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Preview: Oil & Gas-Energy-News By Industry-News-The Economic Times

Oil & Gas-Energy-Industry-The Economic Times

The Economic Times: Latest business, finance, markets, stocks, company news from India.

Last Build Date: Wed, 26 Oct 2016 19:26:14 GMT

Copyright: Copyright:(C)2016 Bennett Coleman & Co. Ltd,

Iran gives ultimatum to ONGC Videsh Ltd on gas field development

Wed, 26 Oct 2016 12:06:39 GMT

(image) Iran is reportedly unhappy with the $10 billion plan submitted by OVL,), for development of the 12.5 trillion cubic feet reserves in Farzad-B field.

ONGC's aggressive plan to explore more gas in Tripura

Wed, 26 Oct 2016 08:24:54 GMT

(image) The company earlier this month hired the Chinese rig for Rs 9.5 lakh per day. The truck-mounted rig can drill up to 3,500 metres.

Government wins $1 billion price dispute with Reliance Industries Ltd, British Gas, ONGC

Tue, 25 Oct 2016 18:34:20 GMT

(image) While the govt and the companies have not revealed the financial implications of the award, the disputed amount is widely expected to be in the range of $1bn.

Safety concerns loom over LPG scheme for BPL homes

Mon, 24 Oct 2016 19:20:04 GMT

(image) The protest has been triggered by a recent incident in Saharanpur, Uttar Pradesh, where an entire Ujjwala beneficiary family perished after an LPG leakage.

ONGC to discuss bonus issue on Thursday to up liquidity

Mon, 24 Oct 2016 11:04:41 GMT

(image) Issuing bonus shares increases the issued share capital of the company, which is then perceived as being bigger than it really is, making it more attractive to investors.

Adani Petronet gets green nod for Rs 464 crore Dahej port expansion

Mon, 24 Oct 2016 10:31:13 GMT

(image) The company should ensure there is no damage to the existing mangroves patches near site and there is free flow of water to avoid damage to the mangroves.

Government framing policy for contract extension of oil & gas blocks

Sun, 23 Oct 2016 19:07:50 GMT

(image) Cairn India is seeking to extend the contract to operate the oil and gas block in Barmer, Rajasthan, by 10 yrs after the initial 20-yr agreement runs out in 2020.

Reliance forays into LPG retailing

Sun, 23 Oct 2016 06:09:52 GMT

(image) Currently, public sector retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum control retail LPG market, selling cooking gas in 5-kg, 14.2-kg and 19-kg cylinders.

Ruias seek tax exemption for Rosneft deal

Wed, 19 Oct 2016 19:35:08 GMT

(image) Essar sought withholding tax exemption from the Mumbai tax department about two weeks ago, even before the deal was announced on October 15.

Rosneft, BP entry may fuel retail competition in India

Wed, 19 Oct 2016 19:28:44 GMT

(image) BP Plc has just received a license to set up 3,500 pumps, while Rosneft will inherit 2,700 retail outlets following a deal to acquire Essar Oil.

Competition Commission of India orders probe against GAIL

Wed, 19 Oct 2016 13:05:00 GMT

(image) The complained against GAIL was filed by Rico Auto and Omax Autos, both engaged in the business of auto parts manufacturing.

Government seeks putting Cairn arbitration on hold

Wed, 19 Oct 2016 07:30:34 GMT

(image) Cairn Energy and Vedanta, which had bought Cairn India from the Scottish firm in 2011, had initiated separate arbitrations against the tax demands.

Government pushes back deadline for small oil & gas field auction

Tue, 18 Oct 2016 12:30:44 GMT

(image) For bidders to make decisions, more data particularly about size of reserves are required and making that available will require extending the deadline, they said.

Russia's UCP says plans to keep Essar Oil stake for 3-5 years

Tue, 18 Oct 2016 08:52:48 GMT

(image) UCP and its partner Trafigura signed an agreement on Saturday to buy a 49 percent stake in Essar Oil, which includes a 400,000 barrels per day.

Rosneft deal to open new oil routes for India

Tue, 18 Oct 2016 07:28:03 GMT

(image) Rosneft, the world's largest publicly traded oil company , and two other investors on Saturday bought 98% of Essar Oil's 20 million-tonne-per-annum refinery