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Oil Industry May Enter Bio-diesel Value Chain : Petroleum Ministry Favours Farm Level Subsidies for Bio-fuels more...
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ONGC Encashes Ramunia’s Bid Bond, Termination Of Contract To Follow
Oil and Natural Gas Corporation (ONGC), as speculated in this column, has encashed the bid bond of Ramunia of Malaysia. Ramunia’s bank, Bank Of America, informed ONGC on May 15 that the bid bond more...
ONGC To Terminate $ 683 M Contract Awarded To Ramunia
Oil and Natural Gas Corporation (ONGC) issued a letter to Ramunia of Malaysia on May 14 stating that the $ 683 million contract awarded to it three months ago for the turnkey execution of B-193 more...
ONGC Initiates Blacklisting Process, Contract Awarded To Ramunia Terminated.
Oil and Natural Gas Corporation (ONGC) has terminated the $ 683 million contract awarded Ramunia of Malaysia almost simultaneously with the encashing of the bid bond of $ half a million. more...
ONGC To Re-tender For B-193 As Fast Track Project: Ramunia Not To Be Issued Bid Document
After terminating the $ 683 million contract awarded to Ramunia of Malaysia, the ONGC management is planning to re-tender for the same B-193 well-cum-process platform project in Western offshore and more...
Arun Balakrishnan’s SOS To Murli Deora ; Proposes A Package To Stave Off Financial Crisis
Arun Balakrishnan, chairman and managing director of the Mumbai-based, Hindustan Petroleum Corporation Ltd (HPCL), has rushed a package of measures to petroleum minister Murli more...
ONGC’s Tender Committee Recommends Encashing Of Ramunia’s Bid Bond
Oil and Natural Gas Corporation’s (ONGC) tender committee has recommended encashing of $ half a million bind bond submitted by Ramunia of Malaysia in view of its consistent failure to provide the more...
Chakrapani Manoharan Returns to IOC
Chakrapani Manoharan, executive director of Indian Oil Corporation’s Panipat Refinery who relinquished his job a few weeks ago to take up a lucrative assignment in more...
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Construction Majors Enter Exploration Segment
The drilling requirements under the new exploration licensing policy (NELP) coupled with the high crude oil prices which is leading to greater oil exploration activities worldwide is spurring more and more...
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Construction Majors Enter Exploration Segment more...
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