The demonetisation and Mistry’s exit from Tata have taken the sheen out of all other recent news, one of which is the slapping of fine of nearly Rs 10,000 crore by the government on RIL and its partners. The fine relates to migration of gas from ONGC fields to RIL fields in K-G basin leading to … Continue reading Understanding RIL-ONGC Gas Migration Dispute.
Cabinet’s approval to the consortium of Indian oil sector companies earlier this week to acquire stake in assets abroad highlights India’s continued need to secure reserves overseas. The stake is a small fraction of India’s total needs, yet an important step involving sizable investment of over Rs 21,000 crore. Other than the addition to India’s total oil … Continue reading Towards Energy Security – India's Oil Hunt..!