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. …

Moily says no going back on gas price hike decision

Coming down heavily against Delhi chief minister Arvind Kejriwal for ordering an “unconstitutional” FIR against him and others for raising gas prices, Oil minister M Veerappa Moily on Friday said the government will not go back on its decision to hike rates from April 1. “Where is the question of …

Despite FIR Threat, Oilmin to Implement new Gas Rates

Ministry accepts in principle RIL formula to calculate bank guarantees, talks to be held today Unfazed by Delhi Chief Minister Arvind Kejriwal’s move to register a corruption case against Oil Minister Veerappa Moily and Reliance Industries Chairman Mukesh Ambani for their alleged collusion in doubling the price of natural gas, …

RIL violated contract with govt, said CAG

The federal auditor in 2011 accused RIL of violating the terms of contract for the KG-D6 block off the AP coast but did not talk about loss to exchequer or impact on gas price. The CAG report on a special audit of RIL books for 2006-2008, when most major equipment …

Kejriwal fires salvo against Moily, Mukesh on gas pricing

Delhi Chief Minister Arvind Kejriwal on Tuesday ordered the filing of an FIR against Union Petroleum Minister M. Veerappa Moily, former Minister Murli Deora, Reliance Industries Ltd. (RIL) chairman Mukesh Ambani and former Director General of Hydrocarbons V.K. Sibal for alleged collusion in fixing natural gas price through hoarding in …

CAG Seeks Explanations For Delay in KG-D6 Audit

The Comptroller & Auditor General (CAG) of India has asked the oil ministry to explain the delay in approving audited accounts of Reliance Industries-operated KG-D6 block since 2008-09, which the company said is affecting investor confidence. While Reliance accused the Directorate General of Hydrocarbons (DGH) for raising minor issues to …

Babus not keen to ride Moily bus

Seems like oil minister Veerappa Moily doesn’t like travelling alone on public transport. The transport commissioner has written to all Delhi government departments, including universities and colleges, asking employees to observe Wednesdays as “bus day” and use public transport. The missive comes after a petroleum ministry communication. The circular, issued …

CNG, piped gas set to be cheaper across India

Govt to meet city distribution firms' full requirement through domestic gas; prices fall 30% in Delhi In a move that will bring down the prices of compressed natural gas and (CNG) for transport and piped natural gas (PNG) for domestic use across the country — by about 30 per cent …

Centre for Science and Environment (CSE) welcomes Mr Moily’s decision to slash CNG prices

Press Release Centre for Science and Environment (CSE) welcomes Mr Moily’s decision to slash CNG prices. Says the step will help public transport and clean up the air New Delhi, February 3, 2014: CSE has welcomed the decision of the oil and environment minister Veerappa Moily to reduce the price …

AAP Wants More CNG for Transport

The Delhi government headed by the Aam Admi Party wants the Supreme Court to hold two Union petroleum ministry officials guilty of contempt over what it says is the inadequate allocation of compressed natural gas or CNG to transport and giving priority to industry instead. This opens up a possible …

Ministry Seeks Cabinet Nod for Open Licensing Policy with Nelp

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 …

HC notices to GGCL, govt on cheaper gas issue

SURAT: Gujarat high court on Thursday issued notices to the ministry of petroleum, Government of India, GAIL and Gujarat Gas Company Limited (GGCL) in a petition filed by Surat Citizen Council Trust (SCCT) and Southern Gujarat Chamber of Commerce and Industry (SGon the issue of injustice being meted out to …

HC stays petroleum regulation board’s order against RGTIL

The Delhi High court on Wednesday issued a stay on an order issued in November by the Petroleum and Natural Gas Regulation Board for “virtual transport” of Liquified Natural Gas from the west coast to east coast in a swapping transaction between Reliance Gas Transportation Infrastructure Ltd (RGTIL) and GMR …

Moily sets up team to reassess hydrocarbon resources

Moving to re-assess the oil and gas potential of the country, Petroleum and Natural Gas Minister Veerappa Moily on Monday announced setting up of a Multi Organisation Team (MOT) to carry out the re-assessment of hydrocarbon resources in all 26 sedimentary basins. The assessment is to be completed within 30 …

Kelkar panel backs production-sharing model for gas and oil exploration

The committee led by former finance secretary Vijay Kelkar, tasked to come up with recommendations for making India energy independent, has suggested the continuation of the current production-sharing contract (PSC) model that allows cost recovery by exploration and production (E&P;) firms. This comes at a time when the government is …

Rangarajan’s formula for KG gas price not a reality for DGH yet

The government may have approved the Rangarajan formula that could nearly double the price of domestically produced natural gas starting FY14 given the current rates of benchmark prices cited, but the upstream hydrocarbon regulator doesn’t seem to concur. In what virtually deprives Reliance Industries (RIL) of two gas discoveries — …

Guj HC issues notice to petroleum ministry over CNG supply

Notice issued to MoPNG on a contempt plea filed by Dhrangadhra Prakrutik Mandal Gujarat High Court on Tuesday issued notice to the ministry of petroleum and natural gas (MoPNG) on a contempt plea filed by Dhrangadhra Prakrutik Mandal over short supply of compressed natural gas (CNG) for domestic and vehicular …

Exploration Policy Gives More Power to Energy Companies

Permits operators to club discoveries of 2 or more blocks for optimum output India’s proposed exploration policy seeks to give energy companies greater flexibility by eliminating the key role of the management committee headed by the director general of hydrocarbons in approving financial decisions. It also permits operators to club …

MoEF blames ONGC for Uran oil spill

New Delhi: The Union environment ministry has indicted ONGC for the oil spill that was reported off the Uran coast near Mumbai in October. It has asked the petroleum ministry to take action against those responsible for not adhering to crucial monitoring norms in the public sector oil major despite …

Higher gas price for RIL gets Cabinet nod

Company to furnish $135 m bank guarantee every quarter The Cabinet Committee on Economic Affairs (CCEA), on Thursday, approved giving Reliance Industries Ltd. (RIL) a higher price for natural gas from April next, subject to the company furnishing $135 million bank guarantee every quarter. According to the proposal approved by …

Allocation and pricing of gas: Standing Committee on Petroleum & Natural Gas (2013-14)

Standing Committee on Petroleum & Natural Gas present this Nineteenth Report on "Allocation and Pricing of Gas". The Committee took evidence of the representatives of the Ministry of Petroleum & Natural Gas at their sittings held on 24.7.2013 and 20.08.2013. The Report was considered and adopted by the Standing Committee …

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