For the first fortnight of November effective November 1, the under-recovery incurred by oil marketing companies (OMCs) on sale of diesel remains at a high level of Rs
Category: Oil & Gas
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Ministry to protect govt interest in RIL issue
Union petroleum ministry said it would continue to protect the government's interest in all force in the matt
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IOCL to begin work on Rs 97 cr project
According to a company source, Indian Oil Corporation (IOCL) has received environment clearance for its Rs 97 crore oil depot project at Jharsuguda in Odisha and work on it
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CNG prices to be dearer in Mumbai
Citing rise in input costs, Mahanagar Gas (MGL) said it would raise the price of compressed natural gas (CNG)
by about 2.57 per cent or Rs
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Cairn India bags FICCI’s safety award
Cairn India, Asia's fastest growing E&P company and one of India's leading upstream oil & gas company, has been awarded the FICCI Safety Excellence award for Manufacturing 2012 for its Ravva oil & gas field in Andhra Pradesh. Cairn India bagged the Platinum award (first prize) under the 'large size category'. At a ceremony in New Delhi last month, the Union Minister of Labour & Employment
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HPCL mulls 9 mn t refinery at Barmer
Hindustan Petroleum Corporation (HPCL) is exploring the option of setting up a 9 million tonne per annum (mn tpa) refinery at Barmer, Rajasthan in collaboration with its other partners.
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Essar Oil to acquire more land for CBM project
Essar Oil plans to acquire around 1,000 acre land to drill 500 wells for the Rs 3,000-crore coal-bed methane (CBM) project at the Ranigunj block, according to a top official.
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Cairn India to raise output from Barmer fields
Cairn India is working on raising crude oil production from its Barmer fields in Rajasthan. The company’s production from Rajasthan has reached 175,000 barrels a day and the
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OVL eyes stake in Arctic Ocean projects
Reports suggest that ONGC Videsh (OVL) is interested in picking up stake in the oil and gas exploration projects in Arctic Ocean and expand in Siberia and Far East Russia.
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Shale gas exploration
Cairn India plans to bid for shale acreages once the bidding process starts by 2013. According to the proposed policy, the contractor will also be exempted from payment of cess on shale oil.