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Oil and Gas

Fiscal Year:

India-Iran sign agreements on crude oil imports, gas field development

New Delhi: India and Iran have signed agreements related to crude oil imports, petrochemical complexes and gas field development, in addition to India committing to invest US$ 20 b...

April 12, 2016

Mines ministry set to identify 50 blocks for private exploration

New Delhi: The Government of India is in the process of identifying at least 50 potential blocks of 100 sq km and above to be given to companies for bringing private investment in ...

January 04, 2016

Qatar slashes gas price for India, waives off Rs 12,000-cr penalty

New Delhi: The long-term deal between India's Petronet LNG (PLNG) and Qatar’s RasGas for purchase of Liquefied Natural Gas (LNG) has been renegotiated to incorporate a lo...

January 01, 2016

Essar Projects, Saipem JV bags US$ 1.57 bn contract in Kuwait

Mumbai: Essar Projects, the engineering, procurement & construction (EPC) arm of Essar Group, in a joint venture with Italy’s Saipem has won a US$ 1.57 billion contract f...

October 27, 2015

Why Iran nuclear deal may lead to windfall gains for India

New Delhi: The recent pact between Iran and the US, European Union (EU) and other western countries will have significant impact on the energy and economic ties between Indian and ...

August 03, 2015

Shell to open largest offshore delivery centre globally in Bengaluru

Bengaluru: Shell is in the process of establishing its largest captive unit or offshore delivery centre in Bengaluru called ‘The Shell IT Centre Bengaluru’, which is ...

June 05, 2015

Exxon to set up $500m centre in Bengaluru

Bengaluru: Exxon Mobil plans to make a massive US$ 400-500 million investment in Bengaluru to establish a technical and business support services centre.

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May 28, 2015

Make in India: L&T, Hyundai Industries ink LNG carriers agreement

Mumbai: Larsen & Toubro (L&T) has signed a technology transfer agreement with South Korea's Hyundai Heavy Industries to build carriers for liquefied natural gas (LNG)...

May 12, 2015
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