Oil and Natural Gas Corporation (ONGC)

First food: business of taste

Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …

Moily says no going back on gas price hike decision

Coming down heavily against Delhi chief minister Arvind Kejriwal for ordering an “unconstitutional” FIR against him and others for raising gas prices, Oil minister M Veerappa Moily on Friday said the government will not go back on its decision to hike rates from April 1. “Where is the question of …

Fertiliser ministry wants cheaper natural gas for urea units to continue

Contending that cost of urea production needs to be kept under check and so should the subsidy burden, the ministry of fertiliser has asked the petroleum ministry to continue providing natural gas to urea fertiliser units at the current price of $4.2/mmBtu or at least at a concessional rate in …

Ministry Seeks Cabinet Nod for Open Licensing Policy with Nelp

The oil ministry that has approached the Cabinet for its approval to launch the next round of annual oil and gas block auctions is simultaneously seeking its clearance for a policy that would allow companies to apply for exploration permits at any time of the year. According to a draft …

Moily sets up team to reassess hydrocarbon resources

Moving to re-assess the oil and gas potential of the country, Petroleum and Natural Gas Minister Veerappa Moily on Monday announced setting up of a Multi Organisation Team (MOT) to carry out the re-assessment of hydrocarbon resources in all 26 sedimentary basins. The assessment is to be completed within 30 …

Rangarajan’s formula for KG gas price not a reality for DGH yet

The government may have approved the Rangarajan formula that could nearly double the price of domestically produced natural gas starting FY14 given the current rates of benchmark prices cited, but the upstream hydrocarbon regulator doesn’t seem to concur. In what virtually deprives Reliance Industries (RIL) of two gas discoveries — …

Exploration Policy Gives More Power to Energy Companies

Permits operators to club discoveries of 2 or more blocks for optimum output India’s proposed exploration policy seeks to give energy companies greater flexibility by eliminating the key role of the management committee headed by the director general of hydrocarbons in approving financial decisions. It also permits operators to club …

ONGC’s first power plant in India starts commercial generation

State–owned ONGC’s first commercial power project in the country started commercial production on Tuesday night in Tripura, six months after President Pranab Mukherjee dedicated the 726 MW capacity facility to the nation. “After the inauguration of the power project on June 21 by the President, technical hurdles were found in …

ONGC Videsh abandons 20 blocks in three years

STATE-RUN ONGC Videsh (OVL), vested with the key responsibility of bolstering the country’s energy security by acquiring hydrocarbon assets abroad, is adding less proven reserves to its portfolio than it is producing, going by data up to 2012-13. This, according to analysts, reflects poor selection of assets, if not an …

MoEF blames ONGC for Uran oil spill

New Delhi: The Union environment ministry has indicted ONGC for the oil spill that was reported off the Uran coast near Mumbai in October. It has asked the petroleum ministry to take action against those responsible for not adhering to crucial monitoring norms in the public sector oil major despite …

Moily Speeds Up Decision Making at Green Min

Less than a week after taking additional charge of the ministry of environment and forests, M Veerappa Moily has decentralised decision-making by empowering senior officials to expeditiously clear hundreds of pending files while directing the environment secretary to focus on policy matters as well as Cabinetrelated issues. “There is a …

ONGC to appeal in Supreme Court against Gujarat HC order

HC asked it to pay Rs 10,000 cr in past royalty dues ONGC Oil and Natural Gas Corp (ONGC) today said it would appeal in the Supreme Court against a Gujarat High Court order asking it to pay Rs 10,000 crore in past royalty dues, saying it cannot pay the …

Allocation and pricing of gas: Standing Committee on Petroleum & Natural Gas (2013-14)

Standing Committee on Petroleum & Natural Gas present this Nineteenth Report on "Allocation and Pricing of Gas". The Committee took evidence of the representatives of the Ministry of Petroleum & Natural Gas at their sittings held on 24.7.2013 and 20.08.2013. The Report was considered and adopted by the Standing Committee …

Oil leakage robs Mahul fishermen of livelihood

The fishermen from Mahul gaon, a quiet fishing village near Chembur, are a distressed lot. Oil leakage from refineries located in the area over the past two months has not just threatened their traditional fishing business, but has also adversely affected the health of the families residing there. “Nobody dares …

ONGC finds rich reserves of oil in KG Basin block

Oil and Natural Gas Corporation (ONGC), facing a prolonged stagnancy in oil production, has got a shot in the arm with one of its blocks in the Krishna-Godavari basin off the Andhra Pradesh coast, close to Reliance Industries’ much-touted KG-D6 field, having been found to hold reserves four times the …

Oil spill off Mumbai worse than estimated

The oil spill on the Uran coast close to Mumbai is larger than what was estimated, the Maharashtra Pollution Control Board (MPCB) has said. The admission came two days after the leak of crude oil from an ONGC pipeline. It took 12 hours to cap. Initially the MPCB estimated that …

Oil spill near Mumbai: Show cause notice issued to ONGC

The ministry also ordered the closure of the faulty ONGC pipeline responsible for the spill Concerned over environmental damage caused due to an oil spill off Uran coast near Mumbai, the Environment Ministry today constituted a team to inspect the site and issued a show cause notice to Oil and …

Dead fish float on sea after oil spill

ONGC, Maharashtra Pollution Control Board say the spill is minor On Monday, Naushad Qureshi returned from the sea with a net full of dead fish. The thick film of black grease that covered his net was the result of an oil spill from the ONGC plant along the Uran coast. …

ONGC oil leak hits Uran coast

Heavy Pollution Feared Along 10-Km Stretch Navi Mumbai/Mumbai: A pipeline in the Oil and Natural Gas Corporation’s Uran plant developed a leak on Sunday night, spilling about 5,000 litres of crude oil into the Arabian Sea that spread about 10km along the coastline and caused considerable water pollution. The grey-black …

CCEA okays coal block auction policy

The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved the much-awaited coal block auction policy for private companies that for the first time will allow companies in the power, cement and steel sectors to bid for captive coal mining rights. Under the new policy, the winning bidder will be …

Shale oil and gas exploration policy to be taken up

The Cabinet is likely to consider on Tuesday a policy for exploration of shale oil and gas, which will initially allow state-owned Oil and Natural Gas Corporation and Oil India to tap the unconventional resource in areas they hold. The shale gas policy is listed on the agenda of the …

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. ...
  9. 28

IEP child categories loading...