Recently imposed stringent US and EU sanctions against Iran have jeopardised the $8-billion plan of three Indian state-run oil companies to jointly develop the Farsi gas field, as their consortium is finding it difficult to access technology and funding to execute the project.
India’s largest energy explorer Oil & Natural Gas’ (ONGC) foreign arm ONGC Videsh is set to acquire shale gas assets in the US.
Petrol may become costlier by 50 to 70 paise next week as state-owned oil companies get ready to exercise their pricing freedom for the first time.
State-owned oil companies Indian Oil and Oil India are in talks with the Essar group to pick up 20% stake each in a gas block in Myanmar that is estimated to have even bigger reserves than RIL’ KG-D6 fields.
Cairn's unexplored oil fields in Barmer could turn major attractions for bidders in the next auction of oil exploration blocks.
Mining giant makes a bold move into uncharted territory with $9.6-billion deal. But lack of expertise could prove a hurdle.
The govt will not approve Vedanta Resources’ plans of picking up ‘strategic’ stake in Cairn India without proper scrutiny.
The petroleum regulator’s decision to charge incremental gas transportation tariff for every 300 kms has resulted in an unprecedented increase in fuel cost for consumers located away from the natural gas source.
A consortium led by the state-owned Oil & Natural gas Corporation could invest about Rs 12,000 crore to built a six million tonne refinery in Rajasthan.
Oil & Natural Gas Corp (ONGC)-led consortium of state-owned energy firms has proved commercial viability of its Mahanadi gas find.
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