Pulok Chatterji has called a meeting this week to assess slackness and delay in exploration activity that has been marred by indecision on many issues.
The govt plans to further reduce gas supply to non-priority sectors to meet the demand of fertiliser and power plants that are suffering.
The petroleum regulator has asked gas marketers such as Gail India, GSPC and Reliance Industries to submit cost of procuring natural gas and its sale price by March 5 to help it fixing marketing margins.
The oil ministry has empowered ONGC and OIL to choose customers for gas produced from small fields where output is less than 0.1 mn standard cubic meters
The US-Iran standoff over Tehran's nuclear programme flared on Wednesday, rattling Indian refiners, who fear a jump in crude prices if supplies are hit.
A panel of ministers will meet on Wednesday to decide selling government's stakes in Oil & Natural Gas Corp and BHEL, government officials said.
Oil India board has recommended to issue bonus shares in the ratio of 3:2 - three shares for every two held, company said in a statement on Sunday.
After the third shakeup since Reddy replaced Murli Deora as min in Jan last year, the ministry has a new set of bureaucrats in all key positions.
Planning Commission deputy chairman Montek Singh Ahluwalia said domestic gas prices should be aligned with international rates.
The oil ministry is making a fresh attempt to financially penalise Reliance Industries for the fall in natural gas output from the D6 block.
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