Profitability of urea makers is likely to surge due to reimbursement of additional fixed cost, as cheaper gas will reduce urea subsidy bill by Rs 12,000 crore, according to a report
Coronavirus Lockdown: Eight core sector output contracts by record 38.1% in April; cement falls 86%, steel by 84%
The output of eight core infrastructure industries shrank by a record 38.1 per cent in April due to the coronavirus-induced lockdown, according to the official data
Dharmendra Pradhan hints at new gas policy as current pricing formula economically unviable, says low oil prices no answer
Natural gas prices in India have fallen to their lowest in more than a decade, leading to producers like ONGC incurring losses in businesses.
Coronavirus Lockdown: Eight core industries' output contracts 6.5% in March; infra sectors log 0.6% growth in FY20
The output of eight core infrastructure industries shrank by 6.5 percent in March due to fall in production of crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity amid the coronavirus lockdown
State-owned ONGC has asked the government to waive payment of oil cess and royalty as plummeting international oil prices have meant that the rate it now gets does not even cover the operating cost, sources said
China's daily crude output sinks to 15-month low; state refiners maintain deep cuts as virus erodes demand
Crude runs over the period came in at 149.28 million tonnes, or about 11.98 million barrels per day (bpd), down 4.6 percent from a year earlier, National Bureau of Statistics data shows.
State-owned ONGC has been forced to cut natural gas production by over 15 percent as factories shut down following the unprecedented nationwide lockdown have refused to take supplies
Adani Gas Ltd on Wednesday announced a reduction in prices of compressed natural gas (CNG) and piped natural gas (PNG) used for cooking in household kitchens, in line with a cut in raw material rates
ONGC to lose Rs 4,000 cr revenue as govt slashes gas prices by steep 26%; seeks freeing of price control
State-owned Oil and Natural Gas Corp (ONGC) will lose about Rs 4,000 crore in revenue and start making cash losses after the government slashed the natural gas prices by a steep 26 percent by benchmarking it against rates prevalent in gas-surplus nations
Eight core sectors growth up 5.5% in February, highest in 11 months; coal, refinery products and electricity output up
Eight core sector industries recorded a growth of 5.5 percent in February, highest in 11-months, mainly due to healthy expansion in output of coal, refinery products and electricity, according to a government data released on Tuesday
With the unprecedented nationwide lockdown shutting down factories, ONGC has been forced to cut natural gas production by up to one-tenth as customers refused to take supplies because of business disruption
The NCLAT has upheld the fair trade regulator CCI's order, holding Adani Gas Limited (AGL) "guilty of of abuse of dominant position" while supplying piped natural gas to industrial customers in Faridabad
GAIL India Ltd, the country's largest gas utility, will invest Rs 1.05 lakh crore over the next five years to expand pipelines, lay city gas distribution network and raise petrochemical production capacity, its new chairman and managing director Manoj Jain said on Monday
He said the grant will fund scientists, activists and NGO's to explore new ways of fighting the impact of climate change.
Oil Ministry pitches for inclusion of natural gas in GST to promote use of environment-friendly fuel
Ahead of the Union Budget, the Oil Ministry has made a renewed pitch for inclusion of natural gas in the ambit of GST to promote the use of the environment-friendly fuel by reducing multiplicity of taxes and improving business climate
Over Rs 4 lakh cr investment in pipelines in gas infrastructure; next CGD bid round to be announced soon: Dharmendra Pradhan
The government is giving special impetus to develop gas infrastructure across the length and breadth of the country connecting North to South and East to West parts of India, he said.
Davos 2020: Donald Trump touts 'great American comeback' at WEF summit, says second phase of US-China trade deal soon
Shrugging off his impeachment trial back home, US president Donald Trump came out all guns blazing at the WEF summit in Davos on Tuesday as he lauded the unprecedented economic boom in the US
State-owned Oil and Natural Gas Corporation (ONGC) on Thursday walked away with all the seven oil and gas blocks on offer in the latest bid round that saw just eight bids coming in
Core sector output shrinks for fourth consecutive month by 1.5% in November; refinery, fertilizers production up
The core sector for October had contracted to 5.8 percent from the 5.1 percent contraction seen in September.
GAIL to supply PNG to 3 lakh households in Dehradun under city gas distribution project; work on project to begin in a month
As laying pipelines from Haridwar to Dehradun is likely to take some time, GAIL will supply PNG in the district for the time being through de-compressed units (DCUs) of which 4-5 will be set up in Dehradun,