Cairn India strikes oil in Krishna Godavari basin Mumbai, Aug 23: India's fourth largest oil and gas producer, Cairn India, today said it has struck oil at a well in the Krishna Godavari basin, off the Andhra Pradesh coast.
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GAIL's Q1 net profit up 35 percent
New Delhi, Aug 2: State-run Gas Authority of India Limited (GAIL) today reported a 35 percent increase in net profit for the first quarter of this fiscal at Rs.88,688 lakh as against Rs.65,584 ....
World oil demand to grow by 1 mb/d: OPEC Vienna, July 16: Driven by the global economic recovery, the world oil demand is projected to grow by 1 million barrels (mb/d) per day to 86.4 mb/d in 2011, the Organisation of Petroleum Export....
State oil companies to set uniform petrol price New Delhi, July 15: State-owned oil marketing companies have decided to set a uniform price for petrol and will only revise the retail prices on a monthly basis, a senior official said on Wedne....
OMCs to invest Rs.1,500 crore for LPG supply in Karnataka
Bangalore, July 2: State-run oil marketing firms will invest Rs.1,500 crore in Karnataka to increase the coverage of cooking gas supply across the state, a top official said today.
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ONGC signs new oil and gas block contracts
New Delhi, June 30: State-run Oil and Natural Gas Corporation (ONGC) along with its partners today signed production sharing contracts (PSCs) for 31 oil and gas blocks awarded to 23 companies i....
India's crude oil production continues to rise New Delhi, June 29: India has seen a substantial rise in crude oil production in the last six months, buoyed by the production increase in the private sector.
The latest figure for cr....
More oil discovered by Reliance in Cambay Basin Mumbai, June 28: India's largest private sector company, Reliance Industries (RIL), said today it has made its seventh oil discovery at a site in Cambay basin, off the Gujarat coast.
RNRL signs gas pact with RIL Mumbai, June 25: The Anil Ambani-promoted Reliance Natural Resources (RNRL) said today it has signed a revised gas supply agreement with the Mukesh Ambani-led Reliance Industries (RIL).
Mukesh Ambani assures gas to ADAG group Mumbai, June 18: Mukesh Ambani, chairman of Reliance Industries, today assured gas supplies from the Krishna-Godavari basin to power-generation firms led by younger brother Anil and hoped for &....
RIL makes sixth oil discovery in Cambay basin New Delhi, June 11: Reliance Industries Limited announced today it has made its sixth oil discovery in the Cambay basin.
The company said it had informed the government and the direct....
BP oil spill game changer for industry: ONGC chief New Delhi, June 11: State-run Oil and Natural Gas Corporation (ONGC) chairman R.S. Sharma on Thursday said the BP oil spill off the Gulf of Mexico has become a "game changer" for the hy....
Natural gas for Chandigarh's kitchens by April 2011
Chandigarh, May 29: Chandigarh is likely to get piped natural gas supply for kitchens by April next year, the city's MP and Parliamentary Affairs Minister Pawan Kumar Bansal said today.
ONGC fourth quarter net up 71 percent
Mumbai, May 28: Oil and gas exploration major ONGC today reported a 71 percent jump in net profit for the quarter ended March 31 at Rs.3,776 crore against Rs.2,207 crore in the year-ago period.....
HPCL Q4 net dips 85.16 percent
New Delhi, May 26: State-run Hindustan Petroleum Corp Ltd (HPCL) today said its net profit plummeted 85.16 percent to Rs.757.53 crore during January-March quarter from Rs 5,104.04 crore in the ....
Rs.10,000 cr power plant proposal for Tamil Nadu
Chennai, May 24: The Indian Oil Corporation and the Tamil Nadu Industrial Development Corporation have submitted a proposal to the Tamil Nadu government for jointly setting up a liquefied natur....
Ambani brothers enter new pact, gas dispute settlement in sight New Delhi, May 23: In a seeming breakthrough, the respective Reliance groups led by the brothers Mukesh and Anil Ambani today said they have entered into a new and simpler non-compete pact that....
Yearly profits of ONGC on a high after rise in gas prices New Delhi, May 20: The most prominent energy exploration firm in India, Oil and Natural Gas Corporation, has taken the biggest strides in the trading circles in Mumbai after the Indian governme....
Chennai Petroleum plans 9 million tonne refinery
Chennai, May 18: City-based refinery Chennai Petroleum Corporation Ltd (CPCL) is planning to set up a 9 million tonne per annum (mtpa) plant to increase capacity to around 18 mtpa by 2015.
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Indian firms to increase oil production in Venezuela New Delhi, May 6: India on Wednesday told Venezuela that Indian companies would be increasing production from oil fields in the Latin American country that could be sent for further processing ....
BOC India posts Rs.23.83 crore net profit
Kolkata, April 21: Gas and petrochemicals service provider BOC India posted Rs.23.83 crore net profit in the first quarter (January-March) of 2010 against Rs.5.04 crore realised during the corr....
Reliance fuel dealers on warpath in Gujarat
Gandhinagar: Reliance petrol pump dealers in Gujarat are on the warpath, seeking a refund of their investments because of losses and have threatened to take to the streets if their demands are ....
RIL inks JV with Atlas to produce shale gas in US New Delhi: Mukesh Ambani-promoted Reliance Industries Ltd (RIL) today said it has signed a $1.7 billion joint venture agreement with US-based Atlas Energy Inc for extracting shale gas in Americ....
CCEA approves reconstitution of BLIL board New Delhi: The Cabinet Committee on Economic Affairs (CCEA) today approved a proposal of the Petroleum Ministry to reconstitute the board of Balmer Lawrie Investment Ltd (BLIL).
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ONGC stopped drilling in Himachal in 2010: Minister
Shimla: Oil and Natural Gas Corporation Limited (ONGC) had re-started exploration for oil and gas in Himachal Pradesh's Kangra district in 2009 but later abandoned it in February 2010, a mi....
Indian Oil ties up with Honeywell arm for biofuel projects Bangalore: State-run Indian Oil Corporation (IOC) will partner with UOP LLC, a Honeywell International subsidiary, to produce green transportation fuels from non-food feedstock, the global tech....
Petrol, diesel costlier from April 1 in 13 cities
New Delhi: The government is raising the prices of petrol and diesel by over one percent in 13 cities, where the Euro-IV grade low-sulphur fuel will be supplied from April 1.
"Bha....
