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CAG raps ONGC for Rs 8K cr loss due to poor rig management

Dec 10, 2015

CAG raps ONGC for Rs 8K cr loss due to poor rig management

The Comptroller and Auditor General of India (CAG) has rapped India's largest oil and gas producer ONGC for poor planning in hiring and use of drilling rigs that resulted in a loss of Rs 7,995 crore. #CAG #ONGC #oil and gas #drllling #rig
Govt mulling policy to push oil and gas investments in North East

Dec 01, 2015

Govt mulling policy to push oil and gas investments in North East

Oil production has come down from 4.84 million tonnes to 4.54 million tonnes between 2011 to 2015 and refineries in the region are now being fed from imported crude oil. #Economy #Energy #ONGC #PolicyWatch #oil and gas #Tripura #North East region #CII North East Energy Summit
D&M submits final report on ONGC-RIL gas dispute

Dec 01, 2015

D&M submits final report on ONGC-RIL gas dispute

At gas price of $4.2 per million British thermal unit, the volume of gas belonging to ONGC which RIL has produced comes to $1.7 billion (Rs 11,055 crore). #Business #Reliance Industries #Energy #NewsTracker #ONGC #KG-D6 #oil and gas #Dhirubhai-1 #DM #Dhirubhai-3
Petroleum ministry in hunt for younger bureaucrat for DGH

Nov 05, 2015

Petroleum ministry in hunt for younger bureaucrat for DGH

In June, Ajay Prakash Sawhney, additional secretary in Ministry of Petroleum and Natural Gas was given additional charge of DGH upon superannuation of Director General, BN Talukdar. #Energy #NewsTracker #oil and gas #Ministry of Petroleum and Natural Gas #BN Talukdar #Ajay Prakash Sawhney
ONGC has no claims in KG gas row, says Reliance Industries

Oct 16, 2015

ONGC has no claims in KG gas row, says Reliance Industries

RIL believes if all the expenses it had incurred in putting up infrastructure as well as royalties and profit petroleum paid to the government on the share of gas produced is accounted for, ONGC will get nothing. #Business #Reliance Industries #Energy #ONGC #Delhi High Court #KG-D6 #CompanyWatch #Directorate General of Hydrocarbons #oil and gas #Ministry of Petroleum and Natural Gas #DeGolyer and MacNaughton
Thanks to decimation of gas sector, hydrocarbons explorers have a new prayer on their lips: 'God, let there be no gas'!

Oct 08, 2015

Thanks to decimation of gas sector, hydrocarbons explorers have a new prayer on their lips: 'God, let there be no gas'!

By artificially suppressing domestic gas price, the government of India only ended up with more loss to exchequer in royalty and cess along with a depressed investment climate. #Economy #Energy #crude oil #ConnectTheDots #ONGC #Petrol #LNG #oil and gas #Oil India #Messrs Petronet LNG Ltd #RasGas #Domestic gas price
Moody's says what S&P has said. S&P has said what E&P industry has been saying. Anybody listening?

Oct 05, 2015

Moody's says what S&P has said. S&P has said what E&P industry has been saying. Anybody listening?

Indian oil and gas industry has slowed in recent years and is gasping to survive while being smothered by regulatory and bureaucratic hurdles. #Reliance Industries #Energy #ConnectTheDots #ONGC #Moody's #Cairn Energy #Natural gas #Standard & Poor's #oil and gas #GSPC #Leviathan
Anil Agarwal announces Vedanta, Cairn India merger; deal to be completed by 2016

Jun 15, 2015

Anil Agarwal announces Vedanta, Cairn India merger; deal to be completed by 2016

Industrialist Anil Agarwal on Sunday announced the merger of two of his group companies -- the oil and gas exploration major Cairn India with the natural resources arm Vedanta Ltd. Cairn shareholders will get one equity and one redeemable preference share of Vedanta. #Business #NewsTracker #Vedanta #Cairn India #oil and gas #Shareholders #Anil Agarwal #natural resources
First oil merger in a decade: Royal Dutch Shell buys rival BG Group for $70 bn

Apr 08, 2015

First oil merger in a decade: Royal Dutch Shell buys rival BG Group for $70 bn

Britain's BG had a market capitalisation of $46 billion as of Tuesday close, Shell was worth $202 billion while Exxon, the world's largest oil company by market value, was worth $360 billion. #Royal Dutch Shell #oil and gas #Shell #Merger #BG Group