Cabinet nod for 31 bids for small oil, gas fields exploration
The Cabinet Committee on Economic Affairs, Wednesday gave its approval to award contract in 31 contract areas (44 fields – 28 onland and 16 offshore) of discovered small fields of Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL).
Feb 15, 2017, 20:58 PM ISTIOC, OIL, BPRL to buy Russian oil field for $1.3 billion
Indian Oil Corp, Oil India and Bharat Petroleum today signed an agreement to buy stakes in Russia's Taas-Yuriakh oil field in East Siberia for about USD 1.3 billion
Mar 16, 2016, 16:39 PM ISTRussia bombs nearly 1,500 Syrian targets, oil fields: Military
The airstrikes also "destroyed a large militant base" at a strategic location near Kassab in Latakia region, leading to Syrian army "taking the high ground.
Dec 05, 2015, 01:41 AM ISTGovt to auction 69 oil & gas fields; Rs 70,000 crore to be monetised
In a 'paradigm' shift, government will auction 69 idle oil and gas fields of state-owned ONGC and Oil India to private firms on a new revenue sharing model and liberalised terms including pricing and marketing freedom.
Sep 02, 2015, 20:36 PM ISTRIL to relinquish two gas discoveries off east coast
RIL and its partners -- BP plc of UK and Canada's Niko Resources -- will relinquish discoveries D-40 in NEC-25 block off the Odisha coast and D-31 in KG D6 block, sources privy to the development said.
Jul 19, 2015, 11:31 AM ISTONGC to invest Rs 41,678 crore on new fields
The company, which produced 25.94 million tonnes of crude oil and 23.52 billion cubic meters of gas in 2014-15, is boosting investment to reverse the declining trend in output at bulk of its old and ageing fields.
Jun 07, 2015, 13:34 PM ISTGovt to auction 69 small oil fields of ONGC, Oil India to private firms
The government will soon auction 69 small and marginal oil fields of state-owned ONGC and Oil India to private firms as a precursor to a full fledged licensing round, Oil Secretary Saurabh Chandra said on Tuesday.
Apr 21, 2015, 15:22 PM ISTGovt to auction oil fields of ONGC to private companies
Government plans to auction 69 small and marginal oil fields of state-owned ONGC and Oil India Ltd to private firms on a new revenue sharing model.
Apr 14, 2015, 15:46 PM ISTOil Ministry says $5.6 bn production loss at PMT fields
Sources said the ministry told PMO that BG and its partners Reliance Industries and ONGC, had initiated arbitration on the issue related to cost recovery limit prescribed in the Production Sharing Contract (PSC).
Dec 21, 2014, 14:46 PM ISTONGC to hike stake in Cairn block
Though the royalty is later cost recovered, the company faces cash flow issues because of the payment.
Jun 16, 2014, 13:05 PM IST