Questioning the government's decision of forcing ONGC to acquire a gas block from Gujarat State Petroleum Corp (GSPC) for ₹8,000 crore, the union said it was a clear case of ONGC being brought in to bail out GSPC.
2 min read9 Oct 2018GSPC, 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 2018The stake sale in Gujarat Gas to GSPL is expected to reduce GSPC's debt by more than Rs3,250 crore
1 min read21 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 2017Petronet LNG is in talks to buy 25% stake in Gujarat State Petroleum's Rs4,500 crore Mundra LNG import terminal in Gujarat
2 min read21 Jun 2017Reliance Industries' KG basin D6 block has seen natural gas output slip further, leading the government to disallow $2.756 billion in cost, says oil minister Dharmendra Pradhan
2 min read20 Mar 2017The member of the Plan Commission explains the rationale behind pricing domestic gas in dollars
8 min read17 Jul 2013Heramec to sell half its stake in GSPC blocks
2 min read4 Jul 2011GSPC, Egypt sign pact on oil and gas exploration
1 min read8 Apr 2010The 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