MUMBAI: The Bombay High Court has refused to grant relief to RelianceNSE 0.94 % Naval Engineering (RNEL) in a dispute with state-owned Oil & Natural Gas Corporation (ONGCNSE 0.25 %) and directed the Anil Ambani-controlled company to approach the arbitral tribunal to resolve the matter.
Category: Oil & Gas
Venezuela turns to India as sanctions cut oil flow to U.S., Europe
Venezuela’s oil exports have tapered off and shifted toward India since new U.S. sanctions began January 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment
Oil rises on OPEC cuts, US sanctions on Iran and Venezuela
SINGAPORE: OilNSE 0.56 % prices rose on Tuesday amid OPEC-led supply cuts and US sanctions against Iran and Venezuela, although surging US production and concerns over economic
Essar Oil to produce 1.7 mn SCMD from Ranigunj for next 2 yrs and double that in 3-4 yrs: Vilas Tawde
With the unconventional simultaneous policy in place, we are looking into the shale prospect in the same blocks, Vilas Tawde, MD & CEO, Essar OilNSE -0.04 % & Gas, tells ET Now.
Cairn India focus is on finding partners for oil & gas blocks: Sudhir Mathur
CairnNSE 0.81 % India is pumping in money to ramp up oilNSE 0.56 % and gas output in Rajasthan. Getting these projects executed is the key, Sudhir Mathur, CEO, Cairn India, told ETNow.
5 investors may join Brookfield for East West buy
MUMBAI: A set of marquee asset management companies, family offices, banks and insurers are said to be interested in participating in the Brookfield-led infrastructure investment trust (InvIT) that is buying the lossmaking East West Pipeline Ltd (EWPL), earlier known as Reliance Gas Transportation Infrastructure Ltd, for an enterprise
UAE keen to invest in refining, petrochemical projects, store oil in India
Betting big on rising oil demand in the world’s third largest energy consumer, oil-rich UAE Monday said it is looking at investing more in refining and petrochemical projects as well as stocking
Venezuela oil czar courts India after $20 billion hit from US
Venezuela’s oil minister made a surprise appearance at an energy event in India, as the embattled OPEC producer seeks closer ties with major crude customers in the face of crippling
Oil prices fall on rising US rig count, Illinois refinery fire
SINGAPORE- OilNSE -0.47 % prices fell by more than 1 per cent on Monday as US drilling activity picked up and as a refinery fire in the US state of Illinois resulted in the shutdown of a large crude distillation unit.
Crude oil prices on a slippery slope
Last week, the crude oil was stuck in a constricted trading range, with futures ending marginally higher, but suffering a weekly loss of close to 5 per cent.
23 blocks on offer in third round of bidding for Open Acreage Licensing Policy
India has offered 23 hydrocarbon blocks in the third exploration bidding round of the Open Acreage Licensing Policy (OALP).
Qatar, India’s biggest supplier, wants natural gas in GST ambit
Qatar, the biggest supplier of liquefied natural gas (LNG) to India, wants the government to consider bringing natural gas in the ambit of Goods and Services Tax (GST). “LNG should be considered to get full benefits of GST,” Qatar Gas CEO Khalid Bin Khalifa Al-Thani said at Petrotech Conference in Greater Noida on Sunday. Natural […]