Gas Authority India Ltd. (GAIL) Company News

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Diesel Guzzler Indian Railways Turns To Natural Gas To Cut Cost
Thursday, August 30, 2018 India's state railways sign a preliminary deal with gas firm GAIL (India) Ltd to use natural gas in some of its operations.

GAIL India's Online Gas Portal To Boost Transparency
Tuesday, August 28, 2018 The launch of an online portal by GAIL would ensure transparency and permit companies to understand the infrastructure further, analysts say.

India Rethinks Decision To Split Up Gas Utility Gail Ltd
Thursday, June 28, 2018 India is working on plans to enable gas utility GAIL to keep its marketing and pipeline operations separate without breaking up the company.

India's GAIL Turns To Spot And Short-Term LNG Deals
Thursday, May 24, 2018 GAIL (India) has switched its focus to short-term and spot deals for the purchase of LNG.

India Aims To Split GAIL Within A Year To Open Up Gas Sector
Friday, April 27, 2018 India plans to split state-run gas utility GAIL by March next year to create two companies.

India's GAIL Says LNG Supply From Gazprom Will Start From May
Thursday, April 12, 2018 GAIL plans to buy 0.5 million tonnes or eight cargoes of LNG from Russia's Gazprom in 2018/19.

Dominion Energy Denies LNG Contract Renegotiations
Tuesday, December 19, 2017 Dominion Energy says it had no plans to renegotiate any of its liquefied natural gas sales contracts.

India Seeks to Rework More LNG Contracts Amid Surplus, GAIL Says
Wednesday, October 04, 2017 India is pushing to renegotiate more LNG deals after its success in reaching agreements with some of the world's largest energy suppliers.

LNG Price Row Between India, US Crimps Trump's Export Aims
Friday, June 30, 2017 India's biggest importer of U.S. LNG is trying to re-negotiate prices with the U.S. seller, sources said.

India to Use Market Pricing for Part of Future Gas Finds in Complex Fields
Tuesday, August 11, 2015 India plans to introduce a new market price formula for part of future gas finds made in challenging environment, according to the country's Petroleum and Natural Gas Minister.

ONGC to Cut Gas Production in Arabian Sea Due to Pipeline Repair Work
Monday, July 06, 2015 India's ONGC will temporarily reduce production at its largest gas fields in the Arabian Sea due to repair work at an offshore pipeline that transport gas to shore, a local daily says.

Jubilant Declares Commercial the Kathalchari Discovery in Tripura, India
Friday, April 11, 2014 Jubilant Energy declares commercial the Kathalchari discovery in Tripura block in Tripura state in northeast India's Assam-Arakan Basin.

Japan's Chubu, Mitsui in Energy Tie-ups With India Firms
Friday, January 24, 2014 Chubu Electric Power and Mitsui are set to sign memorandums of understanding with Indian firms to cooperate in the energy sector, industry sources say.

Exec: GAIL India in Talks to Buy Stake in Tanzania Assets of Ophir
Tuesday, December 03, 2013 GAIL India is in talks to buy a stake in the Tanzanian assets of British oil explorer Ophir Energy, the Indian company's marketing head says.

GAIL Keen to Acquire Stakes in 5 Blocks in Tanzania
Thursday, October 24, 2013 GAIL holds talks with Ophir Energy to acquire stakes in five blocks in Tanzania, according to a local media report.

Inpex to Buy 26% in India Offshore Exploration Block from ONGC
Monday, November 05, 2012 Inpex said it will acquire a 26% interest in exploration block KG-DWN-2004/6, offshore India, from Oil and Natural Gas Corp.

India to Allow Foreign Company Bids in Shale Gas Licensing Round
Wednesday, August 01, 2012 India will allow foreign companies to bid in its first round of shale-gas licensing, as part of efforts to fast-track exploration of unconventional resources.

ONGC, GAIL Confirm Cove Interest
Tuesday, February 28, 2012 ONGC and GAIL said they are mulling a rival bid for Mozambique-focused natural gas explorer Cove Energy, but have yet to decide whether to make a formal offer for the company.

