Govt postpones decision on revision of natural gas prices
Days ahead of its own deadline for the revision of natural gas prices, government on Wednesday postponed a decision on it by another 45 days to November 15.
Sep 24, 2014, 21:12 PM IST
Cabinet postpones decision on revision in gas prices till Nov 15
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday postponed decision on revision in gas prices till November 15 amidst sharp difference between the oil ministry and power ministry over the quantum of increase.
Sep 24, 2014, 12:53 PM IST
Gas pricing: SC seeks stand of NDA government
The Supreme Court Thursday asked the NDA government to make its stand clear on fixation of the price for gas from Krishna-Godavri basin as to whether it sticks to the previous UPA dispensation's policy or making any departure from it.
Sep 18, 2014, 20:30 PM IST
Gas pricing: Panel submits report, price may go up by 50%
Though contents of the report have been kept under wraps, the official indicated that the price increase may be around 50 percent. Most of the domestically produced gas is currently sold at a price of USD 4.2 per mmBtu.
Sep 17, 2014, 15:54 PM IST
ONGC KG-D5 fields to yield 20 mn cubic metres gas daily
ONGC chairman D K Sarraf told reporters here that the organisation was quite bullish that the KG-DWN-98/2 block should start production by mid-2018.
Sep 09, 2014, 15:38 PM IST
ONGC-RIL gas dispute: HC intervention sought
An activist lawyer and a former bureaucrat Wednesday moved the Delhi High Court seeking its intervention in ONGC's petition accusing Reliance Industries Ltd (RIL) of exploiting gas worth Rs 30,000 crore from the PSU's natural gas block in Krishna-Godavri basin.
Sep 03, 2014, 22:33 PM IST
Kelkar panel for market-linked gas price to producers
A committee led by former finance secretary Vijay Kelkar has recommended market-linked pricing for domestic natural gas, even as a committee of secretaries is reviewing the formula recommended by the C. Rangarajan panel.
Aug 29, 2014, 15:57 PM IST
Gas price: Formula review panel to meet Monday
With September 30 as the deadline to announce the new gas price, a four-member committee of secretaries (CoS) will meet with stakeholders on Monday to review that gas-pricing formula.
Aug 25, 2014, 08:31 AM IST
Energy firms warn against cost-plus pricing for gas
The Association of Oil and Gas Operators, which is made up for over two-dozen members including the likes of Reliance Industries, ONGC, Cairn, BP, BG, BHP and Essar, on August 18 wrote to Oil Minister Dharmendra Pradhan listing out pricing challenges and how a market driven pricing will boost output.
Aug 24, 2014, 11:44 AM IST
14 merchant bankers line up for managing ONGC stake sale
As many as 14 merchant bankers, including Citigroup Global, Barclays Plc and Morgan Stanley, have made a beeline for managing the 5 percent stake sale of ONGC, which could fetch over Rs 17,000 crore to the exchequer.
Aug 20, 2014, 21:11 PM IST
Cut gas from non-priority areas for retail needs: Govt to GAIL
In a move to promote use of CNG, the government has ordered state gas utility GAIL India Ltd to supply natural gas to city gas retailers by cutting supplies of non-priority sectors like steel and petrochemicals.
Aug 20, 2014, 19:39 PM IST
OilMin says negligence caused fire at GAIL pipeline in Andhra
The Petroleum Ministry has blamed negligence for causing the devastating fire at state-owned gas transporter GAIL India Ltd's gas pipeline in Andhra Pradesh that killed 22 people.
Aug 17, 2014, 22:59 PM IST
ONGC-Mittal gives up oil block in Nigeria
ONGC-Mittal Energy Ltd, the famed joint venture of ONGC and steel czar Lakshmi Mittal, has relinquished an oil block in Nigeria after the African nation refused to relieve it of a USD 6 billion downstream investment commitment.
Aug 17, 2014, 21:06 PM IST
ONGC net profit up 19% at over Rs 4,000 crore
State-owned Oil and Natural Gas Corp on Wednesday reported 19 percent rise in net profit for the April-June quarter on realising higher crude oil prices.
Aug 13, 2014, 19:36 PM IST
ONGC Q1 Net profit at Rs 4,782 cr
State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday reported a rather disappointing net profit of Rs 4,782 crore for the quarter ending June compared to the Rs 4,016 crore profit it gained in the same period a year ago.
Aug 13, 2014, 18:46 PM IST
Oil Ministry wants RIL to sell gas at $4.2; $6-6.5 price for others
The new rates were to apply for gas from currently producing MA field in the same KG-D6 block as the government had accepted geological reasons forwarded by RIL for its output lagging targets.
Aug 03, 2014, 11:31 AM IST
CoS approves rejig of gas policy; city gas to get top priority
A Committee of Secretaries has approved a rejig of natural gas allocation policy, giving city gas distribution firms like Indraprastha Gas Ltd top priority for allocation of domestically produced fuel.
Jul 28, 2014, 19:29 PM IST
ONGC to speed up development of KG gas finds
State-owned Oil and Natural Gas Corp (ONGC) will fast-track development of natural gas discoveries in its Krishna Godavari basin block with first gas planned no later than April 1, 2018.
Jul 22, 2014, 16:18 PM IST
Oil regulator to complete study on gas market margin by Dec: Govt
Oil regulator PNGRB will decide on the margin that natural gas sellers like GAIL and Reliance Industries can charge from urea manufacturers and LPG plants by year end, Oil Minister Dharmendra Pradhan said Monday.
Jul 21, 2014, 17:43 PM IST
Gas price: Govt joins arbitration initiated by RIL, partners
The government Thursday decided to join the arbitration initiated by Reliance Industries and its partners over delay in revision of natural gas prices, and named former Supreme Court judge G S Singhvi as its arbitrator.
Jul 17, 2014, 19:26 PM IST
