Oil Ministry Floats Refinery Investment To Vedanta As Cogs Turn On Cairn Takeover Deal

HPCL To Continue Expansion Programme With 360,000b/d Maharashtra Refinery

Industry / India State-run Hindustan Petroleum Corporation Ltd (HPCL) is considering a US$6.7bn plan to build a 360,000 barrel per day (b/d) refinery in Maharashtra in western India.

Singh Looks To Replicate US Shale Boom

Economy / India The US and India have agreed to cooperate on the exploration and development of India's shale gas resources, US President Barack Obama and Indian Prime Minister Manmohan Singh announced at a press conference...

ONGC Sounds Conciliatory Tone, Royalty Reform Remains The Prize

Companies / India India's state-run Oil and Natural Gas Corporation (ONGC) does not have any pre-conditions for Cairn Energy's proposed sale of its Indian subsidiary to Vedanta Resources, the company's chairman said on...

Delhi Offers 34 Blocks In NELP IX, Looking To Improve On NELP VIII

Economy / India The Indian government on October 15 launched the ninth round of the New Exploration Licensing Policy (NELP IX), putting 34 onshore and offshore blocks covering over 85,000sq km up for auction.

Reliance's US$1bn Bond Sale Offers Long-Term Play On Indian Growth

Finance / India BMI View: We expect strong investor interest in Reliance's latest bond sale given the company's solid balance sheet, the positive growth outlook in its core oil and gas business, longer-term growth...