Top Indian explorer plans first borrowing
India's Oil and Natural Gas Corporation plans to tap the debt market for the first time, an opportunity that may be hard to pass up for bond bulls.
India
India approves creation of state oil giant in $4.6bn deal
India approved the sale of a $4.6 billion stake in state-run refiner Hindustan Petroleum Corp. to the country’s biggest oil and gas explorer, according to a person with knowledge of the decision.
Shell among firms fined over Indian oilfield dispute, report says
India has ordered a trio of firms, including Shell, to pay a combined $3billion fine following arbitration, a news report said.
Cairn picks Xodus for Indian exploration job
Aberdeen-headquartered oil services firm Xodus Group will carry out exploration and appraisal work in India over the next two years.
Vantage Drilling wins work in India
Vantage Drilling has received a letter of award for a three year contract worth about $118 million from the Oil and Natural Gas Company.
Niko Resources to appeal arbitration decision in India
Canadian firm Niko Resources is to appeal a decision against it by an arbitration panel in relation to work in the Hazira field off the west coast of India.
India’s ONGC matches rig move record
India’s Oil and Natural Gas Corporation (ONGC) has matched its own pre-monsoon rig move record set last year offshore India.
Cairn Energy confident of securing Indian dividend payments
Cairn Energy said today that it is confident of forcing through dividend payments totalling $104million it claims to be owed by Vedanta Limited.
BP and Reliance expand India partnership
Indian firm Reliance Industries and BP have sanctioned the first of three joint projects in deepwater gas fields in India.
Greka wins $15m drilling contract in India
London-listed Greka Drilling has won a three-year drilling contract to drill Oil & Natural Gas Corporation's Bokaro coal bed methane asset in India.
Philip Hammond leads India trade mission to boost business ties ahead of Brexit
Chancellor Philip Hammond will start a major trade mission to India by flying the flag for Britain’s financial services industry as he looks to secure a business boost post-Brexit.
Solar-powered system could give remote Indian villages safe drinking water
A solar-powered purification system could provide remote communities in India with clean drinking water for the first time, researchers believe.
India’s oil imports from Iran surge to record high
India's oil imports from Iran surged to a record high last year as some refiners resumed purchases following the lifting of sanctions against Tehran.
Crisis-ridden Brazil lures Iran and India on oil deal
Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nation’s poorest states, according to politicians, a diplomat and other people close to the talks.
India to invest $20bn in deepwater fields
India is to invest $20billion in gas fields in the next five to seven years, according to its oil minister Dharmendra Pradhan.
Scottish oil and gas delegation heading to India
Sixteen Scottish oil and gas companies will visit India to help create links with a country whose oil consumption is rising rapidly.
GE opens tech centre in India, creates 1,000 positions
General Electric (GE) has opened a digital technology centre in India that will create 1,000 jobs.
India offers respite to suffering oil producers
As the oil market anxiously awaits OPEC’s decision next week, some of the countries hardest hit by the biggest price crash in a generation may have found a lifeline outside of the group.
India receives muted response to oil field auction
India has received a muted response to its first auction of a number of small discovered fields.
Rosneft set to join Shell and BP in India, report says
Russian oil giant Rosneft is expected to follow Shell and BP into the Indian fuel retail market with the acquisition of a stake in Essar Oil, a news report said.
BP to follow Shell example in India petrol station venture
BP will follow in the footsteps of rival oil giant Shell by breaking into the Indian petrol station market, a news report said.
RGU wins funds to draw up training programme for Indian oil and gas workers
The UK Government has awarded Robert Gordon University (RGU) funding to identify and close skills gaps in India’s energy sector.
India to partly fund $2bn gas pipeline project
India's government said it will partly fund a $2billion gas pipeline project linking five eastern states.
Expro wins $30m in new work
Expro has landed a £30million contract with the Hindustan Oil Exploration Company (HOEC) for the Dirok gas field in India.
UK and India partnership is strongest when it comes to energy
The UK and India’s relationship’s key strength are its energy ties, according to a British Deputy High Commissioner.