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Govt to appoint committee to review Rangarajan gas pricing formula

Jul 24, 2014

Govt to appoint committee to review Rangarajan gas pricing formula

The government will appoint a committee under former Power Minister Suresh Prabhu to review a gas pricing formula approved by the previous UPA regime. #India #ThisisNext #UPA #Narendra Modi #Oil Ministry #Government #NDA #Pratap Bhanu Mehta #Power Minister #Rangarajan pricing formula #PM Modi #Suresh Prabhu
Dharmendra Pradhan takes charge as Oil Minister

May 27, 2014

Dharmendra Pradhan takes charge as Oil Minister

Pradhan, who turns 45 next month, said self-reliance in energy was a pre-requisite if the country was to become a world economic power. #India #Narendra Modi #NewsTracker #Oil Ministry #Union Cabinet #Odisha #Dharmendra Pradhan #16th Lok Sabha #Modi's cabinet
CAG draft report: Ministry approved KG-D6 without enough appraisals

Mar 09, 2014

CAG draft report: Ministry approved KG-D6 without enough appraisals

The CAG has sought comments of the Oil Ministry on its draft report before finalising a Performance Audit report. #India #Reliance Industries #NewsTracker #Oil Ministry #ONGC #Veerappa Moily #S Jaipal Reddy #KG-D6 gas fields
Govt to hike subsidised LPG cylinders from 9 to 12 today?

Jan 30, 2014

Govt to hike subsidised LPG cylinders from 9 to 12 today?

The Union Cabinet is likely to hike the number of subsidised LPG cylinders from nine to twelve after Congress Vice President Rahul Gandhi's request to the PM. #Manmohan Singh #Oil Ministry #Rahul Gandhi #LPG #AICC #CCEA #V Narayanasamy #M Veerappa Moily
Hike in LPG cylinder quota likely to be considered this week: Moily

Jan 21, 2014

Hike in LPG cylinder quota likely to be considered this week: Moily

If the quota is raised to 12, about 97 percent of the LPG consumers would be covered by subsidised LPG, he said. #NewsTracker #Oil Ministry #BPO #Veerappa Moily #Subsidies #IT #LPG Cylinder #Aill India Congress Committee
Moily says subsidised LPG cylinder quota to be hiked to 12 per household

Jan 17, 2014

Moily says subsidised LPG cylinder quota to be hiked to 12 per household

Gandhi at the AICC session stated that 9 cylinders were not enough for households and there was a need to increase this quota to 12 cylinders of 14.2-kg. #Manmohan Singh #Congress #NewsTracker #Oil Ministry #Rahul Gandhi #Veerappa Moily #AICC #LPG cylinders #CCEA
IOC chairman Butola may get extension as successor not experienced enough

Jan 14, 2014

IOC chairman Butola may get extension as successor not experienced enough

Like BHEL Chairman B Prasada Rao who was last month given an extension as the government headhunter PESB-selected candidate Prakash Chand lacked board-level experience, Butola's successor too is an Executive Director with no board-level experience. #Manmohan Singh #NewsTracker #CBI #Oil Ministry #ONGC #PMO #BHEL #Veerappa Moily #CVC #Central Vigilance Commission #Indian Oil Corp #B Prasada Rao #R S Butola #Prakash Chand #PESB
CNG cost may jump by Rs 8 per kg from April due to new gas pricing model

Jan 13, 2014

CNG cost may jump by Rs 8 per kg from April due to new gas pricing model

The government on Friday notified the pricing of all domestically produced natural gas at an average of global gas trading hub rates and the cost of imported LNG. Accordingly, the price of gas is expected to be in the range of USD 8.2 to 8.4 per million British thermal units (mBtu) in April as against the current USD 4.2. #New Delhi #NewsTracker #Oil Ministry #LNG #Arvind Kejriwal #Veerappa Moily #CNG #Indraprastha Gas #Aam Aadmi Party #AAP #GAIL India #Mahanagar Gas
Assocham seeks OilMin support for natural gas pipeline from Middle East

Jan 07, 2014

Assocham seeks OilMin support for natural gas pipeline from Middle East

According to Assocham, the subsea natural gas pipeline from the Middle East to India has assumed more significance as other gas line projects like Iran-Pakistan-India (IPI) and Turkmenistan-Afghanistan-Pakistan-India (TAPI) have made little progress. #NewsTracker #ASSOCHAM #Oil Ministry #Veerappa Moily #SAGE #South Asia Gas Enterprises #Iran-Pakistan-India #Turkmenistan-Afghanistan-Pakistan-India #MEIDP
RIL, BP, Niko to give $1.2 bn bank guarantee over 3 yrs for higher gas price

Dec 29, 2013

RIL, BP, Niko to give $1.2 bn bank guarantee over 3 yrs for higher gas price

The bank guarantee, which will be equivalent to the incremental revenue that RIL will get from the new gas price, will be encashed if it is proved that the company hoarded gas or deliberately suppressed production at the main Dhirubhai-1 and 3 (D1 & D3) fields. #NewsTracker #Oil Ministry #LNG #KG-D6 #Rangarajan #BP #RIL #CCEA #Niko Resources
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