GSPC

  • Indian companies decline to sign PSC for offshore concessions in Gulf of Suez and Red Sea

    Indian companies decline to sign PSC for offshore concessions in Gulf of Suez and Red Sea

    Wednesday, 31st July 2013
    The Petroleum Ministry has conveyed to the Ministry of External Affairs that the Indian consortium comprising Gujarat State Petroleum Corporation (GSPC), Hindustan Petroleum Corporation Limited (HPCL) and Oil India Limited (OIL) has 'unanimously' decided not to sign the concession agreement for two offshore oil exploration blocks.
  • Indian GSPC Drills $52 Million Dry Hole in the Mediterranean

    Indian GSPC Drills $52 Million Dry Hole in the Mediterranean

    Tuesday, 15th May 2012
    Indian state-owned oil firm Gujarat State Petroleum Corporation (GSPC) has hit a dry hole in its Mediterranean Sea exploration lease after investing $52 million in the drilling operation. The operation came in the context of GSPC's 2011-2012 exploration plan.
  • GSPC to continue Egypt explorations

    GSPC to continue Egypt explorations

    Wednesday, 18th January 2012
    Despite a deep funds crunch, the premier state public sector undertaking (PSU), Gujarat State Petroleum Corporation (GSPC) will not be dropping its plan to continue with oil and gas exploration in Egypt.