News of Oil & Gas in Gujarat

RIL subsidiaries transfer 2.71% stake to PETROLEUM TRUST

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered conglomerate Reliance Industries Ltd said of its five subsidiary companies having transferred its 2.71% combined stake comprising of 171.9 million (~17.119 crore) shares to Petroleum Trust, of which the sole beneficiary Reliance Industrial Investments and Holdings Ltd,

TALCHER FERT’s coal gassification project goes to Chinese Co WUHUAN ENGG

NEW DELHI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release issued by Press Information Bureau (PIB) of Government of India, it said that Lump Sum Turn Key (LSTK) contract for Coal Gasification Plant PF Talcher Fertilizers Limited was awarded to M/s Wuhuan Engineering Co. Ltd, China as a part of measures to revival closed

L&T HYDROCARBON consortia bags large EPCI project from SAUDI ARAMCO

MUMBAI | AHMEDABAD-GANDINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, L&T Hydrocarbon Engineering has bagged Large Size (in range of 25 billion to 50 billon rupees ~ 2,500 crore to 5,000 crore rupees) EPCI (Engineering, Procurement, Construction and Installation) project from Saudi Aramco. The press-communication as addressed to the

In accordance to CCI orders, Linde India Board nods sale of South Region Biz

KOLKOTTA | MUMBAI | AHMEDABAD-GANDHINAGAR-RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Hydrocarbon sector multinational major Linde India Ltd said of the board giving nod for sale/divesement of South region business, in accordance to the orders of Competition Commission of India and after availing regulatory as well as shareholders’ approval. The

GP Petro shuts Daman plant from Aug 31, 2019 – absorbs staff at Vasai Plant

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Exchanges, Mumbai headquartered GP Petroleums Ltd said of shutting its Daman plant from August 31, 2019 and will absorb existing staff at Vasai plant operations. The statement submitted by the company to the Indian Bourses read that, We hereby inform you

GOCL closes the combination of Houghton Intl with Quaker Chemical Corp

HYDERABAD | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Hyderabad headquartered GOCL Corporation Ltd (formerly Gulf Oil Corporation Ltd) said of closing the combination of Houghton International with Quaker Chemical Corporation effective of August 01, 2019. In the company statement titled, “Closing of the Combination of

Punj Lloyd considering legal action against MRPL for invoking bank guarantee

GURUGRAM | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Gurugram headquartered Punj Lloyd Ltd said of seeking legal action against Mangalore Refinery and Petrochemicals Ltd for invoking the bank guarantee. The update submitted to the Indian Bourses read that, Mangalore Refinery and Petrochemicals Ltd. (hereinafter referred to

Netherlands Embassy-CII Rajkot conduct workshop for biz opps & partnerships

RAJKOT – On a Tuesday evening, CII (Confederation of Indian Industry) Rajkot office in collaboration with Netherlands Business Support Office (NBSO) Ahmedabad, Embassy of Netherlands conducted a workshop at Fortune Park, JPS Grand Hotel in the city, which was for assembly of entrepreneurs and SME owners detailing on Trade & Innovation, Opportunities for Partnerships &

Vedanta fully unwinds the CIHL Structured Investment with superior gains

GURUGRAM | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press communication submitted to the Indian Stock Exchanges, oil-gas-mining major Vedanta Ltd said of unwinding its overseas subsidiary company Cairn India Holdings Ltd’s structured investments, in Anglo American, with superior gains. The press release submitted by the company read that, Vedanta fully unwinds the CIHL Structured

L&T Hydrocarbon Engg bags Mega project from Saudi Aramco

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Mumbai headquartered infrastructure major Larsen & Toubro Ltd said of its hydrocarbon arm having bagged mega project (above 70 billion rupees) from Saudi Aramco, Saudi Arabia based oil major. In the press release submitted to the Indian Bourses, the

Hindustan Oil Exploration inks pact to acquire Hardy E&P (India)

VADODARA (BARODA) | MUMBAI | AHMEDABAD – GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Bouraws on Tuesday, Vadodara (Baroda) headquartered Hindustan Oil Exploration Company Ltd said of having inked conditional agreement to acquire the entire share capital of Hardy Exploration & Production (India) Inc. The regulatory filing submitted to the exchanges

L&T Hydrocarbon Engineering bags two large contracts from ONGC

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release submitted to the Indian Exchanges, Indian Infra Major Larsen & Toubro Ltd said of its hydrocarbon arm having bagged large twin contracts (in range of 25 billion to 50 billion rupees) from ONGC. The press release submitted to the exchanges said, L&T Hydrocarbon Engineering Limited (LTHE),

Ducon Infratech enters strategic tie-up with Shapooji Pallonji Group, to bid for large infra projects, in energy-oil-&-gas sector

MUMBAI | AHMEDABAD-GANDHINAGAR-RAJKOT – In a press release submitted to the Indian Stock Exchanges on Wednesday, infratechnology company Ducon announced of entering into a strategic tie-up with Sterling & Wilson (Shapoorji Pallonji Group Co) to bid on the large FGD (Flue Gas Desulphurization) projects in India, with an intent to significantly expand financing capabilities to

GAIL to revive LPG plant @ Usar in Maharashtra, will invest 88 billion rupees

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Exchanges on Thursday, GAIL (India) Limited said of having approved revival of existing Liquified Petroleum Gas (LPG) plant at Usar in Raigadh District of Maharashtra and the company will invest 88 billion (~8,800 crore) rupees for proposed revival,

Adani Gas bags City Gas Distribution in areas of MP, UP and Chhattigarh

NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted with the Indian Bourses, Ahmedabad headquartered Gas distribution company Adani Gas Ltd said of having Grant of Authorization for development of City Gas Distribution Network under 10th CGD Bidding Rounds in several areas of Madhya Pradesh, Uttar Pradesh and Chhattisgarh. The

Vedanta notifies Indian Government on oil discovery in KG Basin asset

GURUGRAM | MUMBAI | RAJKOT – In a press release submitted to the Indian Bourses, Vedanta Ltd has notified the Management Committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an Oil Discovery in the second exploratory well H2, located in the block KG-OSN-2009/3, Krishna-Godavari Basin, East Coast of India. Vedanta

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