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Gas, crude oil output dip

Gas, crude oil output dip

The country’s natural gas output has fallen for the 17th straight month in April by 11.3 per cent year-on-year. Crude oil production, too, dipped 1.3 per cent.

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Gas, crude oil output dip

Gas, crude oil output dip

The country’s natural gas output has fallen for the 17th straight month in April by 11.3 per cent year-on-year. Crude oil production, too, dipped 1.3 per cent.

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GAIL signs GSPA

GAIL signs GSPA

In a major step forward on the $7.6-billionTurkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, Turkmenistan’s national oil com­pany, TurkmenGaz,

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GAIL signs GSPA

GAIL signs GSPA

In a major step forward on the $7.6-billionTurkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, Turkmenistan’s national oil com­pany, TurkmenGaz,

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IOC to complete Rs 43-bn LNG project by 2016

IOC to complete Rs 43-bn LNG project by 2016

The proposed Rs 4,320-crore LNG terminal to be set up by Indian Oil Corporation (IOC) at Ennore Port in collaboration with Tamil Nadu Industrial Development Corporation (Tidco) may be completed by March 2016.

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IOC to complete Rs 43-bn LNG project by 2016

IOC to complete Rs 43-bn LNG project by 2016

The proposed Rs 4,320-crore LNG terminal to be set up by Indian Oil Corporation (IOC) at Ennore Port in collaboration with Tamil Nadu Industrial Development Corporation (Tidco) may be completed by March 2016.

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Regulator for oil and gas fields proposed

Regulator for oil and gas fields proposed

A Group of Ministers (GoM) on corruption has asked the government to create an independent regulator for oil and gas fields. The GoM has proposed that the new regulator should take over critical functions of the Directorate General of Hydrocarbons(DGH),which reports to the Oil Ministry and is its technical arm for issues involving oil and gas exploration and production contracts.

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Study to streamline upstream regulatory system

Study to streamline upstream regulatory system

In order to revamp the regulatory system of the country’s upstream oil companies, the government plans to commission a study of 10 upstream regulatory agencies from various countries in different continents and suggest steps to design the most suitable for India.