The government plans to auction 69 small and marginal oil and gas fields to private firms on a new revenue sharing model, oil minister Dharmendra Pradhan has said.
Tag: ONGC
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India to discuss LNG imports with US
India will strongly raise the issue of LNG imports with President Barack Obama as the country wants liquefied natural gas to be exported only in vessels built in USA, manned by US crew and insured by American companies.
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Open Sesame!
Public Sector Units (PSUs) will be pushing the growth engine of the country, be it through almost 18 lakh acres of land reserves with these companies or the cash reserves of almost Rs 2,00,230 crore kept as bank deposits by these enterprises.
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The new gas pricing policy is a step in the right direction
The government has highlighted Oil & Gas (O&G) as a priority sector as part of its ĆĀ“Make in IndiaĆĀ“ campaign. The focus in O&G will be on Oil Field Services and Equipment (OFS). An interesting model could be Malaysia and Dubai kind of service hubs on the east coast and west coast of the country.
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Gas price in India to dip to $5 in 3 years
The new natural gas price of $5.61, which is already among the lowest in Asia Pacific, is likely to drop to around $5 per unit in three years due to the variables included in the formula, Goldman Sachs has said.
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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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Stocks & Barrels
ItĆĀ“s raining good news for the Indian economy. Credit Suisse has said that India will witness the fastest dollar nominal growth in 2015. And falling oil prices are proving to be a major windfall for the country.
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India seeks to increase natural gas production IndiaĆĀ“s
Petroleum Ministry has forecast an estimated 75 per cent increase in natural gas production over the next five years.
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India will benefit from the Shale gas
John Westwood, Group Chairman of Douglas-Westwood and Dan Eberhart, CEO of Canary USA, give their insights on the future of oil & gas in the Indian market.