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. …
NEW DELHI: Reliance Industries has reported that natural gas production from its eastern offshore KG-D6 fields has dropped to about 32.66 million standard cubic meters per day. Gas output from KG-D6 in the week ended May 6 dropped to 32.66 mmscmd from 33.89 mmscmd in April, according to a status …
Industry body fears dwindling KG-D6 output wil lead to gas-based plants running only at 30% capacity In order to tackle the problem of scarcity of fuel at gas-based power stations and bringing down its average cost, private power producers have requested the government to pool domestic and imported natural gas. …
The Oil Ministry has refused permission to public sector oil companies for acquiring Asian Development Bank's stake in Petronet LNG Ltd (PLL) so as to keep the nation's largest liquefied natural gas importer a private company. The ADB on August 23 last year offered to sell its 5.2 per cent …
Renewable Energy Ministry Eyes OilMin’s Model For Awarding Blocks New Delhi: The government has initiated the process of putting in place a policy to auction, or award, offshore wind farms in a way that could be similar to the auction of oil and gas blocks. The ministry of new and …
June may turn out to be the luckiest month for government oil marketing companies for the third year in a row. Like the last two years, this June is also expected to see a round of price hikes in controlled fuel products. Price hikes of controlled petroleum products such as …
The move has been proposed in order to discourage consumption of subsidised diesel by personal vehicle owners The Ministry of Petroleum and Natural Gas is demanding an increase in excise duty on diesel cars with a view to discouraging consumption of subsidised fuel by personal vehicle owners. "A proposal was …
‘Fresh arbitration notice needed if it were to contest the fine' After slapping a hefty penalty of over $1 billion on Reliance Industries for failing to meet gas output targets, the Oil Ministry said the company's five-month-old arbitration notice on the issue was not valid and a fresh notice was …
The power ministry will allow producers to raise tariffs if fuel costs of new projects rise, and will not oppose a hike in domestic gas prices. The move would hurt consumers but rescue large private investments that are threatened by uncertainty over fuel and tariffs. Linking tariffs to fuel costs …
Cairn India has sought government’s permission to sell crude oil to Reliance Industries’ refinery in the special economic zone (SEZ), putting the oil ministry in a fix because such supplies are regarded as deemed exports, which are forbidden by the production sharing contract. The oil ministry has recently allowed Cairn …
NEW DELHI: A Parliamentary panel has asked oil ministry and DGH to closely monitor Reliance Industries' flagging KG-D6 gas fields saying any production decline should be supported by proper evaluation. RIL's KG-D6 fields have seen output drop by about 45% to less than 34 million standard cubic meters per day …
NEW DELHI: The oil ministry plans to take coal bed methane (CBM) pricing matters to a ministerial panel as it sees a wide gap between prices offered by customers to Reliance Industries and Essar, a move that can further delay approvals, government and industry officials said. "Reliance CBM price is …
In order to keep the nation's largest liquefied natural gas importer a private firm. The Oil Ministry has rejected public sector oil companies' plan to acquire Asian Development Bank's stake in Petronet LNG so as to keep the nation's largest liquefied natural gas (LNG) importer a private firm. The ADB …
The Central Government has directed Reliance Industries Ltd. (RIL) to sign gas sales and purchase agreement (GSPA) with NTPC and 10 other city gas distribution (CGD) companies to supply gas from the KG-D6 fields. Recently, Communist Party of India (Marxist) Rajya Sabha member Tapan Sen had, in a letter to …
Finance ministry not inclined to forego more revenue. The oil ministry has asked for a tax cut of . 6 per litre on petrol to help avoid a sharp rise in retail price of the fuel, but the finance ministry, which has already surrendered . 49,000 crore by reducing various …
New Delhi Liquified natural gas (LNG) handling terminals in the country, including the proposed ones, will have to offer a little less than a third of their total capacity for third-party use at fair and competitive terms, according to the norms being worked out by the oil ministry. The idea …
New Delhi The Supreme Court on Monday sought replies from the Centre, ONGC and others on a PIL seeking a CBI probe into the $8.48-billion Cairn-Vedanta deal, besides a direction to the government to cancel its approval for the deal on the ground that the country would lose over Rs …
The Petroleum and Natural Gas Ministry has rejected the “integrated development plan” submitted by Reliance Industries Limited (RIL) and its partner British Petroleum (BP plc) for development and production of 16 gas discoveries and instead asked it to restrict pre-development expenses only to fields that have proved commercial viability. The …
The government has approved Cairn India’s proposal to ramp up its Rajasthan block’s output by another 25,000 barrels per day after its partner in the block, public sector ONGC, has endorsed raising production would not damage the reservoir and that the infrastructure is adequate to handle 16% jump is crude …
Having failed to get a response from the ministry of petroleum and natural gas for nearly five months, Reliance Industries Ltd (RIL) on Wednesday filed a plea in the Supreme Court to seek the appointment of an arbitrator in its dispute over the D6 block in the Krishna-Godavari basin. According …
New Delhi: Taking a cue from the RBI governor D Subbarao, market leader IndianOil Corporation indulged in grandstanding on Tuesday by saying state-run retailers would raise petrol price by almost Rs 10 per litre, if the government did not reduce excise duty or did not compensate their Rs 49-crore daily …
