20 Sep 2014
New Delhi: State-owned ONGC's significant oil discovery in Bay of Bengal will begin production in 2019, with a peak output of 4.5 million tonnes a year, 20 percent more than previous estimates.
19 Sep 2014
New Delhi: The Supreme Court on Thursday asked the government to spell out its policy on the pricing of gas as it was told that a committee on gas pricing policy has been set up and will take a call by September 30. A bench of Justice TS Thakur, Justice J Chelameswar and Justice Kurian Joseph sought the government's response as it was told that government was having a relook on the policy pursued by the earlier UPA government and had set up a Committee of Secretaries to suggest a policy on gas pricing.
17 Sep 2014
New Delhi: A four-member committee of secretaries has submitted its report on a new gas pricing mechanism, prescribing a rate much lower than the doubling of price approved by previous UPA government.
19 Sep 2014
New Delhi: India's largest oil and gas producer ONGC on Friday said that it has invested Rs 81,890 crore to expedite new discoveries and arrest natural decline that has set in its ageing fields.
05 Aug 2014
Chennai: Indian Oil Corporation is uploading the names of its customers who have opted out of subsidy for cooking gas cylinders of its Indane brand, on its website in a bid to encourage more affluent sections of the people to follow suit.
13 Sep 2014
Bhubaneswar: An investment of about Rs 1 lakh crore will be made in Odisha in the next five years in petrochemicals and oil and gas sectors including strategic oil reserves, Petroleum Minister Dharmendra Pradhan said.
07 Sep 2014
Washington: Xenon gas, used in people for anaesthesia, may help treat post-traumatic stress disorder (PTSD) and other conditions linked to fear and anxiety, a new study suggests.
08 Sep 2014
New Delhi: A four-member panel of secretaries will submit its report on a new gas pricing mechanism by Wednesday, Oil Secretary Saurabh Chandra said on Monday.
03 Sep 2014
New Delhi: An association of top energy firms, including Reliance Industries, Cairn and BP has demanded a natural gas pricing policy that is "legitimate, relevant and credible" to maintain investor interest in Indian E&P sector.
02 Sep 2014
New Delhi: Pitching for a higher remunerative price for natural gas, state-owned Oil and Natural Gas Corp (ONGC) has said it needs USD 6-7.15 to break-even on gas it plans to produce from its most prolific KG basin block.