Essar Oilfields Services India Ltd announced on Wednesday that it has won a contract worth Rs 28 crore from state-run gas utility GAILBSE 0.04 % India to drill three firm and two optional wells in the Cambay Basin in Gujarat.
State-run GAIL (India) has won a contract for buying coal-bed methane (CBM) gas produced from Essar Oil’s Raniganj block in West Bengal.
Indian refineries booked the largest amount of West African oil to load per day in February since April 2015, helping to shore up a decline in Chinese buying, a Reuters survey of vessel fixtures and traders showed on Friday.
Repeat order from ONGC
Essar Oilfields aims to become significant partner in India’s energy security; Company’s MR#11 land rig to drill 30 wells in ONGC’s CBM block in Bokaro, Jharkhand
Essar Energy Disburses INR 891 Crore (Inr 76.41/share) To Erstwhile Public Shareholders Of Essar Oil As Additional Payout
Erstwhile public shareholders, who tendered EOL shares in the delisting cum exit offer of 2015, received an additional amount of INR 76.41 for every share tendered
The Congress recently alleged that the BJP government in Gujarat had let four private companies -Adani, ESSAR, Tata and China Light Power – to “squander” Rs 26,000 crore of the public exchequer. The Opposition claimed that the ruling party had purchased electricity from these four companies at “unimaginably high rates” in a “huge power purchase scam”.
Gujarat BJP Government Squandered Rs 26,000 Crore By Buying Electricity At High Rates From Adani, Essar, Tata And China Light Power: Congress
The Congress on Thursday alleged that the BJP government in Gujarat had let four private companies — Adani, ESSAR, Tata and China Light Power — to “squander” Rs 26,000 crore of the public exchequer by purchasing electricity from them at “unimaginably high rates” in a “huge power purchase scam” in the state.
Private players such as Reliance Industries and Essar owned by Russia’s Rosneft have tripled the number of petrol and diesel outlets in India in the last two years
The Essar Group on Tuesday said it will pay an additional Rs 75.48 per share to Essar Oil’s ex-shareholders, who tendered their shares at the open offer in the run-up to the delisting of the company that was sold to the Russian giant Rosneft on Monday for USD 12.9 billion.
hashi and Ravi Ruia promoted Essar Group has concluded its biggest monetisation exercise by selling flagship Essar Oil to Russia’s energy giant Rosneft and partners Trafigura and UCP Investment Group, providing relief to lenders.