Japanese company INPEX joins ONGC’s hunt for Oil & Gas in KG Basin deep water block

OIL & NATURAL GAS CORPORATION (ONGC) and INPEX CORPORATION (INPEX), Japan’s largest oil company have entered into a strategic partnership for exploration of hydrocarbons in one of the acreages in KG basin. Both companies have today inked a Farm-out Agreement at ONGC’s corporate head-quarters in New Delhi.

IndianOil plans 15 mt refinery on West Coast

IndianOil on Tuesday said it is looking to set up a 15-million-tonne greenfield refinery on the country’s West coast. Along with the exercise of ramping up its existing refineries, the new unit will take the public sector company’s total refining capacity to 100 million tonnes by 2021-22, said R.K. Ghosh, Director (Refineries), IndianOil.

IndianOil’s Turnover up by 10% to Rs 94,680 crore Posts profit of Rs 9,611 crore for Q2 FY 2012-13

Indian Oil Corporation Ltd. has registered a profit of Rs 9,611 crore for the second quarter of the financial year 2012-13 as compared to a loss of Rs 7,486 crore for the corresponding quarter of the previous financial year; mainly due to release of Govt. Assistance to the tune of Rs 16094 crore towards under recoveries on sale of three sensitive products i.e. Diesel, PDS Kerosene and LPG (Domestic).

Green Completions Cut Gas Drilling Pollution, Produce Revenue, And Are Becoming Common: EQT Leading The Way

Like all major energy sources, natural gas production is industrial activity that cannot be done with no impact on the environment.  But again like all energy sources, natural gas's impacts vary depending on the practices and technology used to produce it.