Archive for the 'Petroleum' Category
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 [...]
February 8th, 2010 | Posted in FMCG, Manufacturing, Petroleum, Reliance | No Comments
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 [...]
January 7th, 2010 | Posted in Petroleum | No Comments
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 [...]
November 18th, 2009 | Posted in Petroleum | No Comments
Oil India to set up a mini LNG plant
September 29th, 2009 | Posted in Petroleum | No Comments
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 [...]
August 31st, 2009 | Posted in Petroleum | No Comments
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 [...]
August 17th, 2009 | Posted in Ipo, Petroleum | 2 Comments
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% [...]
August 17th, 2009 | Posted in Ipo, Petroleum | 13 Comments
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.
June 22nd, 2009 | Posted in Indian Stock News, Ipo, Petroleum | No Comments
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 [...]
June 15th, 2009 | Posted in Petroleum, Reliance | 5 Comments
IOC to buy crude from Cairn
February 4th, 2009 | Posted in Petroleum | No Comments
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 [...]
September 22nd, 2008 | Posted in Petroleum, Reliance | No Comments
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 [...]
July 26th, 2008 | Posted in Petroleum | No Comments
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 [...]
July 17th, 2008 | Posted in Petroleum | No Comments
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 [...]
July 14th, 2008 | Posted in Petroleum | No Comments
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 [...]
July 9th, 2008 | Posted in Petroleum | No Comments