Oil Min reinstates Shashi Shankar as ONGC Director
The Oil Ministry has reinstated Shashi Shankar as Director (Technology and Field Services) of Oil and Natural Gas Corp (ONGC) pending an inquiry into alleged irregularities in an unawarded Rs 23 crore tender of 2011.
Jul 16, 2015, 15:17 PM IST
Oil Ministry reverts back to promoters selecting CEO of Petronet
The Oil Ministry has reverted back to the mechanism of promoters selecting CEO of Petronet LNG after it scrapped an ad-hoc search committee formed under the previous Petroleum Secretary.
Jul 14, 2015, 13:54 PM IST
OilMin to remind Finance Ministry on gas price premium soon
The Oil Ministry is putting out a reminder to the Finance Ministry for an early decision on allowing market price for part of the natural gas produced by firms like ONGC and RIL from difficult fields.
Jul 13, 2015, 14:07 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
Natural gas output to rise 50% by 2018-19
In its annual report, the ministry has said domestic gas production will rise from 98.15 mmscmd in 2014-15 to 99.87 mmscmd in the current fiscal.
Jun 03, 2015, 18:14 PM IST
RIL to produce 23 mmscmd from gas finds in KG-D6: Oil Ministry
The Ministry said 10 mmscmd gas will come from four satellite fields of D-2, D-6, D-19 and D-22 in the eastern offshore Krishna Godavari basin block KG-D6 and another 13 mmscmd from D-34 discovery.
Jun 02, 2015, 17:40 PM IST
Gas price pooling to urea units to be effective from July 1
Gas price pooling to make available feedstock fuel to urea making fertiliser plants at a uniform rate will come into effect from July 1, the Oil Ministry said.
May 26, 2015, 19:45 PM IST
India sets April-June oil subsidy rules, no discounts if oil below $60
ONGC, OIL and GAIL sell crude and fuels like cooking gas at discounted rates to partly compensate retailers for losses they incur on selling fuels at government-set cheaper rates.
May 22, 2015, 08:59 AM IST
ONGC to start appraisal of new area, survey in Mahanadi basin
As part of its effort to ensure energy security, the Centre has decided to undertake fresh appraisal over 40,000 line km including Odisha's Mahanadi basin to find out oil and natural gas reserves.
May 10, 2015, 22:00 PM IST
After GAIL tender fails, Samsung to build LNG carrier at Kochi
Indian shipyards will have to forge a binding technical collaboration with foreign shipyard which will transfer LNG shipbuilding technology.
May 06, 2015, 17:36 PM IST
CAG raps OilMin for letting RIL charge marketing margin in dollars
Government auditor CAG Tuesday criticised the Oil Ministry for allowing Reliance Industries to charge a marketing margin on its KG-D6 gas in US dollars terms and not in rupees saying it will result in over Rs 201 crore excess subsidy payout on urea.
May 05, 2015, 17:40 PM IST
OilMin wants BP to furnish bank guarantee for ATF licence
The Oil Ministry wants UK's BP plc to furnish a bank guarantee and an undertaking that it will meet the minimum investment requirement for getting a licence to retail jet fuel (ATF) to airlines in India.
May 03, 2015, 13:36 PM IST
Oil Ministry rejects RIL arbitration notice, terms it 'untenable'
The ministry held that the move is in accordance with the provisions of the contract and there's no dispute that needs to be arbitrated upon.
Apr 26, 2015, 14:05 PM IST
Govt rebuts suit-boot remark, says UPA raised gas price to $9
Hitting back at Rahul Gandhi for his 'suit-boot' government comment, Oil Minister Dharmendra Pradhan Tuesday said the previous UPA regime had approved a gas price of USD 9 for firms like Reliance Industries without bothering about its impact on the common man.
Apr 21, 2015, 23:21 PM IST
Govt to auction 69 small oil fields of ONGC, Oil India to private firms
The government will soon auction 69 small and marginal oil fields of state-owned ONGC and Oil India to private firms as a precursor to a full fledged licensing round, Oil Secretary Saurabh Chandra said on Tuesday.
Apr 21, 2015, 15:22 PM IST
Pradhan wants ONGC to ramp up output
Petroleum Minister Dharmendra Pradhan Thursday asked state-owned Oil and Natural Gas Corp (ONGC) to step up crude output from its fields in Assam to help reduce India's import dependence.
Apr 16, 2015, 22:52 PM IST
Govt picks up the tab for ONGC, OIL Q4 fuel subsidy
The government has exempted oil producers ONGC and Oil India Ltd from payment of fuel subsidy in the fourth quarter after the finance ministry agreed to meet all of the revenue loss on fuel sales.
Apr 16, 2015, 18:31 PM IST
Govt to auction oil fields of ONGC to private companies
Government plans to auction 69 small and marginal oil fields of state-owned ONGC and Oil India Ltd to private firms on a new revenue sharing model.
Apr 14, 2015, 15:46 PM IST
Oil Ministry allows ONGC to sell gas from small fields through bids
Oil Ministry has allowed national oil companies ONGC and Oil India Ltd to sell any new natural gas supplies from their small and isolated fields through an open tender.
Apr 06, 2015, 16:20 PM IST
Govt cuts natural gas prices by 8% to $4.66 per unit
Natural gas prices was Tuesday cut by about 8 percent to USD 4.66 a unit to reflect the softening in international prices, a move that will lower electricity and fertiliser costs.
Mar 31, 2015, 16:50 PM IST
