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. …
Assam will soon set up a gas-based thermal power plant; which for the first time will use 'waste' gas as its fuel. The power plant, proposed to be set up at Titabor in Jorhat district, will come up at an estimated cost of Rs 300 crore and would be commissioned …
In December 2012, the Rangarajan Committee submitted its report on "Production Sharing Contract (PSC) Mechanism in Petroleum Industry". The report, inter- alia, recommended a formula for pricing of domestically produced gas. The Rangarajan Committee made the following observations in para 24.2 of their report while discussing "An Approach to Gas …
Ministry proposed a system of revenue sharing where the govt gets paid a part of the sales proceeds the moment production starts Vijay Kelkar, chairman of the expert panel on energy security, has stuck to his position that the existing regime for oil and gas contracts that governs oil and …
ONGC's giant gas field in Mozambique holds 45 to 70 trillion cubic feet (tcf) of recoverable reserves, 28% more than the minimum estimated resources when it invested $ 4.12 billion. ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), bought a 16 per cent stake …
OVL-OIL consortium to spend $103.2 million in two blocks that it won in August 2013 ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have signed contracts to explore oil and gas in two areas in Bangladeshi waters. An equal joint venture of OVL, the overseas arm of state-owned Oil …
The expenditure on subsidies for food, fertiliser and fuel for 2014-15 is budgeted at Rs 2,46,397 crore, as against Rs 2,45,452 crore in the revised estimates The biggest mystery on the day of the interim Budget had to do with the rollovers for the next financial year on the subsidy …
National Green Tribunal on Tuesday sought a response from the Centre and Assam government on a petition alleging that work of some state-owned companies in and around the Dehing-Patkai wildlife sanctuary in Tinsukia district was affecting the environment. Based on the petition, the tribunal also issued notices and sought responses …
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 …
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 …
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 …
Prices could double by 2014 leading to hike in power tariff and fertilizer cost Despite opposition from within the Cabinet and outside, the Manmohan Singh government on Thursday approved a doubling of natural gas prices from the present $4.2 mbtu to $8.4 mbtu from April 1, 2014. Many experts feel …
Paves the way for a new policy after CCEA approval The Law and Justice Ministry has favoured a stable, five-year gas pricing formula, and also advocated a single price for all sources of gas. This would be put into effect from April 1, 2014, after approval of the Cabinet Committee …
Over the last few months, the ministry of petroleum and natural gas (MoPNG) has cleared around 200 pending management committee (MC) resolutions involving oil and gas blocks operated by both public and private companies, from as far back as 2004. In April alone, around 88 pending MC resolutions were cleared. …
It, however, says that the sample collected during exploration activity should not be used for commercial activity The Ministry of Environment and Forests (MoEF) has accorded 'green signal' to Oil India Ltd's (OIL's) proposed exploration activities in KG–ONN–2004/1 block in the Krishna-Godavari basin. According to an order issued yesterday, the …
With its rising energy needs, India has emerged as the fourth largest energy consumer of the world after the US, China and Russia, but its per capita energy consumption remains lower than that of developed countries, says a report. "India is the fourth largest energy consumer in the world after …
With its rising energy needs, India has emerged the fourth largest energy consumer of the world after the US, China and Russia, but its per capita energy consumption remains lower than that of developed countries, says a report. “India is the fourth largest energy consumer in the world after the …
Banking on the phased deregulation of diesel pricing, the government proposes to cap subsidy on this fuel at R6 per litre in 2013-14 to insulate itself from volatility in global crude oil prices which could potentially upset its fiscal math. The average under-recovery on diesel this fiscal is estimated to …
Aims to maximise realisation to meet Rs 30,000-cr target FinMin to meet ministries this week To maximise realisations from stake sale in two companies in its disinvestment pipeline — Oil India Ltd (OIL) and NTPC — the government has planned to sort out some of the issues before launching offer …
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 …
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. …
