exploration blocks

Government inks production sharing contract for 5th oil block


September 10th, 2012 - 6:59 pm ICT by IANS
New Delhi, Sep 10 (IANS) The government Monday signed a production sharing contract (PSC) for the fifth oil block it had awarded on Aug 28, 2012."PSC for the block (MB-DWN-2010/1) ... Read more...

Posted in Business |

CAG critical of ONGC exploration performance


August 28th, 2012 - 6:05 pm ICT by IANS
New Delhi, Aug 28 (IANS) India's official auditor has hauled up public sector Oil and Natural Gas Corp. (ONGC) for inefficiency in its oil and gas exploration performance."ONGC did not place ... Read more...

Posted in Business |

India has not withdrawn from Vietnamese oil block: Minister


August 18th, 2012 - 6:15 pm ICT by IANS
New Delhi, Aug 18 (IANS) India has not withdrawn from oil and gas exploration in a block in the South China Sea where China claims territorial rights over blocks originally ... Read more...

Posted in Business |

Cairn India and PetroSA deal on oil exploration in South Africa


August 16th, 2012 - 10:17 pm ICT by IANS
New Delhi, Aug 16 (IANS) Oil and gas producer Cairn India Thursday signed a farm-in agreement with PetroSA, South Africa's national oil company, for crude oil and natural gas exploration ... Read more...

Posted in Business |

Iraq signs gas deal with Pakistani energy firm


July 16th, 2012 - 6:02 am ICT by IANS
Baghdad, July 16 (IANS) Iraq has signed a deal with a Pakistani energy company to explore for natural gas in eastern Iraq, Xinhua reported."The Iraqi oil ministry is signing a ... Read more...

Posted in South Asia |

ONGC Videsh inks deal with PetroVietnam


October 12th, 2011 - 4:24 pm ICT by IANS
New Delhi, Oct 12 (IANS) ONGC Videsh Limited, the overseas arm of the government-run Oil and Natural Gas Corporation, Wednesday signed an agreement with Vietnam Oil and Gas Group ... Read more...

Posted in Business |

Sri lanka finds first gas field off Mannar


October 3rd, 2011 - 4:14 pm ICT by IANS
Colombo, Oct 3 (IANS) Cairn India has discovered Sri Lanka's first gas field off its northwestern coast in the Sea of Mannar, Xinhua reported.President Mahinda Rajapaksa announced the discovery at ... Read more...

Posted in Business |

Bidders response to India’s new oil, gas blocks was satisfactory: Jaipal Reddy


March 28th, 2011 - 10:25 pm ICT by ANI
New Delhi, Mar 28 (ANI): Union Petroleum and Natural Gas Minister Jaipal Reddy on Monday said the bidders response to the country's new oil and gas blocks has been more than satisfactory ... Read more...

Posted in National |

PM calls for appropriate utilisation of technology in oil exploration, refinery


February 19th, 2011 - 9:37 pm ICT by ANI
Sibsagar (Assam), Feb 19 (ANI): Emphasising that the UPA Government has an enduring commitment to the development of Assam and the North East, the Prime Minister, Dr. Manmohan Singh, on Saturday ... Read more...

Posted in National |

Nigeria positive on Indian plea for raising crude supply


November 3rd, 2010 - 10:53 pm ICT by IANS
New Delhi, Nov 3 (IANS) Nigeria has responded positively to India's request for increased crude supply from the African nation.Petroleum and Natural Gas Minister Murli Deora had put forth India's request in ... Read more...

Posted in Business |

India holds bilateral talks with Nigeria, Sri Lanka, Canada


November 3rd, 2010 - 7:44 pm ICT by ANI
New Delhi, Nov.2 (ANI): India here on Wednesday held bilateral discussions with delegations of Nigeria, Sri Lanka and Canada, on the occasion of Petrotech 2010, and sought an increased cooperation in Hydro ... Read more...

Posted in National |

India, Angola to speed up petroleum sector cooperation


October 31st, 2010 - 10:24 pm ICT by IANS
New Delhi, Oct 31 (IANS) Petroleum Minister Murli Deora and his Angolan counterpart Jose Maria Botelho de Vasconcelos Sunday agreed to sign a memorium of understanding (MoU) that will speed up cooperation ... Read more...

