Tag
Oil & Gas
6 articles
Geopolitical tensions and supply chain dynamics continue to influence the oil and gas sector. Germany is considering extending the release of its strategic oil reserves, a move that could provide some near-term price stability amid ongoing concerns about supply disruptions, although officials note no current shortages. Elsewhere, BW LPG has fully exited its stake in Confidence Petroleum, signaling a shift in investment strategy, while legal proceedings involving Indian Oil and Bharat Petroleum highlight the ongoing regulatory and contractual complexities within the industry. These developments underscore the sector’s sensitivity to both global events and domestic legal frameworks, potentially impacting investor sentiment and future operational strategies.
HEC Infra Projects Wins ₹48 Crore BPCL Switchyard Order
HEC Infra Projects received a ₹48 crore domestic work order from Bharat Petroleum Corporation Limited for a 66 KV switchyard.
The order is for BPCL's Vadinar-Bina Crude Pipeline capacity augmentation
Supreme Court Condones Delay – Sethia Oil vs National Insurance
Supreme Court Registrar heard petition for special leave to appeal (C) No.18880/2026 filed by Sethia Oil Industries Ltd.
Petitioner sought condonation of delay in filing spare copies for service on Na
Supreme Court Adjourns Enviro Engineers-ONGC Appeal
Supreme Court heard Civil Appeal No. 6680/2023 between Enviro Engineers and ONGC on 2 July 2026.
The bench comprised Justices Manmohan and K. Vinod Chandran; counsel for appellant was Mr. Randhir Kuma
BPCL Acquires 100% Stake in IBV Brazil for ₹2,312 Cr
BPCL's step-down subsidiary BPRL Ventures BV acquired full 100% ownership in IBV Brazil Petroleo Limitada for ₹2,312 crores in cash.
The acquisition, completed on July 1, 2026, provides BPCL access to
Court Restores 2019 OFDC Interim Order
Court noted the petitioners' contract expires on 31 Mar 2021 and was still active on 23 Feb 2021 dismissal.
The court set aside its 23 Feb 2021 order and reinstated the interim order dated 25 Nov 2019
BW LPG Exits Entire 8.5% Stake in Confidence Petroleum
BW LPG Shipping FZCO divested its entire 8.5% stake (2.82 crore shares) in Confidence Petroleum India via off-market sale on June 2, 2026.
All agreements between Confidence Petroleum and BW LPG dated