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Centre mulls auction of ONGC, Oil India oil fields to private firms

Apr 14, 2015

Centre mulls auction of ONGC, Oil India oil fields to private firms

The ministry is reasoning the auctioning of the marginal fields to they being uneconomic for a large firm with huge overheads to develop or bring to production. Smaller firms with a fraction of operating cost can develop them at a much faster and economic rate. #CAG #NewsTracker #ONGC #LPG #Kerosene #Oil India #CCEA #New Exploration Licensing Policy
Govt may exempt ONGC, OIL from payment of fuel subsidy in Q4

Mar 27, 2015

Govt may exempt ONGC, OIL from payment of fuel subsidy in Q4

The difference between the cost and the retail selling price is borne by the government by way of cash subsidy and upstream producers like ONGC. #Economy #NewsTracker #Oil Ministry #ONGC #GAIL #Oil India #Dharmendra Pradhan #Fuel Subsidy #Urja Sangam
GAIL not keen on pact with Iranian firm: Pradhan

Mar 02, 2015

GAIL not keen on pact with Iranian firm: Pradhan

GAIL had in 2005 signed an agreement with National Iranian Gas Export Corporation (NIGEC) for import of 7.5 million tons a year of gas in its liquid form (LNG) from Iran. #ONGC #Indian Oil #GAIL #CompanyWatch #Ministry of Petroleum and Natural Gas #Oil India #Dharmendra Pradhan #Farsi oil #Carrizo shale gas #South Asia Gas Enterprise #NIGEC
Public sector oil firms to invest Rs 76L cr on project expansion in FY16

Mar 01, 2015

Public sector oil firms to invest Rs 76L cr on project expansion in FY16

Hindustan Petroleum Corp Ltd will see a marginal decline in its capex of Rs 1,636.64 crore in 2015-16 when compared with Rs 1,763.56 crore in the previous year. #Economy #ThisisNext #ONGC #Hindustan Petroleum #Bharat Petroleum #Oil India #DBTL #Budget2015 #Oil & Gas Budget 2015
GAIL not to shut down Assam plant but convert to supply feedstock

Jan 30, 2015

GAIL not to shut down Assam plant but convert to supply feedstock

Regarding apprehension that there would be shortfall in the supply of LPG to Assam and the North East, GAIL had informed Indian Oil Corporation Limited (IOCL) about the conversion of GAIL's LPG plant into C2+ recovery unit by BCPL. #Business #Assam #GAIL #IOC #CompanyWatch #BPCL #Oil India #States #Numaligarh Refinery Limited #LPG plant #Brahmaputra Cracker and Polymer Limited

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Memo to Sebi: Is govt licensed to rob minority investors?

Sep 26, 2011

Memo to Sebi: Is govt licensed to rob minority investors?

If a private group were to happily transfer money from one company to another Sebi would pounce on them. Why isn't it doing so with government companies? #ONGC #Indian Oil #GAIL #Thats Just Wrong #BPCL #HPCL #Oil India
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