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Economic Survey for market pricing of natural gas

Last Updated: Wednesday, July 09, 2014, 19:47

Weeks after the new government deferred a decision on revising natural gas prices, the pre- Budget Economic Survey Wednesday called for market-linked pricing to boost domestic oil and gas exploration, and production.

Gas allocation to be rejigged, CGD projects to get 1st priority

Last Updated: Monday, July 07, 2014, 16:05

Presently, urea-manufacturing fertiliser plants have the first right over the domestically produced gas, followed by LPG plants and power stations.

Minor gas leak from ONGC well in Andhra Pradesh; plugged

Last Updated: Thursday, July 03, 2014, 12:02

A minor gas leakage was reported from one of the wells of ONGC at Kasanapalli in East Godavari district of Andhra Pradesh, which has been brought under control, a senior officer said.

Govt to start consultations afresh on raising gas prices

Last Updated: Sunday, June 29, 2014, 12:33

Gas producers want gas prices to be raised as they feel the current USD 4.2 per mmBtu rate is insufficient to make discoveries economically viable to produce.

ONGC to invest Rs 5,700 crore in Mumbai High North development

Last Updated: Friday, June 27, 2014, 19:30

State-owned Oil and Natural Gas Corp (ONGC) Friday said it will invest over Rs 5,700 crore in redevelopment of its giant Mumbai High (North) oil and gas field off the west coast.

'Need to fix anomalies in Ranga formula before revising rates'

Last Updated: Friday, June 27, 2014, 14:22

Days after the government put off natural gas prices hike by three months, Power & Coal Minister Piyush Goyal said there were anomalies in the proposed formula which needed to be fixed before revising rates.

ONGC shuts some wells in East Godavari post GAIL pipeline fire

Last Updated: Friday, June 27, 2014, 11:07

GAIL has shut the recently built 18-inch pipeline following the fire.

Unfair to expect gas price decision by new govt so soon: ONGC

Last Updated: Thursday, June 26, 2014, 18:13

The UPA government-approved formula, if implemented, would have increased power tariffs by Rs 2 per unit and CNG rates by Rs 12 a kg.

Govt defers decision on natural gas prices by 3 months

Last Updated: Wednesday, June 25, 2014, 20:40

In a setback to gas producers like Reliance Industries, the government on Wednesday postponed revision in natural gas prices by three months pending a "comprehensive" review to make a controversial pricing formula more palatable.

Govt to slap additional penalty of $578 million on RIL

Last Updated: Wednesday, June 25, 2014, 15:41

The government plans to impose an additional penalty of USD 578 million on Reliance Industries for producing less-than-targeted natural gas from its eastern offshore KG-D6 block.

CPI attacks NDA govt on natural gas, LPG price hike issues

Last Updated: Tuesday, June 24, 2014, 21:50

CPI on Tuesday attacked the government for considering hiking natural gas prices, LPG, sugar and public service charges.

Second high level Cabinet meeting on gas price today

Last Updated: Tuesday, June 24, 2014, 09:10

The second high level Cabinet meeting on gas prices is scheduled to be held on Tuesday. Principal Secretary Nripendra Misra will be chairing the meeting.