News archive

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Numaligarh to spend 1.50bn on crude exploration foray

Numaligarh Refinery Ltd said that it has firmed up plans to diversify into the exploration of crude oil within the next few months. The Mini Ratna PSU's board has already given its nod for an initial investment...
20 August 2019
Haldia to invest in hydrocarbon processing complex

Haldia to invest in hydrocarbon processing complex

Odisha has cleared a Rs 78,225 crore investment proposal by Haldia Petrochemicals towards a hydrocarbon processing complex in Balasore, an official in the state’s industry department said. The state’s...
20 August 2019
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ONGC investing Rs 83,000 cr in 25 projects

Oil and Natural Gas Corp (ONGC) is investing around Rs 83,000 crore in 25 major projects to boost oil and gas production, which has stagnated over last years, its chairman and managing director Shashi...
20 August 2019

Novatek wants to sell LNG from Arctic LNG-2 to India

Novatek is interested in supplying liquefied natural gas (LNG) from its Arctic LNG-2 project to Indian companies, Russian Deputy Energy Minister Anton Inyutsyn said. “Novatek is interested in attracting...
20 August 2019
Petronet LNG's Apr-Jun regasification volumes rise

Petronet LNG's Apr-Jun regasification volumes rise

Indian Petronet LNG's April-June regasification volumes inched 1.4% higher year on year as it was able to utilize the expanded capacity at its flagship Dahej terminal for a few days during the quarter....
20 August 2019
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RIL coke gasifiers aid petrochemical strategy

Reliance Industries (RIL) will increase coking capacity and rely on its new petroleum coke gasifier project as it transitions its refining business from transport fuels to petrochemicals. RIL has now ...
20 August 2019
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IOC to invest Rs 2 lakh crore

Indian Oil Corporation (IOC) will invest Rs 2 lakh crore in next 5-7 years to expand refining and petrochemical capacities in order to maintain a leadership position, its Chairman Sanjiv Singh said. The...
20 August 2019
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Petrogas renews EPSA with Oman for Block 5

International law firm CMS has advised Mazoon Petrogas SAOC (Petrogas), with the renewal of its exploration and production sharing agreement (EPSA) for the onshore Block 5 license in north-western Oman....
20 August 2019
Zohr Gas output increases 3.6 times in H1

Zohr Gas output increases 3.6 times in H1

The consortium of Eni, Rosneft, BP, and Mubadala Petroleum together with Egyptian oil and gas companies continues the successful implementation of the Zohr gas project on the Mediterranean offshore. In...
20 August 2019
MACOGA supplies high-tech expansion joint for SABIC

MACOGA supplies high-tech expansion joint for SABIC

SABIC is a public company based in Riyadh, Saudi Arabia. SABIC is a Saudi diversified manufacturing company, active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals. It is the...
20 August 2019