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India to seek rights for developing Iranian gas field

Jul 14, 2015

India to seek rights for developing Iranian gas field

Iran, in February 2012, issued a one-month ultimatum to the OVL-led consortium over the development of a gas field. #crude oil #NewsTracker #ONGC #Indian Oil #ONGC Videsh #Oil India #Essar Oil #Persian Gulf #Master Development Plan
Govt to sell stake in Oil India, NTPC, three more public firms

Jul 03, 2015

Govt to sell stake in Oil India, NTPC, three more public firms

At the current market prices, the stake sale in five public sector enterprises could fetch the exchequer around Rs 11,500 crore. #NTPC #Oil India #Engineers India #Department of Disinvestment #CPSE Exchange Traded Fund #Bharat Electronics
Oil ministry says natural gas output to rise 50% by 2018-19

Jun 03, 2015

Oil ministry says natural gas output to rise 50% by 2018-19

India is world's fourth largest energy consumer with oil and gas constituting about 37.24 percent of primary energy consumption. #Reliance Industries #NewsTracker #Oil Ministry #ONGC #Natural gas #Liquefied natural gas #Oil India #CACR #Mining Lease Area
ONGC, OIL free from subsidy if average oil price is $60/barrel

May 22, 2015

ONGC, OIL free from subsidy if average oil price is $60/barrel

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 and Oil India. #Economy #NewsTracker #ONGC #GAIL #LPG #Kerosene #Oil India #Fuel Subsidy #Dinesh K Sarraf #Ratan Watal
Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

May 22, 2015

Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

The fuel retailers had lost a total of Rs 72,314 crore on selling diesel (up to 17 October), LPG and kerosene at government rates, which were way below cost in 2014-15. #finance ministry #NewsTracker #ONGC #Indian Oil #LPG #Diesel #Kerosene #Hindustan Petroleum #Bharat Petroleum #Oil India #Fuel Subsidy
Finance ministry plans revamped CPSE ETF by October; EPFO, NPS to park fund

May 21, 2015

Finance ministry plans revamped CPSE ETF by October; EPFO, NPS to park fund

The government had first launched a CPSE ETF, comprising scrips of 10 PSUs, in March 2014 under which retail investors have to invest a minimum of Rs 5,000 to buy units. #Disinvestment #NewsTracker #SEBI #Indian Oil #EPFO #NPS #Oil India #Engineers India #Rural Electrification Corp. #Power Finance Corp #CPSE Exchange Traded Fund #National Pension System #container corp #Bharat Electronics
Iran acting tough on ONGC over development of gas field

May 11, 2015

Iran acting tough on ONGC over development of gas field

Iran had last month reached a framework nuclear agreement with the six world powers, spurring hopes of a final deal by June-end that could lead to the lifting of economic sanctions. #NewsTracker #ONGC #Indian Oil #Iran #ONGC Videsh #Ministry of Petroleum and Natural Gas #Oil India #Farzad-B #Master Development Plan
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