Rajeev Jayaswal

  • Govt to ask Essar oil to pay more cess

    Govt to ask Essar oil to pay more cess

    The petroleum ministry may ask Essar Oil to pay more cess and royalty for allowing it to produce oil and gas from Ratna & R-series, fearing a revenue loss of about $1 billion.

    Tax exemption on gas output unlikely soon

    Tax exemption on gas output unlikely soon

    Energy firms may have to wait a little longer to avail a seven-year tax holiday on natural gas production. The Income-Tax department is unwilling to allow tax benefit on production of natural gas as the matter is sub judice.

    Cairn seeks more land near Rajasthan oilfield

    Cairn seeks more land near Rajasthan oilfield

    Cairn India (CIL), a subsidiary of UK-based Cairn Energy, engaged in the development of oilfields in Rajasthan, has written a letter to the government seeking an additional 238 sq km of land adjacent to the area where it recently made three new discoveries, Kaameshwari West 2, 3 and 6.

    OVL’s Cuban deepwater block yields two oil & gas leads

    OVL’s Cuban deepwater block yields two oil & gas leads

    ONGC Videsh (OVL), the foreign investment arm of Oil & Natural Gas Corp (ONGC), has found two significant hydrocarbon (oil and gas) leads in a Cuban deepwater exploration block where it has a 30% stake.

    PSU oil cos may sink into red in absence of government life jacket

    PSU oil cos may sink into red in absence of government life jacket

    Three oil navratnas - Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) - could turn sick and slip into red if the government does not step in immediately to restore the financial health of the companies, a senior petroleum ministry official said.

    Fuel price may be cut in Feb, post-deregulation

    Fuel price may be cut in Feb, post-deregulation

    Further cuts in petrol and diesel prices may happen only in February with the government planning to link those with an imminent deregulation of retail fuel prices, said people familiar with the matter.

    Pvt oil cos put pressure on PSU rivals

    Pvt oil cos put pressure on PSU rivals

    Oil sector regulator Petroleum & Natural Gas Regulatory Board (PNGRB) has said it is empowered to look into the unfair pricing of petrol and diesel.

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