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Construction & Infrastructure News

Centre agrees to pay Rs 6,320 crore as oil royalty to Assam

February 2017

The Centre has agreed to pay Rs 6,320 crore to the Assam government as crude oil royalty as part of an out-of-court settlement after eight years of p...

Assam government, Crude oil royalty, Oil India Limited, ONGC, Petroleum, Natural Gas Rules, Regulations, Development

Centre agrees to pay Rs 6,320 crore as oil royalty to Assam

February 2017

The Centre has agreed to pay Rs 6,320 crore to the Assam government as crude oil royalty as part of an out-of-court settlement after eight years of p...

Assam government, Crude oil royalty, Oil India Limited, ONGC, Petroleum, Natural Gas Rules, Regulations, Development

Oil India MoU with University of Houston

November 2016

Oil India, to augment its reserves base and maximise recovery from its aging oilfields, has entered into an MoU with global leading oil and gas Unive...

Oil India, MoU, University of Houston

Indian consortium to buy stake in Russian oilfield for $3.14 bn

September 2016

Indian Oil Corp, Oil India and a unit of Bharat Petroleum Corporation (BPCL) will buy a 29.9 per cent stake in the Taas-Yuryakh oilfield in East Sibe...

Indian Oil Corp, Oil India, Bharat Petroleum Corporation, East Siberia, Taas-Yuryakh oilfield, Vankor oilfield, CCEA, Taas-Yuryakh Neftegazodobycha LLC, LLC RN-Razvedka I Dobycha, Rosneft

twenty-nine per cent stake in Siberian oil project

January 2016

Indian Oil Corp and Oil India are in talks with Russia´s Rosneft to buy up to a 29 per cent stake in a Siberian oil project, as New Delhi accelerates...

Indian Oil Corp and Oil India, Russia´s Rosneft, Siberian oil project

Iran promises licence for Farzad gas field

September 2015

Iran has promised India the licence to develop ONGC-discovered Farzad-B gas field in the Persian Gulf and has asked the state-owned firm to submit an...

Iran, India, Licence, ONGC, Farzad-B gas, Videsh, Oil India, Indian Oil Corp

OIL eyes early development of NELP blocks

September 2015

Oil India is targeting early development of blocks bagged under New Exploration Licensing Policy (NELP) auctions in KG basin, Rajasthan and Mizoram t...

Oil India, NELP, KG basin, Rajasthan, Mizoram, Hydrocarbon, Blocks

Centre exploring selling IOC stake to other oil PSUs to meet divestment target

January 2014

The empowered group of ministers (EGoM) led by Finance Minister P Chidamabaram had deferred a decision on the divestment of state-run Indian Oil Corp...

Divestment, Stake, Oil, ONGC, Oil India
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