ONGC approves Rs.3,241 crore for new oilfields New Delhi: Oil major ONGC will invest Rs.3,241 crore in the development of the marginal fields in Arabian Sea. It also plans to initiate a pilot research project in the exploration of shale gas....
Cleaner petrol, diesel to cost more from April 1 New Delhi: Cleaner -- but costlier -- Euro-IV standard petrol and diesel will be available from April 1 in 13 cities across the country, Petroleum Secretary S. Sundareshan said here today.
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GAIL plans LNG terminal in Papua New Guinea New Delhi: State-run Gas Authority India Limited is venturing into Papua New Guinea with a possible stake in a new Liquefied Natural Gas (LNG) terminal, a company official said today.
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'Natural gas prices may be revised soon'
New Delhi: Prices of natural gas from fields of state-run ONGC and Oil India may be revised soon, Petroleum Secretary S. Sundereshan said here today.
"The minister (for petroleum ....
Qatar to supply additional LNG to India New Delhi: Qatar is finalising terms to supply four more million tonnes of liquefied natural gas to India by 2013, visiting Qatari Deputy Premier and Energy and Industry Minister Abdulla Bin Ha....
ONGC-Videsh favours joint exploration with Russian firms Chennai: State-run overseas oil and gas exploration company ONGC Videsh Ltd (OVL) wants to bid jointly with Russian companies for hydro-carbon projects in that country, a top government officia....
Southern gas grid to come up by 2012 Chennai: India's largest gas transmission and marketing company Gail (India) Ltd will connect the southern states with gas pipelines by 2012, a top official of the ministry of petroleum and....
Auction of oil and gas blocks under NELP IX soon Chennai: The Indian government will soon invite bids for exploration of oil and gas blocks under the ninth round of the New Exploration Licensing Policy (NELP-IX), Petroelum and Natural Gas Sec....
Cabinet approves $2.18 bn investment in Venezuela oil block New Delhi: The cabinet today approved an investment of $2.18 billion (Rs.10,900 crore) by three state-run companies - ONGC Videsh, Indian Oil Corporation and Oil India - in Venezuela's Carb....
Reliance eyes gas venture in US Washington: India's Reliance Industries Ltd. is nearing a deal to buy a big stake in a large US natural-gas field, according to the the media.
Under the deal as considered, Relian....
ONGC joint venture planning IPO in 2012 Dahej (Gujarat): ONGC Petro-additions Ltd (OPaL), a joint venture promoted by Oil and Natural Gas Commission (ONGC), Gas Authority of India Ltd (GAIL) and Gujarat State Petroleum Corporation (G....
ONGC to invest $20 bn on assets abroad Dahej (Gujarat): India's energy behemoth, the Oil and Natural Gas Corporation (ONGC), will invest $20 billion (Rs.90,000 crore) in assets abroad over the next decade.
"ONGC po....
Canada's Bengal Co. to explore oil, gas in Cauvery Basin Toronto: Bengal Energy Ltd, a Canadian oil and gas exploration and production company based in Calgary, said on Friday it is joining an Indian consortium for exploration in the Cauvery basin.
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Gas summit to focus on changing gas market
New Delhi: Major gas discoveries in India and the changing gas market will be discussed at the 6th Asia Gas Partnership Summit starting here on March 22, a government official said today.
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Gujarat petrol vends to levy own cess to recoup losses
Gandhinagar: Petrol vends in Gujarat have decided to levy a surcharge of 15 paise per litre on petrol and 10 paise per litre on diesel on their own from April 5 to make up for the losses suffer....
New estimates value Essar gas reserves at $4 billion
Mumbai: The Ruias-led energy major Essar Oil today said its coal-bed methane blocks actually contain about seven trillion cubic feet (tcf) of recoverable gas, over twice than earlier estimates,....
Balmer Lawrie's UK arm forms JV with Indonesian firm Kolkata: State-run Balmer Lawrie & Company Ltd has said that its wholly-owned subsidiary, Balmer Lawrie (UK) Ltd, has launched a 50:50 joint venture with an Indonesian company, PT Imani Wic....
OVL, GAIL to take part in Chinese pipeline construction
New Delhi: The Indian government has approved the participation of ONGC Videsh and GAIL in the construction of a Chinese pipeline and also make additional investment of over $1.3 billion (Rs.6,....
Oil firms cut jet fuel prices by 2.5 percent New Delhi: State-run oil companies today cut jet fuel prices by 2.5 percent after drop in international crude prices which earlier rose to $82-84 per barrel.
Jet fuel in Delhi will no....
'Government should scrap petrol price hike recommendations' Kolkata: Communist Party of India-Marxist politburo member Brinda Karat today said the Congress-led United Progressive Alliance (UPA) government must scrap the Kirit Parikh panel's recommen....
Panel suggests deregulation of fuel prices
New Delhi: A government-constituted panel on oil sector reforms today suggested total decontrol of oil prices, while recommending an immediate increase in prices of kerosene by Rs.6 per litre.
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No fuel price hike till committee submits report: Deora New Delhi: Petroleum Minister Murli Deora today indicated that transport fuel prices will not increase till the Kirat Parikh committee submits its report.
The Kirat Parikh committee w....
S. Sundareshan is new petroleum secretary New Delhi: S. Sundareshan today assumed charge as the Secretary of the Ministry of Petroleum and Natural Gas.
He succeeds R.S. Pandey, who has retired.
Sundareshan, who was ....
Indian Oil Q3 profit plummets by 76 percent
New Delhi: State-run Indian Oil Corporation (IOC) has seen a sharp dip of over 76 percent in its net profit for the third quarter this year as compared to the same period last year.
I....
Uganda seeks Indian help in developing hydrocarbon sector New Delhi: Uganda has sought Indian assistance in developing its oil and gas sector.
This was conveyed by the Ugandan Vice President Gilbert Balibaseka Bukenya, in his meeting with th....
Sundaresan next petroleum secretary
New Delhi: The Cabinet's Appointments Committee has approved S. Sundaresan as the next petroleum and natural gas secretary.
A 1976 batch Indian Administrative Service officer, Sun....
India asks Sudan for more exploration acreage New Delhi: India has asked Sudan to increase the acreage of petroleum exploration and offered help in building up the downstream sector of the North African sector.
This was stated by....
Essar Oil to invest $400 mn in Ranigunj gas project Essar Exploration and Production Ltd, an arm of Essar Oil, will invest $400 million (Rs.2,000 crore) in its coal bed methane gas project at Ranigunj in West Bengal by 2012, a top company....
