The Ministry of Oil and Petroleum is willing to give in-principle approval for Vedanta Resources’ acquisition of Cairn India, provided the Vedanta agrees to a set of 11 preconditions.
Category: Oil & Gas
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Koyali refinery now 18 mtPA
Indian Oil Corporation (IOC) has plans to invest Rs 5,000 crore for expanding its Koyali refinery capacity in Gujarat from 13.7 mtpa to 18 mtpa refinery.
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Govt monitoring crude oil prices: Mukherjee
Expressing concern over the rise in crude oil prices in international markets due to turmoil in the Middle East, Finance Minister Pranab Mukherjee said the government is monitoring the situation and will manage it.
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Punj Lloyd bags three O&G orders
Punj Lloyd has bagged three oil and gas orders, aggregating Rs 645 crore in India, Oman and Indonesia. Occidental’s Rs 323 crore entails construction of a water treatment plant in Oman.
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DMU factory MOVES TO haldia
The Railways intends to shift the proposed DMU coach factory project from Sankrail in Howrah to Haldia due to opposition by a section of landlosers.
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ONGC takes on East coast gas block by itself
ONGC has decided to develop the gas-rich exploration block in the Krishna Godavari basin by itself.
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Essar begins gas production from Raniganj CBM block
Essar Oil has begun gas production from its Raniganj coal bed methane block in West Bengal.
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CIL to rope in private cos to develop gasification project
Coal India has decided to rope in private firms to develop underground coal gasification projects and set up at least one 50:50 joint venture to create marketing infrastructure and sell the gas.
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HPCL brings Euro IV to Hyd
Visakha refinery of Hindustan Petroleum Corporation (HPCL) will supply Euro-IV-compliant petrol from April 2010.
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We should collaborate in O&G and renewables
Bas JA Van Vroonhoven, Manager, Business Development of FME Association, the largest organisation in the Netherlands representing employers and businesses in the technological industry.