....

Drilling Starts For Oil Exploration In Odisha's Puri District - odishabytes Puri: After completing installation of rigs, the Oil India on Wednesday started the drilling process for exploration of oil and gas in Odisha’s Puri district. Speaking to media persons on the sideline of spud-in ceremony at Kusupur village under Gop block of the district, Mahindra Sharma, Director...

Adani | Abu Dhabi Inc: Adani reaches out to Abu Dhabi Inc for capital infusion Senior representatives of the group, led by chairman Gautam Adani, Group CFO Jugeshinder Singh and other executives have been in the Middle East for the past week. Meetings have also been held with Abu Dhabi Investment Authority (ADIA) and other sovereign wealth funds (SWF) of Abu Dhabi, those cited...