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TODAY'S PRESS HEADLINES...Centre’s draft marginal field policy provides slew of sops (Financial Express)...Diesel shortage looms large as oilcos plan import cuts (Economic Times)...NTPC to seek joint ventures with exploration firms for gas supplies (Live Mint)...Hungary's MOL acquires stake in India block (Reuters)...Hinduja keen on Kakinada refinery even sans ONGC (PTI)...GSPC to raise up to $1.5 bn in IPO (Reuters)...Airlines yet to translate lower jet fuel sales tax into reduced fares (Indian Express)...Asia Gasoil-India BPCL buys June at lower premiums (Reuters)...Seven international oil companies for off-shore blocks in Bangladesh (PTI)...MRPL to expand capacity (The Hindu)...
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Ministry, Politics & People
RS Sharma parachuted in to take charge of NTPC
Director commercial RS Sharma has been formally appointed as chairman and managing director of NTPC...
NELP-VII at risk as litigation looms over tax holiday
Finance minister Palaniappan Chidambaram’s eagerly awaited statement on April 29 in parliament over...
Srinivasan blocks two-year extension for Ajay Tyagi
Oil secretary MS Srinivasan is blocking efforts to retain Ajay Tyagi as secretary to the Petroleum...
Aker promises to deliver FPSO for MA by end-June
Aker Floating Production, a subsidiary of Norwegian engineering giant Aker Kvaerner, has again put...
Goldman Sachs shortlists three majors for D6 farm-out
This is not the first time we hear Reliance wants to farm-out a minority stake in KG-DWN-98/3 (D6).
GAIL misses April 21 deadline set by Supreme Court
GAIL has missed the April 21 deadline set by India’s Supreme Court to provide pipeline connectivity...
Winning a court battle is not enough to secure gas
Adani Energy and Haryana Gas are the first private sector gas retailers to successfully break GAIL’s...
Exploration & Production
Bassein gas dwindling as ONGC steps up production
Gas from the giant Bassein field offshore Mumbai is running out, despite sustained efforts by ONGC...
Arrow confident it can drill 39 wells in 12 months
Arrow Energy believes it can beat its Phase-I work programme for three CBM blocks in India by...
Ambitious Essar wants to hire drilling rigs to Aramco
Dubai-based Essar Oilfields Services, part of the Mumbai-based Essar Group, has taken the first...
Geopetrol talks with ETA stall over Arunachal block
Seven months is a long time to close a deal for 10% in an exploration block, but not if you are...
Canoro faces leaking wells at Changpang in Nagaland
Canoro Resources will have its work cut out if and when it assumes its new role as developer of the...
Oilex proposes 60 new drilling locations at Cambay
Australian explorer Oilex has applied to the environment ministry in Delhi for permission to drill...
Nabors and Saag share ONGC’s modular rig contracts
US-based Nabors Drilling and Saag RR, the Indian subsidiary of Malaysia’s Saag Consolidated, are set...
Midstream, Downstream & Power
No takers for IGL proposal to deliver CNG in ‘cascades’
Adani Energy and Haryana City Gas dismiss the offer by GAIL-BPCL joint venture Indraprastha Gas to...
Torrent asks GAIL for 500,000 cm/d PMT gas now
Torrent Power and GAIL are deadlocked over a request by the Gujarat-based electricity generation...
GAIL criticised over $0.12 extra charge for PMT gas
GAIL is coming under fire over plans to charge $0.12/mmbtu marketing margin in its talks with...
SBI Caps looking for Sabarmati Gas strategic partner
Investment banker SBI Caps is continuing its search for a strategic partner to take a 50% stake in...
GSPC invites offers from consultants to source LNG
GSPC is looking for a consultant to help it source LNG from global markets for a proposed third LNG...
Glass and tile producers prefer south Gujarat to north
Glass and tile manufacturers are abandoning north Gujarat for south Gujarat, where gas is more...
Crude pipeline to proposed Bina refinery almost ready
Contractors are working overtime to lay a 931-km crude oil pipeline from Vadinar on the Gujarat...
News In Brief
OVL director finance i/v next week
Re-scheduled interviews to select the new director finance at ONGC Videsh will be held from May 5 to...
ONGC sells gas from Chaklasi field
ONGC is beginning to see the value of its dormant marginal gasfields, cheered by customer...
Tullow first claim to Blackford Dolphi
Reliance is unlikely to see mobilisation of the Blackford Dolphin semi-submersible before early...
BG may re-hire both Ensco rigs at PMT
British Gas received bids on (Monday) April 28 for two jack-ups needed for its 21-well redevelopment...
Maharashtra Natural Gas gets new MD
Shama Sundar, 50, is the new managing director of Pune-based Maharashtra Natural Gas, a gas retail...
Arya plans repair base at Bhavnagar
Mumbai-based Arya Offshore and GSPC want to develop Bhavnagar port in Gujarat as a repair and supply...
Gas three-wheeler production cut back
Unavailability of natural gas, rising LPG prices and the lack of new CNG stations have compelled...
ONGC sets May 6 for floater pre-bid
ONGC has organised a pre-bid on May 6 in Mumbai for its tender to hire a 7500-ft capable floater for...
Oil India to increase AAP-ON-94/1 stake
Oil India is expected to increase its stake at AAP-ON-94/1 in Assam following better than expected...
Reliance opposes Bina refinery SPM
Reliance has written to the Gujarat Maritime Board protesting against a planned Single Point Mooring...

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