GSPC, the exploration and production arm of the GSPC group, holds a 55% stake in the Cambay field while Oilex holds 45%
2 min read13 Aug 2018Oilex has also formally requested DGH and the ministry of petroleum and natural gas to affect the transfer of GSPC's participating interest in the Cambay PSC to Oilex
2 min read31 Jul 2018Reliance Industries Ltd (RIL) has a 70% participating interest in the oil and gas block CB-ONN-2003/1 (also called CB-10) while BP India holds the balance 30%
2 min read30 Jul 2018While PescaFresh is in talks with Amazon to sell its seafood online, Cambay Tiger wants to add more stores in Mumbai and Delhi and expand to new cities
2 min read31 May 2018Oilex says it will take over Gujarat State Petroleum Corp's share in the Cambay basin block if the Indian explorer fails to pay its dues to meet exploration commitments
2 min read30 May 2018ONGC is said to have seen the Cambay oil and gas block's data but is yet to take a call on whether to bid for the RIL and BP asset
2 min read30 Mar 2018Oilex has sought a 10-year extension of production sharing contracts for two of its key fields in GujaratCambay and Bhandut
1 min read31 Oct 2017The firms invested $100 million in the field in the past 10 years but the realizations have been $3 million
3 min read18 May 2016The proposed drilling is expected to be undertaken at the company's Ahmedabad asset in Gandhinagar, Ahmedabad and Kheda districts
1 min read22 Feb 2016The company said the discovery, called Jyoti-2, has experienced a flow rate much better than the rate witnessed in the first well Jyoti-1 that was drilled in the basin
1 min read19 Aug 2015The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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