Posted in Business |

India seeks higher crude oil supplies from Angola


October 31st, 2010 - 9:24 pm ICT by ANI
New Delhi, Oct.31 (ANI): India sought more crude oil supply from Angola on term contract during a bilateral meet of Petroleum Minister Murli Deora and his Angolan counterpart Jose Maria Botelho de ... Read more...

Posted in National |

India keen to invest more in Sudan’s oil sector


October 30th, 2010 - 10:04 pm ICT by IANS
New Delhi, Oct 30 (IANS) India Saturday expressed keenness to invest in the oil sector of the north african state of Sudan and the latter offered to increase the supply of its ... Read more...

Posted in Business |

India keen to invest in Sudan’s oil projects


October 30th, 2010 - 9:16 pm ICT by ANI
New Delhi, Oct.30 (ANI): India and Sudan on Saturday expressed their desire to expand their cooperation in the oil and gas sector.The two countries, following a bilateral meet held today, decided to ... Read more...

Posted in National |

Murli Deora expects India and US collaborate in shale gas exploration


October 18th, 2010 - 10:36 pm ICT by ANI
Mumbai, Oct.18 (ANI): Union Minister of Petroleum and Natural Gas Murli Deora said here today that the country is planning to enter a Memorandum of Understanding (MoU) with the United States ... Read more...

Posted in National |

India to offer 34 oil, gas blocks for auction


October 8th, 2010 - 11:33 pm ICT by IANS
New Delhi, Oct 8 (IANS) India will offer 34 blocks in the forthcoming auction of oil and gas assets, Petroleum Minister Murli Deora said in London Friday."Under the ninth round of NELP ... Read more...

Posted in Business |

Vedanta-Cairn deal depends on shareholders approval: Khurshid


August 25th, 2010 - 10:20 pm ICT by IANS
New Delhi, Aug 25 (IANS) Corporate Affairs Minister Salman Khurshid said Wednesday the government will not have any problem with London-based Vedanta Resources acquiring Cairn India, if shareholders of the upstream oil ... Read more...

Posted in Business |

Energy high on India-Myanmar talks agenda


July 26th, 2010 - 7:51 pm ICT by IANS
New Delhi, July 26 (IANS) With India's growing stake in neighbouring Myanmar's gas fields, energy security will be high on the agenda of talks when Myanmar ruler General Than Shwe meets ... Read more...

Posted in Business |

Cabinet awards coal-bed methane gas blocks


June 24th, 2010 - 11:17 pm ICT by IANS
New Delhi, June 24 (IANS) The Cabinet Committee of Economic Affairs Thursday approved the awarding of seven exploration blocks for coal-bed methane gas blocks, with half going to Essar Oil. Coalbed methane (CBM) ... Read more...

Posted in Business |

India scouts for investment in energy in Mexico summit


March 31st, 2010 - 10:00 pm ICT by IANS
New Delhi, March 31 (IANS) India is scouting for energy supplies and investment opportunities from countries like the US, Kuwait and Indonesia at the International Energy Forum in Mexico currently under way. India's ... Read more...

Posted in Business |

ONGC-Videsh favours joint exploration with Russian firms


March 20th, 2010 - 7:27 pm ICT by IANS
Chennai, March 20 (IANS) State-run overseas oil and gas exploration company ONGC Videsh Ltd (OVL) wants to bid jointly with Russian companies for hydro-carbon projects in that country, a top government official ... Read more...

Posted in Business |

Colombia’s oil exports total over $10 bn in 2009


March 4th, 2010 - 11:58 am ICT by IANS
Bogota, March 4 (IANS/EFE) Colombia's oil exports rose to $10.27 billion last year, accounting for just over one-third of total foreign trade, the energy and mines ministry said in a report. Foreign direct ... Read more...

Posted in Business |

Brazilian firm announces new oil finds


February 2nd, 2010 - 2:49 pm ICT by IANS
Rio de Janeiro, Feb 2 (IANS/EFE) Brazilian independent oil company OGX has said it found hydrocarbons in a block it controls in the Campos basin, off Brazil's coast. A 46-meter column of hydrocarbons ... Read more...

