GEECL to invest USD 2 bn to exploit shale gas reserves

Mumbai: Great Eastern Energy Corp (GEECL) is planning to invest around US$ 2 billion in West Bengal to exploit shale gas reserves in the Raniganj (south) block, according to Mr Pra...

City gas distribution project to be launched on November 22

Chennai: Indian Oil Corporation Limited (IOCL) will launch its City Gas Distribution (CGD) project on November 22, 2018.

'India can produce 62 MMT of CBG'

Chandigarh: India has potential to produce 62 million metric tonnes (MMT) of compressed bio-gas (CBG) annually, which is an adequate substitute for India's total gas demand, ac...

PM to launch 10th city gas licensing round on Nov 22

New Delhi: Mr Narendra Modi, Prime Minister of India, will be launching the 10th city gas licensing round on November 22, 2018, that will help in extending coverage of piped cookin...

Abu Dhabi oil co hires India's strategic oil storage

New Delhi: Indian Strategic Petroleum Reserves Ltd (ISPRL) has signed a pact with Abu Dhabi National Oil Company (ADNOC) to lease out a part of its underground strategic oil storag...

RIL plans Rs 3,000 cr fresh investment in Odisha

Bhubaneswar: Reliance Industries Ltd plans to make a fresh investment of Rs 3,000 crore (US$ 411.48 million) in Odisha over the coming three years.

Reliance raises Rs 3,000 cr through debentures

New Delhi: Reliance Industries Limited (RIL) has raised Rs 3,000 crore (US$ 412.46 million) through a privately placed issuance of unsecured, non-convertible redeemable debent...

India can buy oil from Iran as US agrees to waiver

New Delhi: India will continue to import oil from Iran as the US has agreed to waive off eight countries from the sanction halting Iran's oil and gas exports.