Govt rejects BP's application for selling ATF

Last Updated: Monday, April 20, 2015, 15:30

BP Exploration (Alpha) Ltd, a wholly owned subsidiary of BP plc, had on June 11, 2014 submitted an application for authorisation to market aviation turbine fuel (ATF) claiming to have invested USD 477 million in the country.

Pradhan wants ONGC to ramp up output

Last Updated: Thursday, April 16, 2015, 22:52

Petroleum Minister Dharmendra Pradhan Thursday asked state-owned Oil and Natural Gas Corp (ONGC) to step up crude output from its fields in Assam to help reduce India's import dependence.

OIL's 20 MW gas based power plant inaugurated

Last Updated: Wednesday, April 15, 2015, 21:58

Oil India Limited's 20 MW Gas Based Power Plant was inaugurated here by Minister of State for Petroleum and Natural Gas Dharmendra Pradhan today.

Oil diplomacy: Pradhan to visit Mozambique next month

Last Updated: Tuesday, March 17, 2015, 16:52

Oil Minister Dharmendra Pradhan is likely to visit Mozambique next month to press the African nation to quickly ratify a law that will help Indian firms proceed with multi-billion dollar gas project.

Govt examining CAG report on irregularities in ONGC hiring rig

Last Updated: Monday, March 16, 2015, 15:22

The government is examining CAG allegations of irregularities in ONGC hiring a deep sea drilling rig from Reliance Industries and will take appropriate action, Oil Minister Dharmendra Pradhan said on Monday.

OVL in talks to acquire stake in 2 Siberian oilfields

Last Updated: Wednesday, March 11, 2015, 15:53

While the Minister did not name the fields, sources said OVL was in talks for a stake in Vankor and Yurubcheno-Tokhomskoye fields.

57 cases of oil pilferage detected this fiscal: Govt

Last Updated: Monday, March 2, 2015, 14:05

As many as 57 cases of pilferage of crude oil during transportation have been reported so far this financial year, up from 47 cases in the previous year, government said today.

Oil regulator for lower marketing margin on gas: Pradhan

Last Updated: Wednesday, February 25, 2015, 18:58

Oil regulator PNGRB has suggested a maximum marketing margin on natural gas sold to fertilizer and LPG plants of about 11.5 cents, less than what state-run GAIL and Reliance Industries currently charge from gas users.

ATF costs less than petrol, diesel: Dharmendra Pradhan

Last Updated: Wednesday, February 25, 2015, 17:51

While jet fuel (ATF) in Delhi costs Rs 46,513.03 per kilolitre or Rs 46.51 per litre, petrol is priced at Rs 57.31 a litre. Diesel costs Rs 46.62 a litre.

Consumers were benefitted first; petrol excise duty came later: OilMin

Last Updated: Wednesday, February 25, 2015, 17:28

Under attack for hiking excise duty on petrol and diesel, government today said the step was taken to save money for developmental works after "substantial" benefits of reducing global crude prices were passed on to consumers by effecting price cuts.

TAPI pipeline: India asks Turkmenistan to ease rules

Last Updated: Wednesday, February 11, 2015, 18:58

With construction of the USD 10 billion TAPI pipeline stuck for want of a credible operator, India today pressed Turkmenistan to relax its domestic law to help get an international firm for building the project.

PM Modi reviews progress of LPG subsidy transfer scheme

Last Updated: Saturday, January 31, 2015, 19:47

Prime Minister Narendra Modi on Saturday reviewed the progress of implementation of the scheme for paying subsidy on cooking gas (LPG) directly into bank accounts of consumers.