Reliance Industries Ltd. has dipped out of the grand alliance with Oil and Natural Gas Corporation and Indian Oil Corporation for jointly bidding for a $16-18 billion oilfield in Venezuela. For full story, click here
Friday, June 12, 2009
Private refiners such as Essar Oil and Reliance are in talks with the Petroleum Ministry and Cairn Energy to lift a portion of Cairn’s Mangala crude in Rajasthan, which is expected to flow out shortly. For full story, click here
Continue reading "Essar Oil and Reliance is keen on lifting Cairn’s Mangala Crude"
Friday, May 1, 2009
Indian Oil Corp. declared that it will take just one-tenth of the 40 per cent stake the grand alliance of Oil and Natural Gas Corp. and Reliance Industries along with the state refiner is eyeing in a vast oilfield in Venezuela. For full story, click here
Continue reading "Indian Oil Corp. for 4 percent stake in Venezuala Oilfield"
Monday, April 13, 2009
Oil and Natural Gas Corp, Reliance Industries and Indian Oil Corp the nation’s biggest companies, are reported to come together for the first time to bid jointly for oil field Blocks in Venezuela’s Carabobo areas in the extra heavy oil orinoco belt which will require an investment of USD 16 to 18 billion. For full [...]
Continue reading "OVL, Reliance will jointly bid for Venezuala’s Carababo Project"
Monday, April 6, 2009
Energy heavyweights Reliance Industries Ltd. and ONGC Videsh Ltd. have announced plans to jointly bid for oil exploration and production blocks in Venezuela, forming an alliance that may be expanded to include Indian Oil Corp. Ltd. For full story, click here
Continue reading "RIL, OVL discovers oil hunt tie-up"
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Friday, August 14, 2009