Natural gas prices to fall next fiscal: Goldman Sachs
Natural gas prices for existing fields like KG-D6 of Reliance Industries will dip to USD 3.6 per unit in next fiscal from USD 3.82 currently, Goldman Sachs said Wednesday.
Nov 18, 2015, 18:35 PM IST
India asks Qatar to cut gas price in line with global slump
India has asked its largest liquefied natural gas (LNG) supplier Qatar to cut prices to match a 40 percent slump in global rates as well as waive penalty for not buying all of the contracted fuel.
Oct 29, 2015, 21:46 PM IST
Infosys acquires Noah Consulting for $70 mn in all-cash deal
IT major Infosys Monday announced acquisition of US-based oil and gas consulting firm Noah Consulting for USD 70 million (approximately Rs 453.5 crore) in an all-cash deal.
Oct 19, 2015, 23:39 PM IST
Tapti gas field expected to cease production by year end: RIL
The depleted Tapti gas field of the Panna/Mukta and Tapti (PMT) cluster in Arabian Sea is likely to cease production by the end of this year, Reliance Industries has said.
Oct 18, 2015, 19:21 PM IST
ONGC may not get much compensation in gas dispute with RIL
State-owned ONGC may not get much compensation even if it is established that natural gas from its idlying fields in Bay of Bengal had migrated to adjoining KG-D6 block of Reliance Industries as the contract does not provide for retrospective penalty for such acts.
Oct 11, 2015, 18:34 PM IST
RIL, ONGC share gas fields: D&M
ONGC had in 2013 claimed that RIL had deliberately drilled wells close to the common boundary of the blocks and that some gas it pumped out was from its adjoining block.
Oct 08, 2015, 18:55 PM IST
PNGRB invites bids for CNG retailing licences in 34 cities
Oil regulator PNGRB has invited bids for giving CNG retailing licences in 34 cities, including Amethi in Uttar Pradesh, Ahmedabad in Gujarat and Bhatinda in Punjab.
Oct 05, 2015, 21:32 PM IST
ONGC swamped with offers for hiring deep sea rigs
With the sharp cut in investments by global oil majors leaving drilling rigs with no business, state-run Oil and Natural Gas Corp (ONGC) has been swamped with offers in a tender it floated for hiring five deep sea rigs for its KG-basin gas block campaign.
Sep 27, 2015, 13:15 PM IST
Bids for 69 marginal oil and gas fields to begin by Dec: Pradhan
Petroleum and Natural Gas Minister Dharmendra Pradhan Monday said the government will open the bids for 69 marginal oil and gas fields from late November or early December and expressed confidence of getting good response from across the globe.
Sep 21, 2015, 21:43 PM IST
ONGC says expert report to decide its dispute with RIL
With Delhi High Court disposing its petition alleging natural gas from its KG block seeping into neighbouring fields of Reliance Industries, state-owned ONGC has said an independent expert report next month will determine if its apprehensions were right or wrong.
Sep 16, 2015, 20:10 PM IST
ONGC Videsh submits $10 bn proposal to Iran for Farzad-B gas field
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has submitted a USD 10 billion integrated proposal to Iran for developing the Farzad-B gas field in the Persian Gulf and shipping the gas to India.
Sep 15, 2015, 19:41 PM IST
ONGC makes gas find in KG block
ONGC discovered oil and gas in the well F-1 in the northern part of the KG basin block KG-DWN-98/2 or KG-D5, which sits next to the flagging KG-D6 block of Reliance Industries.
Sep 15, 2015, 19:37 PM IST
BP for extending marketing, pricing freedom to gas fields
BP Plc, Europe's second-largest oil company, Friday made a case for extending the marketing and pricing freedom given to operators of marginal and small oil and gas fields to conventional fields like KG basin D6 block.
Sep 11, 2015, 22:07 PM IST
ONGC-RIL gas siphoning row: HC disposes of PSU's plea
Delhi High Court today disposed of ONGC's petition accusing RIL of "deliberately disgorging" natural gas worth Rs 30,000 crore from the PSU's well in the Krishna-Godavari (KG) basin, by asking the Centre to take a decision once it gets the report of an expert panel set up to examine the issue.
Sep 10, 2015, 22:22 PM IST
RIL tests presence of natural gas in contentious discoveries
RIL last week completed Drill Stem Test (DST) on the Dhirubhai-29 (D-29) gas discovery that established presence of hydrocarbon, sources privy to the development said.
Sep 06, 2015, 10:41 AM IST
Govt to auction 69 oil & gas fields; Rs 70,000 crore to be monetised
In a 'paradigm' shift, government will auction 69 idle oil and gas fields of state-owned ONGC and Oil India to private firms on a new revenue sharing model and liberalised terms including pricing and marketing freedom.
Sep 02, 2015, 20:36 PM IST
Petronet to raise Rs 1,000 crore through bonds issue
Petronet LNG Ltd, India's biggest liquefied natural gas importer, will raise Rs 1,000 crore through bonds issue this fiscal mostly to pay off its existing debt.
Sep 01, 2015, 18:57 PM IST
Govt to fix formula for premium on gas pricing soon: Pradhan
Petroleum Minister Dharmendra Pradhan on Friday said the government would soon finalise a formula to calculate premium on gas pricing for difficult blocks.
Aug 28, 2015, 19:26 PM IST
US crude down 4% to hit 6-1/2-year low on surprise stock build
US crude oil slumped over 4 percent on Wednesday to hit a 6-1/2-year low and almost break below $40 per barrel, as a huge unexpected stockpile build in the United States reinforced concerns about a growing global oil glut.
Aug 20, 2015, 08:59 AM IST
Gas prices to dip below $4.2/unit from October 1
Natural gas prices in India may, from October 1, fall below USD 4.2 per unit, a rate that was used last year to devise a new pricing formula to incentivise domestic exploration.
Aug 16, 2015, 21:14 PM IST
