Indian Gas Exchange awaits regulatory approval for a 3-6 month gas contract linked to global benchmarks. The new contracts will have a fortnightly payment cycle. IGX is also considering introducing

Continue readingIndian Gas Exchange seeks regulatory nod to launch 3-6 month contract

The government has increased the allocation of cheap domestic gas to Indraprastha Gas Ltd (IGL) by 31% starting January 2025. This will boost IGL’s profitability. The company also secured additional

Continue readingGovt increases cheap domestic gas allocation to IGL: Company

The government plans to grant a Rs 35,000 crore subsidy to IOC, BPCL, and HPCL to cover losses from selling domestic LPG at unchanged prices despite rising costs. The subsidy

Continue readingGovt may give Rs 35,000 crore LPG subsidy to IOC, BPCL, HPCL

BP will increase oil production by 44% and gas output by 89% from India’s largest field off its west coast. ONGC named BP as its technical service provider. The increase

Continue readingBP projects 44% jump in oil output from India's largest field, ONGC says

ONGC has partnered with BP to increase production from the declining Mumbai High oil field by up to 60% over 10 years. This collaboration, projected by BP, led to a

Continue readingONGC ropes in BP to increase Mumbai high field output