Oil & Gas
IGX Gas Trade Volume Rises 326% Year-on-Year to 13.28 Million MMBtu in October
The exchange recorded 221 trades during the month, while its benchmark GIXI price fell 8.89% from September to Rs 2,471 per MMBtu.
Editorial Staff•Nov 6, 2026
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Comprehensive reporting, policy decisions, capital expenditure, and strategic governance updates for oil & gas.
The exchange recorded 221 trades during the month, while its benchmark GIXI price fell 8.89% from September to Rs 2,471 per MMBtu.
The discovery, made in the first well drilled under the Samudra Manthan campaign in the basin, has shown encouraging gas flow and reservoir pressure.
The facility is expected to strengthen domestic PTA production, support polyester-based industries and reduce India's dependence on imports.
The company received the ‘Most Honoured Company’ title, while its MD & CEO, CFO and Investor Relations professional were recognised in individual categories.
The company has drilled geothermal wells in the high-altitude region and is also exploring the use of existing wells in Ankleshwar for geothermal applications.
Deepali Masirkar, a 2008-batch IPS officer, has assumed charge as Executive Director – Chief Security at ONGC, bringing extensive experience in policing, security administration and governance.
Oil India Limited has discovered natural gas in the KG Basin’s Matsyapuri formation, with testing recording peak gas flow of 2 lakh SCMD and condensate output of 170 BOPD.
The ACC has approved a three-year combined tenure for the ONGC Executive Director, with his appointment taking effect on or after 7 December, 2026.
