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Tissue paper, cucumber, gas among 199 new items in WPI basket

The government on Friday released the new series of the WPI with change in base year to 2011-12 from 2004-05 and after rejigging the items in the basket for making the index more reflective.

ONGC eyes 17% jump in crude output, 66% in gas by 2022

The nation's biggest oil and gas producer has prepared 'Roadmap' for Import Reduction.

Qatar restarts development of world's biggest gas field after 12-year freeze

Qatar restarts development of world's biggest gas field after 12-year freeze

Qatar has lifted a self-imposed ban on development of the world`s biggest natural gas field.

Core sector growth slows down to 1% in February

Core sector growth slows down to 1% in February

The growth of eight core sectors slowed down to 1 percent in February mainly due to contraction in output of crude oil, natural gas, refinery products, fertiliser and cement.

 

ONGC seeks gas price review; wants floor rate fixed at $4.2

ONGC seeks gas price review; wants floor rate fixed at $4.2

State-owned Oil and Natural Gas Corp (ONGC) has sought a review of the natural gas pricing formula as rates have dropped below cost.

OilMin moves Cabinet to get RIL, ONGC pricing freedom

OilMin moves Cabinet to get RIL, ONGC pricing freedom

In a boost to firms like Reliance Industries and ONGC, the oil ministry has moved a proposal to the Cabinet for allowing pricing freedom for natural gas produced from coal seams.

Price of Natural gas to get hike of 8% from 1 April

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Reliance Industries-ONGC gas row: Arbitration next port of call

Reliance Industries-ONGC gas row: Arbitration next port of call

As oil regulator DGH finalises the amount Reliance Industries may have to pay for producing ONGC's gas, the matter appears headed for arbitration owing to the premise used by AP Shah Committee that went into the issue.

IGL cuts CNG, PNG rates after cut in domestic natural gas price

With the government cutting the price of domestic natural gas, state-run Indraprastha Gas Limited (IGL) on Sunday announced a reduction in the selling prices of compressed natural gas (CNG) and piped natural gas (PNG) in Delhi and the NCR cities of Noida, Greater Noida and Ghaziabad with effect from midnight.

Gas price for industrial use cut by 18%

Price of natural gas, used for generating power, making fertiliser and supplying CNG, was on Friday cut by 18 percent to USD 2.5 per million British thermal unit, fourth reduction in 18 months.

ONGC Board approves pact to take stake in GSPC gas block

ONGC Board approves pact to take stake in GSPC gas block

The Board of Oil and Natural Gas Corp (ONGC) at its meeting on September 8 approved signing of an MoU for taking a stake in Gujarat Petroleum Corp Ltd's (GSPC) difficult gas block, sources privy to the development said.

Indian Oil, GAIL to take 49% stake in Adani Group's Dhamra LNG project

Indian Oil, GAIL to take 49% stake in Adani Group's Dhamra LNG project

State-owned refiner Indian Oil Corporation (IOC) and gas utility GAIL India Ltd Wednesday signed pacts to take 49 percent stake in Adani Group's Rs 6,000-crore Dhamra LNG project in Odisha.

July core sector growth at 3.2% vs 5.2% in June

July core sector growth at 3.2% vs 5.2% in June

Infrastructure sector grew at 3.2 percent in July mainly because of improvement in performance of energy sector, especially refinery output.

Shah panel submits report on compensation from RIL to ONGC

Shah panel submits report on compensation from RIL to ONGC

Justice AP Shah Committee Wednesday submitted a 'comprehensive report' on the compensation Reliance Industries should pay to ONGC for producing state-run firm's gas for the past seven years.

ONGC hires consultant to assess reserves in GSPC KG gas block

State-owned ONGC has hired US-based consultant Ryder Scott to assess natural gas reserves in Gujarat State Petroleum Corp's (GSPC) Deendayal block before deciding to buy a stake in it.

Shah panel to submit report on ONGC-RIL gas dispute by August 31

Government has extended by one month the tenure of A P Shah Committee looking into the dispute over natural gas migrating from state-owned ONGC's idle blocks in KG basin to neighbouring fields of Reliance Industries.

Govt may cut gas price for producers by 20% in October

Govt may cut gas price for producers by 20% in October

Natural gas price paid to producers like state-owned Oil and Natural Gas Corp (ONGC) and Reliance Industries is likely to fall 20 percent to USD 2.45 in October.

NITI Aayog to unveil National Energy Policy in 3 months

NITI Aayog is likely to unveil the new National Energy Policy in the next three months with a focus on air quality issue, renewable energy, natural gas, universal electrification and clean cooking fuel.

India finds promising natural gas hydrates in Bay of Bengal

India finds promising natural gas hydrates in Bay of Bengal

The discovery, called the Indian National Gas Hydrate Programme Expedition 02, was the result of the most comprehensive gas hydrate field venture in the world made up of scientists from India, Japan and the US, it said in a statement.

RIL, BP spend Rs 4,500 crore to maintain gas output at KG-D6

RIL, BP spend Rs 4,500 crore to maintain gas output at KG-D6

RIL-BP are currently producing from Dhirubhai-1 and 3 gas field and MA oil and gas field, three of the over one-and-half dozen discoveries made in the Bay of Bengal Block KG-DWN-98/3 or KG-D6.