ONGC third quarter net rises 23 percent Mumbai: State-run energy major Oil and Natural Gas Corp (ONGC) today reported a 23 percent drop in net profit at Rs.3,053.58 crore for the third quarter this fiscal, compared to Rs.2,474.81 cro....
Expert group's report on fuel pricing by month-end
New Delhi: An expert committee on fuel pricing, headed by eminent economist and former Planning Commission member Kirit Parikh, will submit its recommendations on Jan 31.
"I will ....
Mangalore Refinery net at Rs.259 cr in third quarter Mumbai: State-owned Mangalore Refinery and Petrochemicals (MRPL) today reported a net profit of Rs.259.54 crore for the quarter ended on Dec 31, compared to a net loss of Rs.285.41 crore in the....
Indian Oil to raise $500 mn for capital expenditure
Mumbai: State-run energy major Indian Oil Corp (IOC) today said it was planning to raise $500 million from overseas to finance its capital expenditure.
The company will issue foreign ....
Oil firms hike jet fuel price by over 6 percent New Delhi: State-owned oil companies today hiked jet fuel prices by over 6 percent after international crude prices rose to $82-84 per barrel this month.
Jet fuel in Delhi will now co....
Cabinet sanctions OVL's investment in 2 Nigerian blocks New Delhi: India has sanctioned funding of $359 million to ONGC Videsh Ltd, overseas arm of ONGC Ltd, for carrying out the first exploration phase in two Nigerian deepwater blocks.
Th....
Cabinet likely to decide new price of ethanol this month Kharagpur (West Bengal): The union cabinet is likely to fix the new price of ethanol, required for blending with petrol to cut down on emissions, later this month.
"The proposal f....
Indian Oil's monopoly in Nepal to end Kathmandu: The nearly four decades of monopoly enjoyed by India's public-sector enterprise Indian Oil Corporation (IOC) in Nepal is heading towards an end with the private sector in the cou....
ONGC strikes new natural gas field in Tripura
Agartala: Public sector exploration major Oil and Natural Gas Corporation (ONGC) has found a huge gas deposit in the northeastern state of Tripura, officials said here today.
"The....
Oil blockade hits crude oil, natural gas production in Assam Guwahati: Crude oil and natural gas production by India's premier oil exploration firm Oil and Natural Gas Corporation (ONGC) has been hit in Assam following a 96-hour oil blockade by an in....
'Natural gas will reach common man in two years' Hyderabad: Natural gas will be available to the common man in two years across the country, Petroleum and Natural Gas Regulatory Board (PNGRB) chairman L. Mansingh said here today.
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Southern states want 'fair' share of Krishna-Godavari gas Chennai: Kerala Chief Minister V.S. Achuthanandan has demanded a "fair" share of natural gas from the Krishna-Godavari (KG) basin in Andhra Pradesh for the southern states of Tamil Nadu....
ONGC to fund projects on protection of national heritage Agartala: State-owned exploration major Oil and Natural Gas Corporation (ONGC) will provide funds for conservation, renovation and restoration of the monuments of Ahom kings in Sibsagar in east....
ONGC announces 180 percent dividend, two new gas finds New Delhi: State-run oil explorer, ONGC India Ltd has announced a interim dividend of 180 percent for the year 2009-10.
For 2008-09, ONGC had paid an aggregate dividend of 320 percent....
Qatar may meet India's long-term gas demand New Delhi: Qatar will consider meeting India's demand for additional supply of Liquefied Natural Gas (LNG) on a long-term basis, the petroleum ministry said today.
This was convey....
Bathinda refinery to start functioning by June 2011: Badal Chandigarh: The much-delayed Guru Gobind Singh Bathinda refinery project will start functioning from June 2011, Punjab Chief Minister Parkash Singh Badal said here today.
"We have....
India to create 5 mn tonne strategic petroleum reserve New Delhi: India will create a five million tonne strategic petroleum reserve by 2012, raising the country's total storage capacity to 8.5 million tonnes - enough to meet 90-days consumptio....
No case for subsidizing petrol, asserts ONGC New Delhi: Chairman of the state-run oil explorer, ONGC Ltd, R.S. Sharma said there was "no case" for subsidizing petrol.
The government had appointed a committee, headed by K....
Government to earn $2 bn as royalty from K-G basin New Delhi: The government will earn a royalty of $2 billion from the sale of gas from D6 block in the Krishna Godavari basin, being operated by the Mukesh Ambani-led Reliance Industries.
ONGC planning to build refinery in Nigeria New Delhi: ONGC Videsh Ltd, the overseas arm of India's state-run oil exploration major Oil and Natural Gas Corp (ONGC), is planning to set up a greenfield refinery in Nigeria.
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ONGC planning to build refinery in Nigeria New Delhi: ONGC Videsh Ltd, the overseas arm of India's state-run oil exploration major Oil and Natural Gas Corp (ONGC), is planning to set up a greenfield refinery in Nigeria.
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India eyeing oil production opportunities in Africa New Delhi: India is looking to participate in "exploration and production opportunity" in Africa and to be a part of the continent's natural gas market, Petroluem Minister Murli Deo....
RNRL seeks to shred oil ministry affidavit to pieces New Delhi: The oil ministry's affidavit on the Krishna-Godavari gas dispute is not worth the paper it is written on and must be summarily rejected as it fails to follow even basic technical....
Krishna-Godavari gas not for Dadri alone: RNRL
New Delhi: Reliance Natural Resources Ltd (RNRL) today told the Supreme Court that the Krishna-Godavari gas from Reliance Industries Ltd (RIL) was not meant for the Dadri power project alone, s....
Even oil ministry said RIL has full gas marketing freedom: RNRL New Delhi: Quoting from a host of documents, mainly the oil ministry's answers in parliament, Reliance Natural Resources Ltd (RNRL) today told the Supreme Court that Reliance Industries Ltd....
ONGC implements whistle-blower policy New Delhi: State-run overseas oil explorer ONGC Ltd has decided to implement the whistle-blower policy which will allow employers to confidentially report suspected unethical or fraudulent acts....
Mukesh Ambani inked biased gas pact in 5 minutes: RNRL New Delhi: The Supreme Court was told today that Mukesh Ambani took all of five minutes to approve the self-serving gas supply pact on behalf of both Reliance Industries Ltd (RIL) and Reliance ....
No ambiguity in gas price, quantity and tenure: RNRL
New Delhi: There was no ambiguity in the agreed price, tenure and quantity of natural gas to be supplied by Reliance Industries Ltd (RIL) from the Krishna-Godavari fields, the counsel for Relia....
