ONGC will have the last word on the $9.6 billion Cairn-Vedanta deal as the oil ministry has made the firmĆ¢ā¬ā¢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 nationĆ¢ā¬ā¢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.