Oil Gas

Oil & Gas Cos To Spend $1.87 Bn In Cybersecurity By 2018

The lack of appropriate security has already allowed a number of destructive cyber-attacks to lay waste to some of the most high-profile companies in the industry, says ABI Research.

Process Integration Ensures Business Profitability

M D Agrawal, CIO, BPCL feels process integration will lead to business profitability for oil & gas companies. He adds that coining innovative practices in marketing and production is very important.

Rolta Announces Acquisition Of Piocon Technologies

The Piocon solution can be scaled to address process improvements in a refinery to achieve downtime reduction, inventory rationalisation, optimisation of crude selection, and improved refinery planning.

ONGC inks deal to buy extra 11% stake in Russian Vankor fields

State-run explorer Oil and Natural Gas Corp (ONGC) has signed definitive agreements with Russian state-run oil major Rosneft OAO to purchase additional 11 per cent stake in JSC Vankorneft.

ONGC Videsh raises $1 bn via bonds issuance to fund Vankor stake buy

The proceeds of the issue would go to refinance a $1.2 billion bridge loan the company had taken from a group of foreign banks to make payments for the $1.268 billion acquisition

Saudi Aramco, Total mull entering India's retail fuel market

India recently offered Saudi Aramco a stake in refineries and petrochemical projects

Govt’s new single-licence, free-pricing gas policy took long in coming, but just might revive the sector

ONGC Videsh, IOC, Oil India sign deals to access Russia's lucrative hydrocarbons sector

As per deal between ONGC Videsh and Russian oil behemoth Rosneft, the former will pick up 15 percent stakes in Vankorneft oil fields in Siberia for $1.3 billion

Oil & gas block auction policy to be ready by FY16: Dharmendra Pradhan

Government expects to finalise the new policy for auction of oil and gas blocks during the ongoing financial year, Oil Minister Dharmendra Pradhan said.

Govt proposes to free gas pricing, start revenue sharing for exploration

In the new regime, the companies will have to indicate the quantity of oil and gas they will share with the government at different stages of production as well as at different rates