Posted in Business |

India, Angola agree for cooperation in hydrocarbon sector


January 27th, 2010 - 8:32 pm ICT by ANI
Luanda (Angola), Jan 27(ANI): India and Angola on Wednesday said that the two countries will enter into Memorandum of Understanding (MoU) to provide an overarching framework for cooperation in the hydrocarbon sector. ... Read more...

Posted in World |

India, Angola to sign deal on hydrocarbon sector


January 27th, 2010 - 8:03 pm ICT by IANS
New Delhi, Jan 27 (IANS) India's ONGC Videsh Ltd (OVL) Wednesday signed a deal with Angola's national oil company, Sonangol, for cooperation in exploration even as both countries agreed to work towards ... Read more...

Posted in World |

India asks Nigeria for more crude


January 26th, 2010 - 10:34 pm ICT by IANS
New Delhi, Jan 26 (IANS) India has asked Nigeria for more help in procuring crude, even as it promised to resolve outstanding issues related to its existing oil blocks. Petroleum and Natural Gas ... Read more...

Posted in Business |

Brazilian firm announces oil find


December 29th, 2009 - 12:35 pm ICT by IANS
Rio de Janeiro, Dec 29 (IANS/EFE) Brazilian oil company OGX has said it found a new presence of hydrocarbons in a well in shallow waters of the Campos basin, off the coast ... Read more...

Posted in Business |

ONGC planning to build refinery in Nigeria


December 7th, 2009 - 11:22 pm ICT by IANS
New Delhi, Dec 7 (IANS) ONGC Videsh Ltd, the overseas arm of India's state-run oil exploration major Oil and Natural Gas Corp (ONGC), is planning to set up a greenfield refinery in ... Read more...

Posted in Business |

Hydrocarbon regulator repeats views on Ambani spat (Lead)


October 1st, 2009 - 8:36 pm ICT by IANS
New Delhi, Oct 1 (IANS) The public spat and litigation between the Ambani brothers could adversely affect the sentiments of foreign companies interested in investing in India's oil and gas exploration, the ... Read more...

Posted in Business |

Oil exploration blocks to be finalised by December


September 8th, 2009 - 10:41 pm ICT by IANS
New Delhi, Sep 8 (IANS) India will finalise exploration blocks in the eighth round of auction of hydrocarbon assets by December, Petroleum and Natural Minister Murli Deora said Tuesday. The minister was speaking ... Read more...

Posted in Business |

Oil India to start drilling in Libya from October


September 2nd, 2009 - 10:30 pm ICT by IANS
Kolkata, Sep 2 (IANS) State-run energy explorer Oil India Ltd (OIL) will start drilling oil blocks in Libya from October for exploring an estimated two trillion cubic metres of reserves, a top ... Read more...

Posted in Business |

Oil ministry policy keeping investors at bay: Anil Ambani Group


August 20th, 2009 - 8:10 pm ICT by IANS
Mumbai, Aug 20 (IANS) The Anil Dhirubhai Ambani group Thursday accused the petroleum ministry of failing to attract foreign investment in the auctions for oil and natural gas exploration blocks in the ... Read more...

Posted in Business |

Andhra Pradesh floats joint venture to enter oil and gas sector


August 19th, 2009 - 5:04 pm ICT by IANS
Hyderabad, Aug 19 (IANS) The Andhra Pradesh government has floated an exploration company to commercially tap the hydrocarbon resources in the Krishna-Godavari (KG) basin off its coast. The company, Andhra Pradesh Gas Infrastructure ... Read more...

Posted in Business |

NRE to issue bonus shares to non-promoters


August 10th, 2009 - 4:33 pm ICT by IBNS
Ahmedabad, Aug 10 (IBNS) Gujarat NRE Mineral Resources Limited (GNMRL), an associate of Gujarat NRE Coke Limited, (GNCL) will issue of bonus shares in the ratio of one equity share for every ... Read more...

Posted in Business |

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