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 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 2018The proposed drilling is expected to be undertaken at the company's Ahmedabad asset in Gandhinagar, Ahmedabad and Kheda districts
1 min read22 Feb 2016Mercator said its subsidiary Mercator Petroleum has made its first oil discovery in Cambay basin in Gujarat
2 min read3 Jun 2015The block in question was awarded to Niko under the second round of the new exploration licensing policy
3 min read30 Sep 2014The 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