Essar Oil to Invest Up to Rs 3,000 cr in Raniganj CBM Block
Ruias-owned co aims to raise its contribution to India’s overall gas output to 5% within five years, says CEO Ruias-owned Essar Oil and Gas Exploration and Production will invest up to Rs 3,000 crore in its flagship coal bed methane (CBM) block in Raniganj, West Bengal to raise gas production, a senior company executive said. […]
Regulatory shift from energy efficiency to emission targets may drive innovation in oil and gas sector: Pankaj Kalra – CEO, EOGEPL
As economic activities ramp up and geopolitical dynamics shift, the demand for energy remains robust. In this evolving scenario, increase in natural gas in India’s energy mix to 15 percent is inevitable in achieving a greener future. An article by Pankaj Kalra – CEO of Essar Oil and Gas Exploration and Production Limited (EOGEPL) was […]
Essar Oil & Gas to triple capex to Rs 1,500 crore in FY25 to boost production
Essar Oil and Gas Exploration and Production Limited (EOGEPL) plans a threefold growth in capital expenditure to Rs 1,500 for 2024-25 (FY25) to achieve volume growth of 35 percent in the year, CEO Pankaj Kalra told Moneycontrol in an interview. The Essar group’s E&P or exploration and production company, which primarily looks at coal bed methane […]
Essar Oil & Gas Posts Record Q1 PAT
Kolkata: Essar Oil and Gas Exploration and Production (EOGEPL), one of the leading exploration & production (E&P) companies in India, has posted a profit after tax (PAT) of Rs 335 crore for year ending March 31, 2023. The company has CBM (coal bed methane) assets in West Bengal. It has also reported its highest fiscal […]
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 […]