The partnership marks a strategic alignment between two leading public sector players to accelerate India’s transition towards resilient, low-carbon energy infrastructure. Mahanagar Gas Limited (MGL) and Oil India Limited (OIL) have signed a memorandum of understanding (MoU) to collaborate across the liquefied natural gas (LNG) value chain and explore emerging opportunities in clean energy. The...
Category: Oil & Gas
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INOX Air Products Invests ₹5 Billion in Dholera to Build India’s First Electronic Speciality Gas Hub
Speciality gases are critical to semiconductor fabrication, with ultra-high purity essential to wafer integrity, device performance and fabrication yield. INOX Air Products (INOXAP), India’s leading producer of industrial and electronic gases, has announced a strategic investment of ₹5 billion to support the country’s fast-growing semiconductor and outsourced semiconductor assembly and test (OSAT) sectors. The company...
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Beyond Russia: ONGC’s Strategic Push for Global Oil & Gas Assets
Even as it charts a future roadmap with ambitious targets for increased production and a deeper foray into sustainable energy, India’s largest oil and natural gas producer is also eyeing distressed overseas assets to expand its global footprint. While current geopolitical uncertainty presents opportunities for acquisitions, ONGC will decide on overseas expansions based on pricing...
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GAIL’s Record FY2025 Performance Sets Stage for LNG, Biogas, Digitalisation and Ship Leasing Expansion
With record LNG cargoes, digital transformation, biogas ventures, and a ship-leasing arm at GIFT-IFSC, the company also made a strategic shift towards operational agility and global competitiveness with an eye on future expansion. Expansion of its pipeline network, high throughput in transmission, record trading sales, sustained growth of its fledgling petrochemicals business, and increased liquefied...
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ONGC Begins Gas Sales from Chinnewala Tibba Block, Boosting Rajasthan’s Energy Grid
The Chinnewala Tibba block, a discovered small field under the Rajasthan Kutch Onland Exploratory Asset, spans 73 sq km near the Indo-Pak border and marks a strategic addition to ONGC’s production portfolio. India’s largest oil and gas explorer, Oil and Natural Gas Corp. (ONGC), has commenced natural gas sales from its Chinnewala Tibba field in...
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OIL-BPCL Join Hands for City Gas Network Rollout in Arunachal Pradesh
This newly formed joint venture between Oil India Ltd and BPCL will spearhead the rollout of compressed natural gas stations and piped natural gas services across Arunachal Pradesh, targeting households, businesses and industries as part of a broader push for clean energy access in the Northeast. Oil India Ltd (OIL) and Bharat Petroleum Corporation Ltd...
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Biofuels Earn Farmers $15 Billion Over 11 Years, Says Puri; Reaffirms Commitment to Shield Consumers from Fuel Price Volatility
Amid global crude price volatility, domestic fuel rates have been reduced through targeted government measures to uphold energy security, affordability, and access for all, Puri stated. India’s Ethanol Blended Petrol (EBP) Programme has generated ₹1.25 trillion ($15 billion) in income for farmers between Ethanol Supply Year (ESY) 2014-15 and July 2025, Union Minister for Petroleum...
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Reacting to Trump tariffs, India, Brazil expand oil ties: S&P Global Commodity Insights
Sky-high US tariffs are prompting India and Brazil to explore opportunities to boost oil trade, as New Delhi looks for alternatives to Russian oil, while Brazil scouts for newer markets for its growing crude output, according to S&P Global Commodity Insights. Russian oil flows to India continue, but Indian refiners are preparing for the worst...
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ONGC Q1 FY2026 Net Profit Rises 18.2% to ₹115.5 Billion on Strong Gas Realisations and Offshore Gains
ONGC’s Q1 gains were buoyed by rising revenue from new well gas, which crossed ₹17 billion—₹3.3 billion above the administered price mechanism (APM) rate—as the company stepped up output from premium-yielding sources. India’s largest oil and gas explorer, Oil and Natural Gas Corporation (ONGC) has reported a consolidated net profit of ₹115.5 billion for the...
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Centre Defends Ethanol Blending Programme Amid Mileage Concerns; Highlights $16.5 Billion Forex Savings
Despite ethanol now costing more than refined petrol, oil marketing companies continue blending it into fuel, citing long-term gains in energy security, rural incomes, and environmental sustainability, according to the ministry. Amid growing public debate over the impact of 20 per cent ethanol-blended petrol (E20) on vehicle mileage and engine life, the Ministry of Petroleum...