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Govt refutes CAG claim on LPG subsidy; says DBT scheme saved Rs 21K cr in 2 yrs

Jul 20, 2016

Govt refutes CAG claim on LPG subsidy; says DBT scheme saved Rs 21K cr in 2 yrs

In face of a CAG report drilling holes into subsidy savings made on LPG, the government today asserted that over Rs 21,000 crore was indeed saved in two years by directly transferring subsidy to user bank accounts. #CAG #Oil Ministry #LPG subsidy #NewsTrack #DBTL
RIL entitled to recover cost on unviable gas discovery: PAC

Apr 28, 2016

RIL entitled to recover cost on unviable gas discovery: PAC

Taking a diagonally opposite view to CAG, Parliament's Public Accounts Committee today said RIL is entitled to recover all cost incurred on unviable gas discoveries as government's technical arm DGH had in the first place allowed it to retain the entire KG-D6 block area. #Reliance Industries #CAG #Oil Ministry #DGH #KG-D6 #parliamentary panel #unviable gas recovery
Free gas pricing policy won't help 15-17 Tcf gas discoveries but future finds

Nov 25, 2015

Free gas pricing policy won't help 15-17 Tcf gas discoveries but future finds

The ministry proposed a Uniform Licensing Policy that will allow exploitation of all forms of hydrocarbons - conventional oil and gas as well as unconventional shale oil and gas and coal-bed methane (CBM) under one permit. #Reliance Industries #CAG #NewsTracker #Oil Ministry #ONGC #BP #Natural gas #Shale gas #shale oil #Production-Sharing Contract #Coal bed methane #GSPC #New Exploration Licensing Policy
Govt proposes to free gas pricing, start revenue sharing for exploration

Nov 17, 2015

Govt proposes to free gas pricing, start revenue sharing for exploration

In the new regime, the companies will have to indicate the quantity of oil and gas they will share with the government at different stages of production as well as at different rates #Oil Ministry #Natural gas #Production-Sharing Contract #Oil & Gas #E&P #exploration & production
 India to auction oil and gas blocks this fiscal, says Dharmendra Pradhan

Jun 26, 2015

India to auction oil and gas blocks this fiscal, says Dharmendra Pradhan

The minister said investors are "happy" with the current gas pricing formula which is reviewed every six months. #Economy #Energy #NewsTracker #Oil Ministry #N. Chandrababu Naidu #NELP #Dharmendra Pradhan
Oil ministry's gas price premium proposal fails to get FinMin approval

Jun 09, 2015

Oil ministry's gas price premium proposal fails to get FinMin approval

The source said the finance ministry has its comments stated that the premium should be consistent with the October 2014 cabinet decision. #Reliance Industries #finance ministry #NewsTracker #Oil Ministry #ONGC #GAIL #Natural gas #Thailand #CCEA #Gas premium
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
 Reliance Industries to produce 23 mmscmd from gas finds in KG-D6: oil ministry

Jun 02, 2015

Reliance Industries to produce 23 mmscmd from gas finds in KG-D6: oil ministry

The most number of discoveries, 51 are by RIL. These are made up 12 oil discoveries and 39 gas finds. Its KG-DWN-98/3 or KG-D6 block alone has 19 oil and gas finds. #Business #Reliance Industries #Energy #NewsTracker #Oil Ministry #ONGC #KG-D6 #New Exploration Licensing Policy #Gujarat State Petroleum Corp
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