Cheniere Subsidiary, GAIL Ink LNG Agreement
Monday, December 12, 2011 Cheniere Energy Partners has entered into a liquefied natural gas (LNG) sale and purchase agreement (SPA) with GAIL (India) Limited.

ONGC, GAIL Keen to Buy ExxonMobil Stake in Kazakh Oil Field
Wednesday, June 08, 2011 ONGC and GAIL are jointly planning to buy an 8.4% stake in the Kashagan oil field from Exxon Mobil for about $5B.

ONGC, GAIL, Petronet May Invest INR155B in Russia Gas Project - Report
Monday, May 30, 2011 ONGC, GAIL and Petronet LNG may form a consortium to invest INR155 billion for a 15% stake in a liquefied natural gas project in Russia.

HOEC, Eni Fire Up Production at PY-1 Offshore India
Monday, October 19, 2009 Hindustan Oil Exploration Company has started production from the PY-1 gas field, located offshore India's southern Tamilnadu province.

Papua New Guinea, India to Explore Cooperation in Energy
Monday, July 27, 2009 Papua New Guinea and India have agreed to pursue opportunities for cooperation in the hydrocarbon sector between the two countries.

Oilex Prepares Al Jumd Testing Program in Block 56
Wednesday, February 25, 2009 Oilex has advised that preparations for the Al Jumd-1 testing program are being finalized and operations are planned to commence on February 26, with the initial flow period planned to be completed around March 6-8.

Rolls-Royce Revs Up for GAIL's Indian Pipeline Extension
Monday, January 19, 2009 Rolls-Royce engines will power an extension to one of India's major gas pipelines in a deal with GAIL valued at more than $130 million.

Oilex Completes Drilling in Oman's Block 56 with Encouraging Results
Wednesday, January 14, 2009 Oilex's 4-well drilling program in Oman's Block 56 has been successfully completed with encouraging results from 3 wells, which have confirmed the oil potential of the Eastern Flank Salt Basin in the block.

Oilex Drills Extra 200 Meters of Horizontal Oil Pay at Oman's Sarha-2
Monday, October 13, 2008 The Sarha-2 well in Block 56, Oman, has completed drilling a horizontal well in the Sarha Field to a measured depth of 2,138 meters, giving an horizontal intersection of approximately 700 meters in the Al Khlata reservoir.

Indus Provides Operations, Financial Update
Monday, September 29, 2008 Indus provided an operations update and a summary of the unaudited combined financial information of its two subsidiary companies, iServices and Newbury Oil Co., for the period ended March 31, 2008.

Oilex Continues Drilling, Testing at Sarha, Cambay Wells
Tuesday, September 23, 2008 Oilex has advised that drilling and testing operations continue in India and Oman, and has issued an update with information concerning its Sarha and Cambay wells.

Oilex Resumes Drilling Ops in Oman, Continues Development in India
Tuesday, September 09, 2008 Oilex issued an operational update for its Sarha-2, Cambay-19Z and Cambay-73 wells. The Company reported that drilling operations have resumed in Oman and drilling and testing continues in India

India's GAIL, BPCL Ink New MoU Agreement
Thursday, July 24, 2008 GAIL and BPCL, two Indian firms, are moving to solidify previous tentative agreements between the two companies to better take advantage of mutually beneficial projects. These include city gas projects and further E&P work.

Bengal, Partners Snare Block in NELP VII
Wednesday, July 09, 2008 Avery has provided an update on its operations in India and Australia, and has announced that Bengal Energy, along with its two joint bidding partners, has received the NELP VII provisional award of Block CY-ONN-2005/1.

Oilex's India, Oman Operations on Schedule
Tuesday, April 29, 2008 Oilex advises that the Cambay-23Z well has been completed as a potential gas production well.

Oilex Discovers Oil Shows with Oman Drilling
Tuesday, January 22, 2008 Drilling on the Sarha-1 exploration well has reached TD of 1,890 meters in the Cambrian Huqf Formation. Oil shows and anomalous resistivity values were recorded within the Huqf carbonate sequence below 1,645 meters and will be further evaluated.

Oilex Hits Oil and Gas at Sarha-1 in Oman
Tuesday, January 15, 2008 The Sarha-1 exploration well, the first of three exploration wells that will be drilled by Oilex in a continuous sequence in the Block 56 Production Sharing Contract Area, Sultanate of Oman is drilling ahead in 81/2" hole below 1,673 meters.

