The board of Oil and Natural Gas Corp. Ltd is likely to give its final approval Saturday to the revised investment in developing Cairn India Ltd-operated RJ-ON-90/1 Block in Rajasthan. For full story, click here
Cairn India declared that it will sell its Rajasthan crude oil at a discount of about $16 a barrel to the grade of Oil and Natural Gas Corp’s Mumbai High crude oil. For full story, click here
Oil and Natural Gas Corporation wants to quit from Cairn India’s prolific Rajasthan oil fields but the exit will not absolve it from its obligation to pay government levies on the crude oil produced. For full story, click here
Oil and Natural Gas Corporation wishes to exit Cairn India’s prolific Rajasthan oilfields as it has found the project economically unviable due to the Government levies that it will have to bear. For full story, click here
Five years after the announcement of its plan to build a refinery at Barmer in Rajasthan, Oil and Natural Gas Corporation is finding it difficult to go ahead with the proposal. For full story, click here
The government announced that it is mulling allowing Cairn India to export crude oil from the Rajasthan fields, having found buyers of even less than one-third of the company’s planned peak output from the blocks. For full story, click here
Reliance Industries and Essar Oil announced that the two companies are keen on buying crude oil from Cairn India’s Rajasthan fields even as the Petroleum Ministry struggles to find takers of the nation’s most prolific oil discovery among public sector firms. For full story, click here
Public sector ONGC is looking at potential crude oil resources in Rajasthan’s Hadauti region and adjoining districts, according to officials. For full story, click here
State-run explorer Oil and Natural Gas Corp. Ltd has announced its plans to set up a strategic petroleum reserve, in Rajasthan, a storage facility to hold crude oil that is expected to be completed by December. For full story, click here
Cairn India Ltd., a unit of U.K. explorer Cairn Energy Plc, has the option to export crude oil from its fields in India’s Rajasthan state if the government doesn’t find a buyer for the entire output. For full story, click here
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