oil-ministry - Latest News on oil-ministry | Read Breaking News on Zee News
Oil ministry to seek Cabinet nod on diesel deregulation: Sources

Oil ministry to seek Cabinet nod on diesel deregulation: Sources

Last Updated: Friday, August 22, 2014, 23:21

Oil Ministry will approach Cabinet regarding the possible deregulation of domestic diesel pricing as local prices could soon reach parity with global levels, two ministry sources have said.

Secretaries panel to review gas price formula

Secretaries panel to review gas price formula

Last Updated: Friday, August 22, 2014, 18:03

Nearly two months after it put off a steep gas price revision, the government has constituted a four-member committee of secretaries to hold consultations with stakeholders before deciding on the quantum of hike.

Oil Ministry wants revenue sharing for future oil contracts

Last Updated: Thursday, August 21, 2014, 18:04

Seeking to revive interest in oil and gas exploration by simplifying rules, the Oil Ministry is looking at replacing the controversial Production Sharing Contracts (PSC) with simpler revenue-sharing regime.

Setback to OilMin: GAIL, CPCL refuse to comply with KG-D6 order

Last Updated: Tuesday, August 19, 2014, 16:26

GAIL and CPCL have expressed their inability to deduct USD 115 million from the amount due to Reliance Industries.

OilMin rebukes ONGC for making "frivolous allegations"

Last Updated: Monday, August 18, 2014, 19:41

ONGC had on May 15 filed a petition in the Delhi High Court alleging that RIL may have drawn natural gas worth thousands of crores of rupees from its fields that sit next to Mukesh Ambani-run firm's KG-D6 block Krishna Godavari basin.

OilMin says negligence caused fire at GAIL pipeline in Andhra

Last Updated: Sunday, August 17, 2014, 22:59

The Petroleum Ministry has blamed negligence for causing the devastating fire at state-owned gas transporter GAIL India Ltd's gas pipeline in Andhra Pradesh that killed 22 people.

RIL marked all correspondence with Oil Min, DGH

Last Updated: Thursday, August 07, 2014, 18:49

Reliance Industries had marked all copies of its correspondence with the Supreme Court-appointed Tribunal on KG-D6 cost recovery issue to the Oil Ministry and its technical arm DGH.

DGH rejects ONGC's three KG gas discoveries

Last Updated: Sunday, August 03, 2014, 13:07

Sources said the ministry feels that taking away the discoveries and rebidding the finds may lead to delay in development. Also, the move may attract legal challenge.

Oil Ministry wants RIL to sell gas at $4.2; $6-6.5 price for others

Last Updated: Sunday, August 03, 2014, 11:31

The new rates were to apply for gas from currently producing MA field in the same KG-D6 block as the government had accepted geological reasons forwarded by RIL for its output lagging targets.

Oil Min proposes gas price of $6-6.5 per unit, RIL may be denied new price

Last Updated: Saturday, August 02, 2014, 10:24

More than a month after it deferred a decision on raising natural gas prices, the Government on Friday said it has not taken a final decision on the issue yet.

TDP MPs meet Oil Minister

Last Updated: Friday, August 01, 2014, 01:24

A delegation of TDP MPs on Thursday met Oil Minister Dharmendra Pradhan with the allegation that guidelines of the Ministry of Petroleum and Natural Gas have been violated for appointing new LPG distributors in Andhra Pradesh and demanded and end to irregularities.

Govt seeks Rs 15,546-crore fuel subsidy from upstream cos

Last Updated: Thursday, July 31, 2014, 12:58

Indian Oil Corp (IOC) will get Rs 8,107 crore from upstream firms in fuel subsidy support for the first quarter while Hindustan Petroleum Corp Ltd (HPCL) will get Rs 3,608.88 crore.