oil blocks

Brazil to auction new oil blocks in 2013


September 20th, 2012 - 12:11 pm ICT by IANS
Brasilia, Sep 20 (IANS/EFE) Brazil is planning an auction of new oil and gas exploration and production blocks for May 2013, although that long-delayed round will depend on prior approval ... Read more...

Posted in Business |

Government to set up board for project clearance


July 19th, 2012 - 6:42 pm ICT by IANS
New Delhi, July 19 (IANS) The government will soon set up a board to review and give one-time clearance for projects, including security clearance, the Prime Minister's Office said Thursday.The ... Read more...

Posted in Business |

New policy for faster acquisition of overseas mineral assets


October 13th, 2011 - 4:06 pm ICT by IANS
New Delhi, Oct 13 (IANS) India has decided to consider a sovereign wealth fund to assist its state-run units acquire oil and mineral assets and related raw material abroad ... Read more...

Posted in World |

India, China should handle Vietnam oil issue with sensitivity: Chinese analyst


September 26th, 2011 - 10:40 am ICT by IANS
Sanya (China), Sep 26 (IANS) India's recent oil deals with Vietnam in South China Sea, a disputed territory, has created a "negative impact" in China and the issue needs to ... Read more...

Posted in World |

Government gives nod for Reliance Industries-BP deal


July 22nd, 2011 - 8:28 pm ICT by IANS
New Delhi, July 22 (IANS) The central government Friday gave its go-ahead to global energy major BP buying 30 percent stake in some of the oil and gas blocks held ... Read more...

Posted in Business |

6 mn tonnes coking coal from Australia by 2015: Gujarat NRE


May 23rd, 2011 - 5:54 pm ICT by IANS
Kolkata, May 23 (IANS) Gujarat NRE Coking Coal Limited, the Australian coking coal mining arm of Gujarat NRE Coke Ltd, will produce six million tonnes of coking coal by 2015, ... Read more...

Posted in Business |

Cairn-Vedanta deal a complex issue, says Sharma


April 8th, 2011 - 8:14 pm ICT by IANS
New Delhi, April 8 (IANS) The $9.6 billion Cairn-Vedanta deal is delayed because it is a complex issue involving scarce national resources and it should not be seen as ... Read more...

Posted in Business |

Group of Ministers to examine Cairn-Vedanta deal


April 6th, 2011 - 10:12 pm ICT by IANS
New Delhi, April 6 (IANS) A group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee will examine the $9.6 billion Cairn-Vedanta deal as the union cabinet failed to ... Read more...

Posted in Business |

BP to buy 30 percent stake in RIL oil blocks for $7.2 bn


February 21st, 2011 - 7:10 pm ICT by IANS
New Delhi, Feb 21 (IANS) Mukesh Ambani-led Reliance Industries (RIL) Monday said that London-based global energy major BP was buying a 30-percent stake in 23 of its oil and gas blocks for ... Read more...

Posted in Business |

ONGC’s interest to be fully protected: Deora


October 27th, 2010 - 5:41 pm ICT by IANS
New Delhi, Oct 27 (IANS) The government will "fully protect" the interest of state-run ONGC while considering the application for acquisition of Cairn India by the Vedanta Group, Petroleum Minister Murli Deora ... Read more...

Posted in Business |

ONGC says its approval needed for Cairn-Vedanta deal


October 21st, 2010 - 8:39 pm ICT by IANS
Mumbai, Oct 21 (IANS) State-run Indian oil and gas explorer ONGC Thursday said its approval is required if a proposed sale of Cairn Energy's Indian unit to Vedanta Resources has to go ... Read more...

Posted in Business |

New oil blocks up for auction with no more tax breaks


October 15th, 2010 - 2:31 pm ICT by IANS
New Delhi, Oct 15 (IANS) India Friday launched the ninth round of auction of its hydrocarbon assets for 34 blocks, including eight deep water ones, but removed the tax exemptions given to ... Read more...

