ONGC, the country’s largest state-owned oil company, and Hungarian oil major MOL are production opportunities in third countries.“We are exploring the option to expand ONGC’s relationship with MOL for pursuing overseas opportunities,” an ONGC official involved in talks with MOL told ET. If talks fructify, the two companies could consider joint bids for a few [...]
Item: Essar Oil commissions 2nd jetty @ Vadinar
Essar Oil’s 2nd product jetty for exporting refined petroleum products from its refinery was commissioned in Jamnagar district @ Vadinar.
In Kandla Port Trust (KPT), the second jetty of Essar Oil having capacity of 7 million tonnes has been commissioned and began functioning at Vadinar where its first jetty [...]
Petronet LNG to get 10% stake in ONGC Petro additions Ltd (OPaL)
Gas importer Petronet LNG has shown interest in buying up to 10 per cent of a petrochemical project to be set up by ONGC Petro additions
Ltd (OPaL), a senior Oil and Natural Gas Corp official said.
“ONGC’s board will decide on the matter,” A K [...]
Oil India to set up a mini LNG plant
OIL to grow 100%
Oil India Ltd plans to double its natural gas production to around 4.54 billion cubic
metres annually in the next 5-6 years.
“There have been a lot of proven reserves with the help of which we shall be in a position to double the gas production. We are in a position to more or [...]
ONGC Videsh IPO | OVL IPO is the next big ipo coming from government side.
Subscription , Price ,Lisitng Date and other information for this ipo will updated in this page. Bookmark this page and check often.
ONGC is in the process of launching an IPO for its subsidiary ONGC Videsh Ltd ( OVL ) .
Government is [...]
OIL India IPO Allotment Status , Subscription Details , Listing date & Allocation Price
OIL India IPO has been announced as the next Big IPO from Government sector.
OIL India Ltd is the second biggest Oil and Natural Gas company in India.
The company has already filed DHRP with SEBI. Govt of India has decided to sell 10% [...]
GSPC plans to re launch its ipo again.
Lets see if they proceed. Will update more if any more info available.
There are news circulating in internet that Gujarat State Petroleum is going to raise Rs. 5000 Crores through an IPO.
RNRL (Reliance Natural Resources Ltd ) has won over RIL in Gas Dispute case. Bombay High Court today has ruled that RNRL eill get assured Gas supply of 28 mmscmd from RIL for 17 years at 2.34$.
Gas Supply from Krishna-godavari is to be used for Dadri Power Plant at UP. GSMA came into existence [...]
IOC to buy crude from Cairn
RPL’s second refinery to go onstream in NovMukesh Ambani-controlled Reliance Petroleum (RPL) plans to begin production at its second refinery in Jamnagar by mid-November. “About six weeks of work is remaining, including the synchronisation of almost 40 units. The pre-commissioning work is almost over,” said sources close to the developmentThe refinery, adjacent to the existing [...]
Public sector oil exploration major ONGC today said it is receptive to the idea of windfall profit tax on oil companies. The Left parties have put a demand of windfall profit tax on oil companies following a rise in crude oil prices.
ONGC Chairman and Managing Director R S Sharma told reporters here that the way [...]
Gujarat State Petroleum Corp will invest USD one billion (about Rs 4,100 crore) in bringing to production its eastern offshore Krishna Godavari basin gas field by 2011 and may go for an initial public offering to fund part of the investment. GSPC, which is close to receiving Government approvals for development plans for KG-8 [...]
Petroleum ministry has asked Mangalore Refinery and Petrochemicals Ltd (MRPL) to put on hold the setting up of new retail outlets for two years due to under recoveries in retail marketing of petrol and diesel, the company has informed its shareholders.
The company also said it has reduced supplies of direct sale of diesel to the [...]
Oil and Natural Gas Corp (ONGC) has ruled out listing of its highly successful overseas subsidiary ONGC Videsh Ltd in the near future, saying the company did not need funds for its operations.
“Today in the prevailing situation, I see no reason why we should get OVL listed. Transparency is not an issue. We have an [...]