The oil ministry plans to take coal bed methane (CBM) pricing matters to a ministerial panel as it sees a wide gap between prices offered by customers to Reliance Industries and Essar.
The oil ministry has issued a fresh notice to industry inviting its comments on regulating setting up of new liquefied natural gas terminals.
Manmohan Singh said that fuel prices should be market determined, raising hopes of state refiners that govt could soon allow them to hike petrol rates.
The finance ministry is reluctant to cut duties that would reduce its revenues and jeopardize its fiscal consolidation plans.
Arrow, an Australian company specialising in CBM and shale gas, was acquired by an equal joint venture of Shell and PetroChina in August 2010.
London-based Hardy Oil & Gas Plc has agreed to relinquish a deepwater block in prolific Krishna-Godavari basin.
Directorate general of hydrocarbons has endorsed Reliance Industries' pricing formula for coal bed methane (CBM) from its Madhya Pradesh blocks.
Oil ministry will grant ONGC another six months to drill the required number of wells and draw plans for producing coal bed methane (CBM) from the Raniganj-north block.
Over 40,000 petrol pump dealers have decided not to go on a nation-wide strike from Monday after oil minister Jaipal Reddy agreed to accept their demands.
Vedanta group-promoted Cairn India on Friday reported an 11% drop in net profit at Rs 2,186 crore compared to Rs 2,458 crore in the same period previous year.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon