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petroleum Sector News & Updates - May 24, 2026



India offers 80,228 sq km for oil and gas exploration under OALP XI
Petroleum   -  Apr 02,2026
The Indian government has opened 80,228 square kilometers for oil and gas exploration under the OALP XI round. Featuring both onshore and offshore blocks, this initiative aims to attract global and do .


BPCL–Sembcorp JV secures green hydrogen supply deal with Numaligarh Refinery
Petroleum   -  Mar 25,2026
BPCL and Sembcorp Industries' joint venture secures a green hydrogen supply deal with Numaligarh Refinery. This landmark project marks a major shift toward decarbonizing India’s refining sector .


GAIL invests $130 million in TruAlt Bioenergy subsidiary
Petroleum   -  Mar 23,2026
GAIL (India) Limited has completed a strategic ₹130 million ($1.6 million) investment in Leafiniti Bioenergy, a subsidiary of TruAlt Bioenergy. This 49% equity partnership aims to develop six greenf .


GAIL to invest Rs. 1,736 crore in 178 MW wind power project in Maharashtra
Petroleum   -  Mar 03,2026
GAIL India Limited is set to invest ₹1,736 crore in a new 178 MW wind power project in Maharashtra. This board-approved initiative marks a major step in GAIL's renewable energy strategy, focusi .


SPIC commences production of new complex fertiliser ‘Bharat NPK 17:17:17’
Petroleum   -  Feb 25,2026
Southern Petrochemical Industries Corporation (SPIC) has launched production of Bharat NPK 17:17:17, a complex fertilizer designed for balanced crop nutrition. Manufactured at SPIC’s primary facilit .


G R Engineering emerges L1 bidder for Rs. 1,107 crore Petronet LNG CCR package
Petroleum   -  Feb 24,2026
G R Engineering Projects Limited (a subsidiary of G R Infraprojects) has emerged as the L1 bidder for the ₹1,107.39 crore Continuous Catalytic Regeneration (CCR) package at Petronet LNG’s PDH-PP p .


Panipat green hydrogen unit on track for December 2027 completion
Petroleum   -  Feb 17,2026
Indian Oil Corporation Limited is set to complete its green hydrogen unit at Panipat by December 2027. Using renewable energy, the facility will produce green hydrogen to support refinery operations a .


BPCL plans petrochemical park near Bina refinery
Petroleum   -  Feb 13,2026
Bharat Petroleum Corporation Limited (BPCL) is exploring a petrochemical park near its Bina refinery in Madhya Pradesh. The project plans to integrate downstream chemical units with refinery operation .


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