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.
ONGC to sell stake
ONGC will shortly farm out nearly 26 per cent stake in its KG-DWN-2004/6 block in the Krishna-Godavari basin to JapanĆ¢ā¬ā¢s Inpex Corporation.
14,000 km gas pipeline
According to a government statement, 14,000 km of natural gas pipeline infrastructure is under various stages of implementation in the country.
GAIL cuts stake in ONGC proj
GAIL India has cut its equity stake in ONGCĆ¢ā¬ā¢s Dahej mega petrochemical project to 15.5 per cent after project cost further escalated by 9.5 per cent.
KPT to set up oil jetty
Kandla Port Trust (KPT) plans to set up a Rs 233 crore oil jetty on build, operate, transfer (BOT) basis under public private partnership (PPP) mode.
Centre plans debt restructuring for discoms
The Union Government has favoured rolling out restructuring package for power distribution companies (discoms).
RIL-BP gas to AP
Reliance Industries and BP India are in talks with gas-starved power projects of Andhra Pradesh to supply long-term liquefied natural gas (LNG).
Project management tools are key to global market capture
Indian companies engaged in O&G exploration are yet to fully exploit the marquee project management tools and processes in order to streamline the procedure for optimum results.
RGTIL seeks pipeline project
Reliance Gas Transportation Infrastructure (RGTIL) has approached PNGRB with an Expression of Interest (EoI) to lay down a 300-km pipeline

