Imperial Energy will drill four wells in Russia's Bazhenov shale formation by July, seeking to find enough oil to start commercial production
5 min read7 Jan 2015Foreign minister Sushma Swaraj has asked the oil ministry for a list of nations where MEA can help
4 min read5 Jul 2014A slowing economy, delayed land acquisition and fuel shortages have plagued the industry, which has dragged down the capital goods sector with it as orders for equipment dry up
4 min read4 Jul 2014Petroleum minister advocates greater energy ties with Russia
1 min read16 Jun 2014OVL's acquisition has failed to meet projections because of falling oil output, prompting CAG to fault the purchase
3 min read27 Jan 2014The offer is subject to Denver-based Liberty striking success in the Bazhenov shale formation in the region
2 min read15 Jan 2014The concern relates to the petroleum ministry's plan to move a cabinet note seeking to bar RIL from charging a higher price
5 min read18 Oct 2013Committee of secretaries headed by cabinet secretary Ajit Seth to meet on Wednesday to discuss initiative
3 min read17 Jul 2013Moscow says it cannot extend any special treatment to Imperial Energy, say sources
1 min read23 Dec 2012The 2009 deal that didn’t turn out as well as expected hasn’t deterred the firm from taking another giant buy
2 min read28 Nov 2012The 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