Media reports suggest that government may offload some of its equity holding in Indian Oil Corporation (IOC) in 2013-14. Government held 78.92 per cent stake in the public sector undertaking as on December 31. The government planned to launch a follow-on public offering for Engineers India also after April, reports indicate
Category: Oil & Gas
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Govt may offload stake in IOC next fiscal year
Media reports suggest that government may offload some of its equity holding in Indian Oil Corporation (IOC) in 2013-14. Government held 78.92 per cent stake in the public sector undertaking as on December 31. The government planned to launch a follow-on public offering for Engineers India also after April, reports indicate
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Contractors allowed to explore in mining lease
In a move that may boost oil and gas output in the country, the union petroleum ministry decided to allow exploration in mining lease area with cost recovery on establishment of commerciality, the ministry said in an order. Thus, oil companies would be allowed to explore in already producing areas and all approved exploration cos
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Contractors allowed to explore in mining lease
In a move that may boost oil and gas output in the country, the union petroleum ministry decided to allow exploration in mining lease area with cost recovery on establishment of commerciality, the ministry said in an order. Thus, oil companies would be allowed to explore in already producing areas and all approved exploration cos
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ONGC plans to raise gas output from Tripura
State-run oil explorer ONGC is keen to raise natural gas output from onshore fields in Tripura in order to feed its upcoming 726.6 mw power plant and also to supply its customers. The country's biggest oil and gas explorer plans to raise its output from the fields to 5 million metric standard cubic metre per day (mmscmd). This would be pea
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ONGC plans to raise gas output from Tripura
State-run oil explorer ONGC is keen to raise natural gas output from onshore fields in Tripura in order to feed its upcoming 726.6 mw power plant and also to supply its customers. The country's biggest oil and gas explorer plans to raise its output from the fields to 5 million metric standard cubic metre per day (mmscmd). This would be pea
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RIL may sell stake in hydrocarbon block
Directorate-General of Hydrocarbons (DGH) received a request from Reliance Industries (RIL) to allow it to transfer its equity in a hydrocarbon block offshore Gujarat-Saurashtra region to Hardy Oil & Gas. This shallow water block -GS-OSN-2000/1- was awarded to the consortium of RIL (90 per cent) and Hard
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RIL may sell stake in hydrocarbon block
Directorate-General of Hydrocarbons (DGH) received a request from Reliance Industries (RIL) to allow it to transfer its equity in a hydrocarbon block offshore Gujarat-Saurashtra region to Hardy Oil & Gas. This shallow water block -GS-OSN-2000/1- was awarded to the consortium of RIL (90 per cent) and Hard
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Govt to remove diesel under-pricing by mid-2015
The present under pricing of diesel will be removed progressively by mid-2015," Planning Commission Deputy Chairman Montek Singh Ahluwalia said in his address at India Energy Congress recently. Recently, oil marketing companies (OMCs) were allowed to charge market price for bulk diesel consumers. Also, for retail users of diesel, the gove
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GAIL India’s pipeline project faces hurdle
State-run natural gas transmission firm GAIL India is in the process of laying 42 km underground gas pipeline in Tirupur district of Tamil Nadu. However, the project faces roadblock as farmers in the area oppose the work on grounds that they may lose their livelihood.