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Offshore Energy Gets Boost as India Reforms Licensing Policy: Puri Tells Rajya Sabha

Offshore Energy Gets Boost as India Reforms Licensing Policy: Puri Tells Rajya Sabha

The Andaman Basin emerges as a key frontier in India’s energy exploration, with drilling operations by ONGC and OIL targeting depths of up to 5,000 metres in ultra-deepwater regions. India is witnessing a renewed surge in oil and gas exploration, particularly offshore, revealing vast untapped hydrocarbon potential. In a written reply to a starred question...

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GAIL, OIL Extend 15-Year Gas Supply Pact for Rajasthan Fields

GAIL, OIL Extend 15-Year Gas Supply Pact for Rajasthan Fields

The supply deal for up to 900,000 SCMD of natural gas from Oil India’s Rajasthan fields to GAIL is set to boost domestic production, streamline transportation, and expand distribution, reinforcing energy security and improving access. India’s largest natural gas supplier GAIL India and Oil India Ltd have extended their existing gas sale and purchase agreement...

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GAIL Reports Record Profit Surge

GAIL Reports Record Profit Surge

India’s largest natural gas company, GAIL (India), has reported its highest-ever financial performance in FY2025, achieving record EBITDA, PBT, and PAT despite global economic challenges. Sandeep Kumar Gupta, Chairman & Managing Director, attributed the robust results to strong operational and financial performance across all major segments. The company’s revenue from operations rose to Rs.1.37 trillion...