Reliance Industries said it has permanently shut down its only oil field in the flagging KG-D6 block after production declined to nil. Reliance Industries (RIL) had till date made 19 oil and gas discoveries in the Krishna Godavari basin.
India and Russia are expected to conclude a deal during their October 5 annual summit here to increase Delhi’s investments in Russian oil fields. India is eyeing to develop energy ties as a key pillar of the strategic partnership.
The government’s muddling in sectoral policies to favour public sector undertakings and dissuade competition and investments ultimately results in hurting the larger consumer interest.
Coal India subsidiary Mahanadi Coalfields Ltd (MCL) has decided to double the 53.1-km Jharsuguda-Sardega rail link to scale up coal handling.
The rupee’s slide continues to play havoc with fuel prices. After pushing petrol and diesel prices to historic highs across the country, a substantially weakened rupee is expected to jack up CNG(compressed natural gas) and PNG (piped natural gas) prices
Loss of Gujarat State Petroleum Corporation Ltd (GSPC), which was once projected as a major success, has turned State Public Sector Units (SPSU) net loss-makers during the fiscal 2016-17, said a report of Comptroller and Auditor General (CAG) of India
LNG buyers are making the best of a surge in gas supply. Most of the recent sale-purchase agreements (SPAs) with a term of over two years were done through the tender route, Petronet LNG Ltd highlighted in its annual report.
It is no mystery that India is highly vulnerable against international crude oil, after all its the third largest oil importer in the world. The country’s dependency on oil imports is about 80% of its total consumption. Currently
Ending the confusion over signing deals under the Open Acreage Licensing (OALP-I), London Stock Exchange-listed Anil Agarwal-led Vedanta Resources has received shareholder and board approvals for signing contracts for 41 oil and gas blocks on October 1.
Coal India subsidiary Mahanadi Coalfields Ltd (MCL) has decided to double the 53.1 km Jharsuguda-Sardega rail link to scale up coal handling.