This will be the third extension for completing CBM project that was given to ONGC nine years ago.

The government has approved Cairn India’s proposal to ramp up its Rajasthan block’s output by another 25,000 barrels per day after its partner in the block, public sector ONGC, has endorsed raising

Cairn can raise output from its largest oilfield in Rajasthan block by 25,000 barrels per day to 150,000 bpd

After more than six-month wait, the Government today gave approval to Cairn India to raise output from its largest oilfield in Rajasthan block by 25,000 barrels per day to 150,000 bpd. Rajasthan block oversight committee, called Management Committee, at its meeting today approved raising Mangala oil field production from 125,000 bpd to 150,000 bpd, sources privy to the deliberations at the MC meeting said.

India has offered Qatar stake in some of the major petro projects, including the petrochemicals complex at Dahej in Gujarat, Indian Oil Corporation's (IOC's) LNG project in Ennore, Tamil Nadu, BPCL's petrochemical project in Kochi, petrochemical project in Mangalore and investment opportunity in the Paradip refinery and petrochemical project to further enhance its strategic partnership and ties.

New Delhi After the Union Budget wiped out $1 billion from Cairn India’s market cap by raising the cess on oil production from R2,500 per tonne to R4,500, the government continues to sit on the company’s applications for both increasing production from its existing MBA (Mangala, Bhagyam and Aishwarya) fields in Rajasthan as well as to carry on more exploration in its Rajasthan block.

If the applications are cleared, apart from the gains Cairn and its partner ONGC will make, the government stands to gain R6.8 crore a day (of this, R2.1 crore is for the Rajasthan government) and the country can save R12.5 crore of forex every day in the immediate future;

In talks with Shell, Petronet LNG to book capacity

Faced with a shortfall in gas production from its KG-D6 field, Reliance Industries Ltd (RIL) is set to make its debut in the marketing of imported natural gas. India Gas Solutions, the equal joint venture between RIL and British Petroleum (BP) set up to source and market natural gas in India, will shortly bring in liquefied natural gas (LNG) through the terminals of Shell India and Petronet LNG.

Cairn Energy India Pty Ltd. (CEIL), on Tuesday, said it had discovered oil in Nagayalanka-SE-1 well in the onshore block of Krishna-Godavari Basin.

CEIL, the wholly-owned subsidiary of Cairn India Ltd. (CIL), has notified the management committee — comprising Director-General of Hydrocarbons, ONGC and Ministry of Petroleum and Natural Gas — of the discovery in the onshore block KG-ONN-2003/1.

New Delhi: Responding to the ongoing conflict between Sudan and less than oneyear-old South Sudan, India has appointed a special envoy to broker peace between the two countries that hold the key to

Ahmedabad: Central effluent treatment plants are posing a serious threat to the health of human beings in the state. In hazardous and polluted clusters of Gujarat, the central effluent treatment plants (CETP) are expected to treat industrial sludge to prevent its harmful effect on human and other forms of lives.

But, CAG, in its latest report, has found 12 CETPs doing just the opposite. The report is critical of Vapi, Ankleshwar, Nandesari, Kadodara, Sachin and Jetpur.

New Delhi Declines to give a grace period for completing Paradip refinery project

The finance ministry has declined to give a grace period to Indian Oil Corporation (IOC) for completing its Paradip refinery in Orissa that has missed the March 31 deadline for benefiting from the seven-year income tax holiday.