Anil Ambani marks presence in Supreme Court New Delhi: Industrialist Anil Ambani today marked a surprise presence in the Supreme Court where a dispute is being heard over supply of gas to his group company Reliance Natural Resources Ltd ....
South Asian Petrochem drops project with Japanese firm Kolkata: City-based South Asian Petrochem today said it has dropped a project to build a polycarbonate plant in association with Asahi Kasei Chemicals Corp of Japan due to the global slowdown.
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Aban Offshore to raise Rs.697 cr via private placement
Chennai: City-based oil drilling company Aban Offshore today said it planned to raise Rs.697.5 crore through the qualified institutional placement (QIP) route.
In a regulatory stateme....
RIL can't enter private pacts for gas supply: Oil ministry New Delhi: The oil ministry today asserted before the Supreme Court that the government's production-sharing contract with the Mukesh Ambani-led Reliance Industries Ltd (RIL) bars the compa....
Court can't impose family pact on shareholders: RIL New Delhi: Mukesh Ambani-led Reliance Industries Ltd (RIL) today argued before the Supreme Court that the judiciary cannot impose a private family pact between a company's promoters on its ....
RIL betting on hydrocarbon asset acquisitions abroad Mumbai: Oil-to-retail business house Reliance Industries (RIL) today said it would continue acquiring hydrocarbon assets overseas to ensure better synergy between domestic and international ope....
Suntera to exit Indian oil and gas assets New Delhi: The Sun Group, which has extensive business interests in Africa, is likely to exit from all its oil and gas blocks in India, where it had acquired equity stakes through its joint ven....
Jet fuel prices hiked by over two percent
New Delhi: State-owned oil companies today raised aviation fuel prices by Rs.948 per kilolitre, or 2.4 percent. This is the second hike this month in the jet fuel prices.
The fuel wil....
Government making consultations on gas price hike New Delhi: The petroleum ministry has started inter-ministerial consultations to hike the regulated price of gas sold by the state-run Oil and Natural Gas Corp (ONGC) and Oil India Ltd.
ONGC arm gets nod for more investment in Brazil New Delhi: The Cabinet Committee on Economic Affairs (CCEA) today authorised the overseas arm of Oil and Natural Gas Corp (ONGC) to make an additional investment of $70 million in its Brazilian....
Reliance Industries finds oil in Gujarat New Delhi: Mukesh Ambani-led Reliance Industries today said it has discovered oil in an onland block in Gujarat's Cambay basin.
The oil discovery in the block CB-ONN-2003/1 (CB 10....
Government has sole right to fix gas price: Reliance Industries New Delhi: Mukesh Ambani-led Reliance Industries told the Supreme Court today that it was a mere contractor appointed by the government to explore and harness natural gas from the Krishna-Godav....
Indian Oil posts Rs.284.4 crore profit in second quarter Mumbai: State-run Indian Oil Corp today said it posted a net profit of Rs.284.4 crore for the second quarter, as against a net loss of Rs.7,047.1 crore for the quarter ended on Sep 30, 2008.
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Petrochemical cluster to be developed in West Bengal New Delhi: The central government today signed an agreement with West Bengal to develop a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) at Haldia in the state.
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GAIL profit down 30 percent New Delhi: State-run gas utility GAIL India has posted a 30 percent fall in net profit for the quarter ended on Sep 30 at Rs.713 crore as compared to Rs.1,023 crore reported in the like peri....
Anil Ambani group wants end to gas-marketing margin New Delhi: The Anil Ambani-led Reliance Infrastructure (R-Infra) has asked the power ministry to take up the issue of what it calls "unauthorized levy of marketing margin" by Mukesh Amb....
Reliance Industries scrip falls over problems in gas drilling Mumbai: Shares of petrochemicals-to-retail major Reliance Industries took a tumble today afternoon after its foreign partner in the D9 block of Krishna Godavari basin, Hardy Oil and Gas, said....
Panel formed to find gas customers for Reliance Industries New Delhi: The government has formed a ministerial group to find new customers for Reliance Industries so that the Mukesh Ambani-led firm could increase production of gas from its block in th....
Reliance gas dispute like war between two nations: Supreme Court New Delhi: The dispute over natural gas from Krishna-Godavari basin is not a fight between two companies, but one between two brothers, Mukesh and Anil Ambani, the Supreme Court observed today,....
ONGC registers fifth clean development project New Delhi: State-run oil explorer Oil and Natural Gas Corp (ONGC) has registered its fifth clean development mechanism (CDM) project with the UN Framework Convention on Climate Change.
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Cairn India sells stake, raises $1.6 billion Mumbai: Rajasthan crude oil fields operator Cairn India today said it had sold a 2.3 percent stake to Malaysian oil major Petronas and raised $1.6 billion through domestic and overseas channels....
Poor response to India's auction of hydrocarbon assets New Delhi: India received bids for just 36 hydrocarbon blocks out of 70 on offer under the new round of auction, which the oil ministry admitted as being a "poor" response, with even Re....
Anil Ambani's conciliatory message welcomed by brother Mukesh New Delhi: After a pilgrimage to two holy shrines, industrialist Anil Ambani sent a conciliatory message to elder brother Mukesh Ambani today, saying there was ample scope to amicably end their....
Anil Ambani's conciliatory message to brother Mukesh New Delhi: After a pilgrimage to two holy shrines, industrialist Anil Ambani sent a conciliatory message to elder brother Mukesh Ambani today, saying there was ample scope to amicably end their....
CBI begins probing allegations against oil regulator New Delhi: The Central Bureau of Investigation (CBI) today began its probe into the allegations against the Director General of Hydrocarbons, V.K. Sibal, that he took "favours" from Muk....
First parcel of Mangala crude reaches Mangalore Refinery New Delhi: The first parcel of crude from Cairn Energy's Mangala field reached the Mangalore Refinery and Petrochemicals Ltd (MRPL) today morning.
The parcel of 29,000 tonnes came....
GAIL completes funding for Assam petrochemical plant New Delhi: GAIL India has achieved financial closure for its petrochemical plant in Assam, company chairman B.C. Tripathi said on Oct 1.
"We have achieved financial closure for Br....
ONGC gets nod for investment in Vietnamese oil block
New Delhi: The overseas investment arm of state-run Oil and Natural Gas Corp (ONGC) has secured the government's nod for an additional investment of $149.46 million in a gas block in Vietna....
