ONGC becomes first natural gas producer to trade on gas exchange, IGX

State-owned Oil and Natural Gas Corporation (ONGC) said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange, trading unspecified volumes from its eastern offshore KG-DWN-98/2 block. In a statement, ONGC said it will increase volumes slowly. “ONGC has become the first exploration and production (E&P) company in India to trade […]

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India’s crude oil imports rise 5.5% in August; LNG imports rise 9.1% in July this year

India’s crude oil imports rose 5.5 per cent from a year earlier to 19.66 million tonnes, and increased by about 1.7 per cent from July’s 19.34 million tonnes. It was the most imported since April, latest data from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC) showed. Imports of oil products jumped by about […]

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