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69 small oil, gas blocks to be auctioned under revenue-sharing

69 small oil, gas blocks to be auctioned under revenue-sharing

🕔10:23, 14.Sep 2015

New Delhi, Sep 14  For the first time, the Indian government will soon begin the process for auction of 69 small and marginal oil and gas fields on a new revenue sharing model, where bidders will quote the revenue they

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Mozambique, India could partner in oil, gas, agriculture: Mukherjee

Mozambique, India could partner in oil, gas, agriculture: Mukherjee

🕔09:55, 7.Aug 2015

New Delhi, Aug 7  Mozambique, which recently made gas discoveries amounting to 200 trillion cubic feet and has vast reserves of coal, could partner with India in the field of oil and gas as well as in agriculture, food processing

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Government clears 30 oil, gas discoveries for production

Government clears 30 oil, gas discoveries for production

🕔13:38, 13.Jan 2015

Greater Noida, Jan 13  The government has cleared 30 oil and gas projects stuck in contractual disputes, that would also help monetise about 2.6 trillion cubic feet of gas reserves, Petroleum Minister Dharmendra Pradhan said Monday. “I am happy to

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Reliance now eyes Mexico in sign of more overseas oil focus

Reliance now eyes Mexico in sign of more overseas oil focus

🕔12:58, 5.Dec 2014

Mumbai, Dec 5  Reflecting its growing appetite to pursue hydrocarbon assets outside India, Reliance Industries has inked a global pact with Mexico’s state-run Pemex to explore oil and gas, even as the North American nation gears for a major international

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Oil India Q2 net drops 33 percent on lower revenue

Oil India Q2 net drops 33 percent on lower revenue

🕔10:28, 13.Nov 2014

New Delhi, Nov 13 State-run explorer Oil India (OIL) Wednesday reported a 32.7 percent decline in net profit at Rs.608.3 crore in the second quarter ended September, caused by lower revenues and operational income. The company had posted a net

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Deadline for comments on oil, gas revenue-sharing contracts extended

Deadline for comments on oil, gas revenue-sharing contracts extended

🕔10:00, 16.Sep 2014

New Delhi, Sep 16  The Petroleum Ministry has extended the deadline until Sep 20 for stakeholders’ comments on a simpler revenue sharing contract, which proposes to replace the present Production Sharing Contracts (PSC). “Timeline for receiving comments on the draft

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OMCs sanctioned Rs.11,000 crore government subsidy

OMCs sanctioned Rs.11,000 crore government subsidy

🕔16:49, 11.Aug 2014

New Delhi, Aug 11 The government will pay state-run oil marketers Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) Rs.11,000 crore in subsidy for the first quarter of this fiscal to recover losses incurred on selling fuel below

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OIL inks MoU with Gazprom for joint explorations globally

OIL inks MoU with Gazprom for joint explorations globally

🕔10:33, 20.Jun 2014

New Delhi June 20 State-run explorer Oil India Ltd (OIL) signed a memorandum of understanding (MoU) Thursday with Russian gas giant Gazprom for jointly pursuing exploration opportunities worldwide, as well as collaborating on liquefied natural gas (LNG). “The MoU also

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