Common man will be insulated from oil price shocks: Deora Surat: The government will ensure that the common man will not be affected by the volatility in global energy prices, Petroleum Minister Murli Deora said here today.
Deora was in this....
5.5 cr more LPG connections in five years: Deora Surat: A total of 5.5 crore additional households will be provided cooking gas connections over the next five years covering almost two-thirds of the country, Union Petroleum Minister Murli Deo....
Anil Ambani group says gas marketing margin illegal Mumbai: The Anil Ambani group has called the marketing margin for the gas produced by Reliance Industries from the Krishna-Godavari basin illegal and asked the oil ministry to prevent the compa....
NTPC asks ministry to address gas marketing margin issue New Delhi: State-owned power utility NTPC has asked the power ministry to ascertain whether the marketing margin levied by Reliance Industries (RIL) on gas from the Krishna Godavari basin was v....
Suzlon promoters offload 4.5 percent stake in company Mumbai: Three promoters of wind power major Suzlon Energy have sold approximately 70 million equity shares, representing 4.5 percent of the paid-up capital of the company.
As per toda....
Anil Ambani group wants govt plea on gas dispute dismissed New Delhi: The Anil Ambani group today asked the Supreme Court to dismiss a government petition that questions the validity of its contract with Mukesh Ambani-led Reliance Industries for natura....
Sri Lanka, Reliance Industries in oil exploration talks New Delhi: The Mukesh Ambani-led Reliance Industries is in talks with the Sri Lankan government for exploring oil in the island country.
The government is "in talks with Reliance ....
Reliance Industries duping government: Anil Ambani firm Mumbai: Anil Dhirubhai Ambani Group (R-ADAG) on Sunday accused the Mukesh Ambani-headed Reliance Industries of charging an "illegal and unauthorised" marketing margin on sale of gas fro....
Essar's Raniganj gas reserve estimates raised Mumbai: The petroleum and natural gas regulator, Directorate General of Hydrocarbons (DGH), has upwardly revised estimates of Essar Oil's Raniganj gas find to 60.77 billion cubic metres fro....
NTPC moves apex court against Reliance Industries New Delhi: State-run power utility NTPC has moved the Supreme Court challenging the Bombay High Court order that permitted Mukesh Ambani-led Reliance Industries to amend its petition on the Kri....
Committed to drawing Reliance gas for Delhi region: NTPC Mumbai: State-run power utility NTPC today said it was "committed to drawing the allocated gas" from the Krishna-Godavari hydrocarbon basin for projects in the national capital region t....
NTPC not to file separate plea in Ambani brothers' tussle Noida: State-run power utility NTPC will not file a separate plea in the ongoing legal dispute between Reliance Industries and Reliance Natural Resources since the government has already moved ....
India moving towards new hydrocarbon asset auction system New Delhi: From an annual auction of its hydrocarbon blocks, India is moving towards a year-long bidding process, said Minister of State for Petroleum and Natural Gas Jitin Prasada here on Tues....
New ministerial panel on Reliance gas needed: Deora New Delhi: Petroleum Minister Murli Deora has asked Prime Minister Manmohan Singh to form a ministerial panel to find new buyers for additional gas produced by Reliance Industries from the Kris....
Ambani battle over gas cries for consistent govt policy
New Delhi: The feud between the two Ambani brothers - Mukesh and Anil - seems to be an unending saga on the lines of television soap operas, with the story becoming increasingly complex by the ....
Supreme Court will hear Ambani case on Oct 20 New Delhi: The Supreme Court today fixed Oct 20 to hear cross-appeals between the two squabbling Ambani brothers and the Union government on the issue of the supply of natural gas to a power fi....
PM to launch Cairn's Mangala production on Saturday New Delhi: In a major boost to India's quest for energy security, Prime Minister Manmohan Singh on Saturday will kick off Cairn India's oil production from Rajasthan's Mangala field....
Indian Oil losing $15 mn a day on fuel sale New Delhi: State-run petroleum products retailer Indian Oil Corp today said it was losing nearly $15 million every day by selling transport and cooking fuels below cost.
"At the c....
NTPC, oil ministry to file petitions on Reliance gas
New Delhi: State-run power utility NTPC and the oil ministry will file separate petitions in the Supreme Court on the ongoing legal battle over natural gas at $2.34 per unit from the Krishna-Go....
US, Irish firms to explore for oil in Bay of Bengal Dhaka: Bangladesh has unveiled its oil and gas exploration plans in the Bay of Bengal, awarding three blocks for exploration, while taking care that they do not fall within maritime territories....
Panel on Reliance gas row meets, but takes no decision New Delhi: The ministerial panel set up to decide on the government's stand on the Krishna-Godavari gas row, will meet again on Thursday after an informal round of talks here today.
India, Australia sign $20.5 bn gas deal New Delhi: India's Petronet LNG has signed a $20.5-billion gas purchasing agreement with Australia's ExxonMobil, the first long-term gas contract between the two countries.
Ac....
Niko announces gas discovery at Reliance Mahanadi block New Delhi: Canada-based Niko Resources has said it has found natural gas in the offshore Mahanadi basin block that it is jointly exploring with Reliance Industries Limited (RIL).
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Review of Reliance Industries gas not over yet: Auditor New Delhi: India's official auditor has on record said his office was yet to ratify the Rs.45,000 crore ($9 billion) capital expenditure claimed by Mukesh Ambani-led Reliance Industries for....
Review of Reliance Industries gas not over yet: Auditor New Delhi: India's official auditor has on record said his office was yet to ratify the $9 billion capital expenditure claimed by Mukesh Ambani-led Reliance Industries for tapping natural g....
Review of Reliance Industries gas not over yet: Auditor New Delhi: India's official auditor has on record said his office was yet to ratify the $9 billion capital expenditure claimed by Mukesh Ambani-led Reliance Industries for tapping natural g....
GAIL to supply gas to Rajasthan power plant
New Delhi: State-run gas major GAIL India will supply gas to the 160-MW power plant in Ramgarh, Rajasthan.
The company has signed a gas sales and transmission contract with Rajasthan ....
Now Reliance Industries speaks on gas dispute Mumbai: Breaking its silence on the ongoing dispute with the Anil Ambani group over gas from Krishna-Godavari basin, Mukesh Ambani-led Reliance Industries (RIL) on Friday said it will comment o....
Deora rules out takeover of Reliance gas distribution New Delhi: Petroleum Minister Murli Deora today ruled out a government takeover of the distribution of Krishna-Godavari gas, over which the Anil Ambani group is fighting a bitter legal battle w....
