Having stood by Iran in its tough times, India expects Tehran to reciprocate by awarding rights of the coveted Farzad-B gas field to its discoverer, ONGC, Oil Minister Dharmendra Pradhan said. Upset with the USD 5.5 billion master development plan submitted by ONGC Videsh Ltd – the overseas investment arm of state-owned Oil and Natural […]
Day: June 15, 2017
Mukesh Ambani, BP’s Dudley meet Oil Minister Pradhan
Mukesh Ambani, India’s richest man, and his British partner Bob Dudley of BP today came calling on the government as they looked to revive investments in deep-sea gas exploration and production after an eight-year hiatus. Dudley, whose last visit in January 2015 led to India revisiting the natural gas pricing formula and a higher rate […]
Oil prices hover around 7-month low levels on doubts over Opec’s output cut
Oil prices hovered near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts over the Organisation of the Petroleum Exporting Countries’ (Opec) ability to implement production cuts. Brent crude futures were at $46.92 per barrel at 06:43 GMT, down 8 cents from their last close and after slumping […]
Green panel nod for Rs 2600-cr GMR Hyd airport expansion plan
The Expert Appraisal Committee under the Ministry of Environment, Forest and Climate Change has accorded permission for GMR Group’s proposal for the Rs 2,629 crore expansion plan of Rajiv Gandhi international airport here. GMR Hyderabad International Airport Limited (GHIAL) which manages the airport is in the process of expanding the current design capacity from the […]
Dassault Aviation and Reliance Defence rally Indian aerospace industry
Dassault Aviation and Reliance Defence, in cooperation with its partners, rally the Indian aerospace industry in New Delhi Today, Dassault Aviation along with its key partner Reliance Defence hosted close to 200 delegates from the aerospace industry, from different parts in India representing over 60 Indian companies and 25 French companies in New Delhi. This […]