India has not withdrawn from Vietnamese oil block: Minister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New Delhi, Aug 18 (IANS) India has not withdrawn from oil and gas exploration in a block in the South China Sea where China claims territorial rights over blocks originally ...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 |
First unit of ONGC’s Tripura project to generate power in September
July 9th, 2012 - 7:04 pm ICT by IANS
Agartala, July 9 (IANS) The first unit of ONGC-Tripura Power Coorporation's 726 MW gas-based power plant at Palatana in southern Tripura will start generation by September, officials said here Monday.ONGC ... Read more...
Posted in Uncategorized |
Infrastructure development key to energy security: FICCI
December 18th, 2011 - 1:49 pm ICT by IANS
New Delhi, Dec 18 (IANS) India needs to develop its infrastructure and increase production efficiency in the oil and gas sector to secure its long-term energy security, a ... Read more...
Posted in Business |
India’s interests growing in African oil, gas assets
September 4th, 2011 - 1:33 pm ICT by IANS
New Delhi, Sep 4 (IANS) Even though Sudan is the only African country where state-owned Indian companies have started extracting hydrocarbons, other countries in the continent are also showing promise, ... Read more...
Posted in Business |
Manmohan Singh welcomes Kazakhstan agreements
April 16th, 2011 - 4:57 pm ICT by IANS
Astana, April 16 (IANS) Prime Minister Manmohan Singh Saturday welcomed the seven pacts signed between India and Kazakhstan, saying they represented "solid and substantive outcomes" in sectors where the ... Read more...
Posted in Uncategorized |
Finally, India gets stake in Kazakh oil block
April 16th, 2011 - 4:03 pm ICT by IANS
Astana, April 16 (IANS) Energy-hungry India got a foothold in Kazakhstan's oil and gas assets Saturday with the signing of an agreement to buy a 25 percent stake in ... Read more...
Posted in World |
India to formulate policy to tap shale gas
March 11th, 2011 - 7:45 pm ICT by IANS
New Delhi, March 11 (IANS) India will identify areas that have the potential for shale gas, or hydrocrbons trapped in sedimentary rocks, and also formulate a policy soon to tap ... Read more...
Posted in Business |
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 |
RIL to buy 60 percent stake in US shale firm for $392 mn
August 5th, 2010 - 2:36 pm ICT by IANS
Mumbai, Aug 5 (IANS) India's largest private sector company Reliance Industries (RIL) Thursday said it will invest $392 million to acquire a 60 percent stake in the US-based Pioneer Natural Resources' shale ... Read more...
Posted in Business |
Reliance Industries buys US shale assets for $1.3 bn
June 24th, 2010 - 3:29 pm ICT by IANS
Mumbai, June 24 (IANS) Reliance Industries (RIL) Thursday said it will pay $1.3 billion for a 45 percent stake in US-based Pioneer Natural Resources' shale gas assets.
"Reliance will acquire a 45 percent ... Read more...
Posted in Business |
India drafting new regime to auction hydrocarbon assets: Secretary (Interview)
February 17th, 2010 - 1:34 pm ICT by IANS
By Arvind Padmanabhan and Murali Krishnan
New Delhi, Feb 17 (IANS) India is working on a new policy to auction hydrocarbon assets for exploring oil and gas reserves on a perpetual basis, with ... Read more...
Posted in Business |
OVL signs deal with Russian firm in oil and gas sector
December 9th, 2009 - 12:48 am ICT by IANS
New Delhi, Dec 8 (IANS) ONGC Videsh Ltd (OVL) has entered into an agreement with Russian group Sistema for cooperation in exploration and studying oil and gas assets in Russia and ... Read more...
Posted in Business |
India, Sudan ink deal on expanding energy ties
December 8th, 2009 - 11:39 pm ICT by IANS
New Delhi, Dec 8 (IANS) India and Sudan signed an agreement on expanding ties in the oil and gas sector on the last day of a two-day India-Africa Hydrocarbon conference Tuesday.
The ... Read more...
