Ruia brothers-owned Essar Oil and Gas Exploration and Production (EOGEPL) is planning to exploit prospective 7.7 Trillion Cubic Feet (Tcf) of shale resources from its flagship Raniganj East block at a cost of $1 billion, Chief Executive Officer Vilas Tawde told ETEnergyworld.
Essar Oil UK (EOUK), a unit of India’s Essar Group, has acquired some strategic assets from BP to boost its logistics infrastructure network for expanding in the UK where it runs an oil refinery at Stanlow on the south side of the Mersey Estuary near Liverpool.
Nayara Energy (formerly known as Essar Oil) has approached the Bombay High Court against the Reserve Bank of India (RBI) governor, revenue department and the Enforcement Directorate (ED).
Russian oil firm Rosneft, the biggest foreign investor in India’s energy sector, Friday criticised taxation policy in the country saying it was a major hurdle in its expansion plans.
Nayara Energy, formerly Essar Oil, said it is taking a fresh look at previously announced plans to double refining capacity to 40 million tonnes, but continues to pursue retail network expansion aggressively with an aim to ramp up the number of petrol pump
A fire which broke out at a Shell-owned chemical plant on the same site as Essar Oil UK’s Stanlow refinery in northwestern England on Wednesday has been extinguished.
Essar Oil & Gas Exploration and Production Ltd (EOGEPL) today said it has signed a Gas Sale and Purchase Agreement (GSPA) with state-owned gas utility GAIL India for sale of entire coal-seam gas (CBM) it plans to produce from Raniganj block.
Essar Oil and Gas Exploration and Production Ltd is planning to sell as much as 30% in its flagship coal-bed methane (CBM) block in Raniganj, West Bengal, said two people familiar with the development.
The Telugu Desam Party (TDP) accused the Narendra Modi government of causing a revenue loss to the government by camouflaging a deal entered into between private firm Essar OilNSE -0.04 % and Russian energy giant Rosneft as a government-to-government transaction.
Ruia-owned Essar Oil and Gas Exploration and Production Ltd (EOGPL) is planning to more than double Coal Bed Methane (CBM) production from its flagship Raniganj East block to 2.3 Million Standard Cubic Meter per day (mmscmd) from the current 1 mmscmd, a senior company executive said.