Oil India Ltd, the second largest State explorer, has signed a contract for two offshore oil and gas blocks it had bagged in Myanmar. OIL along with its consortium partners signed a production sharing contract (PSC) with Myanmar Oil and Gas Enterprise (MOGE) for two offshore blocks M4 and YEB at Nay Pyi Taw, the company said in a statement.
Category: Oil & Gas
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RIL makes Mexico foray
Reliance Industries Ltd (RIL) has signed an agreement with MexicoĂ´s State-owned Petroleos Mexicanos (Pemex) for investment in the exploration and refinery sectors in that country.
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Centre overrules GSPCĂ´s demand for $8.5 gas price
The Centre has overruled Gujarat government-owned firm GSPCĂ´s demand for a gas price of $8.5 for its KG basin Deendayal field, saying the approved rate of $5.05 will apply to the company.
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RSGL to develop retail gas supply
As part of its infrastructure development plans, Rajasthan State Gas LTD (RSGL) will lay pipelines for retail gas supply in Alwar, Baran and Jhalawar districts, according to an official.
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India, Mozambique ink MoU for oil, gas cooperation
India and Mozambique have signed a memorandum of understanding (MoU) for cooperation in the oil and gas sector for a period of five years, the Petroleum Ministry has said in a statement.
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ONGC Videsh might soon buy stake in 2 Siberian oilfields
ONGC Videsh Ltd (OVL), the foreign arm of ONGC, is likely to soon acquire stakes in two Russian oilfields, Vankor and Yurubcheno-Tokhomskoye.
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Technip bags -C100 mn ONGC order
Engineering and construction firm Technip, which specialises in subsea construction, has got a 100-million euro contract from Oil and Natural Gas Corporation (ONGC) to build an onshore oil and gas terminal in Andhra Pradesh.
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Story of an engineering art deco
Octamec Engineering Limited founded in 1983 by a dynamic Aeronautical Engineer from Mangalore Mr. Navin Hegde who introduced 1st time ever in India, a marvelous engineering solution which provided a free span column free lightweight engineering structure technology called SPACEFRAMES.
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Ennore LNG Terminal spadework by December
The much-awaited LNG terminal at Ennore, the first on the East Coast of India, is finally set to kick off by the end of this year.
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India seeks to increase natural gas production IndiaĂ´s
Petroleum Ministry has forecast an estimated 75 per cent increase in natural gas production over the next five years.