New Delhi: State-run Oil India is looking to buy stakes in US gas driller Chesapeake Energy Corp.'s Mississippi Lime basin and ConocoPhillips' oil sand assets in Canada, its head of finance said on Monday. The cash-rich Indian explorer, whose assets in India's north-east account for its entire crude oil production and the bulk of gas production, has been aggressively scouting to bolster its overseas assets portfolio. Oil India has earmarked...
02:10 AM, May 29, 2012
New Delhi: The whole ONGC auction confusion has taken its toll on the government's disinvestment plan as this was being seen a test case for more such deals. As a result the divestment of Oil India and heavy engineering goods firm BHEL have been put on hold. Heavy Industries and Power Enterprises Minister Praful Patel had earlier said that it would happen during the next fiscal. The government is looking...
07:55 AM, Mar 02, 2012
New Delhi: The government said it granted Vedanta Resources conditional approval on Thursday to buy a stake in British oil explorer Cairn Energy's Indian business, in a deal valued at around $ 6 billion. Cairn Energy agreed last week to sell a 40 per cent stake in Cairn India to Vedanta. The sale, one of the largest in India's energy sector, has been delayed for more than 10 months due...
08:08 AM, Jul 01, 2011
New Delhi: All options are open for Indian state energy firms to make a bid to counter London-based Vedanta Resources' proposed offer to buy a majority stake in Cairn India, an oil ministry source said. The oil ministry made the statement after a media report said ONGC, GAIL and Oil India were considering a joint bid for Cairn India. The oil ministry has not given any direction to state firms...
11:25 AM, Aug 24, 2010
Budget had no big reform plans, but disinvestments target seems set. ...
09:56 PM, Jul 16, 2009
Underdogs Oil India had the game's first chance of the match. ...
11:42 PM, Dec 17, 2008
Air India top the group with four points with Vasco and Bagan tied at three. ...
12:20 AM, Dec 16, 2008
Second half substitutions, brilliance in set pieces were key to Mohun Bagan's win. ...
02:15 PM, Dec 13, 2008
The state-run company will also offer one per cent of its stake to employees. ...
10:45 PM, Aug 30, 2007
Nearly 100 people were evacuated to safer places when a blast took place in an Oil India Limited (OIL) pipeline. ...
11:57 PM, Dec 26, 2006
The decision was taken at a meeting in Guwahati on Wednesday night between OIL Chairman and leaders of AASU. ...
07:47 PM, Dec 21, 2006
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