Essar pumps Rs 5,500 cr in CBM project, output crosses 0.8 mmscmd
The company was previously handicapped by a lack of a pipeline to take the gas found below coal seams, called coal-bed methane or CBM, to users such as fertilizer plants but that hurdle has now been crossed with the commissioning of state-owned GAIL (India) Ltd’s Urja Ganga truck line. Essar Oil and Gas Exploration and […]
EOGEPL dispatches first CNG to Bengal gas and company for Kolkata
New Delhi: Essar Oil and Gas Exploration and Production Limited (EOGEPL), an investee company of Essar Capital, today announced it has dispatched the first Compressed Coal bed Methane (C-CBM) natural gas cascade truck for Bengal gas company’s maiden CNG station to be supplied by state-run gas major GAIL (India) Ltd. The C-CBM natural gas cascade truck was flagged […]
EOGEPL Q4 FY22 results: Revenue rises 118% YoY to Rs 148 crore
Mumbai, May 30 Essar Oil and Gas Exploration and Production Ltd (EOGEPL), India’s pioneering unconventional hydrocarbon (Coal Bed Methane) player, today reported 118 per cent jump in its revenue YoY at Rs 148 crore in the fourth quarter ended March 31, 2022. The company had posted a revenue of Rs 68 crore for the same […]
EOGEPL crosses the 0.8 mmscmd mark of gas production
Mumbai/Durgapur, June 7 Essar Oil and Gas Exploration and Production Ltd (EOGEPL), Indias pioneering unconventional hydrocarbon (Coal Bed Methane) player, announced crossing 0.8 mmscmd of gas production and is successfully marching towards the benchmark of 1.0 mmscmd post commissioning of the Urja Ganga Pipeline. EOGEPL was the first to cross the much anticipated threshold of […]
EOGEPL marches towards benchmark of 1.0 mmscmd post commissioning of Urja Ganga Pipeline
Essar Oil and Gas Exploration and Production Ltd (EOGEPL), India’s pioneering unconventional hydrocarbon (Coal Bed Methane) player, announced crossing 0.8 mmscmd of gas production and is successfully marching towards the benchmark of 1.0 mmscmd post commissioning of the Urja Ganga Pipeline. The company is also committed to contributing to Prime Minister Narendra Modi‘s vision of […]
Essar Oil & Gas Q3 Results: Net profit jumps 273% YoY
Essar Oil and Gas Exploration and Production Ltd (EOGEPL) on Monday reported record net profit and revenues for the third quarter ended December 31, 2022 after production doubled and company cut operating cost. Net profit at Rs 97 crore in October-December was a massive 273 per cent higher than Rs 26 crore net profit in […]
Essar hopeful of tripling gas output from CBM block within 24 months
Essar Oil and Gas Exploration and Production (EOGEPL), which has nearly doubled its gas production to 0.8 million metric standard cubic meters per day (mmscmd) over the last one year, is hopeful of touching 1.0 mmscmd by August-September this year. EOGEPL produces coal bed methane (CBM) from Raniganj East Block in West Bengal. The company […]
Essar Oil & Gas Exploration & Production achieves highest ever revenue and EBIDTA
Mumbai: Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a pioneer and a leader in unconventional hydrocarbon space, today announced their results for the quarter ending December 31, 2022. The company has reported its highest-ever quarterly revenue of Rs 219 crore in Q3 FY23, with 54% YoY growth. In the quarter ending December 31, […]
Essar Oil & Gas invests in microbial eCBM technology to boost output
Essar Oil and Gas Exploration and Production Ltd (EOGEPL) on Monday announced an investment in microbial eCBM technology to boost coal-bed methane (CBM) production from its CBM block in West Bengal. The company, which has so far invested Rs 5,000 crore in finding and producing gas from coal seams, called CBM, plans to invest an […]
Essar says for upstream investments to flow, it’s now or never
HIGHLIGHTS – Current energy prices well-suited to both producers, consumers – Eyes on new upstream blocks offered by the government – Accelerating capex spending due to attractive investment climate The S&P Global Commodity Insights India CEO Series is a compilation of exclusive interviews by Asia Energy Editor Sambit Mohanty with top government and industry leaders in India’s oil and […]