India’s HOEC to Start Oil Production from B-80 Field in April
Hindustan Oil Exploration Company (HOEC) will start oil and gas production from the B-80 block to produce 8,500 barrels of oil (bbl/d) and oil equivalent per day (bbloe/d) in April 2021.
India | Egypt Oil & Gas - Part 5
India’s Petronet Prepares to Diversify Businesses
Indian Petronet Company announced that its is preparing to expand its businesses to include bunkering, compresses biogas and renewable energy targeting to change energy landscape besides it focus on its core liqui ...
ExxonMobil in Talks to Buy Stakes in Indian Oil fields
Indian Oil Minister, Dharmendra Pradhan, stated that ExxonMobil is on talks to buy a stake in oil and gas fields in India.
India to Double Oil Refining Capacity in 5 Years
India’s Prime Minister, Narendra Modi, plans to nearly double its oil refining capacity in the country over the next five years, a much more ambitious plan than previously stated despite COVID-19 complications.
India’s OIL Announces New Hydrocarbon Discovery in Assam
Oil India Limited (OIL) has made a new hydrocarbon discovery at well Dinjan-1 in Tinsukia Petroleum Mining Lease (PML) in Assam.
Venezuela’s Oil Exports Rise in September
Venezuelan oil exports rose again for a consecutive month after customers aim to buy as much crude as possible from the sanctioned nation before the US ramps up sanctions.
IOC to Expand Barauni Refinery
State-owned Indian Oil Corporation (IOC) is set to invest nearly $2.024 billion into expanding the capacity of its Barauni refinery in Bihar.
India Initiates 8,363 Oil, Gas Projects
The Indian government has kick-started in excess of 8,363 oil and gas projects since April following all pandemic related standard operating procedures (SOP).
India’s Oil Imports Drop 31%, Hitting Lowest Levels since 2011
India’s oil imports in May have nosedived 31% from April’s levels, representing the lowest importing figures since October 2011.
India Launches its First Natural Gas Trading Exchange
India launched its first natural gas trading exchange on June 15 in a move to increase market driven pricing and boosting consumption.
