Oil & Gas - Page 22

The Board of Directors of Oil and Natural Gas Corporation (ONGC) has accorded its in-principal approval for exploring options for restructuring of ONGC group companies. The includes the merger of ONGC's subsidiaries

CRISIL Research expects profitability of oil marketing companies (OMCs) to rebound in fiscal 2020 with crude prices unlikely to sustain at the current high levels. And for this fiscal, rising crude

Oil and Natural Gas Corporation Ltd (ONGC) has drilled 503 wells in 2017-18, which is the highest number of wells drilled in last 27 years. Among the 503 wells, 119 exploratory and

IndianOil has signed an agreement with Mitsubishi Chemical Corporation, Japan for sourcing technology & associated services for Acrylic Acid Unit at Dumad, Gujarat. Acrylic Acid will be used in the production of

H-Energy Gateway (the energy venture of Hiranandani Group) has launched India’s first Floating Storage Re-gasification Unit (FSRU) based LNG terminal at JSW Jaigarh Port in Ratnagiri District, Maharashtra. The Jaigarh Port is

BP and Reliance Industries Limited (RIL) have announced the sanctioning of the ‘Satellite cluster’ project in Block KG D6. The companies are moving forward to develop the Block’s discovered deep-water gas fields

Shell has announced that its wholly owned subsidiary, BG Asia Pacific Holdings Pte Ltd (BGAPH) has diluted its shareholding in the publicly listed Mahanagar Gas Limited (MGL) from 32.50% equity to 24.0%

An Indian Consortium consisting of IOCL, BPCL and HPCL and Saudi Aramco signed a Memorandum of Understanding (MoU) here to jointly develop and build an integrated refinery and petrochemicals complex, Ratnagiri Refinery

IndianOil has acquired 17% participating interest in Mukhaizna Oil Field (including the Marketing Rights for entitlement oil) by acquiring 100% equity stake in Shell Exploration & Production Oman (SEPOL) from Shell Overseas

Konkan LNG, a 100 per cent subsidiary of Gail India, will pump in around Rs 3,000 crore to double the capacity at its liquefied natural gas (LNG) terminal at Dabhol in the