The government may give additional time to Cairn India for exploring more oil and gas in its Rajasthan oilfield provided the company agrees to pay levies in proportion to its stake in the energy asset.
RIL is set to drill two more wells in the KG-D6 block that may boost gas production from the field where output has stagnated since April at about 60 million metric standard cubic meters per day (mmscmd).
The government may give additional time to Cairn India for exploring more oil and gas in its producing Rajasthan oil field provided the company agrees to pay levies in proportion to its stake in the energy asset.
Vietnam has assured its support to India’s state-owned oil companies in acquiring $1.3-billion Vietnamese energy assets of the UK oil major BP.
India’s state-owned oil companies are camped in Hanoi to pick up $1.3-billion Vietnamese energy assets of UK oil major BP, which has announced a decision to sell some assets to pay for the costs associated with the biggest-ever oil spill in the US.
DGH allows extension to Eni too; 30 blocks, hit by global shortage of rigs since ’07-08, to gain from decision.
In A major relief to domestic power companies importing Chinese equipment, a high-level committee has said that securityrelated restrictions for importing telecom equipment will not apply to the power sector.
With pump prices linked to global crude, a debate rages on periodicity of reviewing these.
State-owned Indian Oil Corp has put on hold its plans to set up a refinery and fuel outlets in Turkey due to paucity of funds.
The government’s decision to defer an inevitable fuel price hike is hardly surprising, considering that it hasn’t shown any inclination to take the political risk involved in such a decision.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon