The complete deregulation of diesel prices and the announcement of the new gas pricing formula are bound to give a fillip to the oil & gas sector in the country. Finally, the oil & gas sector has been visited by the ´reforms
Category: Oil & Gas
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Cabinet nod for India-Mozambique MoU
The Cabinet approved the signing of a memorandum of understanding (MoU) between India and Mozambique for five-year cooperation in the oil and gas sector.
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OVL to pick up stake in Vietnamese block
ONGC Videsh (OVL) signed an agreement to pick up to 50 per cent stake in Petro Vietnam´s (PVEP) two exploration blocks in the South China Sea.
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BPCL to double refining capacity
Bharat Petroleum Corporation (BPCL) aims to double its refining margins once it completes the expansion and upgrade of its Kochi refinery in Kerala
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GSPC Gas to pick up stake in Vadodara Gas
GSPC Gas, a subsidiary of Gujarat State Petroleum Corp (GSPC), is looking to pick up stakes in Vadodara Gas Co (VGCL)
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India to deepen oil ties with Saudi Arabia
India has invited Saudi Arabia to invest in strategic crude oil storages and downstream facilities.
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OIL for more hydrocarbon concessions
Oil India (OIL) is seeking more hydrocarbon concessions across the globe, including Brazil and Mexico. Among its major ventures abroad
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Crude oil output falls in Aug 2014
India´s crude oil refinery output declined 4.3 per cent to 18.55 million tonne (mt) in August 2014, continuing the downfall for the fifth straight month.
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Petrobras, ONGC strike gas in Brazil
Brazil´s state-run oil company Petroleo Brasileiro SA (Petrobras) discovered natural gas in a well being drilled to help measure the potential of a giant Brazilian offshore find.
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Man Industries wins O&G supply contract
Man Industries has won new orders worth Rs 550 crore from domestic and international customers for supply of pipes for oil and gas projects.