Oil India

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. …

OIL issue on track, tough going for ONGC

The government’s desperation to raise Rs 40,000 crore from disinvestment this year notwithstanding, the Oil and Natural Gas Corporation (ONGC) follow-on issue is nowhere on the horizon. Though the petroleum ministry has conveyed its approval for a follow-on issue of Oil India Ltd (OIL), meeting the target without ONGC’s issue …

OIL gas leak creates panic in Bordubi

DIBRUGARH: Panic prevails in the Bordubi area in Tinsukia district following oozing out of natural gas from Oil India Limited’s well number 285 at Deosal Tea Estate under Bordubi police station from last 15 days. The situation turned worse when heavy emission of natural gas has been witnessed from 50 …

OIL project one of 12 best case studies

Jorhat, Sept. 28: Project Rupantar, an ongoing corporate social responsibility project of Oil India Limited, Duliajan, to develop and support self-help groups, has been selected as one of the 12 best case studies amongst corporate initiatives carried out in the global oil and gas industry. The project will be showcased …

Gas pool likely to fuel power plants ready for generation

New Delhi The government proposes to offer gas for all power projects to be completed in the current Five Year Plan by creating a pool of domestic gas and imported re-gassified liquified natural gas (RLNG). The new mechanism will not only ensure that gas is available to meet around 80% …

Sena commits bridge over Noa-Dehing River

KHARSANG: The growing demand for a motorable suspension bridge over the Noa-Dehing River connecting Miao with Pisi in Changlang district has at last been fulfilled. At least for the moment. Senior leader of the region, Minister for Power, Parliamentary Affairs, Environment & Forest Setong Sena, during a public meeting at …

Govt aid can help overcome crisis

GUWAHATI, July 26 – The crisis faced by the State’s power sector today due to the rise in the prices of natural gas has its genesis in the hike effected in the natural gas price by the Union Government for the Reliance Industry-owned Krishna-Godavari (KG) Basin gas to $ 4.20 …

OIL signs MoU with TERI

To collaborate in research in petroleum biotechnology In a unique initiative and partnership, state-run Oil India Limited (OIL) has signed a memorandum of understanding (MoU) with The Energy and Resources Institute (TERI) for research and collaboration in petroleum biotechnology and new and renewable energy sources. The MoU was signed by …

Rohmorias challenge: Natural disasters, popular protests and state apathy

Rohmoria, in the upper reaches of the Brahmaputra river in Assam, is severely affected by river-borne erosion. Efforts to get government help in combating this erosion passed through different stages of peaceful agitation and ultimately took a political character. People

India Hunts For Oil

When Ranbir Singh Butola took over as the managing director of ONGC Videsh Ltd (OVL) in 2004, the overseas subsidiary of Oil and Natural Gas Corporation (ONGC), his brief was to expand India's oil and gas footprint. Not surprising then that Butola has spent the last six years living out …

Natural gas in India

The Indian gas market is expected to be one of the fastest growing in the world over the next two decades. This paper analyses this market, highlighting the current challenges. It first looks at the industry structure, presents the main players from industry as well as government, and gives an …

ONGC, OIL get freedom to price natural gas

In a significant development, the government has given national oil companies, Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL), freedom to price any additional natural gas produced from blocks given to them on nomination basis at market rates. So far, all gas

Transport, power set to cost more as govt ups gas price

New Delhi: In a move that may significantly raise your commuting costs, increase cooking gas prices and lead to a marginal hike in power tariff, the Cabinet on Wednesday more than doubled the price of natural gas controlled by the government. As a result, CNG rates in the capital are …

OIL poised to get Navratna status

Well-placed sources have hinted that Oil India Limited (OIL) is poised to gain Navratna status, a development that would not only ensure better visibility to the PSU, but reinforce its already solid credentials among partners and competitors. More important, as a Navratna company it would have additional decision making powers …

Finalisation of the scheme for rooftop PV and other small solar power plants connected to distribution network

The policy framework provided in the National Solar Mission document is to enable solar technology penetration in the country, both at a centralized and decentralized level. The Ministry had started processes on the major components through a process of consultation with various Ministries as well as other stakeholders including industry …

Oil cos brace for cyclonic fury

Cyclone Phyan Spotted 307 Km South-South-West Of Mumbai At 8:30 P.M. On Wednesday Piyush Pandey & Pradeep Pandey MUMBAI DOMESTIC oil and gas companies have taken measures to protect their operations from a tropical cyclone, named Phyan by the Indian met office, approaching India

NGO moves OIL to develop land patch

City-based voluntary organisation Cool Earth has made a request to the Oil India Ltd authorities to develop the patch of the city land measuring around 20 km in length and about 20 metres in width, in which OIL pipeline has been laid. It has further pleaded for bringing this land …

Planning Commission study says ONGC, OIL gas prices too low

A Planning Commission study has said prices of natural gas sold by the public sector companies Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) should be aligned to the price of $4.2 per million British thermal units (mBtu) decided by the empowered group of ministers (EGoM) for …

OilMin proposes 44% hike in natural gas prices

The Union petroleum ministry has proposed a 44 per cent increase in prices of natural gas sold under the administered price mechanism (APM) by state-owned Oil & Natural Gas Corporation (ONGC) and Oil India Ltd. This would take the price to $2.6 per million British thermal unit (mBtu). The ministry …

OIL looking for blocks in India, abroad

CHENNAI: Oil India (OIL), a premier public sector undertaking, is planning to acquire stakes in oil blocks in India and abroad. It would use its huge surplus cash reserves to invest in prospective blocks in South America, Africa and Australia. In an interaction with The Hindu, OIL Director (Finance) T. …

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