Anil Ambani group says Reliance gas valuation not independent Mumbai: The Anil Dhirubhai Ambani group today alleged conflict of interest in naming the two experts who evaluated and validated the overstated capital cost of Krishna-Godavari gas fields, awar....
Krishna-Godavari gas output being kept low: Anil Ambani firm New Delhi: Anil Ambani-led Reliance Natural Resources Ltd (RNRL) today once again said production at the D6 block in the Krishna Godavari (KG) hydrocarbon basin was being artificially curbed.
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Ambani says Reliance deliberately pumping gas at low levels Mumbai: Industrialist Anil Ambani welcomed Petroleum Minister Murli Deora's statement today that gas will be supplied to his group's proposed power plant in Uttar Pradesh but said Relia....
Despite Deora's defence, house adjourned over Reliance gas row New Delhi: India's lower house of parliament was adjourned for nearly two hours today when some members of the opposition alleged that Uttar Pradesh was not being given its due share of Rel....
ONGC to start drilling for oil off Kochi coast Kochi: It will take at least 100 days to confirm whether there is hydrocarbon presence off Kochi coast, Oil and Natural Gas Corp (ONGC) chairman R.S. Sharma said today.
"My initia....
Cairn to begin oil production from Rajasthan this month New Delhi: Cairn India, part of the British oil explorer Cairn Energy, will start crude oil production from its Mangla oil fields in Barmer, Rajasthan, from the second week this month, a top of....
Indian Oil net surges 780 percent New Delhi: India's largest refiner Indian Oil Corp today said its net profit for the quarter ended on June 30 surged 780 percent as lower crude oil prices narrowed its revenue losses.
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Oil ministry stand will erode investor confidence: Anil Ambani New York: The partisan stand adopted by India's petroleum ministry in the dispute over natural gas between two corporate houses will erode investor confidence and goes against the governmen....
Oil ministry stand will erode investor confidence: Anil Ambani New York: The partisan stand adopted by India's petroleum ministry in the dispute over natural gas between two corporate houses will erode investor confidence and goes against the governmen....
Anil Ambani seeks early end to Reliance gas dispute Mumbai: A day after accusing the oil ministry of adopting a partisan stand in the Reliance gas dispute, Anil Ambani today said his company had served a notice to the parties and will move court....
Govt gets $510,000 as profit share from crude production New Delhi: The government has received $510,000 as its share of profit petroleum on commercial production of the Krishna-Godavari (KG) block crude oil for seven months, it said today.
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Reliance Industries net profit dips 11.5 percent Mumbai: The net profit of oil-to-petrochemicals major Reliance Industries (RIL) dropped 11.5 percent to Rs.3,636 crore ($759 million) for the quarter ended on June 30, compared to the Rs.4,110 ....
India must look for oil assets overseas: CII New Delhi: As the oil price is below $100 per barrel in the international market right now, India should look at entering long-term crude oil contracts and acquiring oil assets overseas, sugges....
ONGC will invest $730 mn in Cairn's Rajasthan block New Delhi: The state-run Oil and Natural Gas Corporation Limited will invest $730 million in a Cairn India block in Rajasthan, despite expecting negative returns, Petroleum Minister Murli Deora....
Apex court issues notices on Reliance gas dispute New Delhi: The Supreme Court on Tuesday issued notices to Reliance Industries Ltd (RIL) of Mukesh Ambani and Reliance Natural Resources Ltd (RNRL) of Anil Ambani, locked in a dispute over the s....
India to resume roadshows for hydrocarbon assets auction New Delhi: India will resume road shows for its latest round of auction of hydrocarbon assets, with the finance minister announcing in the union budget that tax holiday would be extended to nat....
Stalin demands gas grid in southern India
Chennai: Tamil Nadu Deputy Chief Minister M.K. Stalin today requested the central government to set up a gas grid in the south for the rapid industrialisation of the southern states.
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List of revised fuel prices in four metros New Delhi: The following are the revised retail prices of petrol and diesel effective from July 1 midnight in four metros of Delhi, Kolkata, Mumbai and Chennai:
Petrol (Rupees per ....
Common people, opposition protest fuel price hike New Delhi: Common people and opposition parties alike sharply criticised the government for the hike in the petrol and diesel prices announced today evening.
The Bharatiya Janata Part....
India inc welcomes petrol price hike New Delhi: India Inc today welcomed the government's decision to raise fuel prices, saying the move would help oil companies reduce their huge subsidy burden.
"With hike in pr....
India to spread CNG network to 200 cities by 2015 New Delhi: Cooking gas connections for 75 percent of the population, CNG network expansion to 200 cities, SMS booking for gas cylinders and biometric cards for kerosene users are some of the el....
Government considering fuel price hike New Delhi: The government is "seriously concerned" about the rise of crude oil prices in the global market and is looking at various options, including raising fuel prices, to tackle th....
GAIL net profit rises by 8 percent New Delhi: State-run gas major GAIL India today reported a net profit of Rs.2,804 crore ($585 million) for 2008-09 as against Rs.2,601 crore recorded the year before, an increase of 8 percent.
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Hindustan Petroleum net down 44.5 percent Mumbai: State-run oil refining and marketing major Hindustan Petroleum Co Ltd (HPCL) today reported 44.5 percent fall in consolidated net profit for 2008-09 at Rs.757.32 crore, down from Rs.1,3....
Government may levy cess on gas New Delhi: The government is considering a cess on natural gas produced in the country to finance the expansion of gas pipeline network, Petroleum Secretary R.S. Pandey said on Wednesday.
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Castrol India's net profit up by 5% Mumbai: Castrol India Limited on Monday declared its unaudited results for the first quarter ended 31st March 2009. The results reflect a good performance, especially when compared with the ch....
Reliance Petroleum posts Rs.84 crore net profit Mumbai: Reliance Petroleum Ltd (RPL), the refinery arm of the Mukesh Ambani-controlled Reliance Industries Ltd (RIL), on Thursday reported a net profit of Rs.84 crore ($17 million) for the quar....
ONGC defers investments in Imperial Energy New Delhi: The state-run Oil and Natural Gas Corp (ONGC) has postponed its investments in its biggest acquisition, Imperial Energy, and will consolidate operations in western Siberia, the top c....
India, Kazakhstan to sign contract for Satpayev oil block New Delhi: India and Kazakhstan will sign an exploration and production agreement for the the Satpayev oil block on the Caspian Sea before the new domestic Kazakh law on reviewing contracts....
