Oil & gas
Cairn India gets green nod to hike oil, gas output at Rajasthan block
21 Aug 2014
Cairn India expects its gas reserves in Barmer to be 3 trillion cubic feet, which is almost equal to Reliance Industries’ reserves in the Krishna-Godavari basin in India’s east coast
Apache makes Australia’s biggest oil discovery in decades
18 Aug 2014
Apache Corp's first oil discovery in Australia’s Canning basin, off the western coast, could turn out to be the country’s biggest find in decades
Adani combines with state-run firms to bid for urban piped gas supply
12 Aug 2014
Adani Gas has teamed up with state-run Indian Oil Corp and gas supplier GAIL to bid for licenses to retail CNG and piped cooking gas in 14 Indian cities, including Bengaluru and Pune
Russia’s Rosneft, ExxonMobil start joint drilling despite US sanctions
11 Aug 2014
The Kara Sea oil province, with estimated oil and gas reserves in excess of the Gulf of Mexico, the Brazilian, Alaskan and Canadian Shelves, would match the resource base of Saudi Arabia
LIC questions Cairn India’s $1.25 billion loan to Sesa Sterlite
04 Aug 2014
LIC, which owns 9.09 per cent shares worth Rs5,382 crore in Cairn India, wants to know the economics of lending at 3.5% at a time when a 2-year bank deposit fetches 9-9.5% interest
Hike in gas price likely soon, but not for under-producing Reliance
02 Aug 2014
The petroleum ministry is reported to be looking at a $6-6.5 per unit price for domestically produced gas, lower than the price decreed by the former UPA government
