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petroleum Sector News & Updates - July 3, 2024



ONGC in talks with Energy storage JV with Gentari
Petroleum   -  Aug 31,2023
Oil and Natural Gas Corporation (ONGC) is engaging in discussions with global entities, particularly Gentari of Malaysia's Petroliam Nasional Berhad (Petronas), to establish an energy storage joi .


IndianOil eyes on being 360-degree energy company
Petroleum   -  Aug 28,2023
Indian Oil Corporation plans a Rs 4+ lakh crore investment this decade for energy transition, refining, and petrochemical expansion, aiming to be a comprehensive "360-degree energy company." Over Rs 2 .


Odisha government approves ninenew projects worth Rs 873.57 crore
Petroleum   -  Aug 22,2023
The Odisha government has greenlit nine new industrial projects worth Rs. 873.57 crore. These projects, spread across various districts, are anticipated to generate over 2,500 jobs and boost the state .


Numaligarh Refinery to invest more than Rs 35,000 in next five years
Petroleum   -  Aug 21,2023
Over the next five years, Numaligarh Refinery Limited (NRL) plans to invest over Rs 35,000 crore in significant projects including refinery expansion, pipelines, ethanol production, and a polypropylen .


DFPCL announces plan to invest Rs 1,950 crore to expand Gujarat plant's nitric acid capacity
Petroleum   -  Aug 11,2023
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) intends to enhance nitric acid production at its Dahej facility in Gujarat, investing Rs 1,950 crore. The proposal involves constructing t .


ONGC plans to construct oil-to-chemical plants in shift towards energy transition
Petroleum   -  Aug 07,2023
ONGC, India's leading oil and gas producer, intends to construct two oil-to-chemical plants in response to the global energy transition. These plants would directly convert crude oil into high-va .


Indian Oil Corporation awards McDermott contract for project management consulting
Petroleum   -  Aug 02,2023
Indian Oil Corporation Limited (IOCL) has awarded McDermott a contract for project management consulting (PMC) and engineering, procurement, and construction management (EPCM) for the Naphtha Cracker .


Jharkhand CM approves country's first hydrogen fuel related industry
Petroleum   -  Aug 01,2023
Jharkhand's first hydrogen fuel company will be established in Jamshedpur with an investment of Rs 350 crore. The factory, a joint venture of Tata Motors and Cummins Inc., will develop over 4000 .


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