EOGEPL

Essar Oil and Gas Exploration & Production Ltd. is exploring its first post-restructuring fundraising initiative by considering a $275 million overseas bond issuance to fund expansion and refinance existing debt. Talks remain preliminary and non-bin...

Essar Group aims to invest Rs 30,000 crore in a green hydrogen plant in Jamnagar, Gujarat over the next four years. The focus will be on clean energy for growth. Plans include decarbonizing the UK oil refinery, building a green steel plant in Saudi ...

Essar’s current output of 0.9 million metric standard cubic meters a day (mmscmd) from Raniganj East block in West Bengal will rise to 2.3-2.4 mmscmd over the next 14-15 months, EOGEPL chief executive Pankaj Kalra said.

Ebitda grew over 205% on a year-on-year basis to approximately Rs 700 crores. "Ebitda margin saw a significant improvement of around 3100 basis points, reaching 77%, due to reduced operating costs and internal consumption," the company said in a pre...

Essar Oil and Gas Exploration and Production Ltd (EOGEPL), India's leading pioneering unconventional hydrocarbon player, on Thursday announced its collaboration with Sensia for the digitalisation of oil and gas field operations to enhance operationa...

Essar Oil & Gas which has so far invested Rs 5,000 crore in finding and producing gas from coal seams, called CBM, plans to invest an additional Rs 2,000 crore to enhance its reserve base and ramp up CBM production to contribute at least 5 per cent ...

Essar Oil and Gas Exploration and Production Ltd (EOGEPL) plans to invest an additional Rs 2,000 crore in its coal bed methane (CBM) project in Raniganj, West Bengal over the next 18-24 months. The funds will be invested in drilling 200 wells. The t...

The company has roped in globally renowned service providers and technical consultants to roll out a phased growth program to achieve these objectives. The program includes drilling of new directional and horizontal wells, and expeditious developmen...

The future ramp-up will be an integration of re-fracturing and revival of wells, alongside fresh technological applications, many of which will boast of its first time application in CBM in India, the company said.

“The unavoidable delay in the GAIL Urja Ganga trunk line caused numerous challenges for us. However, steady efforts and technological applications to ramp up gas production to double the production and cross 0.8 mmscmd has brought us back on track,”...

"The board of Essar Power Ltd, an investee company of Essar Global Fund (EGFL), has approved an investment of Rs 300 crore in a 90 megawatt (MW) PV Solar power plant in Madhya Pradesh, marking the fund's foray into renewable energy," CEO Kush Singh ...

The Memorandum of Understanding for collaboration provides for finding "an effective solution for various technological and operational challenges faced during CBM exploration and production," the company said in a statement.

The gas, produced from Raniganj east CBM block in West Bengal, has been supplied to Bengal Gas Companys (BGCL) Compressed Natural Gas (CNG) station in the city, EOGEPL said in a statement.

Finance Minister Nirmala Sitharaman in her fourth tranche of the economic package announced that commercial mining will be done on revenue sharing mechanism instead of the regime of fixed rupee/tonne.

Previously, companies could explore only oil and natural gas or CBM depending on their licence for the block.

Peak coal bed methane (CBM) production from Raniganj East block is envisaged at 2.3 million standard cubic metres per day.

ONGC sold gas from its Bokaro CBM block to a private industry, H N Roy, for USD 5.77 per MMBtu on a gross calorific value basis.

The CBM block located in West Bengal has already received funds to the tune of Rs 4,000 crore for drilling wells and developing infrastructure.