Delhi: Oil regulator seeks uniform price for piped cooking gas, cracks down on retailers

 20 Jul 2025 03:32 PM

Petroleum and Natural Gas Regulatory Board directs Delhi gas retailers to implement uniform pricing for piped natural gas. This eliminates tiered pricing based on consumption. The move prevents potential misuse of subsidized gas intended for households. It also addresses concerns about unfair charges for higher consumption. The regulator wants a review of consumption patterns. They want investigation of unusual cases.

ONGC inks pact with BP for drilling stratigraphic wells in India

 17 Jul 2025 10:18 PM

State-owned Oil and Natural Gas Corporation (ONGC) has signed a strategic Memorandum of Understanding with global energy major BP to drill stratigraphic wells in India's offshore sedimentary basins—Andaman, Mahanadi, Saurashtra, and Bengal.

ONGC explores setting up 200,000-240,000 bpd refinery in Gujarat, source says

 17 Jul 2025 05:32 PM

State-run Oil and Natural Gas Corporation (ONGC) is conducting a pre-feasibility study for setting up a new refinery in Jamnagar, Gujarat, with a proposed capacity of 200,000–240,000 barrels per day, according to a company source.

PNGRB directs city gas companies to stop volume-based differential pricing

 16 Jul 2025 06:55 PM

The Petroleum and Natural Gas Regulatory Board (PNGRB) has directed city gas distributors to cease differential pricing for household piped natural gas (PNG). This directive aims to eliminate the practice of charging higher rates based on consumption levels.

GAIL seeks 5-to-10-year LNG deal, sources say

 16 Jul 2025 07:35 AM

GAIL (India) Ltd is in the market for liquefied natural gas (LNG) deliveries starting in 2027, seeking a five-to-ten-year agreement indexed to Brent crude oil prices. The company aims to secure six cargoes in 2027, increasing to eight in the following year, and then transitioning to a monthly cargo from the third year onwards.

GAIL signs pact to buy 1 million tonnes LNG from Vitol Asia

 15 Jul 2025 06:14 PM

Great news for India's energy sector. GAIL and Vitol Asia have signed a major gas sales agreement. GAIL will purchase 1 million tonnes of LNG annually from Vitol. The deal spans ten years, starting in 2026. This partnership supports India's growing energy demands. It also aims to increase natural gas usage.

Natural gas in 2025: Navigating a tightrope of supply, demand, and geopolitics

 13 Jul 2025 11:16 AM

Natural gas remains crucial in 2025 amid global energy transitions, tight supply, and geopolitical tensions. Demand is driven by Europe and the US, while China diversifies. Prices stay high due to low storage and LNG competition. Russia’s declining exports push Europe toward LNG-led diversification and infrastructure upgrades.

Deepak Fertilisers inks pact with Petronet LNG for regasification

 10 Jul 2025 07:49 PM

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has forged a five-year agreement with Petronet LNG Ltd for regasification of Liquefied Natural Gas (LNG). Petronet LNG will regasify around 25 TBTUs of LNG annually, mainly at its Dahej terminal.

Oil India, GAIL shares in focus after 15-year gas supply deal from Rajasthan fields

 10 Jul 2025 08:24 AM

Oil India and GAIL India have extended their gas sale agreement for 15 years, effective July 1, 2025. Oil India will supply up to 900,000 SCMD of natural gas from its Rajasthan fields to GAIL, who will transport it for electricity generation by RRVUNL. This collaboration highlights the companies' commitment to domestic gas production and distribution.

Oil India: Co And Gail Agree On 15-Year Contract For Supplying Up To 900,000 SCMD Of Natural Gas From Rajasthan Fields 🛢️🤝

 09 Jul 2025 07:31 PM

Oil India: Co And Gail Agree On 15-Year Contract For Supplying Up To 900,000 SCMD Of Natural Gas From Rajasthan Fields 🛢️🤝