Page 2 - Oil And Gas Field
ONGC gets 28 bids for 50 gas fields in first offer involving private sector
Duganta Oil and Gas Pvt Ltd made four bids, while Orissa Stevedores Ltd, Priserve Infrastructure Pvt Ltd and Udayan Oil Solutions made three bids each.
 "ONGC gets 28 bids for 50 gas fields in first offer involving private sector")
Energy to retail: Reliance is India's reply to Exxon, AT&T, Amazon combined
Billionaire Mukesh Ambani's Reliance Industries is India's answer to US giants Exxon, AT&T and Amazon - all rolled into one, Bernstein Research said on Tuesday. "Reliance has disrupted the energy and telecoms industry in India and is on the cusp of doing the same to retail, fintech, and media," it said in a report adding the company has an enviable track record of innovation and execution. For the oil-to-telecom conglomerate, energy remains core business and is expected to further expand as India is forecast to be the fastest-growing market for fuel and chemical products over the next decade, it said adding the company's partnership with BP of the UK and Saudi Aramco will support this. Reliance owns the world's largest single-site oil refining complex and has multiple petrochemical plants. Three years back it forayed into telecom business and has reached 34 per cent share of market revenue. "Based on the current net add run-rates it will likely reach 44 per cent share by the end ..
 "Energy to retail: Reliance is India's reply to Exxon, AT&T, Amazon combined")
Reliance says its main gas fields in KG-D6 block in late life stage
The company, beginning mid-2020, will bring to production three sets of new discoveries in the block that will reverse the years of decline in production
 "Reliance says its main gas fields in KG-D6 block in late life stage")
Govt mulls spinning off GAIL's gas pipeline business into a separate unit
The plan to carve the pipelines business into a fully-owned unit will bring greater transparency between the two businesses and may allow govt to sell shares at a later date
 "Govt mulls spinning off GAIL's gas pipeline business into a separate unit")
Gujarat govt rebuts Congress, says no underhand dealing in gas field
ONGC will buy GSPC's entire 80 per cent stake in the block
 "Gujarat govt rebuts Congress, says no underhand dealing in gas field")
Small oil and gas field auction date may be extended
Bidding for the auction, the first in over four years, is to close on October 31
 "Small oil and gas field auction date may be extended")
