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Govt to auction 28 oil, gas blocks off Mumbai; 14 in KG basin
January 2016
As many as 28 oil and gas fields out of the 69 small and marginal fields of state-owned firms that the government plans to auction to private players are in Mumbai offshore, Oil Minister Dharmendra Pradhan said.
Venezuelan partner says ONGC can get pending $537 million dividend within a year of arranging $1 billion credit
July 2015
ONGC can receive the pending $537 million dividend within a year of it arranging $1 billion in credit to develop San Cristobal oil field that it jointly owns with Petroleos de Venezuela S.A. (PDVSA), the head of the Venezuelan state oil firm has said.
SPCPL inaugurates second FPSO ´Armada Sterling II´
June 2015
Shapoorji Pallonji and Co. Pvt. Ltd (SPCPL), in partnership with international offshore oil and gas service provider Bumi Armada Berhad, through its entity SP Armada Oil Exploration Pvt. Ltd, announced the successful installation and commissioning of its second Floating Production, Storage and Offloading Vessel (FPSO) -- Armada Sterling II.
Indian PSUs to invest another $6 bn in Mozambique: Oil Min
May 2015
$6 bn in Mozambique: Oil Min Government-owned oil exploration and marketing companies would invest another $6 billion (Rs 38,000 crore) in Mozambique, with the first shipment of liquefied natural gas (LNG) from Rovuma Area-1, located along the coasts of northern Mozambique and southern Tanzania, in the Indian Ocean, being targeted for 2018-2019, Minister of Petroleum and Natural Gas Dharmendra Pradhan said.
Govt to scrap allocation of CBM block given to Great Eastern
April 2015
The Government will cancel award of a coal-bed methane (CBM) block in Tamil Nadu to Great Eastern Energy Corp Ltd (GEECL) for not fulfilling contractual requirements, Oil Minister Dharmendra Pradhan has said.
GAIL told to deposit RIL gas profit into govt kitty
April 2015
The government has ordered state-run gas utility Gail to deposit the difference between old and new price of gas from Reliance Industries Ltd´s KG-D6 field into the exchequer every month with a view to recovering profit share the Centre claims is due from India´s largest private oil company.
TAPI: India asks Turkmenistan to ease rules
March 2015
With the construction of the $10 billion TAPI pipeline stuck for want of a credible operator, India has pressed Turkmenistan to relax its domestic law to help get an international firm for building the project.
Government to auction 69 small, marginal oil fields
February 2015
The government plans to auction 69 small and marginal oil and gas fields to private firms on a new revenue sharing model, oil minister Dharmendra Pradhan has said.
Shell joins India LNG project with raised 26 per cent stake
February 2015
India will make a provision in the budget to fill up strategic reserves for crude, media reports quoted oil minister Dharmendra Pradhan as saying, taking advantage of the falling global oil prices.
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