BP for extending marketing, pricing freedom to gas fields

Last Updated: Friday, September 11, 2015, 22:07

BP Plc, Europe's second-largest oil company, Friday made a case for extending the marketing and pricing freedom given to operators of marginal and small oil and gas fields to conventional fields like KG basin D6 block.

Oil India gets green nod to produce 1 mmscmd gas in Jaisalmer

Last Updated: Friday, September 11, 2015, 14:52

State-run Oil India Ltd has got environment clearance for drilling 20 wells in three blocks in Jaisalmer, Rajasthan for production of 1 mmscmd gas at an estimated cost of Rs 96 crore.

ONGC-RIL gas siphoning row: HC disposes of PSU's plea

Last Updated: Thursday, September 10, 2015, 22:22

Delhi High Court today disposed of ONGC's petition accusing RIL of "deliberately disgorging" natural gas worth Rs 30,000 crore from the PSU's well in the Krishna-Godavari (KG) basin, by asking the Centre to take a decision once it gets the report of an expert panel set up to examine the issue.

Australia's Woodside approaches Oil Search with $8 bn bid

Last Updated: Tuesday, September 8, 2015, 08:30

"It makes sense for Woodside - a company that`s ex-growth that`s looking for the next leg," said Ric Ronge, a portfolio manager at Pengana Capital, which owns stakes in Woodside and Oil Search.

2nd auction on subsidy to gas-based power projects on Sep 15

Last Updated: Sunday, September 6, 2015, 12:32

Under the plan, liquefied natural gas (LNG) will be imported and cash-strapped state power distribution companies will be financially supported to buy electricity from them.

RIL tests presence of natural gas in contentious discoveries

Last Updated: Sunday, September 6, 2015, 10:41

RIL last week completed Drill Stem Test (DST) on the Dhirubhai-29 (D-29) gas discovery that established presence of hydrocarbon, sources privy to the development said.

High Court orders Ola to run only CNG cabs in Delhi

Last Updated: Thursday, September 3, 2015, 19:12

The Delhi High Court on Thursday said Ola cabs, an app-based taxi service, can run only on Compressed Natural Gas (CNG) fuel in the national capital.

European Commission approves Shell's purchase of BG Group

Last Updated: Wednesday, September 2, 2015, 23:09

The European Commission gave its approval Wednesday of Royal Dutch Shell's planned acquisition of Britain's BG Group in a deal that must also be cleared by Australian and Chinese regulators.

Oil exploration cos in huge demand; shares rally up to 20%

Last Updated: Wednesday, September 2, 2015, 20:37

Shares of oil exploration companies were in huge demand Wednesday, surging up to 20 percent, as the government decided to auction 69 idle oil and gas fields of state-owned ONGC and Oil India to private firms on a new revenue sharing model and liberalised terms.

Govt to auction 69 oil & gas fields; Rs 70,000 crore to be monetised

Last Updated: Wednesday, September 2, 2015, 20:36

In a 'paradigm' shift, government will auction 69 idle oil and gas fields of state-owned ONGC and Oil India to private firms on a new revenue sharing model and liberalised terms including pricing and marketing freedom.

Govt to auction 69 oil and gas fields of ONGC, OIL worth Rs 70,000 crore

Last Updated: Wednesday, September 2, 2015, 13:59

The fields hold 89 million tonne of oil and gas resources which are worth Rs 70,000 crore at current prices.

Petronet to raise Rs 1,000 crore through bonds issue

Last Updated: Tuesday, September 1, 2015, 18:57

Petronet LNG Ltd, India's biggest liquefied natural gas importer, will raise Rs 1,000 crore through bonds issue this fiscal mostly to pay off its existing debt.