Perot Systems expands Indian operations Chennai: The US-based $2.8 billion revenue Perot Systems Corporation is ramping up its Indian operations taking up additional space as well as building its own, a top company official said on....
ONGC to start drilling wells in Gulf of Khambhat Surat: Oil and Natural Gas Corp (ONGC) will soon start drilling three exploration wells at a depth of 2,500 to 4,500 metres in the Gulf of Khambhat off northwest Gujarat, officials said.
The....
ONGC refutes Goldman Sach's negative rating New Delhi: State-run upstream major Oil and Natural Gas Corp (ONGC) on Sunday refuted concerns raised by investment banker Goldman Sachs over corporate governance issues, saying the bank's an....
ONGC to invest Rs 24.65bn in Assam New Delhi: State-run major Oil and Natural Gas Corp on Thursday said it will invest Rs.24.65 billion (Rs.2,465 crore) for revamping oil fields in Assam.
The board of the upstream major a....
No immediate cut in diesel price: Deora
New Delhi: The government has no immediate plans to reduce diesel prices even though global oil prices are at record low levels, Petroleum Minister Murli Deora said here on Wednesday.
"As of ....
Key papers sought on Reliance Petroleum role in Iraqi oil deal
New Delhi: The Enforcement Directorate has sought permission from the finance ministry to obtain some key documents from Iraq, Jordan and Lebanon to establish if Reliance Petroleum Ltd (RPL) had....
India approves three massive integrated petro-chemical hubs New Delhi: India's cabinet on Monday approved three major projects under its policy for petroleum, chemicals and petrochemical investment regions (PCPIR) ? one each in West Bengal, Gujarat ....
Oil firms didn't spend two percent of profits on CSR New Delhi: India's state-owned oil companies did not meet their target of spending two percent of their profits on corporate social responsibility (CSR), Petroleum Minister Murli Deora admitt....
Gas from new Reliance fields from April: Deora New Delhi: Natural gas supplies from the Krishna-Godavari basin, off the Andhra Pradesh coast and awarded to Reliance Industries, will start from April with 40 million metric standard cubic m....
High global oil prices bring unexpected bonanza for exchequer New Delhi: High global oil prices, that saw a barrel of crude sell for nearly $150 per barrel at one point last year, has secured unexpected bonanza to the government in the form of royalty....
Under-recoveries on petroleum products to be less than feared Mumbai: The government on Sunday said under-recoveries on account of subsidies on petroleum products would be around Rs.1 trillion this fiscal and not Rs.2.45 trillion as estimated earlier.
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PNG supply commences in Noida
Noida: The Indraprastha Gas Ltd (IGL) on Sunday commenced supply of piped natural has (PNG) to Noida. U.D. Choubey, chief managing director of GAIL (India), inaugurated the PNG supply at the PM....
ONGC discovers new oil wells in Gujarat Ahmedabad: The state-run oil producer Oil and Natural Gas Corp (ONGC) has discovered two new oil wells in Patan district in Gujarat, which have estimated oil reserves of over one million tonnes....
National gas grid to be ready by 2015 Kolkata: The pan-Indian network to distribute piped gas will be up and running by 2015, with 8,000 km of the grid under development and the government approving nine additional pipelines, a t....
Public oil firms to spend Rs.6 bn on social projects New Delhi: Public sector oil companies will set aside over Rs.6 billion (Rs.600 crore), or at least two percent of their profits, for corporate social responsibility (CSR) projects, it was an....
Court lifts ban on sale of Reliance gas New Delhi: The Bombay High Court on Friday lifted its interim ban on the sale of natural gas by Reliance Industries from the Krishna-Godavari basin till final orders March 15, and said the ....
India cuts prices of transport, cooking fuels New Delhi: India late on Wednesday allowed its state-run petroleum retail companies to cut the prices of gasoline, diesel and cooking gas. Petrol will now be cheaper by Rs.5 a litre, diesel by ....
ONGC net profit dips 43.3 percent in third quarter New Delhi: State-run Oil and Natural Gas Corp (ONGC) on Wednesday reported a 43 percent dip in net profit in the quarter ended Dec 31, but expressed hope that the fourth quarter performance wil....
ONGC net profit dips 43.3 percent in third quarter New Delhi: State-run upstream major Oil and Natural Gas Corp on Wednesday reported 43.3 percent dip in its net profit for the quarter ended Dec 31, owing to low crude prices.
The company's....
Indians wake up to fuel price cut good news New Delhi: Indians woke up to some pleasant news Thursday with the prices of fuel being cut further as the government allowed its state-run petroleum retail companies to cut the prices of pet....
Anil Ambani group questions government's role on gas pricing Mumbai: Anil Ambani-led Reliance Natural Resources on Thursday pleaded before the Bombay High Court that the government had no right to fix the sale price of gas due to it from the hydrocarbo....
ONGC to decide on exploration in Sri Lanka in a month New Delhi: The state-run Oil and Natural Gas Corp (ONGC) will take a decision on exploration of hydrocarbon assets in a block offered by the Sri Lankan government within a month, the oil mini....
Mukesh Ambani?s Reliance denies gas pact with brother?s firm Mumbai: Mukesh Ambani?s Reliance Industries on Wednesday denied any pact with Anil Ambani Group?s Reliance Natural Resources Ltd (RNRL) for the sale of natural gas from the Krishna-Godavari b....
India offers Qatar 10 percent stake in Petronet New Delhi: India on Wednesday offered a 10 percent stake in Petronet LNG Ltd, the state-run procurer of liquefied natural gas (LNG), to Qatar.
Petroleum Minister Murli Deora made the offer....
India, Syria sign oil exploration pact New Delhi: India and Syria on Wednesday signed an agreement paving the way for ONGC Videsh, the foreign arm of upstream major Oil and Natural Gas Corp, to explore for oil and natural gas in S....
Bharat Petroleum in talks for Reliance gas New Delhi: State-run Bharat Petroleum Company Limited (BPCL) on Tuesday said it was negotiating with Mukesh Ambani-led Reliance Industries for allocation of gas from the Krishna-Godavari basi....
Further fuel price cut to reduce operating profits: HPCL New Delhi: Hindustan Petroleum Corporation Ltd (HPCL) on Tuesday said it is opposed to further cut in fuel prices by the government as it will lead to a reduction in the company's operating p....
Further fuel price cut to reduce operating profits: HPCL New Delhi: Hindustan Petroleum Corporation Ltd (HPCL) on Tuesday said it is opposed to further cut in fuel prices by the government as it will lead to a reduction in the company's operating p....
