Regional News: South Asia

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Oilex Commences Gas Sales from Cambay-73 in Gujurat's Cambay Field
Monday, June 29, 2015 Oilex commences gas sales from Cambay-73 to local market near the Cambay Field in Gujurat, India.

LTHE Bags $426M Contract for India's Bassein Development Project from ONGC
Thursday, June 25, 2015 L&T Hydrocarbon Engineering bags a $426.26 million engineering, procurement, construction and installation contract for the Bassein Development Project in western offshore basin, India from ONGC.

Carlyle Backs Former Cairn Energy Execs' Indian Venture
Monday, June 22, 2015 Carlyle Group will invest up to $500 million in Magna Energy Ltd, a new India-focused upstream oil and gas company co-founded by two former Cairn Energy executives.

ONGC Videsh Seeks 20-Fold Increase in Spending Allowance for M&A
Thursday, June 18, 2015 ONGC Videsh, the overseas unit of India's biggest oil and gas explorer, is seeking a 20-fold increase in the amount it's allowed to spend on acquisitions without state approval.

Talks Surface on Rosneft Taking 49% Stake in India's Essar Oil
Wednesday, June 17, 2015 Rosneft is reportedly negotiating to acquire a 49 percent stake in India's Essar Oil.


Billionaire Agarwal Combines Units Amid Resource Downturn
Monday, June 15, 2015 Billionaire Anil Agarwal’s Vedanta Ltd. will absorb unit Cairn India, combining India’s biggest producer of aluminum and copper with the operator of its largest onshore oil block.

Aqualis Offshore Secures ONGC Services Contract
Friday, June 12, 2015 Aqualis Offshore secures a contract to provide marine warranty services to Oil and Gas Corporation Limited (ONGC) offshore India.

India's Cambay-73 Oil & Gas Field Production Facilities Ready for Start-up
Tuesday, June 09, 2015 Oilex says Cambay-73 oil and gas production facilities in Cambay field in Gujarat, India are ready for commissioning and start-up.

ONGC to Spend $6.5B to Boost Oil & Gas Production in India
Monday, June 08, 2015 ONGC intends to spend around $6.51 billion to develop new fields and redevelop mature fields in India to boost its oil and gas production, according to a local daily.

Mercator Petroleum Discovers Oil at Jyoti-1 Well in Cambay Basin in Gujarat
Thursday, June 04, 2015 Mercator Petroleum makes its first oil discovery at Jyoti-1 well in Block CN-ONN-2005/9 in the Cambay Basin, Gujarat, India.

India's Oil Addiction to Vault Nation Into Top 3 Global Guzzlers
Thursday, June 04, 2015 India’s growing middle class will soon make it the third-biggest oil consumer, reshaping the global energy map as China uses less and the U.S. produces more.

Great Eastern Energy Corporation Reports Reserve Increase at Raniganj South
Wednesday, June 03, 2015 Great Eastern Energy Corporation Limited announces that Proved reserves (1P) at the Indian Raniganj South license area increased 232 percent from December 31, 2013 to November 30, 2014.