ONGC will have the last word on the $9.6 billion Cairn-Vedanta deal as the oil ministry has made the firm’s approval mandatory even if the cabinet rules that the royalty dispute in the Rajasthan block should be settled independent of the transaction, government officials said.
Category: Oil & Gas
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Punj Lloyd bags O&G orders
Punj Lloyd has bagged three oil and gas orders, cumulatively worth Rs 645 crore, in India, Oman and Indonesia.
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NPCC bags project at Mumbai High
National Petroleum Construction Company (NPCC) of Abu Dhabi has bagged a $227 million (Dh834 million) engineering, procurement and construction contract from Oil & Natural Gas Corporation (ONGC), for a wellhead platforms project at the offshore Mumbai High Field.
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Jet fuel dearer by over 4 pc
Oil companies have raised jet fuel price by a massive four per cent, the ninth straight increase in rates since October.
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Many plans in this pipeline
The discovery of gas in the KG Basin has not only changed the nation’s energy vision, but its strategy to transport gas, the old new kid on the block, says Daya Kingston.
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Oil PSUs capex at Rs 74,800 cr
Oil majors like ONGC will invest over Rs 74,800 crore in capital expenditure in 2011-12 fiscal.
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IOC to upgrade refinery
Indian Oil Corporation (IOC) will invest Rs 4,000 crore to upgrade its refinery in Haldia.
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Haryana Pipe-gas project in slow motion
The project to lay gas pipelines to reach all households and commercial establishments in Gurgaon has been moving at a slow pace.
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IOC sets up terminal in ap
Indian Oil Corporation (IOC) is setting up a terminal at Chittooor and a bottling plant at Nellore in Andhra Pradesh.
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Budget Analysis: Thumbs up … well, almost
The infrastructure investment will reach 8.37 per cent of GDP in the terminal year of the 11th Plan (2011-12). Net bank credit to infrastructure has increased by 59 per cent over previous year. However, total FDI inflows during April-November 2010 were 26.67 per cent lower compared to the inflows during the same period in the previous year.