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INDIA OIL DRILLING
Rs 84,084 crore incentive on offer, but India's deepsea oil exploration bids delayed againIntroduced in 2016 under the Hydrocarbon Exploration and Licensing Policy, OALP sought to replace the government-driven identification of e...- Gas hunt: RIL, ONGC, BP may share $1-billion infra facilityThe shared infrastructure, under the $1-billion plan, model aims to reduce development costs, eliminate standalone facilities for smaller d...
- ONGC Q2 profit jumps 57% to Rs 15,489 crore on higher oil prices, rupee depreciationONGC has reported a significant 57% increase in quarterly profit, reaching Rs 15,489 crore. The profit surge is attributed to higher oil an...
- India opens special deepwater oil, gas bidding round, offers to fund up to 50% of well costsIndia is launching a special licensing round for deepwater and ultra-deepwater oil and gas blocks under its ₹84,084 crore Samudra Manthan o...
- Forget solar and wind: India bets on heat buried deep underground for round-the-clock clean electricity; here's the big planIndia is stepping up efforts to tap its estimated 10.6 GW geothermal energy potential, with its first two geothermal wells commissioned in ...
- SC notices to Centre, Assam on Oil India plea on rejection of drilling proposal at national parkThe Supreme Court has requested responses from the Ministry of Petroleum and Natural Gas regarding Oil India's proposal. This proposal invo...
- Govt to bankroll half the cost of deepwater wells, but wants its money back from winnersThe Indian government is initiating the Samudra Manthan scheme to encourage deepwater exploration for hydrocarbons. This scheme will provid...
- OMCs back interim LPG distributors' commission hike; ministry approval awaited: AIHPGDAIn a communication dated October 22, AIHPGDA President Rajendra B said the assurance came during a bipartite meeting held on October 21 at ...
- Govt sets rules for Rs 84,084-cr offshore oil hunt, will share deepwater drilling riskThe Indian government will implement the Samudra Manthan scheme to encourage deepwater oil and gas exploration. Funding will cover part of ...
- Welspun Corp’s $350 million US bet rides rising oil, gas pipeline demandWelspun Corp is focusing on the US market by investing $300-350 million in two manufacturing plants. The company aims to benefit from incre...
- Defence stocks: Time to change strategy in a bearish market? An ecosystem with down and upside potential of -39% to plus 37%The current fall is both at the level of the indices and the broader market. And when the selling is this broad, almost every sector is aff...
- Stocks in news: ONGC, Lloyds Metals, Canara Bank, Rays of Belief and GRSEIndian stock markets closed higher on Monday, with the Nifty 50 and BSE Sensex gaining points. Several companies, including ONGC and Canara...
- Gas found near Odisha coast: ONGC strikes Mahanadi deepwater well under Samudra Manthan, finds encouraging flow at 1,450 metresGas found near Odisha coast: ONGC has discovered gas in a deepwater exploration well in the Mahanadi Offshore Basin, around 43 km from Kona...
- GAIL looks to sell its stake in US shale businessGAIL Global (USA) (GGUI), its wholly owned unit, had floated a tender last February to sell its entire 20% non-operated working interest in...
- OIL CMD Ranjit Rath outlines the company's growth prioritiesOIL is eyeing higher domestic oil and gas production, accelerated exploration including deep and ultra-deepwater opportunities, strengtheni...
- Oil India to invest Rs 15,000 crore over three years in deepwater exploration, eyes eight wellsOil India plans to invest approximately fifteen thousand crore rupees in deepwater exploration over three years. The company intends to dri...
- Rupee seen in 94.50-96.50 range as RBI steps up interventionThe rupee is expected to trade within a narrow range over the medium term. Stepped-up Reserve Bank of India interventions have helped curb ...
- Reliance Industries to raise Rs 12,500 crore via five-year bondsIn a significant financial maneuver, Reliance Industries aims to secure ₹12,500 crore via a five-year bond issuance, orchestrated by Indian...
- Spike in crude prices, US yields brings India’s m-cap below $5 trillionIndian stock markets experienced a significant decline on Tuesday. Crude oil prices surged above one hundred dollars a barrel. United State...
- Rupee hits 3-month low as crude surges, US bond yields breach 5%The Indian rupee reached its weakest point in three months on Tuesday. This depreciation occurred as Brent crude oil prices surged past $10...
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