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HYDROCARBON CONCESSIONS
The battle for Hormuz risks sparking the next Iran clashIran is now controlling passage through the Strait of Hormuz. This new arrangement could continue even after the current conflict ends. Gul...- India cuts royalty burden on oil and gas producers in push for domestic outputIndia's Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration an...
- L&T Q4 Results: Profit falls 3% YoY to Rs 5,326 crore; co declares Rs 38/share dividendL&T Q4 Results: Larsen & Toubro reported a 3% YoY decline in Q4 net profit to Rs 5,326 crore, despite an 11% revenue growth to Rs 82,762 cr...
- Iran conflict exposes limits of energy transition, pushes world back to oil, gas and nuclearRecent global events, particularly the Iran conflict, have highlighted the continued reliance on hydrocarbons, pushing back EV targets and ...
- Indian Oil finds unconventional oil resources in Abu DhabiIndian Oil and Bharat Petroleum Corporation Limited have made significant oil discoveries in Abu Dhabi. Testing of Onshore Block 1 has conf...
- Tata Steel gets Rs 1,902 crore demand notice over alleged mineral dispatch shortfallTata Steel faces a demand of Rs 1,902.72 crore from Odisha's mining authorities due to an alleged shortfall in mineral dispatch from its Su...
- Supreme Court asks govt to final decision on case regarding royalty computation of mineralsThe Supreme Court has urged the Indian government to make a final decision regarding the calculation of royalty on minerals. The court high...
- UAE approves mega gas project weeks ahead of COP28ADNOC, the Emirati energy company, has awarded contracts worth $16.9 billion to build a gas project in the Hail and Ghasha offshore fields....
- India can seek duty cuts from China on 200 itemsExports have been hit as China has given deeper duty cuts to India's competitors.
- OVL gets first equity oil from Abu Dhabi fieldNew Delhi, Jun 8 () ONGC Videsh Ltd today said it has received the first ever equity oil cargo from Abu Dhabi's Lower Zakum oilfield, where...
- India presses Russia for tax concessions on ONGC assets operating in the areaDharmendra Pradhan argued for lower taxes for Imperial Energy that ONGC has been struggling with since its purchase six years ago.
- Videocon-BPCL consortium discovers oil off Brazilian coastDrilling has identified two reservoir intervals of light oil and gas - the top with a thickness of 44 meters.
- 11 CAG reports to be tabled in Parliament todayThe audit pointed out that multiplicity of approvals needed for SEZs has meant that less than 40% of the total notified zones are operation...
- Oil India Limited seeks more hydrocarbon concessions globallyThe company operates in 11 overseas countries and produces small quantities of hydrocarbon in the United States, Venezuela and Russia.
- Oil India seeks more hydrocarbon concessions globally"We are aggressively looking for a lot of good property from where we can bring crude oil into India," Sunil Kumar Srivastava.
- Videocon strikes gas in Brazilian offshore blockVideocon Industries today said a well drilled to confirm an oil discovery in its Brazilian offshore block has struck 200 feet of high-quali...
- Cairn to ramp up Indian hydrocarbon productionCairn would be the operator of the farm-in transaction, with PetroSA holding the remainder 40%. Cairn was shooting seismic survey on the bl...
- Discarding 'cost recovery' model to hit exploration and production: Vijay KelkarKelkar has urged govt to put on hold changes in the fiscal regime for oil firms as recommended by a panel headed by C Rangarajan, a key aid...
- Deora puts his foot down, seeks tax gains for gas tooOilmin not to go ahead with Nelp IX till issue settled.
- Dodsal Resources bags O&G exploration block in TanzaniaDodsal Resources has bagged an oil and gas exploration block in Tanzania.
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