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. …
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 …
Ahmedabad: The Gujarat high court on Thursday directed the Centre to file an affidavit in a week’s time explaining why the court should not take punitive action against responsible persons for noncompliance of its order to supply CNG to Ahmedabad at a rate supplied to Mumbai and Delhi. On July …
New Delhi: In the wake of recent power outages in the city, Delhi government on Wednesday asked the petroleum ministry to divert gas supply meant for Pragati power plant to the newly-constructed Bawana power plant as it has more efficient machinery. The proposal, which has been approved “in principal” by …
Burdened with the task of containing fiscal deficit, the finance ministry has rejected the oil ministry's proposal to reduce the crude oil cess that could have given much-needed relief to upstream oil companies such as ONGC, OIL and Cairn. The oil ministry had proposed to reduce the cess from R4,500 …
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 …
The oil ministry has moved two separate cabinet notes - one to raise cap on supply of subsidised cooking gas cylinders and the other to increase fuel prices, particularly diesel, by less than a rupee per month to pair it with market rates and eventually deregulate it in next 15 …
Hike being mulled as govt scrambles to find ways to meet Rs 1,60,000 cr deficit expected this fiscal on selling diesel, LPG and kerosene below production cost Diesel prices may be hiked by Rs 10 per litre over a 10-month period and kerosene rates increased by same quantum over the …
The Rangarajan Committee’s proposal to double the domestic natural gas price will give major relief to ONGC, which has been hit by the policy of giving upstream firms a larger share of oil subsidies meant to compensate marketing firms. The committee is believed to have proposed a gas price of …
As against planned gas production of 95.87 mcm, company produced 153.992 mcm Oil & Natural Gas Corporation Ltd (ONGC) has achieved highest natural gas production from its Gujarat gas fields for the month of November, a statement from the union ministry of petroleum and natural gas (MoPNG) showed. As against …
A panel headed by Prime Minister's Economic Advisory Council Chairman C Rangarajan has proposed creating a mechanism to carry out "concurrent audit" of blocks where companies have invested over $1 billion, enabling the government to keep a real-time vigil on the books of oil and gas producers. "(In cases) where …
The oil ministry has approved further exploration in Cairn India's operational oilfields in Rajasthan to increase production. “The proposal was pending with us for more than one and a half years. According to the existing PSC, the contractors are not prohibited for exploration in producing fields, however, we have given …
Even as India and Russia agreed to further deepen co-operation in the energy sector fissures remain between the two sides over the grant of special treatment on investments made by the two countries in telecom and oil sectors. At the end of the 13th Annual Summit between India and Russia, …
ONGC's foreign arm had agreed to buy firm's stake in Kashagan field for $5 bn US-based ConocoPhillips is in talks with state-run Oil and Natural Gas Corporation ( ONGC) to pick stake in more than one of its ultra-deep-water blocks. A senior executive from ONGC said ConocoPhillips, US’s third largest …
EXPLORING REFORMS Wants cost-recovery clause removed, end to govt role in micromanaging fields, tax holiday extension The Rangarajan panel has recommended the end of the controversial system of oil firms recovering their costs from sale of oil and gas in all future contracts and suggested a transparent structure for sharing …
The coal ministry is likely to move a cabinet note seeking permission for Coal India to extract coal bed methane (CBM) in its leasehold areas, the chairman of the state-run miner has said. The development follows a request by Kolkata-based Coal India that instead of auctioning new CBM blocks in …
CIL looks into shale gas, coal-bed methane options The world’s largest coal producer Coal India Ltd (CIL) may diversify into coal-bed methane (CBM) and shale gas. Amid the turf war between the petroleum ministry and coal ministry over the authority over natural resources like CBM and shale, the Kolkata-based coal …
Appoints Foster Wheeler as consultant to prepare project report Even as domestic gas production has fallen 8 per cent, Oil India Ltd (OIL) is planning to set up a liquefied natural gas ( LNG) receiving terminal in India. The company plans to set up a 2.5-million tonne (mt) capacity terminal. …
Declining prices of carbon credits along with the lower probability of Annex 1 or developed countries agreeing to binding commitments after the expiry of first commitment period of the Kyoto Protocol in 2012 may hit the revenues of companies like SRF, ONGC, Navin Fluorine and Chemplast Sanmar, among others, which …
The Government of India constituted this committee to look into the Production Sharing Contracts (PSCs) mechanism in petroleum industry. The exploration and production policy for hydrocarbons is a cornerstone of our energy security, since India has a large and growing demand for energy and substantial hydrocarbon reserves that remain to …
After a prolonged slide, the price of each well below a euro, a 95% fall in 4 years, with no relief in sight With the price of carbon credits continuing to slide in the global markets and the first commitment period for the Clean Development Mechanism (CDM, under which carbon …
