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RIL submits bid to acquire LyondellBasell of US

Sat, 21 Nov 2009 14:30:09 GMT

If successful this will be the biggest acquisition by any Indian company overseas. LyondellBasell has a m-cap of $55 bn. RIL | World's largest refining companies

RIL submits bid to acquire LyondellBasell of USRIL submits bid to acquire LyondellBasell of US

Shell in talks to pick up 10% in Essar Oil

Fri, 20 Nov 2009 23:04:00 GMT

Royal Dutch Shell is in advanced talks to acquire a 10% stake in Essar Oil as part payment for selling three of its European refineries to the Indian company, persons aware of the plan said. Shell in talks to pick up 10% in Essar OilShell in talks to pick up 10% in Essar Oil

Ambani gas row: SC asks Centre to file affidavit

Thu, 19 Nov 2009 20:01:01 GMT

The Supreme Court on Thursday asked the Centre to file an affidavit stating that it will ensure the supply of gas from the Krishna-Godavari basin to state-owned power utility National Thermal Power Corporation (NTPC) in a ‘non-discriminatory manner’. Ambani gas row: SC asks Centre to file affidavitAmbani gas row: SC asks Centre to file affidavit

RIL influenced oil ministry to hike gas price: RNRL

Thu, 19 Nov 2009 13:42:16 GMT

The court is hearing the dispute over the supply of 28 million units of gas for 17 years at $2.34 per unit to Anil Ambani-led RNRL from the gas fields off the Andhra Pradesh coast, awarded to Mukesh Ambani's RIL.RIL influenced oil ministry to hike gas price: RNRLRIL influenced oil ministry to hike gas price: RNRL

Reliance ups fuel sales to Africa, cuts Europe

Thu, 19 Nov 2009 09:17:13 GMT

Giant Indian refiner Reliance exported a third more fuel during July to September versus the second quarter, with Africa racing past Europe as its No. 2 market while sales to the United States are set to rise further. Reliance ups fuel sales to Africa, cuts EuropeReliance ups fuel sales to Africa, cuts Europe

RIL-RNRL gas deal could cost country Rs 1 lakh crore: Centre

Thu, 19 Nov 2009 00:47:39 GMT

ASG Mohan Parasaran said if anyone had a major say in the RIL-RNRL dispute, it was only the Centre and none else. RIL eyes overseas buys | Gas row: Full Coverage

RIL-RNRL gas deal could cost country Rs 1 lakh crore: CentreRIL-RNRL gas deal could cost country Rs 1 lakh crore: Centre

Ambani gas dispute: Govt faces tough questions from SC

Wed, 18 Nov 2009 20:35:15 GMT

Lawyers representing the Indian government in the Ambani gas dispute case faced probing question from the Supreme Court on Wednesday. Ambani gas dispute: Govt faces tough questions from SCAmbani gas dispute: Govt faces tough questions from SC

ONGC eyes energy blocks in Ghana

Wed, 18 Nov 2009 20:16:04 GMT

ONGC, the country’s largest oil and gas producer, is eyeing new energy blocks in Ghana, in a bid to expand it presence in the African continent. ONGC eyes energy blocks in GhanaONGC eyes energy blocks in Ghana

Fire in Karaikal controlled, three injured, says ONGC's chief

Wed, 18 Nov 2009 15:57:35 GMT

ONGC today said that it has controlled a fire which broke out at an underground pipeline in Karaikal in Puducherry.Fire in Karaikal controlled, three injured, says ONGC's chiefFire in Karaikal controlled, three injured, says ONGC's chief

ONGC to begin gas output from C-series fields next month

Wed, 18 Nov 2009 15:17:37 GMT

State-run Oil and Natural Gas Corp, will commence gas production from its C-series fields on India's western offshore from December 1, a top company official said.ONGC to begin gas output from C-series fields next monthONGC to begin gas output from C-series fields next month

Gas row: Suitable arrangement must be approved by govt

Wed, 18 Nov 2009 13:46:22 GMT

Government today asserted in the Supreme Court that any suitable arrangement between the Ambani brothers for the supply of gas from K G Basin has to be approved by it keeping the national interest paramount.Gas row: Suitable arrangement must be approved by govtGas row: Suitable arrangement must be approved by govt

ONGC says Petronet mulling stake in project

Wed, 18 Nov 2009 11:39:43 GMT

Gas importer Petronet LNG has shown interest in buying up to 10 per cent of a petrochemical project to be set up by ONGC Petro additions Ltd (OPaL), says a senior ONGC official.ONGC says Petronet mulling stake in projectONGC says Petronet mulling stake in project

RIL can't enter private pacts for gas supply: Oil ministry

Wed, 18 Nov 2009 10:06:44 GMT

The oil ministry Wednesday asserted before the Supreme Court that the government's production-sharing contract with the Mukesh Ambani-led Reliance Industries Ltd (RIL) bars the company from private arrangements to supply gas. RIL can't enter private pacts for gas supply: Oil ministryRIL can't enter private pacts for gas supply: Oil ministry

RIL eyes overseas buys for growth

Wed, 18 Nov 2009 01:10:47 GMT

RIL has given 25% year-on-year returns for about three decades. | VIDEO: 'RIL to become debt free co' | 'Money can't create money, business to have purpose'

RIL eyes overseas buys for growthRIL eyes overseas buys for growth

'Don't know if Ambanis colluding or clashing'

Wed, 18 Nov 2009 01:06:34 GMT

But Parasaran stood his ground and said the government had a sovereign interest over national resources and was telling the court about the facts of the case.'Don't know if Ambanis colluding or clashing''Don't know if Ambanis colluding or clashing'

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