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Tata Petrodyne

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Newbies dream to become oil barons in limbo

22 companies won bids for the 31 contracts on offer; 15 were new entrants to the oil and gas business. Three years on, none of them have started production. When the first round of auctions for......

Tatas, IOC, OIL to bid for Azerbaijan oil field

Tatas have joined hands with state refiner Indian Oil and exploration firm Oil India Ltd to consider bidding for acquiring Caspian Energy Group LLP's (CEG) interest in an Azerbaijan oil field. Tata......

Tatas to prospect for Bangla oil

Tata Petrodyne, the oil subsidiary of Tata Sons, is planning an oil and gas exploration and production venture in Bangladesh to fuel the group's upcoming steel, power and fertiliser plants in that......

Govt kicks off NELP, expects $3-bn commitment

The government flagged off the eighth edition of the New Exploration and Licensing Policy (Nelp-VIII) and the fourth round of bidding for Coal Bed Methane (CBM-IV) in Mumbai, expecting a commitment......

Tax sops: Oil ministry approaches FinMin

The petroleum ministry has asked the finance ministry for clarification on the proposal to withdraw the 7-year income tax holiday on production of oil and gas with effect from April 1 this year.......

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