Order of the National Green Tribunal in the matter of News Item titled "2 killed in blast at illegal cracker unit in Thanjavur appearing in The Hindu dated 19.05.2025". The application is registered suo-motu on the basis of the news item titled 2 killed in blast at illegal cracker unit …
Ever since the ban on Iranian oil imports by European Union nations came into effect in February 2012, Indians oil companies have gradually reduced their dependence on oil from the West Asian country and put in place alternative arrangements. India aims to cut Iranian oil imports by around 15% every …
New Delhi: Free-market diesel price in 24 mths; only LPG, kerosene to get subsidy The UPA government is going the whole hog on its plan to move towards fully market-determined pricing of diesel, which accounts for 60% of this year’s estimated fuel subsidy bill of R1.7 lakh crore. “In 24 …
Petroleum minister Veerapa Moily has prepared a Cabinet note, recommending a new formula suggested by the Rangarajan panel to split profits between the exchequer and fuel producers from oil and gas blocks to be awarded in the future to avoid disputes over timely payment of the state’s share of profits. …
New Delhi: n Petroleum ministry knocks on investment body’s door for clearances Move would benefit RIL, Cairn, BP, BHP Billiton and ONGC The petroleum ministry is set to approach the Prime Minister-led Cabinet Committee on Investment (CCI) for fast-tracking the approvals for 20 offshore exploration blocks, held up for want …
Sharp decline in production from flagship Krishna-Godavari basin has changed the business mix for the company An unimpressive performance on its exploration and production front has brought the refining and marketing and petrochemicals business back in the reckoning for Reliance Industries Ltd (RIL), India’s highest valued company. Over the quarters, …
OVL holds 70 per cent participating interest in the block at the llanos basin in Colombia ONGC Videsh Ltd (OVL), the foreign investment arm of state-owned Oil and Natural Gas Corp (ONGC), has discovered oil on an onland block, CPO-5, in Colombia, it said in a statement on Sunday. “OVL …
Reliance Industries on Friday won government approval to de-notify over 40% of its Special Economic Zone (SEZ) in Gujarat as it plans R45,000 crore projects in that area to cater to domestic market. An official said RIL’s proposal was approved at the meeting of Board of Approvals (BoA) SEZ subject …
A new fiscal regime for oil and gas output is broadly welcome with attendant institutional revamp There seems much policy reform in the pipeline in the oil and gas sector. The report of the ‘Committee on the production sharing contracts mechanism in petroleum industry’ calls for policy overhaul to incentivise …
Two major players announce price rise in the range of 10-34% across segments Gujarat government-owned gas distribution player, GSPC Gas Company and the Adani Group's gas distribution arm, Adani Gas have announced sharp increase in gas prices for the domestic, industrial and CNG consumers. The price hike was attributed to …
In a bid to neutralise political opposition to planned fuel price hikes, the government is considering a two-step process: First, allow up to 12 subsidised domestic gas cylinders per year from the currently proposed nine and later, raise prices of LPG and diesel in a phased manner. Sources told FE …
Kichwa villagers from Sani Isla vow to resist oil prospecting by state-backed company Petroamazonas at all costs In what looks set to be one of the most one-sided struggles in the history of Amazon forest conservation, an indigenous community of about 400 villagers is preparing to resist the Ecuadorean army …
New Delhi:The oil ministry’s proposal for a dual pricing regime for diesel — having a market price for bulk consumers and subsidized rate at pumps — would work to the disadvantage of state-run fuel retailers and spark diversion. The option is one of the suggestions made in the ministry’s response …
After protracted wrangling, the Comptroller and Auditor General (CAG) will on Wednesday begin the second round of audit of Reliance Industries spending on the flagging eastern offshore KG-D6 gas block. CAG officials are scheduled to reach RIL's Navi Mumbai office on January 9 to begin the scrutiny, sources privy to …
State-run Gujarat State Petroleum Corporation (GSPC) announced it has booked 2.25 million tonne per annum (MTPA) natural gas re-gasification capacity offerd by Petronet LNG Ltd (PLL) at its Dahej terminal in Gujarat. GSPC has contracted the capacity on firm and long-term basis for 20 years. “GSPC will now be able …
In his first major decision, the petroleum minister, M Veerappa Moily, has allowed Reliance Industries and Cairn India to explore oil and gas within producing fields, subject to conditions. The ministry, which had been sitting on the proposal for over a year, wrote to the directorate general of hydrocarbons (DGH) …
Plans to charter floating terminal land-based project to be ready by '16 Petronet LNG Limited is planning to charter a floating LNG (liquefied natural gas) storage and regasification unit (FSRU) to bring LNG to the AP coast early by 2014 while it expects to complete the land-based LNG terminal at …
An Exxon Mobil pipeline spill into the Yellowstone River in 2011 would have been far less severe if the company had not delayed closing valves, a report issued on Wednesday by federal pipeline regulators said. Exxon's Silvertip pipeline, which carries 40,000 barrels per day of crude in Montana, leaked about …
The suggestions are now expected to be vetted by the oil ministry The Rangarajan Committee, looking into the Production Sharing Contracts (PSCs) in the oil and gas sector, has suggested an annual revision based on an average of international gas prices unlike the five-year cap currently in place for gas …
Natural gas prices in the economy are expected to rise as a panel led by the Prime Minister’s Economic Advisory Council chairman C Rangarajan has asked for linking domestic prices to an average of international hub prices and the cost of imported LNG. The report submitted to Prime Minister Manmohan …
However, experts from the oil and gas industry feel that the move by company would not bring much relief in the present high price situation City gas distribution major Gujarat Gas Company Ltd (GGCL) has decided to focus on domestic suppliers for procurement of LNG after its supply contract with …
