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Oil & Gas

Reliance Industries has raised $800 million by selling 10-year bonds – the first offering since Moody’s raised India’s sovereign rating. The bonds were priced at 3.66 per cent, the lowest coupon ever achieved by an Indian corporate for a 10-year issuance, the company said in a statement today. RIL, which is rated the same as […]

Oil and Natural Gas Corporation’s overseas arm ONGC Videsh will be acquiring stake in offshore Namibia block. A company statement said that OVL through its wholly owned indirect subsidiary ONGC Videsh Vankorneft Pte. Ltd (OVVL)) has signed definitive binding agreements with Tullow Namibia Ltd (Tullow), a wholly owned subsidiary of Tullow Oil plc, for acquiring […]

Over Rs.30,000 crore will be invested over a two year period to set up small scale industries in the petrochemical sector in eastern India. This move will create one lakh employment opportunities in India’s eastern region.Indian Oil Corp (IOC) has already commissioned a 15 million tpa oil refinery at Paradip port town on the Odisha […]

India’s biggest natural gas importer is going to some of the most isolated parts of the nation to fight the pollution choking its cities. Petronet LNG Ltd. plans to build small plants that will liquefy natural gas from fields with little access to pipeline infrastructure, and then sell it to trucks and buses, chief executive […]

Drilling contract is with Oil and Natural Gas Corporation Limited (ONGC) for its Bokaro coal-bed methane (CBM) asset. The project will entail the provision of drilling and mud services along with the provision of associated equipment and is estimated to generate total revenues of at least $15 million over the three year period. Randeep S. […]

Israel said on Wednesday it received bids to explore for oil and gas in its economic waters from Greece’s Energean and a consortium of Indian firms including ONGC Videsh, Bharat PetroResources, Indian Oil Corp and Oil India. Israel says Greek and Indian firms to explore offshore.Israel hoped it would draw 2-3 foreign firms to come […]

Shell Lubricants, the global market leader in finished lubricants, has partnered with Uber, the world’s largest on-demand ridesharing company to provide premium services to driver partners registered with the Uber App. Lubricants major along with Pitstop (a doorstep car service company,) is setting up kiosks at Uber’s Partner Service Centres across the nation to help […]

Gail India closed on Tuesday a tender seeking to buy two liquefied natural gas (LNG) cargoes for delivery between November and January, trade sources said. Tender is valid until Nov. 15 and the discharge period for the cargoes is between Nov. 20-Dec. 31 for the first and Jan. 10-31 for the second, traders said. https://af.reuters.com/article/commoditiesNews/idAFL8N1NK4FY

Hindustan Oil Exploration Co Ltd (HOEC) has submitted a USD 43-million development plan to bring to production the Mumbai offshore oil field it had won in the first discovered field auction in March. HOEC is the first company out of the 31 that signed contracts for the fields won in the auction in March, to […]

L&T Hydrocarbon Engineering, a wholly owned subsidiary of L&T, has bagged an offshore contract from Oil and Natural Gas Corporation (ONGC). Scope of the project involves balance work for the pipeline replacement project-IV. L&T bagged the contract against international competitive bidding encompassing total engineering, procurement, construction, installation and commissioning (EPCIC) of the project.Project is part […]