Essar Oil

Essar Group bets $3.6 billion on decarbonisation in India and UK

Will invest $1.2 bn to develop a global supply hub for low-carbon fuels

Highest-ever quarterly revenue by Essar Oil in Q3 as CBM output doubles

The company reported 100% offtake of gas through GAIL's Urja Ganga pipeline

As politics shapes policy, India's private fuel retailers run on fumes

quasi-administered price regime and the imposition of Universal Service Obligations is complicating their business plans

Ukraine war, economic uncertainty delays Nayara Energy stake sale plan

"With the war, the chances of a Western company buying a stake in Nayara looks difficult. They may have to look for Indian equity partners," said a banker.

Ukraine war fallout: Nayara to pay higher interest after NCD downgrade

Lower rating by Care follows concerns over Rosneft's support to the Indian company after Russia invaded Ukraine and western countries imposed sanctions on the Russian entities

Essar Oil seeks extension on settling value-added tax arrears in UK

This seemed to be intended to calm speculation that it may be on the brink of collapse, following media reports to this effect

Essar Oil in talks to extend January UK VAT payment deadline

Essar Oil UK, operator of Britain's Stanlow oil refinery, is in talks with UK authorities over extending a Jan deadline to repay hundreds of millions of pounds in deferred taxes, company said.

Essar Oil strengthens board with experts, experienced hydrocarbon execs

New members include Jonathan R Kelafant of Advanced Resources International, Inc, and Charles Boyer of Schlumberger

Essar Oil UK appoints new advisory council to bolster corporate governance

Top-notch lawyers, diplomats and corporate honchos roped in

Essar Oil UK raises $850 mn from diverse sources to retire earlier loans

With this, the firm has more low-cost liquidity to meet upcoming needs, can focus on its transition to become a low-carbon energy provider" with greater vigour

Former GAIL chairman BC Tripathi joins Essar Oil UK as board member

Essar in its statement said that Tripathi will drive the investment strategy and play a key role in providing strategic direction to EGFL

Essar Oil UK announces Mark Wilson as new Chief Executive Officer

An experienced energy professional, Wilson was previously with BP plc of the UK where he held a number of senior leadership positions

Great Eastern, Essar seek Bengal govt's approval for shale plans

The development comes after the central government eased the rules on exploration of unconventional hydrocarbons

Essar Oil UK aims to lift US oil refining to 40%; eyes asset stake sale

SINGAPORE (Reuters) - Essar Oil UK aims to lift processing of U.S. oil at its 200,000 barrels per day Stanlow refinery by March to 40% from 35% currently, its Chief Executive Officer S. Thangapandian said on Monday.

Nayara Energy signs $750-million contract with BP and Trafigura

The refinery has annual crude oil throughput of 20 million tonnes, importing it from various regions

Essar Exploration & Production, ENI Vietnam discover gas in Vietnam block

Eni Vietnam is the operator of the block with a 50 per cent share, and Essar holds the remaining 50 per cent share

Essar gets nod for shale exploration in WB, plans to invest Rs 7,000 crore

To start with, Essar will be drilling five wells in the block by 2020.

Essar Oil to acquire pipeline, oil terminal from BP for up to $100 million

Under the deal, Essar will acquire equity stake in UK Oil Pipeline, a share of the contractual JV with Shell

Essar Oil set to focus on shale gas exploration, plans $30-mn investment

Firm plans $30-million investment to drill shale wells for assessing productivity

Buoyed by new policy, Essar to invest Rs 70 bn to explore shale in Ranigunj

EOGEPL said it would need to invest close to Rs 700 bn for developing the shale gas potential in the block