The state-owned oil exploration major the Oil and Natural Gas Corporation on Saturday has approved the revised cost estimates for developing the much-talked about Cairn India’s Mangla oilfield in Rajasthan and agreed to invest around $350 million more on the on-land fields. For full story, click here
The Board of Oil and Natural Gas Corp may consider tomorrow if ONGC will invest more in Cairn India’s Rajasthan oilfield despite the project offering negative returns on investment. For full story, click here
Kuwait Gulf Oil Co. has planned to invest around $11 billion in the next 20 years to boost oil output capacity to 900,000 barrels per day from a divided zone it shares with Saudi Arabia. For full story, click here
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