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...
Category: Oil & Gas
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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...
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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
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...