Indian oil companies could acquire up to 20 percent of an oil field belonging to the Abu Dhabi National Oil Company (ADNOC), Utpal Bora, CMD of Oil India Limited, said on Thursday.
Oil India Limited (OIL) is highly optimistic of finding hydrocarbon deposits, specially natural gas in Mizoram, companys chief manager for exploration Rupiyot Phukan today said.
The central government’s Alternative Mechanism (AM) is aiming at being better than UPA’s GoM (Group of Ministers) model in achieving quick decisions involving strategic disinvestments and amalgamations.
Modi-Trump Summit has successfully open the avenues of natural gas cooperation between the U.S. and India. The scope of this cooperation is based on the premise of the U.S. shale gas boom and technology advancement in hydrocarbons, which can not only help India to increase its domestic gas production but also increase its share of LNG exports to India.
Oil India Limited, has commenced a survey to check for the presence of hydrocarbons in Manipur.
Oil India Limited (OIL), India’s second largest National Exploration & Production Company has recently bagged the Golden Peacock National Training Award 2017 and Golden Globe Tigers Award 2017 for industry excellence in Training.
Oil India Limited (OIL), India’s second largest National Exploration & Production Company, celebrated its 58th Foundation Day with full fervor and zeal at it’s Corporate Office in NOIDA on 18th February, 2017.
The final public hearing for exploring shale oil and gas by Oil and Natural Gas Corporation Limited (ONGC) and Oil India Limited was conducted without any hitch in Alamuru mandal headquarters of East Godavari district on Saturday.
The acquisitions that have been completed includes purchase of 23.9% shares of the charter capital of JSC Vankorneft, a company organised under the laws of the Russian Federation, which is the owner of Vankor and North Vankor Field licenses, from Rosneft Oil Company (Rosneft), a National Oil Company of Russia as also the acquisition of 29.9% of the participatory share in the charter capital of LLC Taas Yuryakh Neftegazdobycha (TYNGD), from LLC RN Razvedka I Dobychya, a wholly-owned subsidiary of Rosneft.
Indian Oil Corporation Limited (IndianOil), Oil India Limited (OIL) and Bharat PetroResources Limited (BPRL), through a joint venture company formed by their wholly-owned subsidiaries in Singapore, on Wednesday completed acquisition of participatory stakes in E&P assets of Russia’s national oil company