Govt to announce new gas price formula for 'difficult fields'
Government will "any day" announce a decision to allow market price for part of gas discoveries made in future from difficult fields, Oil Minister Dharmendra Pradhan said Monday.
Aug 10, 2015, 17:55 PM IST
IGL Q1 profit down 11% to Rs 102 crore
Indraprastha Gas Ltd, the sole supplier of CNG and piped cooking gas in the national capital, Wednesday reported 11 percent drop in the June quarter net profit on lower realisation from industrial and commercial users.
Aug 05, 2015, 19:28 PM IST
Production from GSPC fields in KG basin faces delay
Nearly a year after beginning trial gas production and investing USD 3.4 billion, Gujarat's GSPC is yet to start commercial production from its Deen Dayal discoveries in KG basin.
Aug 02, 2015, 14:25 PM IST
Infra sector growth slows down to 3% in June
The sharp decline in the pace of growth during June follows a six-month high rate of 4.4 percent in May this year.
Jul 31, 2015, 18:30 PM IST
Growth in eight core infra industries rises by 3% in June
The eight sectors contribute 38 percent to the overall industrial production, a parameter that the RBI takes into account while framing its monetary policy.
Jul 31, 2015, 17:35 PM IST
BP chief pitches for 'appropriate' pricing for gas projects
Unlike past when he was accompanied by Mukesh Ambani, head of Reliance Industries -- BP's partner in India, Dudley met Modi yesterday alongwith his India head Sashi Mukundan.
Jul 15, 2015, 15:22 PM IST
'Iran N-deal may revive long-pending gas pipelines to India'
The landmark nuclear deal reached between major world powers and Iran will lead to an increase in oil exports from the West Asian nation to India, and may revive the long-pending gas pipeline projects involving the two countries, industry body Ficci said Tuesday.
Jul 14, 2015, 22:54 PM IST
IGL raises stake in MGNL to 50%
Earlier this year, IGL acquired 4.75 crore shares in MNGL in the first tranche at a price of Rs 38 from certain financial investor shareholders of MNGL.
Jul 13, 2015, 11:14 AM IST
PM Modi for early operation of TAPI; India, Turkmenistan ink 7 pacts
The TAPI gas project is an over 1,800-km pipeline with design capacity to supply 3.2 billion cubic feet of natural gas per annum from Turkmenistan to Afghanistan, Pakistan and India.
Jul 11, 2015, 16:44 PM IST
ONGC to cut gas production by 40%
The company plans to carry out repair work on the 42-inch pipeline that carries natural gas from the Bassein field to Hazira, from July 7 to 27.
Jul 03, 2015, 17:18 PM IST
Qatar vast gas reserves 'to last 138 years': Report
Qatar's gas reserves are so vast it can maintain production at current rates for another 138 years, according to an official report published Sunday.
Jun 21, 2015, 23:09 PM IST
ONGC Videsh to invest $400 mn in Kazakhstan
ONGC Videsh Limited (OVL), the external arm of state-run explorer Oil and Natural Gas Corporation, will invest up to $400 million for exploration activities in Kazakhstan, an official said on Wednesday.
Jun 17, 2015, 19:43 PM IST
ONGC Videsh seeks financial autonomy to invest $1 billion
ONGC Videsh Ltd has sought greater financial autonomy to decide on investments of up to USD 1 billion (about Rs 6,400 crore) without government nod to speed up acquisition of overseas oil and gas fields.
Jun 17, 2015, 16:51 PM IST
Finance Ministry returns Oil Ministry's gas price premium proposal
Finance Ministry has returned an Oil Ministry proposal to allow market price for part of the natural gas produced by firms like ONGC and Reliance Industries from difficult fields.
Jun 09, 2015, 12:22 PM IST
India to start filling strategic oil reserve this month: Govt
India will start keeping a strategic oil reserve from this month, which would be located at Visakhapatnam in Andhra Pradesh, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan said Monday.
Jun 08, 2015, 23:00 PM IST
ONGC profit dips 19.5% on higher costs, write-off
State-owned ONGC Thursday reported 19.5 percent drop in net profit to Rs 3,935 crore for the quarter ended March 31, 2015, mainly due to higher operating cost and write-off on dry wells drilled.
May 28, 2015, 18:49 PM IST
GAIL reports in 53% drop in Q4 profit
State-owned gas utility GAIL India Wednesday reported a 53 percent drop in March quarter net profit as it sold less gas.
May 27, 2015, 20:57 PM IST
ONGC Videsh posts 57% drop in net profit at Rs 1,904 cr in FY15
ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), Monday reported a 57.16 percent fall in its net profit at Rs 1,904 crore in FY 2014-15, mainly due to lower oil prices.
May 25, 2015, 21:39 PM IST
Iran raises gas prices by 40% in subsidy cut: Report
Iran will raise gasoline prices by some 40 percent, the country's official news agency reported, the latest cut to the Islamic Republic's fuel subsidies that cost it some USD 32 billion a year.
May 25, 2015, 18:19 PM IST
GAIL in talks with Shell to sell US LNG supply
India`s Gail has signed a preliminary deal with Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production, three sources with knowledge of the matter said.
May 20, 2015, 17:06 PM IST
