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Petroleum Sector News & Updates - February 4, 2026



Swan Energy, Singapore’s AG&P to form JV for LNG ops, storage unit
Petroleum   -  Dec 24,2024
Swan Energy has signed a preliminary agreement with AG&P Terminals & Logistics to form a joint venture (JV) for LNG supply in India and beyond. Swan Energy will hold a 51% stake, while AG&P LNG will o .


IOCL to invest over Rs 21,000 crore to expand Bihar refinery
Petroleum   -  Dec 20,2024
Indian Oil Corporation (IOCL) will invest over ₹21,000 crore in Bihar, including ₹16,000 crore to upgrade the Barauni refinery from 6 to 9 MTPA and build a polypropylene plant by 2025. Additionall .


NPG reviews five key infrastructure projects
Petroleum   -  Dec 20,2024
The 85th meeting of the Network Planning Group (NPG) evaluated five infrastructure projects under the PM Gati Shakti National Master Plan. These include three major highway projects: upgrading NH-927 .


Asian Energy secures Rs 200 crore order from Assam Gas Company
Petroleum   -  Dec 19,2024
Asian Energy Services has secured a Rs 200 crore contract from Assam Gas Company to design, construct, own, operate, and transfer a compressor station on a BOOT basis over three years. The first compr .


Andhra Pradesh capital Amaravati to have piped gas supply
Petroleum   -  Dec 18,2024
Indian Oil Corporation officials proposed making Amaravati the first fully piped capital city in India. A team from the Petroleum and Natural Gas Regulatory Board (PNGRB) met with the state government .


BCL Inds arm gets consent to establish bio-diesel plant
Petroleum   -  Dec 18,2024
BCL Industries' subsidiary, Svaksha Distillery, has received approval for a 75 KLPD bio-diesel and oil extraction plant at its Kharagpur unit, with a Rs 150 crore investment. The company also sec .


Godavari Biorefineries to invest Rs 130 crore in corn-based ethanol distillery
Petroleum   -  Dec 17,2024
Godavari Biorefineries Ltd plans to invest ₹130 crore in a new 200 KLPD corn-based ethanol distillery, enhancing its production flexibility with a dual-feedstock system. The investment, financed thr .


HPCL approves modernisation project in Mumbai refinery
Petroleum   -  Dec 16,2024
Hindustan Petroleum Corporation Limited (HPCL) has announced a Rs 4,679 crore modernization project at its Mumbai refinery. The initiative aims to enhance production capacity and quality, increasing l .


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