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.

Govt to fix formula for premium on gas pricing soon: Pradhan

Last Updated: Friday, August 28, 2015, 19:26

Petroleum Minister Dharmendra Pradhan on Friday said the government would soon finalise a formula to calculate premium on gas pricing for difficult blocks.

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.

HC to decide on Aug 11 bench to hear RIL, Centre pleas

Last Updated: Thursday, August 6, 2015, 22:13

The Delhi High Court Thursday said it will decide on August 11 the bench that will hear RIL and the Centre's pleas against the city government's decision to lodge an FIR against two former Union ministers in connection with alleged irregularities in raising the price of gas from the company's KG6 basin.

Government to allow market price for some natural gas

Last Updated: Sunday, May 17, 2015, 11:59

The government may allow a part of the natural gas produced by firms like ONGC and Reliance Industries from new discoveries to be sold at market price as it looks to boost domestic exploration and production.

Stable policy regime must for investments in gas sector: Expert

Last Updated: Wednesday, February 18, 2015, 14:24

Slamming the new natural gas formula as making "no sense", world renowned energy expert Fereidun Fesharaki has said only guaranteed market prices along with stable policy regime would bring in investments from global majors.

'Diesel deregulation, gas price to have positive impact on oil companies'

Last Updated: Wednesday, December 17, 2014, 14:27

Key oil and gas sector reforms like diesel deregulation and a new gas pricing policy will have a positive impact on companies engaged in fuel retailing and gas production, says a report by Fitch Ratings.

RIL welcomes gas price notification

Last Updated: Saturday, January 11, 2014, 19:50

Reliance Industries welcomed notification of new gas pricing formula that will almost double the fuel prices from April 1.

Govt notifies new gas pricing formula; doubles rate to $8.4

Last Updated: Friday, January 10, 2014, 18:42

Govt notified a new natural gas pricing formula that will be almost double the rate of all domestically produced fuel to USD 8.2-8.4 a unit starting April 1.

Finance Ministry for cap on gas prices

Last Updated: Monday, December 16, 2013, 16:06

The Finance Ministry has strongly pitched for putting a cap or limit to which natural gas rates can be increased following a new pricing formula that will come into effect from April 1.

Cabinet to decide on capping natural gas price hike

Last Updated: Wednesday, November 27, 2013, 15:45

The Union Cabinet had in June decided to price all domestically produced natural gas at an average of the price prevailing at international gas trading hubs and the actual cost of importing liquid gas (LNG).

SC judge recuses from hearing PIL against price rise of gas

Last Updated: Monday, September 9, 2013, 20:39

A Supreme Court judge Monday recused himself from hearing a plea against the Centre and Reliance Industries Ltd on government's controversial decision to raise the price of natural gas.