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ONGC draws a blank on offer of stake in Deen Dayal gas fieldONGC has failed for the third time to find a partner for the Deen Dayal gas field in the KG basin. The field, acquired from GSPC, has faced...- After 7 years and $1.2 bn investment, ONGC offers stake in Deen Dayal gas fieldAfter investing nearly USD 1.2 billion over seven years with limited success, the state-owned Oil and Natural Gas Corporation (ONGC) is act...
- ONGC looks to sell stake to global companiesONGC has invited expression of interest (EoI) from global oil and gas companies "for firming up a viable strategy" in the development of De...
- ONGC offers stake in KG block to foreign firmsONGC has floated an initial tender seeking interest of global majors with "requisite technical expertise and financial strength" to join as...
- ONGC completes Rs 7,700 crore acquisition of GSPCGSPC, a Gujarat government firm, will remain in the Block holding 10 per cent stake which it acquired from the outgoing partner Geo Global ...
- ONGC wins government nod for Rs 7,738 crore GSPC stake buyThe company will also pay part consideration of Rs 1,295 crore to GSPC towards acquisition rights for discoveries other than DDW field in t...
- ONGC signs pact to buy out GSPC's KG block stake for $1.2 billionONGC will pay $995.26 million for three discoveries in the KG-OSN-2001/3 block that are under trial production since August 2014.
- ONGC board approves pact to acquire GSPC stake for $1.2 bnBesides the payout to GSPC, ONGC will have to pay for the entire development cost of the six discoveries which may run into at least a coup...
- Centre overrules Gujarat State Petroleum Corp's demand for $8.5 gas price"GSPC has not intimated about the start of commercial production of gas from its discoveries in the Block KG-OSN-2001/3 in KG Basin," Pradh...
- GSPC will follow central government announced price and policy: Gujarat finance minister Saurabh PatelThe firm owned by the Guj govt had discovered a market formula that gives a price of about $10.5 per mmbtu at the current oil rate of $80 p...
- First dissent on gas price, Gujarat firm demands higher ratesGas from DDW field, it said, is produced from most challenging conditions like HTHP and low permeability, requiring high capital and techno...
- Gujarat State Petroleum Corporation’s KG gas to sell at $4.2/unit till OctoberGSPC claims to have invested about Rs 15,000 crore on the block located near Reliance Industries-operated D6 block in the KG basin.
- Gujarat government firm seeks $13 gas priceCompany wants to price DDW gas at a rate equivalent to the price at which India imports long-term gas in its liquid form LNG from Qatar.
- Hazira port's proposal to double LNG capacity moved to MoEFThe proposal has been recommended to the Ministry of Environment and Forests (MoEF) to grant Coastal Regulatory Zone (CRZ) clearance by Guj...
- Gujarat State Petroleum Corp seeks government nod to sell KG gas at $ 13Gujarat government company GSPC has asked Central government to approve its plans to sell natural gas from a field in KG basin at $13-14
- GSPC takes cue from RIL, seeks LNG price of KG gasPetronet pays RasGas of Qatar a price of 12.67 per cent of JCC, besides incurring a $0.26 per mmBtu cost on transporting the gas in ships.
- GSPC spuds third appraisal well in DDE of KG blockGujarat State Petroleum Corporation today said it has spudded its third appraisal well in the Deen Dayal East area of the KG Block.
- Government extends contract area of GSPC in KG Basin by 20.5 sq kmThe government has granted 20.5 square kilometre (sq km) additional area in the prolific KG basin to Gujarat State Petroleum Corp (GSPC).
- GSPC in talks with Singapore GIC for fund raisingGovernment of Singapore Investment Corporation (GIC), is one of the world's leading sovereign wealth fund, established by the Government of...
- GSPC raises Rs 3,000 crore term loan to fund DDW in KG basinGSPC IPO is likely to be sometime later next year as it has tied up Rs 3,000 crore term loan through a consortium of 15 banks.
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