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HPCL, partners to divest 40% stake in gas block

State-owned Hindustan Petroleum Corporation and its partners will divest 40 per cent of their stake in a gas-bearing block in offshore Australia to US-based Apache Corporation."We have agreed to......

Oilex strikes huge gas reserves in Gujarat

Australia's Oilex on Monday said it has made huge natural gas discovery in Gujarat that may hold over 1.5 Trillion cubic feet of recoverable reserves. Industry estimates put the total resource base......

GSPC-Essar bid for Syrian oil block

A consortium of Gujarat State Petroleum Corp and Mumbai-based Essar Group has bid for an oil and gas exploration block in Syria. Syria had offered seven onshore oil and gas blocks in the latest......

BPCL to invest Rs 6,000 cr in exploration business

Bharat Petroleum Corporation lans to invest around Rs 6,000 crore (Rs 60 billion) in the exploration and production business over the next few years. The company already has stakes in nine assets......

NELP VI may throw up new ties

The auction of oil blocks under NELP VI, for which bidding closed on Thursday, could see the emergence of some new partnerships and players in India's upstream sector.Mukesh Ambani's Reliance......

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