Govt to announce new gas price formula for 'difficult fields'

Last Updated: Monday, August 10, 2015, 17:55

Government will "any day" announce a decision to allow market price for part of gas discoveries made in future from difficult fields, Oil Minister Dharmendra Pradhan said Monday.

IGL Q1 profit down 11% to Rs 102 crore

Last Updated: Wednesday, August 5, 2015, 19:28

Indraprastha Gas Ltd, the sole supplier of CNG and piped cooking gas in the national capital, Wednesday reported 11 percent drop in the June quarter net profit on lower realisation from industrial and commercial users.

Production from GSPC fields in KG basin faces delay

Last Updated: Sunday, August 2, 2015, 14:25

Nearly a year after beginning trial gas production and investing USD 3.4 billion, Gujarat's GSPC is yet to start commercial production from its Deen Dayal discoveries in KG basin.

Mahawar takes over as ONGC director

Last Updated: Saturday, August 1, 2015, 19:05

Ved Prakash Mahawar on Saturday took over as Director (Onshore) of state-owned Oil and Natural Gas Corp (ONGC).

Infra sector growth slows down to 3% in June

Last Updated: Friday, July 31, 2015, 18:30

The sharp decline in the pace of growth during June follows a six-month high rate of 4.4 percent in May this year.

Growth in eight core infra industries rises by 3% in June

Last Updated: Friday, July 31, 2015, 17:35

The eight sectors contribute 38 percent to the overall industrial production, a parameter that the RBI takes into account while framing its monetary policy.

Petronet LNG appoints Prabhat Singh as MD & CEO

Last Updated: Thursday, July 30, 2015, 18:26

Prabhat Kumar Singh will be the new Managing Director and CEO of Petronet LNG Ltd, India's biggest liquefied natural gas importer.

Talks with Kuwait's PIC remain inconclusive: ONGC

Last Updated: Thursday, July 30, 2015, 17:05

State-owned Oil and Natural Gas Corp on Thursday said the talks to sell stake in long-delayed mega petrochemical plant at Dahej in Gujarat to Kuwait's Petrochemical Industries Company (PIC) remain inconclusive.

ONGC to invest $8.8 bn in KG oil and gas finds

Last Updated: Sunday, July 26, 2015, 12:27

ONGC has divided 12 oil and gas finds in the block KG-DWN-98/2 or KG-D5 and gas discovery in an adjacent G-4 block the Bay of Bengal into three clusters to quickly bring them to production.

ONGC Videsh loses bid for two oil blocks in Mexico

Last Updated: Friday, July 17, 2015, 18:23

ONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has lost out on its bid for two oil blocks in Mexico's first licensing round in 88 years.

GAIL to swap US LNG, issue tender next month

Last Updated: Friday, July 17, 2015, 13:32

State-owned gas utility GAIL India plans to swap over one-third of the liquefied natural gas (LNG) it has contracted from US with a gas seller nearer to India to save on transportation costs.

Oil Min reinstates Shashi Shankar as ONGC Director

Last Updated: Thursday, July 16, 2015, 15:17

The Oil Ministry has reinstated Shashi Shankar as Director (Technology and Field Services) of Oil and Natural Gas Corp (ONGC) pending an inquiry into alleged irregularities in an unawarded Rs 23 crore tender of 2011.