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OIL completes acquisition of 50% stake in oil block in Russia

Last Updated: Friday, July 04, 2014, 16:57

OIL bought the stake from Ireland-registered, Russia- focused firm PetroNeft Resources plc in License 61 in Tomsk Oblast in Russia.

Govt contemplating auctioning 25 deallocated coal blocks

Last Updated: Tuesday, July 01, 2014, 14:26

The Coal Ministry is considering auctioning 25 captive coal blocks which where taken back from the companies due to their failure in developing them.

'RIL to defer investment in developing new fields'

Last Updated: Monday, June 30, 2014, 19:02

The consortium is also investing USD 1.529 billion in developing four other satellite fields that can produce 10 mmscmd.

NTPC may begin production from two coal mines by June 2016

Last Updated: Sunday, June 29, 2014, 11:52

The three coal blocks were earlier forfeited from the state-run company as it failed to develop them within the stipulated timeframe.

Sri Lankan hardline Buddhists say Facebook accounts blocked after violence

Last Updated: Friday, June 27, 2014, 17:33

Buddhist activists accused of involvement in violence against Sri Lanka`s minority Muslims said on Friday that accounts of their group`s members on social media site Facebook had been blocked.

Egypt blocks three Iraqi TV stations from broadcasting

Last Updated: Tuesday, June 24, 2014, 18:58

Egypt has barred three private Iraqi TV stations from its main satellite system, the broadcasting regulator said on Tuesday, after Baghdad complained that their coverage was stoking sectarian tensions.

GCA to be appointed to resolve ONGC-RIL dispute

Last Updated: Sunday, June 22, 2014, 13:03

GCA is a worldwide petroleum consultancy with over 50 years of experience in providing independent technical, commercial and strategic solutions.

Cairn to invest $200 mn in Rajasthan gas field

Last Updated: Thursday, June 19, 2014, 16:15

The USD 200 million investment during FY2015-17 will be towards developing existing Raageshwari Deep Gas field and associated field facilities and pipeline.

Fire breaks out in North Block office of Ministry of Finance

Last Updated: Wednesday, June 18, 2014, 10:01

A fire broke out on the second floor in the Ministry of Finance at North Block on Wednesday.

Cairn gets environmental nod to raise oil production

Last Updated: Tuesday, June 17, 2014, 11:08

Cairn India has received environmental nod for raising crude oil production from its prolific Rajasthan fields by 50 percent to 300,000 barrels per day.

Take decisions, I`ll back you: PM Narendra Modi to secretaries

Last Updated: Wednesday, June 04, 2014, 20:49

In a first, Prime Minister Narendra Modi on Wednesday met the secretaries of all the government departments collectively and asked them to take decisions without fear.

Coal Minister Goyal seeks update on missing files

Last Updated: Monday, June 02, 2014, 19:42

Coal Minister Piyush Goyal has sought an update on missing coal block allocation files and ordered "micro-filming" of all documents to prevent such problems in the future.