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 […]
Essar Oil & Gas Exploration profit at Rs 334 crore in FY23
NEW DELHI: Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a leader in unconventional hydrocarbon space, on Monday posted a net profit of Rs 335 crore for the year ending March 31, 2023. The company reported revenue of Rs 900 crore, its highest, during the period under review, projecting a growth of about 1.8 […]
Essar Oil & Gas plans to consolidate its position in Raniganj CBM block
Essar Oil and Gas Exploration and Production Limited plans to consolidate its position as one of the largest unconventional hydrocarbon players at Ranigunj coal bed methane (CBM) block in West Bengal, a spokesperson of the company said on Monday. The company had already invested around Rs 5,000 crore in exploration and commercial development of the […]
Galilee Energy signs collaboration agreement with India’s Essar
Australian oil and gas exploration company Galilee Energy has signed a non-binding memorandum of understanding (MoU) with India’s Essar Exploration and Production (Essar). Essar owns Essar Oil and Gas Exploration and Production, which holds unconventional hydrocarbon assets in India. The goal of the MoU is to explore joint venture opportunities in each company’s coal seam gas (CSG) […]
Essar Oil, Sensia tie up for digitalisation of oil, gas field ops
New Delhi: Essar Oil and Gas Exploration and Production Ltd (EOGEPL) on Thursday announced a strategic partnership with Sensia, a digitalization solutions provider, to unify measurement systems, optimise decision-making and enable remote control of critical parameters across its wells, facilities and customer interface. EOGEPL, which produces gas from coal seams (called coal-bed methane), will deploy […]
INDIA CEO SERIES: Essar says for upstream investments to flow, it’s now or never
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 gas sector. Get insights on how those companies are planning to strike a balance between traditional and new businesses at a time when energy transition is changing the industry’s […]
Essar Oil and Gas to invest in microbial eCBM tech to boost coal bed methane output
Essar Oil and Gas Exploration and Production (EOGEPL) is planning to invest ₹2,000 crore more to boost its reserve base, ramp up coal-bed methane production, and implementation of microbial eCBM technology. The company aims to contribute at least 5 per cent to India’s total gas production in the future through its initiatives. The investment is […]