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.
After officially being renamed Nayara Energy, the Essar Oil Limited (EOL) on Sunday launched its new logo which is inspired by the virtues of fluidity, optimism and connectivity.
Russian oil firm Rosneft-owned Essar Oil Ltd (EOL) is planning to raise ₹3,000 crore in debt funding to meet its financial requirements, said two people aware of the company’s plans.
Indian oil companies importing from Iran, especially Oil and Natural Gas Corporation Ltd. and Essar Oil Ltd., could be hit by the U.S.’ decision to impose financial sanctions on Iran, said Fereidun Fesharaki, chairman of global oil and gas consultancy FGE.