Australia-based Galilee Energy and Essar Exploration and Production Ltd (EEPL), a subsidiary of India-based Essar Group, have entered into a non-binding Memorandum of Understanding (MoU) to collaborate on unconventional hydrocarbon assets. The MoU signifies the intent to explore collaborative opportunities in their respective Coal Seam Gas (CSG) assets in Australia and India, which could potentially […]
Indian conglomerate Essar Group has launched a new entity called Essar Energy Transition (EET) to accelerate the energy transition in the UK and India. Essar Energy Transition (EET) is anticipated to spend $3.6 billion on developing an array of low carbon energy transition projects in the next five years. Of this, the company will invest […]
In what is the largest FDI deal in Indian history, Russian petroleum giant Rosneft and Dutch-based Trafigura Group have acquired 49% each in India’s Essar Oil Limited at a total sum of INR 72,800 crore ($10.9 billion). Apart from the $10.9 billion deal, an additional INR 13,300 crore ($2 billion) will be paid for the […]