Over 4,261 MW of power would be generated in the Northeastern region during the 11th Plan period in order to meet the increasing power requirements of the eight states, Union Power Minister SushilKumar Shinde announced here on Friday.

The North-east India Energy Summit 2008 was held in Guwahati on March 29.

India's largest crude oil producer Oil and Natural Gas Corporation (ONGC) is on the verge of reporting "losses' on every barrel of crude oil that it sells due to the high subsidy burden that it

Australian construction company Leighton Holdings Ltd on Tuesday announced that it has bagged a contract from Oil and Natural Gas Corporation worth $720 million for building an oil and gas pipeline in

DEBATE While the rise of alternative technologies will provide a breather, a number of factors may yet contribute to further volatility. Deepak Mahurkar Associate Director - Oil & Gas, PwC

On Monday morning, crude prices touched $111 a barrel in Asian markets. It was only last week that they reached an all-time high of $110.

India's first coal-to-liquid (CTL) project rolls off.

Global oil prices may decline if recession in countries that are major consumers lasts long, according to Karin Kneissl, an energy analyst and freelance journalist based in Vienna, Austria.

DAY-2 BUDGET 2008-09 IMPACT/ OIL AND GAS The exclusion of petroleum and natural gas from the broad category of "mineral oil' has put players in the oil and gas sector in a tizzy. Producers of oil and gas and refiners of crude oil were claiming an income tax exemption under Section 80-IB (9). The Budget proposes an amendment to this section, which says "mineral oil does not include petroleum and natural gas'. ONGC, the country's largest oil and gas production company, is estimated to save close to Rs 4,000 crore annually through this window. Companies slated to begin oil and gas production were planning to seek tax exemptions under this provision. "There is just no clarity on the issue. It contradicts commitments made under Nelp agreements. We will be formally seeking a clarification from the finance ministry,' said a senior official with Reliance Industries.

Finally, there is some respite for CNG users in Ahmedabad and Vadodara. Barely a month after hiking prices by 14 per cent, Adani Energy has decided to partially roll-back prices from Friday midnight. The company has decided to reduce CNG prices by Re one per kg, which means that CNG will be sold at Rs 28 per kg now. State-owned gas distribution company Hindustan Petroleum Corporation Ltd (HPCL) has also decided to slash prices by Re one. S Tamprapani, senior vice president, Adani Energy Ltd confirmed the rollback in gas prices. Earlier this month, Adani had jacked up CNG prices by Rs 3.5 per kg.