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.

India signs pact to lay oil pipeline to Nepal

Last Updated: Monday, August 24, 2015, 18:54

India Monday signed an agreement to lay an oil pipeline from Raxaul in Bihar to Amlekhgunj in Nepal to supply petrol, diesel and ATF to the land-locked Himalayan Kingdom.

Pradhan to sign MoU for oil pipeline with Nepal

Last Updated: Sunday, August 23, 2015, 18:07

Oil Minister Dharmendra Pradhan is visiting Kathmandu this week for signing of an agreement to lay an oil pipeline from Raxaul in Bihar to Amlekhgunj in Nepal to supply petrol, diesel and ATF to the land-locked Himalayan Kingdom.

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.

Govt moots single entity for oil sector safety, installations

Last Updated: Tuesday, August 4, 2015, 20:14

With four agencies under different ministries being responsible for safety of oil installations, Petroleum Minister Dharmendra Pradhan Tuesday mooted bringing them under one umbrella organisation by enacting a new law.

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.

Oil Ministry reverts back to promoters selecting CEO of Petronet

Last Updated: Tuesday, July 14, 2015, 13:54

The Oil Ministry has reverted back to the mechanism of promoters selecting CEO of Petronet LNG after it scrapped an ad-hoc search committee formed under the previous Petroleum Secretary.

OilMin to remind Finance Ministry on gas price premium soon

Last Updated: Monday, July 13, 2015, 14:07

The Oil Ministry is putting out a reminder to the Finance Ministry for an early decision on allowing market price for part of the natural gas produced by firms like ONGC and RIL from difficult fields.

Finance Ministry returns Oil Ministry's gas price premium proposal

Last Updated: Tuesday, June 9, 2015, 12:22

Finance Ministry has returned an Oil Ministry proposal to allow market price for part of the natural gas produced by firms like ONGC and Reliance Industries from difficult fields.

Natural gas output to rise 50% by 2018-19

Last Updated: Wednesday, June 3, 2015, 18:14

In its annual report, the ministry has said domestic gas production will rise from 98.15 mmscmd in 2014-15 to 99.87 mmscmd in the current fiscal.

RIL to produce 23 mmscmd from gas finds in KG-D6: Oil Ministry

Last Updated: Tuesday, June 2, 2015, 17:40

The Ministry said 10 mmscmd gas will come from four satellite fields of D-2, D-6, D-19 and D-22 in the eastern offshore Krishna Godavari basin block KG-D6 and another 13 mmscmd from D-34 discovery.

Gas price pooling to urea units to be effective from July 1

Last Updated: Tuesday, May 26, 2015, 19:45

Gas price pooling to make available feedstock fuel to urea making fertiliser plants at a uniform rate will come into effect from July 1, the Oil Ministry said.