BP says gas price hike positive step
BP plc, Europe's third-biggest oil company, has said that the 33 percent increase in natural gas price is a positive step towards creating an economic landscape that helps in development of gas resources.
Oct 31, 2014, 14:54 PM IST
Ukraine, Russia, EU agree to natural gas supply deal
Ukraine, Russia and the European Union signed a deal on Thursday that will see Moscow resume vital supplies of gas to its ex-Soviet neighbour over the winter in return for payments funded in part by Kiev`s Western creditors.
Oct 31, 2014, 09:13 AM IST
Ukraine, Russia, EU likely to agree gas supply deal: Officials
Negotiators from Ukraine, Russia and the European Union on Thursday agreed a deal on the resumption of Russian gas supplies to Ukraine and are to sign the accord shortly, sources close to the talks said.
Oct 31, 2014, 06:57 AM IST
Oil India seeks more hydrocarbon concessions globally
India's second largest public sector company Oil India Limited (OIL) is seeking more hydrocarbon concessions across the globe, including Brazil and Mexico.
Oct 29, 2014, 09:04 AM IST
Vietnam commits to collaborate in oil and gas sector with India
Prime Minister Narendra Modi on Tuesday announced that India and Vietnam have agreed to commit to collaborate in the oil and gas sector, adding that this agreement, along with other memorandums of understanding (MoUs) signed on the day are a reflection of the strong economic relations between the two nations.
Oct 28, 2014, 16:09 PM IST
GAIL in search of partner for LNG import terminal at Paradip
The company is seeking a LNG supplier or a major consumer of gas as strategic partner.
Oct 27, 2014, 17:31 PM IST
Oil Min to overhaul exploration policy: Pradhan
After unveiling major reforms since BJP's storming to power, Oil Minister Dharmendra Pradhan plans to overhaul the exploration policy to attract investors, spur energy output and revive the economy.
Oct 26, 2014, 11:18 AM IST
Merkel urges Putin to support solution to Ukraine gas dispute
German Chancellor Angela Merkel urged Russian President Vladimir Putin in a telephone call Friday to throw his weight behind a quick resolution of an ongoing gas dispute with Ukraine as winter looms.
Oct 24, 2014, 20:19 PM IST
Decision on premium for deep sea gas discoveries by early 2015
The government will by early next year decide on the premium that will be paid for new gas discoveries in deep-sea over and above the just approved rate of USD 5.61, Oil Secretary Saurabh Chandra said Wednesday.
Oct 22, 2014, 21:21 PM IST
Gas price to dent RIL, but EPS, ROCE may still double: Barclays
liance Industries will get 33 percent higher gas price of USD 5.61 per mmBtu for output from MA field in the KG-D6 block, but its main D1&D3 fields will continue to get old rate of USD 4.2.
Oct 21, 2014, 18:26 PM IST
Gas pricing will ensure profit, not windfall profit: Jaitley
Days after approving lower than demanded gas price increase, Finance Minister Arun Jaitley has said the USD 5.61 per mmBtu rate will ensure explorers make profit but not windfall gain.
Oct 20, 2014, 22:04 PM IST
Gas price hike to add Rs 1,950 cr to ONGC profits this fiscal
State-owned Oil and Natural Gas Corp (ONGC) will rake in about Rs 1,950 crore in additional profit this fiscal from the 46 percent rise in natural gas prices announced by the government.
Oct 19, 2014, 13:27 PM IST
Gujarat industries accuse GAIL of taking arbitrary action
Facing shutdown due to drastic cut in natural gas supplies, over two dozen small industries of South Gujarat have accused state-owned GAIL India Ltd of selectively and arbitrarily taking action that is in contravention of stated policy.
Oct 15, 2014, 17:38 PM IST
EU proposes October 21 for Ukraine-Russia gas talks
The European Union has proposed fresh talks on October 21 with Russia and Ukraine to settle their ongoing dispute over gas deliveries, an EU official said on Thursday.
Oct 09, 2014, 21:56 PM IST
Merkel voices `cautious optimism` for Russia-Ukraine gas deal
German Chancellor Angela Merkel voiced "cautious optimism" on Thursday that the EU will broker an end to the Russian-Ukrainian gas standoff despite the "fragile" situation in the conflict-torn country.
Oct 09, 2014, 19:18 PM IST
Russia offers India stakes in Siberian oilfields: Sources
Rosneft has offered stakes in its two east Siberian oilfields to Oil and Natural Gas Corp, two Indian sources with direct knowledge of the matter said, as the sanctions-hit Russian company looks beyond Western firms to develop its vast resources.
Oct 08, 2014, 21:34 PM IST
OilMin sets up panel on delays in ONGC's gas discovery
The Petroleum Ministry has set up a committee headed by DGH to inquire into the reasons for delay in developing gas discoveries in ONGC's Krishna Godavari basin KG-D5 block.
Oct 03, 2014, 18:38 PM IST
Ukraine backs off from EU-backed Russia gas deal
War-torn Ukraine today distanced itself from an EU-brokered agreement with Russia that would have restored its gas supplies during winter and helped rebuild trust between the neighbouring foes.
Sep 28, 2014, 00:31 AM IST
Petrobras, ONGC find gas in Brazil offshore extension well
Brazil`s state-run oil company Petroleo Brasileiro SA discovered natural gas in a well being drilled to help measure the potential of a giant Brazilian offshore find, the company said in a securities filing on Wednesday.
Sep 25, 2014, 04:19 AM IST
Govt postpones decision on revision of natural gas prices
Days ahead of its own deadline for the revision of natural gas prices, government on Wednesday postponed a decision on it by another 45 days to November 15.
Sep 24, 2014, 21:12 PM IST
