Oil and Natural Gas Corporation said on Friday it was invited by the Maersk Oil to participate in the bidding for buying a 30 per cent stake in two Caspian Sea blocks.
After a perilous 500-km road journey out of conflict-torn Tehran, stranded Indian tourist Falguni Dey reached Iran's Astara border with Azerbaijan on Tuesday evening, but his ordeal is far from over.
Following the preliminary investigations into the crash of Azerbaijan Airlines Flight 8432 in which 38 passengers were killed near Aktau in Kazakhstan, it was revealed that a Russian missile was responsible for the crash, Euronews reported on Thursday, citing sources from the Azerbaijani government.
Russian President Vladimir Putin on Saturday apologised to Azerbaijan's President Ilham Aliyev for the crash of Azerbaijan Airlines Flight 8432 in which 38 passengers were killed near Aktau in Kazakhstan, Euro News reported.
Kazakhstan will give ONGC Videsh Ltd an oil block in the Caspian Sea.\n\n
The lowly kadu is promoted to an awesome pumpkin soup.
According to one newspaper report, Tu-95 strategic bombers fired the missiles from the Caspian Sea, located more than 1,000 miles from the Ukrainian capital.
ONGC Videsh Ltd (OVL) on Wednesday said its $5 billion bid to buy a stake in Kazakhastan's biggest oilfield has been blocked by the central Asian nation.
Kashagan oil field is the world's most expensive energy project.
Some analysts have raised doubts on the wisdom of the recent deal. Though the Kashagan field has been under development for 12 years, involving an investment of almost $50 billion, the output isn't great. Even the earlier acquisition of Imperial Energy Corporation has not met the targets.
ONGC Videsh and ConocoPhillips said the transaction is expected to close in the first half of 2013.
The Cabinet Committee on Economic Affairs last evening gave OVL, the overseas arm of the state-run explorer, approval to invest its share of $204 million in the oilfield. Over and above these, the two have committed a minimum exploration investment of $165 million and an additional optional exploration expenditure of $235 million.
In Mumbai, ONGC Chairman R S Sharma confirmed Mittal's pullout. OVL had anticipated such a move and had a few months back sought Cabinet approval to invest all of the $400 million in the Satpayev on its own in case Mittal walked out.
ONGC Videsh Ltd, the overseas arm of India's largest oil producer, Oil and Natural Gas Corporation, is holding talks with the Iranian government for exploring an oil block in the northern part of the country. Chinese company Sinopec is also believed to be in the race for the block. This could not be independently confirmed. The block is near the Caspian Sea.
The OVL-Mittal joint venture had also bagged two blocks in Nigerian deepwater, OPL 279, in which OMEL has 40 per cent stake, and OPL 285, in which the company owns 60 per cent, the other partners being French oil major Total, and Nigerian EMO. The Turkmenistan block covers an area of 5,663 sq km and is located close to discovered and producing fields.
These 10 images prove that it's an odd, odd world out there...
The deaf kids could not hear the commotion due to the fire, which took place in a school in the Caspian Sea port of Makhachkala.
Forest officials said 43,156 water fowls of 121 different species were spotted in the lake during the survey last summer, of which 9,928 were found in Nalabana bird sanctuary.
Russia on Wednesday carried out intense rocket strikes targeting the Islamic State in Syria from warships in the Caspian Sea, 1500 km away.
A nine day Indo-Russian joint air force exercise concluded at the Halwara Air Force Station in Punjab that saw fighter, helicopter and missile crew of the two countries operating together.
Pop star Lady Gaga sang John Lennon's Imagine sitting at a flower-covered piano as the inaugural European Games.
India's ONGC has lost the giant Kashagan oilfield to the Chinese after Kazakhstan blocked its $5 billion deal to buy US energy major ConocoPhillips' stake in the Caspian Sea oilfield.
The new service will travel through 18 countries and each bus will accommodate 20 passengers.
The German was joined on the front row of the grid by reigning world champion and closest rival Lewis Hamilton, in a Mercedes.
A Korean couple and a retired Army Major General were among 310 people rescued by Chandigarh-based 12 Wing of the Indian Air Force, which has been conducting non-stop sorties during the past three days to evacuate people from flooded areas of Srinagar.
Efforts to normalise trading relations expected during the first such meet on Saturday
Formula One's 83-year-old commercial supremo Bernie Ecclestone said in May that an agreement had been signed for a street race in the Azeri capital, on the shores of the Caspian sea, next year.
The inaugural European Games has won over the doubters, even with low profile athletics and swimming events.
'It is important to note that American officials were trying their best to use the Taliban for their oil games till December 1997 when Mullah Ghous was invited to America. State Department officials did not show any interest in capturing or killing Osama bin Laden even at that time.'
The Security Council as it is today is unable to bring peace and security in the world and so there is reason for countries like India to become members of the Council, Ambassador Asoke Kumar Mukerji tells Sheela Bhatt/Rediff.com.
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