Oil & gas
RIL to hike KG-D6 gas output
03 Jan 2014
Reversing its claims of falling output just days after the union cabinet allowed RIL to double the sale price of natural gas, the company today said it will add about 1-3 million standard cubic meters per day to gas production at its KG-D6 fields
Shell may sell remaining stake in Woodside for $7.4 bn: report
03 Jan 2014
Potential buyers of the stake could include the sovereign wealth funds of the Middle East
ONGC, Shell acquire Petrobras' stake in Brazilian offshore oil block for $1.64 bn
31 Dec 2013
OVL, the overseas arm of state-run explorer Oil and Natural Gas Corp (ONGC) and Royal Dutch Shell yesterday acquired the remaining 35 per cent of a Brazilian offshore oil block, not already owned by them, for $1.64 billion, from Petroleo Brasileiro SA (Petrobras)
ONGC Videsh exits strife-torn Sudan, evacuates employees
24 Dec 2013
Oil & Natural Gas Corp has evacuated all its personnel, including 11 executives, from its oil projects in Sudan after violence escalated in the strife-torn African country on 15 December.
Reliance spurts as cabinet okays doubling price for KG-D6 gas
20 Dec 2013
Agreeing to a suggestion by RIL, the cabinet allowed the price hike on condition that the company will furnish a bank guarantee equal to the incremental revenue it would generate from the increase
Finmin wants gas price capped below $8.6 per mmBtu for RIL
16 Dec 2013
Under the pricing formula, which will be effective for a five-year period beginning 1 April 2014, the price of natural gas will be revised quarterly
BP inks $16-bn deal with Oman to produce hard rock gas
16 Dec 2013
British oil explorer BP Plc has signed a 30-year deal to work on a $16 billion worth of gas projects in Oman that aims to extract around one billion cubic feet of gas per day
RIL opposes govt move to take away discovered gas fields
16 Dec 2013
Reliance Industries has gone back on its readiness to relinquish development rights to the undeveloped portion of the KG-D6 block
Diesel prices go up again by 50 paise a litre
07 Dec 2013
India, Japan propose joint procurement of LNG
05 Dec 2013
ONGC to appeal HC order to pay Rs10,000 crore
03 Dec 2013
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