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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
Natural gas price to be cut by 9% to $4.56 from 1 Apr

Mar 27, 2015

Natural gas price to be cut by 9% to $4.56 from 1 Apr

The government had in October last year fixed natural gas price at $5.05 per million British thermal unit based on weighted average of international hub rates. This was on gross clarofic value basis. #Economy #Reliance Industries #NewsTracker #Oil Ministry #Natural gas #Dharmendra Pradhan #Oil and Natural Gas Corp #Gross clarofic value #Net clarofic value
Corporate espionage: Delhi Police on lookout for three more persons

Mar 05, 2015

Corporate espionage: Delhi Police on lookout for three more persons

The Delhi Police on Wednesday said they were looking for three employees of different private firms in its ongoing probe into the leak of government documents from the coal, power and petroleum ministries. #NewsTracker #Oil Ministry #Delhi Police #Coal Ministry #documents #Corporate Espionage #Documents leak
Oil ministry leaks: Senior GMR Energy official quizzed by Delhi Police

Mar 02, 2015

Oil ministry leaks: Senior GMR Energy official quizzed by Delhi Police

A senior official of GMR Energy was today called for questioning by the Delhi Police in the sensational corporate espionage case even as hunt was on for absconding members of some consultancy firms in this connection. #India #NewsTracker #Oil Ministry #Delhi Police #RIL #GMR Energy #ADAG Reliance
Oil Ministry suspends ONGC director Shashi Shankar over alleged irregularities

Feb 24, 2015

Oil Ministry suspends ONGC director Shashi Shankar over alleged irregularities

Shankar, who turns 54 on Monday, is the youngest director on the board of the nation's most profitable oil company. He was appointed Director (Technical and Field Services) on 1 February last year. #NewsTracker #Oil Ministry #ONGC #Vigilance Department #tender