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ONGC not interested in Yamal LNG project
November 2014
ONGC is no longer keen to acquire a stake in Russian natural-gas producer OAO Novatek's $20 billion Yamal LNG project. ONGC Videsh Ltd, the overseas arm of India's
ONGC Videsh to expand Oil & Gas exploration in offshore Vietnam
November 2014
ONGC Videsh Ltd, the overseas arm of state-run explorer Oil and Natural Gas Corp (ONGC), has signed an agreement to expand its oil and gas exploration in offshore Vietnam.
Reliance may sell US shale gas stake for $4.5 billion
November 2014
Reliance Industries is looking to sell its 45 per cent stake in the Eagle Ford basin shale oil and gas venture in the US for an estimated USD 4.5 billion.
Wärtsilä announces management changes
October 2014
Rakesh Sarin, B.Sc. (Eng.), has been appointed President of Power Plants, Executive Vice President and member of the Board of Management of Wärtsilä Corporation, effective 1 September 2014. In this position, he is responsible for Wärtsilä´s Power Plants business globally, and will report to President & CEO Björn Rosengren.
China gobbles up Canadian oil assets
July 2014
China Oil and Gas Group Ltd. is buying a private Canadian energy company for $236 million in what has become a trend in Asian buyers launching takeovers for small firms since the Harper government imposed tougher rules on deals in late 2012. China Oil and Gas.
Mauritius orders freeze on Shiv-Vani Oil onshore assets
May 2014
Mauritius' top court has ordered a freeze on all onshore assets of Delhi-based Shiv-Vani Oil & Gas Exploration Services for failure to redeem $84 million (Rs 600 crore) worth of bonds. Onshore drilling rig operator Shiv-Vani's foreign currency convertible bonds (FCCBs) were due in mid-2013. Its offshore lenders had approached the Supreme Court of Mauritius.
Cairn India to invest up to $750 mn on KG-Basin Block over 5 years
January 2014
Buoyed by discoveries of huge quantities of oil and gas, Cairn India has urged the Director General of Hydrocarbons to declare one of the wells in its onshore KG-ONN-2003/1 block at Nagayalanka on East coast as 'Commercial Discovery', sources close to the development said.
Renewable energy projects getting popular
June 2013
Renewable energy projects are getting popular even among companies who are not related to the sector. For example, state owned oil and gas explorer ONGC plans to partner with interested investors to set up a 6.5 gw renewable energy project.
Renewable energy projects getting popular
June 2013
Renewable energy projects are getting popular even among companies who are not related to the sector. For example, state owned oil and gas explorer ONGC plans to partner with interested investors to set up a 6.5 gw renewable energy project.
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