ONGC targets to start production by mid-2018 from KG-D5 block

Last Updated: Monday, December 1, 2014, 21:17

State-owned Oil and Natural Gas Corp (ONGC) is targeting mid-2018 for start of natural gas production from its Krishna Godavari basin KG-D5 block, Oil Minister Dharmendra Pradhan said Monday.

ONGC lines up USD 3 bn investment in Mozambique

Last Updated: Friday, November 28, 2014, 18:32

While the Mozambique cabinet has approved the decree law, it is awaiting Parliament nod, sources said.

Higher rates will help increase domestic gas output: Moily

Last Updated: Friday, December 20, 2013, 13:42

Defending the government decision to double natural gas prices from April next year, Oil Minister M Veerappa Moily on Friday said higher rates will help raise domestic production and cut dependence on imports.

Moily hints at moderation in diesel price hike

Last Updated: Friday, December 13, 2013, 18:10

Oil Minister M Veerappa Moily Friday hinted that an expert panel call for a Rs 5 a litre hike in diesel and Rs 250 increase in LPG rates will be diluted, saying that a balanced view keeping consumer interest in mind would be taken.

Moily walks the talk: takes Metro to office to save fuel

Last Updated: Wednesday, October 9, 2013, 13:36

Leading by example, Oil Minister M Veerappa Moily today took the metro to office as part of his drive to promote fuel conservation and help cut India's massive oil import bill.

Govt may appt global experts on sharp fall in KG-D6 gas output

Last Updated: Friday, October 4, 2013, 16:56

The expert will ascertain the reasons for sharp fall in natural gas production.

India aims to cut Iran oil imports by 15%: Oil secretary

Last Updated: Tuesday, October 1, 2013, 17:47

India aims to cut Iranian crude imports by 15 percent this fiscal year, the oil secretary said on Tuesday, differing from the oil minister who recently said he wanted to hold the shipments at last year's levels.

India to build its first strategic oil storage by January 2014

Last Updated: Friday, September 27, 2013, 20:57

India will build its first strategic oil storage by January in an effort to insulate itself from supply disruptions, Oil Minister M Veerappa Moily said today.

Moily to travel by public transport every Wednesday

Last Updated: Friday, September 27, 2013, 13:43

Moily said he and all his ministry officials as well as those in PSUs under his ministry will travel by public transport every Wednesday.

10th round of oil and gas block auction likely in January

Last Updated: Thursday, September 26, 2013, 12:43

India is likely to launch the 10th round of auction of oil and gas blocks in January as the country looks to attract foreign investors to boost domestic production.

Consultant for KG-D6: Moily says OilMin hasn't moved Cabinet

Last Updated: Wednesday, September 25, 2013, 20:31

Oil Minister M Veerappa Moily today said his ministry has not moved the Cabinet for appointing a consultant to study the reasons for falling gas output at the KG-D6 block operated by Reliance Industries.

Diesel price may be hiked by Rs 3-5 a litre, LPG by Rs 50

Last Updated: Saturday, August 31, 2013, 15:41

A 25 percent drop in rupee value has resulted in losses on diesel sales widening to Rs 10.22 per litre despite prices being raised by 50 paise a litre every month since January.