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Construction & Infrastructure News

OVL seeks oil in lieu of $537 million due from Venezuela

September 2016

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is seeking $537 million worth of crude oil in lieu of cash due for ...

ONGC Videsh Ltd, ONGC, Crude oil, Venezuelan oilfield, San Cristobal field, PDVSA, Petroleos de Venezuela SA, Orinoco Heavy Oil belt

Mangalore caverns ready for more crude oil to hold strategic reserves

September 2016

The government-owned Indian Strategic Petroleum Reserves Ltd (ISPRL) is ready to fill the just-built underground rock-cut caverns near Mangalore with...

Indian Strategic Petroleum Reserves Ltd, Mangalore, Crude oil, Rajan Pillai, SPM, Engineers India Ltd, Geostock of France

HPCL Visakh Refinery processes 9.2 MT crude in FY16

August 2016

Hindustan Petroleum Corporation Limited´s (HPCL) Visakh Refinery processed 9.2 million tonnes (MT) of crude oil during 2015-16, which was nearly 111 ...

HPCL, Visakh Refinery, MMTPA, Bitumen, ATF, Aviation turbine fuel, Crude

Govt to link major ports

June 2016

As part of the port connectivity objective of the Sagarmala Programme, the government aims to enhance the connectivity of major ports in the country ...

Port, Sagarmala Programme, NPP, Road, Rail-connectivity Infrastructure, Freight expressways, Pipelines, Transporting crude, Petroleum products

Cairn India reports quarterly loss; reaffirms potential in Rajasthan block

May 2016

Cairn India reported a quarterly loss of Rs.10,948 crore for the March quarter, primarily led by impairment loss on goodwill and non-producing oil an...

Cairn India, Oil and gas, Crude oil, Mayank Ashar, RDG, EOR project, PSC

ONGC to invest $5 bln in KG Basin

April 2016

State-run Oil and Natural Gas Corporation (ONGC) has unveiled a Rs.34,000 crore ($5 billion) long-delayed investment plan to develop its KG Basin fie...

Oil and Natural Gas Corporation, KG Basin, Crude oil, Dinesh Sarraf

IL&FS Engineering bags Rs.52.4-cr GAIL contract

February 2016

IL&FS Engineering and Construction Company Ltd has received the Letter of Acceptance (LoA) from Gas Authority of India Ltd (GAIL) for laying and cons...

IL&FS Engineering and Construction Company Ltd, GAIL, Pipeline, EPC, ISPRL, Land Fall Point, Mangalore Port, Mangalore/Padur Cavern, Crude oil
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