ONGC, Oil India in Mozambique Gas Field Bid
Friday, March 15, 2013 India's Oil & Natural Gas Corporation and Oil India have jointly bid to buy a 20-percent stake in an Anadarko-operated Mozambique oil and gas field.
India State Cos Acquire 30% Stake in Carrizo's Shale Asset
Thursday, October 04, 2012 Oil India Ltd. and Indian Oil Corp. said they will acquire a 30% stake in Carrizo's Niobrara shale oil acreage in Colorado, gaining entry to America's booming shale industry.
Indian Consortium Bids for ConocoPhillips Assets in Canada
Monday, September 24, 2012 A consortium of India's state-run companies have jointly bid to acquire stakes in oil-sands assets owned by ConocoPhillips in Canada that are valued around $5B.
India to Allow Foreign Company Bids in Shale Gas Licensing Round
Wednesday, August 01, 2012 India will allow foreign companies to bid in its first round of shale-gas licensing, as part of efforts to fast-track exploration of unconventional resources.
Oil India Plans to Invest $4B in Five Years to Raise Output
Tuesday, September 13, 2011 Oil India plans to raise its capex 73% to about $4B in the 5 years starting April 2012 as the state-run explorer seeks to sharply raise O&G production.
India Approves Award of 33 Oil and Gas Blocks
Friday, March 19, 2010 The Indian government Friday approved the award of 33 oil and gas blocks nearly six months after the blocks were auctioned under NELP VIII.
India Gives Thumbs Up for $2B Carabobo Oil Investment
Friday, March 19, 2010 The Indian government Friday approved an investment of $2.18 billion during 2010-2015 by three state-run oil companies in Venezuela's Carabobo 1 oil block.
OVL Consortium to Develop Heavy Oil Blocks in Orinoco Belt
Thursday, February 11, 2010 An OVL-led consortium was awarded a 40% ownership interest in a Mixed Company that will develop the Carabobo 1 Norte and Carabobo 1 Centro blocks located in the Orinoco Heavy Oil Belt.
Companies Face Stiff Competition for Iraq's Prized Oil Fields
Thursday, December 10, 2009 Competition is expected to be fierce between international companies for some of Iraq's 10 oil and gas fields at a licensing auction in Baghdad Friday and Saturday.
India Finalizes Farsi Gas Block Development Plan with Iran
Thursday, December 03, 2009 The Indian government is in the process of finalizing the master development plan with National Iranian Oil Co. for the Farzad-B gas field, according to junior petroleum minister Jitin Prasada.
India May Revamp Oil Round Terms; OK on Oil Price
Monday, September 28, 2009 India hopes to raise nearly $3 billion in investment via its 2009 oil and gas exploration licensing round.
India Cos Unlikely to Produce Oil from Iran Block
Tuesday, September 15, 2009 According to a senior executive, India's state-run oil companies will likely not produce any oil from Iran's Farsi block due to the low value of high-sulfur crude and low returns on investment, but natural gas resources could be developed.
Indian Oil Cos Could Invest $5B in Iran Gas Field Devt
Monday, September 07, 2009 ONGC Videsh and its partners Indian Oil and Oil India could invest $5 billion to develop a massive gas field they discovered in offshore Iran.
India's Oil Cos Propose $5B Investment in Iranian Gas Block
Thursday, June 25, 2009 India's state-controlled oil companies are proposing to invest some $5 billion in a gas discovery located in Iran's Farsi Block.
Rocksource Clarifies Operations at Block CY-DWN-2001/1
Monday, November 03, 2008 Rocksource has clarified that the partnership has completed the first of three wells in the work program for block CY-DWN-2001/1, and that the well did not encounter any moveable hydrocarbons.
Rocksource Farms-In to ONGC's Offshore India Block
Tuesday, September 16, 2008 Rocksource signed an agreement with ONGC to farm into 10% of the exploration block CY-DWN-2001/1 located in the Cauvery Basin, offshore south eastern India. ONGC is the Operator with Oil India and Petrobras as partners.
Rocksource Nabs 10% Equity Stake in Indian Shelf Block
Monday, September 08, 2008 Rocksource has concluded negotiations to complete a farm-in agreement with ONGC for a 10% equity stake in exploration block CY DWN 2001/1 on the Indian Shelf.
Indian Oil Exec Says Iran Farsi Block Gas Devt. May Cost $3B
Friday, June 13, 2008 Indian Oil Corp., along with other state-run Indian oil firms, is eyeing a $3-billion project to develop the gas find in Iran's Farsi block, a senior company executive said Friday.
NOC Signs Exploration and Production Sharing Agreement in Libya
Tuesday, May 27, 2008 The National Oil Corporation signed an Exploration and Production Sharing Agreement with a Consortium, including Sonatrach, Oil India and Indian Oil.
IOC, Oil India Join Hands with Algerian, Explore Libyan Block
Wednesday, January 23, 2008 Indian Oil Corporation Ltd (IOC) and Oil India Ltd (OIL) have joined hands with Sonatrach, the national oil company of Algeria, for production of oil in a Libyan onshore block.