Vedanta Resources will buy another 10 per cent in the Indian arm of Cairn Energy as part of a restructuring of the much-delayed deal that will result in a $600 million reduction in the price tag.
Tag: ONGC
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Analysis: Natural gas infra is new buzzword
In the next four years, the natural gas transmission capacity will be doubled, placing India in a good position to accomplish the goals set by energy planners and to transport the increased natural gas availability which is expected to reach 375 mmscmd by 2015.
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Piggybacking: Riding on gas boom
By 2020, India will need 115 to 135 billion cu m of natural gas supply, much of which is planned as an alternative to both power and energy needs.
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Shale gas: The new kid on the energy mix block
While we have made good progress with CBM, shale gas presents an opportunity we cannot afford to neglect when looking at a viable option for our energy sufficiency. The government will soon come out with a policy on what is acclaimed as the newfound energy saviour.
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120 transmission projects face roadblocks
Problems in acquiring land and forest clearĆĀance delays have grounded at least 120 power transmission projects according to CEA sources.
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ONGC to rethink CBM strategy
ONGC is considering fresh strategies for coal bed methane (CBM) development, nearly two decades after initiating exploration and spending hundreds of crores in largely unsuccessful attempts to bring the assets into production.
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ONGC FPO in July
Twice-deferred ONGCĆ¢ā¬ā¢s Rs 11,500 crore follow-on public offer (FPO) is now been scheduled to open 5July.
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Cairn-Vedanta deal in ONGC's court
The governmentĆ¢ā¬ā¢s law officers have held that Edinburgh-based firm needs ONGCĆ¢ā¬ā¢s consent to sell its majority stake in Cairn India to Vedanta Resources.
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OVL races for oil block
An unknown company has outbid ONGC VideshĆ¢ā¬ā¢s bid to buy Exxon MobilĆ¢ā¬ā¢s 25 per cent stake in a deep-sea oil block in Angola.
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ONGC leads in 10 blocks at Nelp-9
Oil and Natural Gas Corporation (ONGC) has emerged the provisional winner for close to 10 out of the 29 blocks it has bid for in the ninth round of the New Exploration Licensing Policy (Nelp).