AP bags conservation award
The Petroleum Conservation Research Association under the Ministry of Petroleum and Natural Gas has selected Andhra Pradesh for the award of best performing State amongst the big states for the oil and
Ministry Of Petroleum & Natural Gas
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India to focus on cheaper LNG from U.S.
Cos advised to have long-term deals with Sabine Pass and Macquarie India has decided to make a “strategic shift” in LNG (liquefied natural gas) sourcing with a “look U.S. policy” for contracting new import volumes. This follows an analysis by the Petroleum Ministry which showed that LNG imports from the Gulf were costlier than from the U.S.
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Diesel prices to be hiked in small doses to help oil firms: Jaipal Reddy
HYDERABAD: The government will gradually increase diesel prices in small doses at an "appropriate time" to help oil companies that are selling the fuel below market rates, and insulate consumers from a
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Reliance KG block decision based on DGH input: Ministry
The decision to allow Reliance Industries (RIL) to retain the entire 7,645 sq km KG-D6 block in violation of contractual obligations was based on the advice of the Directorate General of Hydrocarbons (DGH), the Petroleum Ministry has told the Public Accounts Committee.
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Panel approves RIL proposal to develop four satellite fields
New Delhi The regulatory panel overseeing the performance of Reliance Industries’ prestigious D6 block in the Krishna Godavari basin on Tuesday approved the company’s plan to develop four satellite fields
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Oilmin wants EGoM to approve gas supply cuts
New Delhi Companies in fertilisers and LPG, which are largely immune to the supply crunch on natural gas due to the stagnating output from the KG D6 block, could soon face serious input shortages. In a
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Environmentalists for tax on diesel cars
Environmentalists have come out in strong support of minister for petroleum and natural gas S. Jaipal Reddy’s proposal to impose a 15 per cent duty on all diesel-run passenger vehicles. The proposal has been sent to the ministry of finance for finalisation. The Kirit Parikh committee had earlier recommended a one-time additional excise tax of `80,000 on diesel cars.
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ONGC, DGH nod for oil production from Cairn's Bhagyam field
State-run ONGC and the Oil Ministry's technical arm, the DGH, have given Cairn India the go-ahead for commencement of production from the Bhagyam oilfield, the second-largest find in the prolific Rajasthan
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KG basin dispute: RIL sends arbitration notice to Oil Ministry
‘Investments are made by RIL, its partners at their own risk' Taking the government by surprise, Mukesh Ambani-owned Reliance Industries Ltd. (RIL) is understood to have sent an ‘arbitration notice'
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Oil min decision on RIL’s cost recovery from K-G in 3-4 weeks
New Delhi The petroleum ministry will decide in three to four weeks on limiting the capital expenditure that Reliance Industries (RIL) can recover from its Krishna-Godavari basin gas block in proportion
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OIL issue on track, tough going for ONGC
The government’s desperation to raise Rs 40,000 crore from disinvestment this year notwithstanding, the Oil and Natural Gas Corporation (ONGC) follow-on issue is nowhere on the horizon. Though the petroleum