“RIL has asked for 20 mmscmd for its own captive requirement and its request will be considered when allocation of next 40 mmscmd gas will be considered,” the government official said requesting anonymity.
Cairn India has agreed to pay an estimated $9 a barrel levy on crude oil produced from its Rajasthan fields, ending a dispute involving the Indian arm of the UK-based Cairn Energy, a petroleum ministry official said.
In a reversal of its earlier position, the oil ministry has recommended the revival of an empowered group of ministers (EGoM) to allocate natural gas produced at Reliance Industries' KG-D6 block beyond its current capacity.
Global energy majors will take investments decision based on the prospectivity of Indian sedimentary basins and the country's competitive business environment.
Oil & gas companies participating in the government's auction of 70 explorations blocks under the eighth round of Nelp-VIII, will not have marketing freedom as promised in the offer document .
Oil ministry has detailed answers to Anil Ambani's allegations and plans to counter them from Monday. Video: Ambanis Gas dispute | Anil sees a friend in NTPC
ONGC Videsh Ltd (OVL), which has partnered with London-based LN Mittal Group for oil exploration overseas, has received government approval to pick up a 25% stake in the Satpayev block in Kazakhstan, a field considered oil-rich, given that explorers have hit pay-dirt in its surrounding areas.
ONGC Videsh Ltd gets govt nod to pick 25% stake in Satpayev Block in Kazakhstan through ONGC-Mittal Energy Ltd. In Pics: Countries most vulnerable to oil shock
An international expert will examine the pricing formula proposed by Reliance Industries (RIL) for the crude oil produced from its D-6 block in the Krishna-Godavari basin, an oil ministry official said.
RNRL is not averse to following the utilisation policy while selling the gas to third party customers.
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