Posted in Business |

OVL records highest production from foreign assets


August 19th, 2010 - 11:46 pm ICT by IANS
New Delhi, Aug 19 (IANS) The overseas arm of state-run ONGC Ltd has reported its highest-ever production of over 8 million tonnes from its foreign hydrocarbon assets last year, parliament was informed ... Read more...

Posted in Business |

Indian firms to increase oil production in Venezuela


May 6th, 2010 - 12:20 am ICT by IANS
New Delhi, May 5 (IANS) India Wednesday told Venezuela that Indian companies would be increasing production from oil fields in the Latin American country that could be sent for further processing in ... Read more...

Posted in Business |

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 |

India, Bangladesh to discuss maritime dispute


January 8th, 2010 - 10:38 pm ICT by IANS
New Delhi, Jan 8 (IANS) Resolution of the maritime boundary dispute will be an important item on their summit agenda when Prime Minister Manmohan Singh holds talks with his Bangladesh counterpart ... Read more...

Posted in Uncategorized |

Colombian firm buys 20 percent stake in RIL blocks (Superseding earlier story)


December 4th, 2009 - 5:18 pm ICT by IANS
Mumbai, Dec 4 (IANS) Colombia's state-run energy firm Ecopetrol has bought a 20 percent stake in two deepwater oil blocks being explored by Reliance Industries Ltd (RIL), the Indian company said Friday. Reliance ... Read more...

Posted in Business |

Columbian firm buys 20 percent stake in RIL blocks


December 4th, 2009 - 5:03 pm ICT by IANS
Mumbai, Dec 4 (IANS) Columbia's state-run energy firm Ecopetrol has bought a 20 percent stake in two deepwater oil blocks being explored by Reliance Industries Ltd (RIL), the Indian company said Friday. Reliance ... Read more...

Posted in Business |

ONGC wins most blocks in hydrocarbon auction


October 12th, 2009 - 10:27 pm ICT by IANS
New Delhi, Oct 12 (IANS) State-run Oil and Natural Gas Corp (ONGC) has bagged 13 blocks in the latest round of auction of hydrocarbon assets, which saw only about half of the ... Read more...

Posted in Business |

Sri Lanka, Reliance Industries in oil exploration talks


September 14th, 2009 - 8:22 pm ICT by IANS
New Delhi, Sep 14 (IANS) The Mukesh Ambani-led Reliance Industries is in talks with the Sri Lankan government for exploring oil in the island country. The government is "in talks with Reliance for ... 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 |

India, Australian state sign MoU in oil and gas


July 15th, 2008 - 8:19 pm ICT by IANS
New Delhi, July 15 (IANS) As Indian firms eye Australian oil assets, India has signed a bilateral agreement with Western Australia for cooperation in the oil and gas sector. An Australian delegation ... Read more...

Posted in Business |

ONGC Videsh seeks to look for oil in Angola


July 4th, 2008 - 9:52 pm ICT by IANS
New Delhi, July 4 (IANS) ONGC Videsh Ltd (OVL) wants to ally with Angola's national oil company Sonongal to jointly bid for offshore exploration in that country, the government said here Friday. ... Read more...

Posted in Business |

OVL gets green signal to invest in Brazil, Trinidad and Tobago


June 26th, 2008 - 7:55 pm ICT by IANS
New Delhi, June 26 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Thursday approved a $437 million investment by the state-run overseas exploration body ONGC Videsh Limited in offshore oil blocks in ... Read more...

Posted in Business |

Gaddafi, Mubarak to skip India-Africa summit


April 1st, 2008 - 5:50 pm ICT by admin
By Manish Chand New Delhi, April 1 (IANS) Libya's charismatic leader Muammar Gaddafi and Egyptian President Hosni Mubarak will be missing from the first-ever India-Africa Forum Summit, beginning here April 8, that is ... Read more...

Posted in Uncategorized |

Subscribe