Ministry of Petroleum and 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. …

Govt Wants Fresh Estimate of RIL’s KG-D6 Reserves

The oil ministry has asked Reliance Industries (RIL) to prepare a fresh estimate of gas reserves in satellite fields of the KG-D6 block and submit a cost assessment for developing the new discoveries, further delaying the $1.5-billion plan to raise gas output by 10 million cubic metres a day. The …

Cairn-Vedanta deal gets security clearance from Home Ministry

The Union Home Ministry has given its “security no-objection certificate” to the $8.71 billion share sale by Cairn India (CIL) to Vedanta on the national security angle but highlighted eight areas of concern, including 64 legal proceedings against Vedanta and its subsidiaries in various courts. “Independently of the above security …

Some relief: Petrol to cost 2.22 less in Delhi

New Delhi: Petrol will become cheaper by more than Rs 2 a litre across the country — depending on local taxes — from Wednesday as the government nudged staterun fuel retailers to pass on the benefit of the easing in the fuel’s bulk market price and rupee-dollar parity. TOI had …

Oil and Gas Production Stuck in Regulatory Mire

Bureaucratic apathy holds up any possible increase in oil and gas production State-run oil companies appear caught between the devil and the deep blue sea —while rising price of crude and fuel price revisions threaten to render them bankrupt, bureaucratic apathy is holding up any possible increase in oil and …

Oilmin seeks higher tax on diesel vehicles, gensets

Diesel-petrol price gap widens to . 26/l, making it attractive for users Alarmed by the galloping growth in diesel demand even as consumers and even factories are switching to the lowpriced fuel, the oil ministry is seeking a hefty tax increase for dieselfired generators and vehicles, and pushing for higher …

PDS Mess Cure Lies in IT: Nilekani

UIDAI chairman-led panel report suggests creation of Public Distribution System Network by April 2012 Apanel headed by Unique ID Authority chairman Nandan Nilekani has suggested computerisation of public distribution system (PDS) and use of cash transfers and coupons to streamline subsidy distribution. “The large focus of the report is to …

Report of the working group on Petroleum & Natural Gas Sector for the 12th Fiver Year Plan (2012-17)

A working group on petroleum & natural gas sector for the 12th Fiver Year Plan (2012-17) has been constituted by the Planning Commission with participants from different departments of Government of India, energy experts and concerned public & private sector oil companies. The working group report reviews the achievements of …

Global Consultant to Certify RIL’s $1.52B Proposal in D6 Block

Decision to further delay the project that is awaiting govt approval since 2009 RAJEEV JAYASWAL NEW DELHI A global consultant will authenticate Reliance’s $1.52-billion proposal to produce about 10 million standard cubic metres per day of gas from four satellite discoveries in its D6 block and also verify operator’s argument …

Oil Cos again pitch for fuel price hike

State-run oil marketing companies fear that they will not be able to meet the country’s fuel demand after two and a half months unless the government raises fuel prices or immediately transfers cash to compensate them for losses. State-run firms are free to raise petrol prices, which they have increased …

Oil Ministry told to allocate gas to 10 power projects

The Power Ministry has asked the Oil Ministry to allocate gas to 10 power projects that are running at half of their generation capacity due to non-availability of the fuel. “We have written to the Ministry of Petroleum and Natural Gas to provide 8 mmscmd (million standard cubic metres per …

Bawana power plant to start supply by month-end

A new power plant in Outer Delhi that could provide for a seventh of the city’s daily average electricity requirement is likely to start operations by the end of this month. The Central government has allocated gas supply for the Bawana power plant, which has been ready for operations but …

CAG raises 'red flag' against RIL

The CAG has advised the Oil Ministry to allow Reliance Industries (RIL) to recover expenditure on its eastern offshore KG-D6 field only after it has been audited.

Gas output from KG-D6 to rise by 2014: BP chief

Britain based BP on Wednesday said the output from the KG-D6 gas fields, in which it has a 30 per cent stake, could rise only in 2014 after the new fields in the area were brought into production, echoing the similar views expressed by Mukesh Ambani-owned Reliance Industries Ltd. (RIL). …

RIL, Govt Readying Plan to Ramp Up KG-D6 Output

Consultant appointed by Directorate General of Hydrocarbons to find ways to optimise production, authorities eager to reverse decline in output The government and Reliance Industries are formulating a strategy to ramp up output from the KG-D6 block by 30-35 million metric standard cubic metres a day (mmscmd) by pumping natural …

Gas pipeline projects worry villagers

GAIL, RIL pipelines will pass through about 50 villages in DK district Residents of Kariyangala and Ammunje villages of Kariyangala Gram Panchayat limits in Bantwal taluk are living under constant fear as two major gas pipeline projects namely project of the Gas Authority India Limited (GAIL) and the Relogistics Infrastructure …

RPower to commission Samalkot project ahead of schedule

Anil Ambani-owned Reliance Power is all set to commission the country's largest gas-based 2,400 MW power project at Samalkot in Andhra Pradesh ahead of schedule with the arrival of all the six gas turbines from the U.S. paving way for the project to be commissioned by December this year. When …

Oil Min to Decide on RIL Plan for KG-D6 Satellite Fields

Plan to help Reliance reverse decline in output from the deep-sea block The oil ministry will shortly consider Reliance Industries’ $1.52-billion plan to develop satellite fields in its KG-D6 block, which may deliver about 10 million metric standard cubic metres a day of natural gas in five years, government officials …

Gauhati HC issues notices to ONGC, centre, Nagaland govt

Kohima: Gauhati High Court has issued notices to Oil and Natural Gas Corporation (ONGC), Central Government and Nagaland Government to respond to a PIL, filed against the ONGC, following largescale crude oil spillage in Champang and Tssori villages of Wokha district. According to official sources here today, the High Court …

Oil min ignored DGH’s RIL U-turn

CAG Says Ministry Was Aware Of Flaws In Decision But Didn’t Do Anything The oil ministry turned a Nelson’s eye as its regulatory arm for exploration manoeuvred a U-turn to allow Mukesh Ambani’s Reliance Industries Ltd to retain the entire Andhra offshore acreage against the “written word” of the contract …

Reliance violated govt contract terms: CAG

RIL violated production sharing contract in KGD6: CAG NEW DELHI: The government's auditor has accused Mukesh Ambani's Reliance Industries Ltd of violating terms of the contract for its showcase Andhra offshore acreage and expressed doubt over the costs at which India's biggest private sector oil company contracted goods and services …

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