ONGC finds rich reserves of oil in KG Basin block
Oil and Natural Gas Corporation (ONGC), facing a prolonged stagnancy in oil production, has got a shot in the arm with one of its blocks in the Krishna-Godavari basin off the Andhra Pradesh coast, close
View ArticleOil leakage robs Mahul fishermen of livelihood
The fishermen from Mahul gaon, a quiet fishing village near Chembur, are a distressed lot. Oil leakage from refineries located in the area over the past two months has not just threatened their...
View ArticleAllocation and pricing of gas: Standing Committee on Petroleum & Natural...
Standing Committee on Petroleum & Natural Gas present this Nineteenth Report on "Allocation and Pricing of Gas". The Committee took evidence of the representatives of the Ministry of Petroleum...
View ArticleONGC to appeal in Supreme Court against Gujarat HC order
HC asked it to pay Rs 10,000 cr in past royalty dues ONGC Oil and Natural Gas Corp (ONGC) today said it would appeal in the Supreme Court against a Gujarat High Court order asking it to pay Rs 10,000...
View ArticleMoily Speeds Up Decision Making at Green Min
Less than a week after taking additional charge of the ministry of environment and forests, M Veerappa Moily has decentralised decision-making by empowering senior officials to expeditiously clear...
View ArticleMoEF blames ONGC for Uran oil spill
New Delhi: The Union environment ministry has indicted ONGC for the oil spill that was reported off the Uran coast near Mumbai in October. It has asked the petroleum ministry to take action against those
View ArticleONGC Videsh abandons 20 blocks in three years
STATE-RUN ONGC Videsh (OVL), vested with the key responsibility of bolstering the country’s energy security by acquiring hydrocarbon assets abroad, is adding less proven reserves to its portfolio than
View ArticleONGC’s first power plant in India starts commercial generation
State–owned ONGC’s first commercial power project in the country started commercial production on Tuesday night in Tripura, six months after President Pranab Mukherjee dedicated the 726 MW capacity...
View ArticleExploration Policy Gives More Power to Energy Companies
Permits operators to club discoveries of 2 or more blocks for optimum output India’s proposed exploration policy seeks to give energy companies greater flexibility by eliminating the key role of the...
View ArticleRangarajan’s formula for KG gas price not a reality for DGH yet
The government may have approved the Rangarajan formula that could nearly double the price of domestically produced natural gas starting FY14 given the current rates of benchmark prices cited, but the
View ArticleMoily sets up team to reassess hydrocarbon resources
Moving to re-assess the oil and gas potential of the country, Petroleum and Natural Gas Minister Veerappa Moily on Monday announced setting up of a Multi Organisation Team (MOT) to carry out the...
View ArticleMinistry Seeks Cabinet Nod for Open Licensing Policy with Nelp
The oil ministry that has approached the Cabinet for its approval to launch the next round of annual oil and gas block auctions is simultaneously seeking its clearance for a policy that would allow...
View ArticleFertiliser ministry wants cheaper natural gas for urea units to continue
Contending that cost of urea production needs to be kept under check and so should the subsidy burden, the ministry of fertiliser has asked the petroleum ministry to continue providing natural gas to urea
View ArticleMoily says no going back on gas price hike decision
Coming down heavily against Delhi chief minister Arvind Kejriwal for ordering an “unconstitutional” FIR against him and others for raising gas prices, Oil minister M Veerappa Moily on Friday said the...
View ArticleNot enough for food, fertiliser, fuel
The expenditure on subsidies for food, fertiliser and fuel for 2014-15 is budgeted at Rs 2,46,397 crore, as against Rs 2,45,452 crore in the revised estimates The biggest mystery on the day of the...
View ArticleDistortions in pricing of petroleum products - Question raised in Rajya...
Statement of the Minister of State in the Ministry of Petroleum and Natural Gas Smt. Panabaaka Lakshmi in response to Rajya Sabha unstarred Question No. 2618 for 18th February, 2014, asked by Shri Ajay...
View Articleसरकारी तेल कंपनियां सौर व पवन ऊर्जा में उतरेंगी
सरकारी तेल कंपनियां जल्द ही अब सौर, पवन व अन्य अपारंपरिक ऊर्जा बनाने के क्षेत्र में कदम रखेंगी। इसकी संभावनाओं की तलाश में मंगलवार को पेट्रोलियम व प्राकृतिक गैस मंत्रलय और अक्षय ऊर्जा मंत्रलय के...
View ArticleOil companies to set up new ventures for renewable power projects in India,...
In a bid to boost renewable energy generation, oil giants like ONGC and Indian Oil Corp will form new companies to set up large sized solar and wind energy projects in India and abroad. Oil and Natural
View ArticleGovt to set up two firms to push renewables projects
The Government has decided to set up two special purpose vehicles (SPVs), headed by ONGC and Indian Oil Corporation (IOC), to set up renewable projects. Currently, companies are doing it individually.
View ArticleNew gas price barely suffices for K-G output: ONGC
The state explorer's new chairman, D K Sarraf, says some gas might not be viable at even $8 an mBtu The government is under attack for allowing an increase in domestic gas prices from April 1 but...
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