New York: Crude oil tumbled more than eight percent Wednesday as an OPEC production cut failed to boost the bearish market sentiment over slumping demand.
Light, sweet crude for Januar....
India looks at Russia for assured oil supply New Delhi: India is hoping that the successful outcome of Sakhalin 1 oilfield project will be replicated in other projects in Russia. The Oil and Natural Gas Corp (ONGC) is in discussion with s....
India looks to central Asia for securing fuel supplies New Delhi: India is looking for greater 'synergy in energy' with central Asian countries, Petroleum Minister Murli Deora said on Tuesday. Deora said ONGC Videsh Ltd, the overseas arm of India's....
Oil prices to be slashed after assembly polls: Deora
New Delhi: The government could reduce fuel prices after the assembly elections end next month, Petroleum Minister Murli Deora said on Tuesday. ?We have to reduce oil prices after the assembly ....
OPEC oil price drops to $42.56 Vienna: The price for crude oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) continued falling. As on last Friday it dropped to $42.56 per barrel, the cartel reporte....
OPEC oil price falls below $45 Vienna: The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell to $44.06 on Thursday. It is the lowest price of crude since May 2005. One barrel (....
Govt clears bids for 44 hydrocarbon blocks New Delhi: India today approved a set of 44 hydrocarbon blocks to be awarded to bidders in the latest round of auction, with contracts to share production with state-run oil companies expected ....
GAIL mulls floating subsidiaries New Delhi: The state-run gas utility GAIL Ltd may float operations in several subsidiaries, the company said on Wednesday. ?We need to move aggressively in various sectors. So we are thinking o....
OPEC oil price dips below $50 Vienna: The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell to $49.94 today, reaching yet another record low for 2008. One barrel (159 litres) ....
Petroleum Minister suggests joint projects to Russia New Delhi: Petroleum Minister Murli Deora returned to India on Thursday after a visit to Russia, during which he proposed several joint projects between Indian and Russian oil companies and lob....
Deora on business diplomacy in Russia, meets Putin Moscow: Union Minister of Petroleum and Natural Gas Murli Deora met Russian Prime Minister Vladimir Putin today at Moscow and emphasized that India seeks to enhance growing synergy between Indi....
Rs 455 bn investment expected in gas pipeline sector New Delhi: India expects investments worth Rs 455 billion in the gas pipeline sector in the next four years, said an industry lobby report, released on Tuesday. The report, prepared jointly by ....
Oil prices dip, but no respite in India New Delhi: Petroleum Minister Murli Deora today ruled out an immediate reduction in petrol, diesel and domestic LPG prices saying that the international oil prices haven't fallen so much to war....
Reliance to sell oil in India only if subsidy is extended New Delhi: Reliance Industries, one of the prime producer of petroleum products of the country, revealed today that it can sell petrol and diesel in domestic market if the barriers like 'double....
Indian Oil loses Rs 12 bn following dollar appreciation New Delhi: Indian Oil Corporation today said that it has lost Rs 12 billion since the last revision of the dollar or its appreciation against the rupee. Speaking on the sidelines of an energy c....
Deora rules out reduction in petroleum prices
Jaipur: Prices of petroleum products are not going to be reduced as of now, the government said today. Addressing a press conference, Petroleum Minister Murli Deora ruled out a downward revisio....
India still interested in gas pipeline from Iran, Pakistan New Delhi: Two days after Iran and Pakistan agreed to form a joint company to raise funds for the Iran-Pakistan-India gas pipeline, India said that it was still interested in going ahead with t....
RIL starts production in Krishna-Godavari basin New Delhi: India's largest private oil major, Reliance Industries Ltd (RIL), has started production of oil from the Krishna-Godavari (K-G) basin, its chairman Mukesh D Ambani said on Sunday. Th....
ONGC declares highest dividend by an Indian firm New Delhi: State-owned Oil Natural Gas Corp (ONGC) on Friday declared a dividend of Rs 68.44 billion, the highest by an Indian company in absolute terms. Earlier this year, ONGC had announced a....
Iran demands revision of IPI gas pricing formula Islamabad: In a move that could lead to further delay in the USD 7.4 billion Iran-Pakistan-India (IPI) pipeline project, Tehran has demanded a revision in the gas tariff and the pricing formula....
Cheaper crude welcome; but no price cut now: Deora New Delhi: Petroleum Minister Murli Deora today said there were no plans to cut fuel prices in immediate future, while terming the fall in global crude prices to the lowest in six months as a "....
Crude oil price below $100 per barrel; price-cut unlikely New Delhi: India's crude oil import price has dropped to below USD 100 a barrel, first time since April, but a cut in domestic retail prices is a distant possibility given the fact that state-r....
OVL to complete Imperial deal in 4-5 weeks: Deora New Delhi: The overseas arm of Oil and Natural Gas Corportion Limited (ONGC Videsh) will complete its acquisition of London-based Imperial Energy, which has significant Russian hydrocarbon asse....
Indian Oil Corporation to meet Euro-IV deadline New Delhi: In order to meet the deadline of producing Euro-III and Euro-IV grade petrol and diesel from April 2010, the Indian Oil Corporation (IOC), the country's largest refiner, is investing....
Reliance not to transfer stake in gas block New Delhi: Reliance Industries Limited today announced that it has discarded plans to transfer a majority stake in a deepwater gas block in the Krishna Godavari basin to a fully-owned subsidiar....
Kazakh firm, ONGC-Mittal talks stuck on oil block New Delhi: India is unlikely to have a presence in Kazakhstan's upstream industry before 2009, with the central Asian nation unwilling to hold negotiations on the commercial terms of production....
Government rejects VAT panel demand New Delhi: The Centre has rejected the demand of states for sharing half of their Rs 8,000-crore burden this fiscal- incurred after they cut sales tax on petroleum products to minimise the ....
Govt orders to clear new LPG connections in 60 days New Delhi: Government today took state-run oil firms to task for reported shortages in fuel supplies in some parts of the country and asked them to clear the wait-list for new domestic cooking ....
Petrol prices not to fall despite drop in global market New Delhi: A drop in global crude prices does not offer the government any immediate scope for reduction in domestic fuel prices, although India's crude basket price has fallen over eight per c....
Panel on oil firms' finances submits report to PMO Bangalore: A high-power committee constituted by Prime Minister Manmohan Singh in June to study the financial position of the state-run oil firms in the wake of soaring crude oil prices has sub....
