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India oil output drops marginally in May, gas production dips

Last Updated: Tuesday, June 24, 2014, 18:16

India's crude oil production dropped marginally in May as a fall in output at fields operated by state-owned ONGC and OIL negated increased flows from private firms including Cairn India.

India plans to ease foreign investment in oil, gas sector

Last Updated: Tuesday, June 17, 2014, 19:39

With foreign investment almost drying up in India's oil and gas sector, Petroleum Minister Dharmendra Pradhan on Tuesday promised an overhaul to make policies predictable, transparent and fair to investors.

Govt keeping close watch on oil prices: Mayaram

Last Updated: Saturday, June 14, 2014, 12:11

The government is watching crude oil prices in the wake of Iraq crisis, Finance Secretary Arvind Mayaram said on Saturday.

Dharmendra Pradhan takes over as Oil Minister

Last Updated: Tuesday, May 27, 2014, 14:12

Hinting at pro-poor approach in dealing with fuel and gas price hike, new Oil Minister Dharmendra Pradhan on Tuesday said energy self-reliance is a pre- requisite for the country to become an economic superpower.

India to overtake Japan to become 3rd largest oil consumer: US

Last Updated: Tuesday, May 13, 2014, 17:51

India will overtake Japan to become the world's third largest oil consumer behind the US and China by 2025, US Energy Information Administration (EIA) said.

India needs multi-pronged approach to energy security: Oil Sec

Last Updated: Friday, April 18, 2014, 17:23

Oil Secy stressed for a time-bound action plans for carrying out futuristic research.

Oil regulator seeks consultants to set RIL marketing margin

Last Updated: Tuesday, April 08, 2014, 17:41

Oil regulator PNGRB plans to hire consultants to advise it on fixing the margin that natural gas marketers such as Reliance Industries and GAIL India can charge from urea manufacturers and LPG plants.

ONGC, Russia's Rosneft may join forces to send oil to India

Last Updated: Tuesday, March 25, 2014, 19:43

Rosneft, the world`s top listed oil producer by output, may join forces with Indian state-run Oil and Natural Gas Corpto supply oil to India over the long term, the Russian state-controlled company said on Tuesday.

Disappointed with India`s decision to cut oil imports: Iranian minister

Last Updated: Sunday, March 02, 2014, 21:10

Iranian Foreign Minister Javad Zarif has acknowledged that Tehran was "obviously disappointed" with India`s decision to cut oil imports following US sanctions.

Oil India board approves Indian Oil stake purchase

Last Updated: Tuesday, February 25, 2014, 18:32

The board of state-owned Oil India Ltd (OIL) has approved the acquisition of a 5 percent stake in Indian Oil Corp (IOC) from the government at a discount to the market price.

India imports 6.74 million tons of oil from Iran

Last Updated: Friday, February 07, 2014, 16:47

India imported 6.74 million tonnes of crude oil from Iran during the first nine months of current fiscal, the Lok Sabha was informed Friday.

Moily wants reassessment of India's oil and gas potential

Last Updated: Monday, January 20, 2014, 18:57

The Multi-Organisation Team or MOT will reassess the potential of all 26 sedimentary basins in the country in light of the oil and gas discoveries since 2001.