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

GAIL in SPV talks with oil majors

Fri, 06 Nov 2009 21:03:35 GMT

GAIL India has started talks with public and private sector oil companies, such as ONGC, Oil India, HPCL, Reliance Industries and Essar Oil, to set up a special purpose vehicle (SPV) for developing an integrated refinery and petrochemicals plant in India and overseas markets. GAIL in SPV talks with oil majorsGAIL in SPV talks with oil majors

KG row: Fresh hearings begin in apex court

Thu, 05 Nov 2009 20:27:01 GMT

The Supreme Court on Thursday began a fresh set of hearings in the legal dispute between the Ambani brothers over gas supply from the KG basin. KG row: Fresh hearings begin in apex courtKG row: Fresh hearings begin in apex court

IOC expects to double investments in R&D

Thu, 05 Nov 2009 16:42:20 GMT

State-run Indian Oil Corp (IOC) expects to double investments on its Research and Development incentives in order to develop newer technologies, a top company official said. IOC expects to double investments in R&DIOC expects to double investments in R&D

SC begins hearing Reliance gas dispute case afresh

Thu, 05 Nov 2009 09:46:05 GMT

RIL counsel harish Salve submitted a 25-page-long note detailing the genesis of the dispute to the bench. What are the Ambanis fighting for? | Gas row: Full Coverage

SC begins hearing Reliance gas dispute case afreshSC begins hearing Reliance gas dispute case afresh

Life getting back on track as IOC fire abates

Thu, 05 Nov 2009 07:32:31 GMT

With electricity being restored to most areas and people returning home, life in Sitapura near this Rajasthan capital was Thursday returning to normal as the fire at the Indian Oil Corp (IOC) depot abated with only one of the 11 tanks ablaze. Life getting back on track as IOC fire abatesLife getting back on track as IOC fire abates

RIL becomes 1st private firm to buy Cairn crude

Wed, 04 Nov 2009 23:31:54 GMT

Mukesh Ambani's Reliance Industries Ltd is going to be the first private refiner in the country to process domestic crude. RIL becomes 1st private firm to buy Cairn crudeRIL becomes 1st private firm to buy Cairn crude

RIL gets 2-weeks time to amend statement in case against NTPC

Wed, 04 Nov 2009 22:25:24 GMT

The Bombay High Court on Wednesday granted two weeks to Mukesh Ambani-owned Reliance Industries (RIL) to amend its written statement in a dispute with the government-owned NTPC over gas prices. RIL gets 2-weeks time to amend statement in case against NTPCRIL gets 2-weeks time to amend statement in case against NTPC

Judge's recusal triggers fresh Ambani spat

Wed, 04 Nov 2009 21:15:46 GMT

The Supreme Court found itself in the middle of a dramatic and unprecedented controversy, after a judge recused himself from the legal battle between the Ambani brothers. Judge's recusal triggers fresh Ambani spatJudge's recusal triggers fresh Ambani spat

Oil bonds likely for PSUs in Dec

Wed, 04 Nov 2009 19:22:17 GMT

The government may issue oil bonds to state-owned oil companies IOC, BPCL and HPCL by the end of December 2009 to compensate them for selling petrol, diesel, kerosene and cooking gas below the cost in the first half of 2009-10.Oil bonds likely for PSUs in DecOil bonds likely for PSUs in Dec

RIL unaware of association between judge's daughter, AZB

Wed, 04 Nov 2009 15:05:40 GMT

RIL in its statement said it was "neither aware nor solicitors firm AZB Partners informed us that Justice R V Raveendran's daughter is associated with the Bangalore office of AZB. RIL unaware of association between judge's daughter, AZB RIL unaware of association between judge's daughter, AZB

CPCL,CHT to host refinery Technology meet near Chennai

Wed, 04 Nov 2009 14:30:13 GMT

The meet will also focus on environment, emission norms, refining processes and opportunities with specific emphasis on value addition through refining process optimisation, upgradation and integration. CPCL,CHT to host refinery Technology meet near ChennaiCPCL,CHT to host refinery Technology meet near Chennai

Justice Reddy to replace Raveendran in RIL, RNRL case

Wed, 04 Nov 2009 13:37:28 GMT

Justice Reddy will replace Justice Raveendran in the three-judge Bench, which will hear the case afresh from Thursday. All about the gas row | Full Coverage

Justice Reddy to replace Raveendran in RIL, RNRL caseJustice Reddy to replace Raveendran in RIL, RNRL case

RIL's gas output to double at 90 mmscmd by next fiscal

Wed, 04 Nov 2009 13:12:37 GMT

KG D-6 is currently producing about 45 mmscmd gas, which will rise to 60 mmscmd by December and to 70 mmscmd in January, the paper said.RIL's gas output to double at 90 mmscmd by next fiscalRIL's gas output to double at 90 mmscmd by next fiscal

Cairn India to supply crude oil to Reliance Industries

Wed, 04 Nov 2009 12:36:33 GMT

Cairn India, a unit of UK firm Cairn Energy, said on Wednesday it had reached a deal to supply crude oil from its field in western India to leading conglomerate Reliance Industries. Cairn India to supply crude oil to Reliance IndustriesCairn India to supply crude oil to Reliance Industries

Crude production to touch all-time high of 36.7 MT in 2009-10

Wed, 04 Nov 2009 12:21:30 GMT

India's crude oil production is likely to jump by 11 per cent this fiscal to touch the highest-ever mark of 36.7 mn tonnes, mostly on the back of output from Cairn India's prolific Rajasthan oil field, Petroleum Minister Murli Deora said.Crude production to touch all-time high of 36.7 MT in 2009-10Crude production to touch all-time high of 36.7 MT in 2009-10

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