The country’s first automated delivery-based gas trading platform, India Gas Exchange (IGX) has announced securing the necessary authorisation to operate as a gas exchange as per the provisions of the Petroleum and Natural Gas Regulatory Board (Gas Exchange) Regulations, 2020, for a period of 25 years.
Category: Oil & Gas
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Pradhan Urges Campaign to Disseminate Benefits of LNG as Fuel
Union Minister of Petroleum and Natural Gas & Steel, Dharmendra Pradhan has called upon the various stakeholders in the liquified natural gas (LNG) sector to mount a campaign to make both the public and end-users aware of the benefits of the fuel.
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HaryanaÂ’s first bio-CNG plant to come up in Kurukshetra
Kurukshetra will be soon getting its first bio-CNG plant based on agri-waste. A Memorandum of Understanding (MoU) was signed between the Indian Oil Corporation (IOCL) and the Haryana Renewable Energy Development Agency (HAREDA).
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Government signs OALP-1 for 55 gas and exploitation areas
The government will be signing Open Acreage Licensing Policy (OALP) round-1 contracts for 55 oil and gas exploitation areas.
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GAIL India to add 5,500 km gas pipeline
In order to boost its capacity by 50 per cent in the coming three years, GAIL India plans on adding 5,500 km gas pipeline.
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EIL bids to buy out government stake in PDIL
Engineers India (EIL) plans to bid in order to acquire the governmentÂ’s 100 per cent stake in Projects and Development India (PDIL).
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SMS bags Rs 200 million order to supply gas insulated substation
As soon as a new state-of-the-art gas insulated substation is installed at Patto Plaza, the power station in Panaji will improve.
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Cabinet approves additional 6.5 MMT petroleum reserves
The Union Cabinet has approved establishment of additional 6.5 million metric tonne (MMT) Strategic Petroleum Reserve (SPR) facilities at two locations
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Saudi ARAMCO and ADNOC sign MoU
Saudi Aramco and ADNOC signed a memorandum of understanding
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SOPAN to provide eco- friendly enhanced oil recovery solutions
This makes the technology suitable during both high and low crude oil rates. In addition, the process requires no topside modification offshore, therefore eliminating any need for incremental capex.