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Shell, Reliance & ONGC JV completes India's first offshore facilities decommissioning projectA joint venture, including Shell, Reliance Industries Ltd, and ONGC, has successfully completed India's first offshore decommissioning proj...- India to appeal arbitration award in favour of Reliance Industries and ShellOn 9 June, the government lost its appeal in The English Commercial Court against a Rs 867 crore ($111 million) arbitration award in favour...
- Govt loses challenge to $111 million arbitration award in dispute with Reliance/ShellRejecting the govt's arguments, the court said the objections are barred by an English law principle whereby a party cannot raise matters i...
- Government challenges Panna-Mukta field arbitration award before English High CourtReliance and Shell had through the arbitration sought raising of the limit of cost that could be recovered from sale of oil and gas before ...
- ONGC gets cracking at Panna-Mukta field; cost-saving measures reap dividendsSoon after taking over the field last month, ONGC changed the shipper to state-owned Shipping Corporation Ltd, resulting in saving of about...
- Shell-Reliance give up Panna-Mukta fields; western offshore fields to revert to ONGCPanna-Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea off the Mumbai coast were in 1994 awarded a consortium of US energy giant...
- Company can claim expense deduction paid to its unit: ITATBG International had filed income tax returns for 2010-11, in which it deducted expenditure of Rs 97.28 crore paid to its Indian subsidiary...
- L&T Hydrocarbon bags Rs 1,000 crore order from domestic firmsL&T Hydrocarbon has secured a Rs 1,000 crore order from oil and gas firms including a Rs 700 crore order from BG Exploration and Production...
- ONGC, Cairn India & BG Group rejig stakes in Krishna-Godavari blocksThe KG basin is witnessing hectic M&A activity with state-run ONGC, Cairn India and Britain’s BG Group reshuffling their stakes.
- CAG rebukes ONGC for 'unfruitful' expenditureThe Comptroller and Auditor General of India (CAG)has said that Oil & Natural Gas Corp (ONGC)has incurred "unfruitful expenditure" of Rs 2,...
- BG eyes 30% in ONGC's KG blockBritish oil major British Gas is all set to pick up a 30% stake in ONGC’s KG basin block (KG-DWN-98/4) and 25% in Mahanadi basin block (MN-...
- OIL ropes in BG to bid for NELP-VII deepwater blocksOil India (OIL) is believed to have roped in British major BG to jointly bid for seventh round of National Exploration and Licensing Policy.
- ONGC, RIL & BG to spend $1 bn on PMT fieldsAlong with its two partners-Reliance Industries and British Gas, state-owned ONGC plans to spend an additional $1billion on the Panna-Mukta...
- Govt rejects BG offer to pick stake in ONGC blocksThe government has rejected a proposal of British energy firm BG to acquire a stake in three deep water exploration blocks of Oil and Natur...
- Fresh bids for 3 KG blocks in next round of NELPUnfazed by growing opinion in domestic and international circles on the issue of denying the ONGC-BG combine rights to three oil blocks whi...
- BG set to invest Rs 400 crore to gain market share in SouthThe UK-based British Gas (BG) plans to invest around Rs 400 crore to capture city gas distribution markets in the South. The company has in...
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