Hydrocarbon Industry

Aims to increase output from 4,900 barrels of oil equivalent per day (boepd) to 35,000 boepd; is also lining up $500 mn for coal-bed methane block in MP, where it plans to drill 500 wells

The MoU aims to work towards a common goal of strengthening the country's journey towards becoming a carbon-neutral economy and aid in the development of the Indian carbon market

The consumption of composite materials in India is expected to witness a sharp uptick and touch 7.68 lakh tonne (LT) by 2027, led by demand from sectors like renewable energy, electric vehicles, defence, among others, according to a report. Composite materials or fibre-reinforced plastics help in circular economy as these are manufactured by combining multiple materials with different properties. Examples of composite materials are polymer matrix, metal matrix, ceramic matrix composites and carbon matrix etc. "The Indian composites material industry is taking the consumption from 5,11,900 tonnes of composites materials in 2021 to 7,68,200 tonnes in 2027," FRP Institute said in its latest research. The composites materials market is also expected to grow at a CAGR of 6.9 per cent over the next five years to reach USD 2.01-billion in 2027 from USD 1.26 billion last year, the Chennai-based body said. The major growth drivers for the industry will be increasing demand from sectors lik

Will also embrace green fuels, industrial energy efficiency

Four companies, including 3 state-owned, put in 10 bids for the 8 oil and gas blocks on offer in India's latest round of bidding for exploration acreage, says the Directorate General of Hydrocarbons.

This block is the largest hydrocarbon find in South East Asia spanning two decades and has approximately 2 billion barrels of oil and gas resource

His company will cut 10 per cent from hydrocarbons segment employees who earn above Rs 15 lakh per annum.

That product is naphtha, something used to make a vast array of goods while also being integral to churning out gasoline

Politicisation of the issues plaguing the hydrocarbon industry in India will undermine the drive to cut import dependency in the oil and gas sector