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Reliance Industries to return some KG fields to government this year
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Top Reliance Industries Ltd (RIL) officials told Parliament's public accounts committee (PAC) that the company will return offshore areas at Krishna-Godavari gas fields to the government
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D6 oil field: RIL officials to appear before PAC
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Reliance Industries' officials, including executive director PMS Prasad, are expected to appear before the Public Accounts Committee
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Decision on ONGC, BHEL selloff mode deferred
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A decision on the disinvestment strategy for two leading state-run companies, ONGC & BHEL, was deferred after a meeting of the empowered group of ministers.
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Allegations of lean gas purchases fuel probe into petronet's imports
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The government has ordered a probe into Petronet LNG's imports of liquefied natural gas following allegations that the company has quietly switched to buying lean gas,
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Methane gas plant starts functioning in Jharkhand
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The second methane gas plant in Jharkhand has started functioning at Talaspar village in Hazaribagh district.
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ONGC plans $33 bn capital spend for 2012-17 period
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Oil and Natural Gas Corp plans to spend Rs 1.64 trillion ($33 billion) on capital expenditure in the five years starting April 2012
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IOC to invest Rs 7,700 Cr in pipelines by 2015
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State-run Indian Oil Corporation (IOC) plans to invest 7,700 crore by 2015 to expand its pipeline network, which has emerged as a highly profitable business
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Jet fuel prices slashed by over 3%
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State-owned oil companies today slashed jet fuel prices by over 3% as an appreciating rupee made imports cheaper.
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Petroleum Ministry asks RIL to withdraw notice
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The Petroleum Ministry has asked Reliance Industries to immediately withdraw its arbitration notice against the proposed move to curtail cost-recovery
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MRPL worried about crude supply disruption from Iran
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India's biggest importer of Iranian crude oil, Mangalore Refinery & Petrochemicals Ltd (MRPL), is concerned about possible supply disruption because of international sanctions
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HPCL says to buy less oil from Iran in FY13
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HPCL may buy 2.8 million tonnes of crude from Iran in 2012/13 against three million tonnes this fiscal year, its chairman said on Wednesday.
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RBI asks govt to deregulate diesel prices
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The Reserve Bank of India today said that the government should deregulate diesel prices to contain the trade deficit, which is expected to widen to $160 billion during the current fiscal.
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EGoM may take up Oil Ministry’s suggestion on gas allocation policy next month
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A high-level ministerial panel in mid-February may take up the Oil Ministry’s suggestion of key changes in the natural gas allocation policy in view of a sharp drop in output
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ONGC to set up gas-based fertilizer plant in Tripura
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State-owned Oil and Natural Gas Corporation (ONGC) will set up a Rs.5,000 crore, gas-based fertilizer plant in Tripura
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‘India’s purchase of Iranian oil may drop further’
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India’s purchase of oil from Iran has dropped slightly in the last two years and is expected to drop further given the difficulties New Delhi might have in making payments through banks
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EU's Iran oil ban: More trouble for India
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As the European Union begins an oil embargo against Iran, India's payment options for Iranian oil became further constrained.
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India trying to find solution to pay for Iran oil: RBI
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Reserve Bank of India deputy governor K C Chakrabarty today said that efforts were being made to explore ways to pay for oil imported from Iran which has been subjected to international sanctions.
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Outlook for Indian oil and gas sector stable in 2012: Fitch
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Notwithstanding the huge subsidy burden and uncertain global economic environment, the outlook for the Indian oil and gas sector remains stable in 2012
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Crude oil found in Umrangso well
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Residents of Umrangso town were delighted to discover liquid gold this morning from an unused well. The authority of that small town had a tough time to control the crowd who gathered to amass petroleum gifted by nature.
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ATASU oil blockade hits ONGC, IOC work
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Crude oil and natural gas production by India’s premier oil exploration company Oil and Natural Gas Corporation (ONGC) has been hit in Sivasagar district following a 24-hour oil blockade by All Tai Ahom Students’ Union (ATASU) on Monday.
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CNG dealers defer strike by 3 days
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CNG dealers deferred their strike for three days following assurances from the state and the Centre that their demand for a commission of at least Rs 1.73 per kg would be looked into.
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ONGC to buy out three blocks of BG
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Flagship explorer Oil and Natural Gas Corporation will buy out UK energy major BG in three of its eastern offshore acreages even as the state-run company reported
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CNG price hiked by Rs 1.25 per kg
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Days after Delhi did it, Gurgaon also hiked compressed natural gas (CNG) prices with effect from Wednesday
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Adani Group, Oil India to bid for BG Group's 65% stake in GGCL
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The Adani group and state-run oil companies have signed confidentiality agreements to bid for the controlling stake of the BG Group in India's biggest private-sector city gas distribution venture
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RIL's export to Bahamas: Investigators rule out foul play
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Government investigators looking into a sudden surge in exports from India to Bahamas are all set to conclude the numbers are not dodgy, which could result in Reliance Industries Ltd
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