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Oil and Gas Industry India News & Recent Update | IBEF

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To cut imports, Oil India aims to raise output by over 7%: Utpal Bora New Delhi: State-run Oil India is targeting to increase its oil production by 7.25 per cent and gas production by 30.4 per cent by FY22 to help India reduce its reliance on imports....

Business Standard May 21, 2019

Rosneft's Nayara begins fuel retail expansion in India Mumbai: Essar Oil, renamed Nayara Energy after acquisition by Russian oil major Rosneft, has begun expansion of its private fuel retail network in India....

Livemint May 09, 2019

India, China join hands on oil New Delhi: India and China have established a joint working group on oil and gas which is the first such mechanism between the two countries to cooperate in the field of energy....

HT Business May 07, 2019

ONGC to take over east coast PY-3 oil field from UK-based Hardy Oil & Gas New Delhi: Oil and Natural Gas Corporation (ONGC) is going to start operating the PY-3 oil field in the Bay of Bengal, which is expected to benefit the Nagapattinam refinery of Chennai Petroleum Corporation Limited....

Business Standard May 02, 2019

IOC's R&D centre patent filing crosses 1,000-mark New Delhi: Indian Oil Corporation's (IOC) research & development (R&D) centre in Faridabad, Haryana has made it the first public sector company in India to cross 1,000 patent filings....

PTI May 01, 2019
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