Tag
Oil & Gas
9 articles
Energy sector developments highlight a mix of strategic initiatives and legal challenges. GAIL is actively engaging with investors through roadshows in Singapore and Hong Kong, while also preparing for a board meeting to finalize dividend payments for fiscal year 2025-26. Meanwhile, Emrock Corporation is expanding into renewable energy with a ₹33 crore Bio-CNG project. However, ONGC faces setbacks as the Supreme Court dismissed its special leave petition related to a dispute with Newton Engineering, and further hearings are scheduled for several other ONGC appeals in July 2026. These developments underscore the ongoing evolution of India’s energy landscape, balancing growth opportunities with legal complexities and regulatory scrutiny.
US Federal Oil & Gas Lease Sale Nets $4 Billion
Federal oil and gas lease auction in NM and TX generated $4 billion in winning bids, topping previous records.
Sale covered 74 parcels totaling 33,530 acres, primarily in New Mexico’s Permian basin, t
ONGC Wins Stay on Costs, Appointment Order
Supreme Court granted leave in SLP (1920/2025) concerning ONGC and ordered stay of costs from impugned judgment.
Court directed ONGC to appoint respondent No.1 within four weeks, with no stay on the H
Mahanagar Gas Appoints Deepak Gupta Chairman, Praveer Srivastava MD
Mahanagar Gas shareholders approved appointment of Deepak Gupta as Non-Executive Non-Independent Chairman effective March 1, 2026.
Praveer Kumar Srivastava appointed as Managing Director for five-year
BPCL Reports 94% PAT Surge FY26
BPCL posted a 93.78% rise in consolidated profit after tax to INR 25,843 crore for FY 2026 versus FY 2025.
Standalone PAT grew 75.54% to INR 23,303 crore, while EBITDA increased 51% to INR 40,582 cror
ONGC Ltd Granted Two-Week Reply Period
Supreme Court heard Civil Appeal No. 3458/2018 between ONGC Ltd and State of Assam Revenue Dept on 18 May 2026.
Court ordered respondent counsel to file a reply to the appellant's application within t
GAIL Announces Singapore, Hong Kong Investor Roadshows
GAIL officials will attend Morgan Stanley non-deal roadshow in Singapore on May 25-26, 2026 for investor meetings.
Company representatives will participate in UBS Asian Investment Conference in Hong K
Emrock Subsidiary Approves ₹33 Crore Bio-CNG Project
Emrock Energy Private Limited, a 50.49%-owned subsidiary of Emrock Corporation, approved a new Bio-CNG project with estimated cost of ₹30-33 crores.
The project will produce 1600 tons of Bio CNG, 8652
ONGC SLP Dismissed by Supreme Court
Supreme Court dismissed ONGC's Special Leave Petition against High Court order favoring Newton Engineering.
The petition arose from the High Court's final judgment dated 30‑April‑2026 in CAA No.1/2026
ONGC SLP Hearing Adjourned to May 19
Supreme Court heard ONGC’s Special Leave to Appeal petition; respondents failed to appear, leading to procedural directives immediate.
Court ordered that respondent’s Advocate‑on‑Record, Mr. Ayush Ana