GAIL Moves Ahead with Dabhol, Bangalore Pipeline
Tuesday, January 15, 2008 Depending on the source and customer tie up, the 30", 730 kilometer Dabhol-Bangalore gas pipeline will be designed to carry 16 MMSCD of gas and will need an investment of approximately Rs. 2500 crore.

Gail India and OIL to Bid Jointly for Exploration Blocks
Thursday, December 27, 2007 Gail India Ltd and OIL India Ltd signed a MoU for joint cooperation in various business areas, including jointly participating in NELP VII bidding round as well as the possibility of bidding jointly for overseas exploration blocks.

GAIL, Reliance in JV Talks for NELP VII Blocks
Monday, October 01, 2007 GAIL India Ltd. is in talks with Reliance Industries Ltd. on forming a 50:50 partnership to make exploration and production bids for new oil and gas blocks offered in NELP VII.

GAIL and ONGC Form Gas Joint Venture
Tuesday, July 24, 2007 Gail India Ltd and ONGC have signed a Memorandum of Understanding for to form a joint venture for monetizing the gas reserves discovered by ONGC in KG and Mahanadi basins.

Wood Group Makes Strategic Move into India
Thursday, April 12, 2007 John Wood Group PLC has bought out its former joint venture partner, Triune Projects Pvt Ltd,, to take 100% ownership of J P Kenny Triune Eng. Pvt Ltd, and has established a Group management company, renamed as Wood Group Engineering India Pvt Ltd.

Hardy Announces Prelim 2006 Results
Monday, April 02, 2007 Hardy Oil and Gas plc, which has interests in India and Nigeria, has announced its Preliminary Results for the year ended 31 December 2006

GAIL, Reliance to Team Up in Gas Sector
Friday, March 16, 2007 Gail India Ltd and Reliance Industries Ltd (RIL) on Thursday signed a Memorandum of Understanding (MoU) for cooperation in the gas sector.

GAIL Signs PSCs for 15 NELP VI Blocks
Friday, March 02, 2007 Gail India has signed Production Sharing Contracts (PSCs) for the 15 oil and gas exploration blocks that it won as a member of various consortiums during the NELP VI round of bidding.

Consortium Wins Blocks in CBM-III Bid Round
Tuesday, October 17, 2006 Gail India along with a consortium of Arrow Energy (India) Pty Ltd, the Company, EIG Energy Infrastructure Group A B Ltd have been awarded three CBM blocks under the recent 3rd Round of Coal Bed Methane bidding by the Government of India.

OVL Announces Gas Resources of Offshore Myanmar Blocks
Monday, August 21, 2006 ONGC Videsh Ltd. (OVL), along with other consortium partners of Blocks A-1 and A-3 in Myanmar offshore, have announced the Original Gas In-Place and Contingent Gas Resources (Recoverable Reserves) of the Shwe, Shwe Phyu and Mya fields.

Hardy Spuds Well in Bay of Bengal
Monday, July 24, 2006 Hardy Oil and Gas plc, which owns significant interests in India, said that its two-well drilling program on Block CY-OS/2 in the Cauvery Basin offshore the east coast of India has commenced.

ONGC and GAIL Ink Gas Supply Agreement
Friday, July 07, 2006 ONGC and GAIL have signed gas agreement for the supply of natural gas from ONGC fields.

Oilex Consortium Signs Deal for Block 56 in Oman
Thursday, June 29, 2006 An Oilex-led consortium has signed an exploration and production sharing agreement for Block 56 in Oman. Block 56 was the consortium's first choice block and the highest rated of the blocks on offer in the bid round that closed on January 1, 2006.

GAIL & Petrobras to Jointly Bid in NELP V
Thursday, June 29, 2006 GAIL (India) Limited and Petrobras will be partners during the forthcoming NELP VI licensing round in India.

Essar Constructions Wins Pipeline Contract form GAIL
Friday, May 26, 2006 Essar Constructions Limited and DQE International, China has been awarded a contract for laying high pressure gas pipeline for Gas Authority of India Limited (GAIL).