Posted in Business |
Suntera to exit Indian oil and gas assets
November 16th, 2009 - 10:53 pm ICT by IANS
New Delhi, Nov 16 (IANS) The Sun Group, which has extensive business interests in Africa, is likely to exit from all its oil and gas blocks in India, where it had acquired ... Read more...
Posted in Business |
Poor response to India’s auction of hydrocarbon assets (Lead)
October 12th, 2009 - 7:51 pm ICT by IANS
New Delhi, Oct 12 (IANS) India received bids for just 36 hydrocarbon blocks out of 70 on offer under the new round of auction, which the oil ministry admitted as being ... 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 |
Reliance gas price was not fixed at dinner table: Anil Ambani
July 28th, 2009 - 5:40 pm ICT by IANS
Mumbai, July 28 (IANS) Reliance Natural Resources chairman Anil Ambani Tuesday accused the petroleum ministry of being biased in the legal dispute with brother Mukesh Ambani-led Reliance Industries over the price of ... Read more...
Posted in Business |
India must look for oil assets overseas: CII
July 19th, 2009 - 11:40 am ICT by IANS
New Delhi, July 19 (IANS) As the oil price is below $100 per barrel in the international market right now, India should look at entering long-term crude oil contracts and acquiring oil ... Read more...
Posted in Business |
Key issues before ministers on economic policy matters
May 28th, 2009 - 11:16 pm ICT by IANS
New Delhi, May 28 (IANS) Following are some of the key policy issues expected to be addressed by the newly-inducted ministers in Prime Minister Manmohan Singh's government with economic portfolios:
Commerce and ... Read more...
Posted in Business |
ONGC gets cabinet go-ahead for Imperial acquisition bid
December 9th, 2008 - 10:40 pm ICT by IANS
Mumbai, Dec 9 (IANS) State-owned Oil and Natural Gas Corp (ONGC) Tuesday got the government's nod for its $2.6-billion bid for Russia-focused explorer Imperial Energy, a senior government official said."The company has ... Read more...
Posted in Business |
Russia not opposed to Imperial Energy acquisition
November 25th, 2008 - 7:14 pm ICT by IANS
New Delhi, Nov 25 (IANS) Russian Energy Minister Sergey Shmatko Tuesday said his government was not opposed to the acquisition of Imperial Energy by ONGC Videsh Ltd, the overseas arm of Oil ... Read more...
Posted in Business |
ONGC Videsh has no information from Russia on Imperial
November 7th, 2008 - 8:21 pm ICT by IANS
New Delhi, Nov 7 (IANS) ONGC Videsh Ltd (OVL), the overseas exploration arm of Oil and Natural Gas Corp, has not yet received any information from Russian authorities on the status of ... Read more...
Posted in Business |
Bahrain non-oil investment firm posts $651.9 mn net income
September 24th, 2008 - 2:58 pm ICT by IANS
Dubai, Sep 24 (IANS) Mumtalakat, the investment company of the Bahrain government, has announced that it posted net income of 245.8 million Bahraini dinars ($651.9 million) from the time it was formed ... Read more...
Posted in World |
New technologies necessary to conserve energy: Deora
July 9th, 2008 - 8:34 pm ICT by IANS
New Delhi, July 9 (IANS) Petroleum and Natural Gas Minister Murli Deora Wednesday called for deploying new technologies to efficiently utilize and conserve the country's hydrocarbon resources. Speaking at the launch of ... Read more...
Posted in Business |
Steps being taken to enhance India’s energy security, says Deora
April 5th, 2008 - 5:33 pm ICT by admin
Mumbai, Apr.5 (ANI): Petroleum and Natural Gas Minister Murli Deora on Saturday said that the government and oil companies have taken steps to enhance energy security for the country.
Speaking at a ... Read more...
Posted in National |
Development of capital goods needed in oil and gas sector: minister
April 5th, 2008 - 4:39 pm ICT by admin
Mumbai, April 5 (IANS) The Indian petrochemicals sector still lags behind in the manufacturing of capital goods required for the exploration and production of refined gas, said Union Petroleum Minister Murli Deora. ... Read more...
Posted in Business |