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Petroleum Sector News & Updates - February 4, 2026



Chhara LNG terminal again delays commissioning
Petroleum   -  Aug 07,2024
HPCL has postponed the commissioning of its 5mn t/yr Chhara LNG terminal to November-December due to weather conditions, marking the second delay this year. The terminal faced setbacks in April due to .


Swachh Bio to invest Rs 1,000 crore in Telangana
Petroleum   -  Aug 07,2024
Swachh Bio plans to invest over Rs 1,000 crore in a bio-fuel plant in Telangana, creating 500 jobs. The company, in collaboration with its international partner Suganit Biorenewables, has signed an ag .


IOCL’s dedicated jetty at Ennore port to be operational by December
Petroleum   -  Aug 02,2024
Indian Oil Corporation Ltd (IOCL) is set to complete a ₹921 crore exclusive oil jetty at Kamarajar Port, Ennore, by December 2024, boosting the port's capacity by 3 million tonnes annually. The .


India HPCL scouts for LNG deals hopes to start LNG terminal by December
Petroleum   -  Aug 02,2024
Hindustan Petroleum Corp Ltd (HPCL) plans to commission its 5 million ton per year LNG terminal in western India by the end of 2024, following a weather-related delay in April. HPCL is securing long-t .


Spacenet & Russian firm form JV for LNG project
Petroleum   -  Aug 02,2024
Spacenet Enterprises India Ltd and Modern Fuel Technologies have launched a joint venture to advance LNG infrastructure across India. The partnership aims to meet growing energy demands, with plans to .


Board of Indian Oil Corporation approves construction of greenfield terminal at Bihta, Patna
Petroleum   -  Jul 31,2024
Indian Oil Corporation (IOCL) has received Stage-1 approval to construct a greenfield terminal at Bihta, Patna, Bihar, on the Barauni-Kanpur and Patna-Motihari-Baitalpur pipelines. Approved on July 30 .


Hindustan Oil Exploration Company successfully tests sand interval
Petroleum   -  Jul 16,2024
Hindustan Oil Exploration Company announced successful gas flow from an untested sand interval, Sand-9, during a workover in Block AAP-ON-94/1 (Dirok). Initial flow exceeded 6 million standard cubic f .


BPCL ready to invest Rs 1 lakh crore in Andhra Pradesh
Petroleum   -  Jul 12,2024
Andhra Pradesh Industries Minister TG Bharat announced that Bharat Petroleum Corporation Ltd (BPCL) plans to invest Rs 1 lakh crore in the state, primarily for setting up an oil refinery. Initially, B .


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