Ministry Of Petroleum & Natural Gas

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. …

AP bags conservation award

The Petroleum Conservation Research Association under the Ministry of Petroleum and Natural Gas has selected Andhra Pradesh for the award of best performing State amongst the big states for the oil and gas conservation programmes. The award will be presented by M.Veerappa Moily, Union Minister for Petroleum and Natural Gas …

PCRA to sensitize industries on energy efficiency

Petroleum Conservation Research Association (PCRA)- Ahmedabad, an arm of union ministry of petroleum & natural gas (MoPNG) will sensitize industries about the energy efficiency and climate change across industrial clusters in Gujarat. Under the objective of the National Mission on Enhanced Energy Efficiency, the ministry of power has made it …

Cap on Number of Subsidised LPG Cylinders Likely to be Revised Soon

The government has indicated it may revise the decision to cap the number of subsidised LPG cylinders to six a year, per household, following pressure from ruling and Opposition parties. “We are applying our mind to it. I will discuss with the prime minister and the finance minister by how …

Panel set up to resolve coal methane mining issue

An inter-ministerial panel has been set up to find a solution to the dispute between the Ministries of Coal and Petroleum on simultaneous extraction of gas and coal. The panel, headed by Member Planning Commission, Mr B. K. Chaturvedi, is expected to meet on May 16. Official sources said that …

No new gas-based power plant to be set up till 2015-16: CEA

The Central Electricity Authority (CEA) has said no new gas-based power plants will be set up in the country till 2015-16, as the natural gas output is expected to fall considerably. The CEA in a letter to states indicated that as per Ministry of Petroleum and Natural Gas reports India's …

Panel set up to clear roadblocks in oil and gas exploration operations

To look into grant of work permits for foreign nationals Seeking to remove the unreasonable roadblocks and to win the confidence of international investors in the oil and gas exploration operations, the Prime Minister's Office (PMO) has stepped in and set up a high-powered Committee of Secretaries (CoS) to examine …

Gas agency at Gokarna: HC notice to Centre, State

The High Court of Karnataka on Wednesday ordered issue of notices to the Central and State governments in connection with a petition seeking allocation of a gas agency to the coastal pilgrimage and tourist town of Gokarna. The petitioners, Shankar J Markhande and two others, had moved the High Court …

Govt. mulls action against RIL for fall in KG-D6 output

With the production from the once prolific Krishna Godavari basin D6 block of Reliance Industries Limited (RIL) projected to decline to 27 million standard cubic metres per day (mscmd) by April this year, the Government is exploring all legal options to take “penal action” against RIL for the ‘drastic fall' …

Ten blocks under NELP IX face the axe

Empowered Committee of Secretaries clears 14 blocks to the first ranked/single bidder A total of ten blocks offered under the New Exploration Licensing Policy (NELP) IX face the axe as the Empowered Committee of Secretaries (ECS) has recommended not to award them due to lower profit petroleum to the government. …

PMO meet on exploration delays in NELP blocks

Meeting notice seeks details about ENI operated block With the Petroleum and Natural Gas Ministry's spat with the Defence Ministry and the Department of Space remaining unresolved, a worried Prime Minister's Office (PMO) has convened an urgent meeting on February 27 on the delay in carrying out exploration activities in …

Action against Reliance under study: Jaipal

The Union government was contemplating action against Reliance Industries Limited (RIL) for not keeping its promise of producing 70 MMSCMD of gas (million metric standard cubic meters a day) from its D6 block in the Krishna-Godavari Basin, Minister for Petroleum and Natural Gas S. Jaipal Reddy indicated here on Sunday. …

Lanco, GMR plants face cut in gas allocation

New Delhi With the government preparing to rationalise gas distribution from RIL’s KG-D6 block in the wake of a drop in production, Lanco and GMR plants in Andhra Pradesh are a worried lot. Lanco’s Kondapalli power plant expansion and GMR Tanir Bawi power plants in Andhra Pradesh, which are earning …

Oil Minister rules out deregulation of diesel prices

Oil Minister S Jaipal Reddy today ruled out deregulation of diesel prices and said he had demanded that the government compensate state-owned oil firms for the losses they made on not raising prices of petrol. "Deregulation of diesel in entirety is very difficult proposition but at appropriate time we may …

Now, CAG to quantify loss to exchequer on RIL gas output

The next salvo from the Comptroller and Auditor General (CAG) may come in the form of year-wise figures of the loss to the exchequer because of falling gas production from Reliance Industries Ltd’s KG-D6 field. How the CAG’s Rs 1.76-lakh-crore loss figure it came out for 2G telecom spectrum allocation …

Oil min asks RIL to withdraw arbitration notice

New Delhi The petroleum ministry has asked Reliance Industries to immediately withdraw its arbitration notice against the proposed move to curtail cost-recovery at its KG-D6 gas fields, saying ‘‘as on date’’, there was no cause for such action. Partha Sarthi Das, director in the exploration divi -ion of the ministry, …

New gas policy to drive up cost of power & industrial goods

New Delhi A new policy on natural gas allocation for the next 10 years that is under discussion will benefit gas trading companies like Gail India but will make consumers pay more for not only power but also a clutch of industrial goods. It could also upset the government’s plan …

Govt panel may recommend ethanol price revision

A Planning Commission expert committee may soon recommend a revised price for ethanol, currently pegged at an ad hoc price of Rs 27 a litre. Official sources said the commission will forward this to all ministries. It will then be finalised by a group of ministers (GoM). The revised price …

PM sets up A-team to get cracking on power reforms

Pulok Chatterjee to head panel deadline set for specific targets The promoters of private power companies, including Ratan Tata and Anil Ambani, met Prime Minister Manmohan Singh on Wednesday and sought solutions to problems like acute fuel shortage, coal prices, delays in green clearances and funding. Singh assured them a …

No oil payment problem with Iran

Asserting that India was not facing any problem in making payments for the import of crude oil from Iran, Petroleum and Natural Gas Minister Jaipal Reddy on Wednesday warned that the country needed to be prepared for all eventualities. “We continue to be optimistic. Iran continues to be positive. However …

Cairn-Vedanta deal comes under a cloud

The successfully concluded $8.48-billion Cairn-Vedanta deal has come “under cloud” following instances of serious human rights violations, default of payment, environmental damage in its mining and metal projects in India, as pointed by the Internal Security section of the Home Ministry against Vedanta and its group of companies. Following the …

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