The Oil and Gas industry in India is dated back to the year in 1889, during the time when the first oil deposits in the country was discovered. Whereas the natural gas fields were discovered during the 1960s.
The Indian Oil and Gas Industry is among the most influential industries in India and impacts the economy of the country. The importance of this industry is increasing with the increase in demand for fuel and gas.
Both public and private sector companies are engaged in the exploration and production of oil and gas in India, which makes the availability of oil and gas easy.
The estimated crude oil reserves of 763.48 million tonnes and natural gas reserves of 1488.49 billion cubic meters. India ranks fourth in world’s top net crude exporter 2015 that accounts to 163 Mt.
At present, there are 18 listed oil & gas companies in India, f which ones with the higher market capitalisation has been listed in thhis article of Top 10 Oil & Gas Companies in India. Here, have a sneak peak at the listicle.
10. Deep Industries
Since its inception in the year 1991, Deep Industries has been catering the teeming demand of oil and gas industry in the country.
The company has diversified deeply in Exploration and Production vertical part from being a service provider to the sector at large.
Deep Industries has been in the forefront in the field of Exploration and Production segment. It also has been accoladed in India and abroad for its services, thus aptly justifying its rank in the tenth position in the list of Top 10 Oil & Gas Companies in India.
9. Aban Offshore
Founded in the year 1986, Aban Offshore is a listed company which has its heaquarters situated in Chennai. This company ranks ninth in the list of Top 10 Oil & Gas Companies in India.
Aban Offshore Limited and its subsidiaries are registered in Singapore. the group largely diversify itself as an entity that focuses on oil & natural gas pipeline construction.
The Aban Group was basically established international drilling contractor which today has a presence of its operational offices all around the world.
8. Gujarat Gas
This Indian gas distribution company was established in the 1980 and has its headquarters situated in Ahmedabad.
Gujarat Gas procures and distributes natural gas, whose majority stake in the company is held by BG Group. It supplies piped gas lines to over 3 lakh homes and industrial and commercial establishments across the state of Gujarat.
Gujarat Gas also own and operates dozens of CNG filling stations which are meant for natural gas vehicles.
7. Gujarat State Petro
Seventh in the list stands Guj State Petro, which is an oil and gas exploration company based in Gujarat.
This petrochemical company was established in the year 1979. Guj State Petro is one of a kind in ownership status, as it has major share holding of the state than the central government.
It was the first in the country to build land-based drilling platform at Hazira. Guj State Petro has also exploration activities in Egypt, Indonesia, Yemen, and Australia.
Indraprastha Gas Limited (IGL), is nation’s one of the leading natural gas distribution companies, which was established in the year 1998. The company primarily was started off as a JV between GAIL and Bharat Petroleum.
The company has its headquarters situated in New Delhi and has secured the sixth position in the list of Top 10 Oil & Gas companies in India.
IGL has accounted to supply piped natural gas to over 660,000 homes and over 1500 of industrial & commercial establishments in the National Capital Region.
5. Oil India Limited (OIL)
Winner of Multiple Awards, OIL has a presence in Russia, USA, Venezuela, Nigeria, Yemen, Myanmar and many other countries. OIL also performs Corporate Social Responsibility by contributing in sectors like Health, Education and Infrastructure etc.
4. Petronet LNG Limited
Fourth in this list is Petronet LNG Limited, a company formed in the year 1998 and is involved in the import of LNG in India.
Headquartered in New Delhi, Petronet LNG Limited has LNG terminals in Dahej (Gujarat) and Kochi (Kerala) and each of the terminal has a capacity of 5 MMTPA (Million Metric Tonnes Per Annum).
3. Cairn India Limited
Cairn India Limited is a company incorporated in the year 2007 and is engaged in the oil and gas production in the country. Cairn India Limited is a leading private oil and gas company in India and accounts for a significant share in crude oil production in the country.
Winner of Golden Peacock Award for Business Excellence, Cairn India Limited has oil refineries in Gujarat, Rajasthan and Andhra Pradesh and operates in countries like Sri Lanka and South Africa.
2. GAIL (India) Limited
Incorporated in the year 1984, GAIL (India) Limited is engaged in the production and transmission of Natural Gas, LPG, Petrochemicals and Liquid Hydrocarbons.
Winner of Best Performing Company, GAIL (India) Limited has a wide network of Natural Gas Pipelines of more than 10,000 km in India. Apart from India, GAIL (India) Limited has its operations in USA, Singapore, Egypt, China and Myanmar.
1. Oil and Natural Gas Corporation (ONGC)
First on this list is Oil and Natural Gas Corporation (ONGC) Limited, a leading oil and gas company founded in the year 1956 and accounts for the major share of oil and gas production in India. ONGC Limited is a premier Public Sector Undertaking (PSU) Enterprise, which since its inception has transformed this sector, by continuously increasing the production of oil and gas.
Winner of Multiple Awards, ONGC Limited is primarily engaged in exploration and production of oil and gas and presently operates in more than 15 countries across the world. ONGC Limited also performs Corporate Social Responsibility by contributing in sectors like Health Care, Environment, Water Management, etc.