NGO Common Cause, others, allege mala fide conduct by RIL

The Supreme Court on Monday issued notice to the Centre, Reliance Industries and others on a public interest litigation petition filed by NGO Common Cause and others seeking a direction to the Union of India to cancel the production sharing contract (PSC) between Reliance Industries Limited (RIL) and NIKO Resources for extracting gas in the KG-D6 block.

A bench of Justice H L Dattu and Justice M I Iqbal on Monday upheld Gujarat high court's order passed last year

The Supreme Court on Monday has directed the Union government to provide compressed natural gas (CNG) to Gujarat on the same rate as it is given to Delhi and Mumbai.

Notices issued to Centre, DGH, CBI, Reliance and Niko on a few petitions

The Supreme Court today issued notices to the Centre, DGH, CBI, Reliance and Niko on a few petitions raising the issue of KG basin gas pricing and related issues.

Says state transport undertakings may soon get subsidised diesel

Making a partial U-turn on the recently-introduced policy of a dual-pricing system for diesel, Petroleum Minister M Veerappa Moily on Tuesday said the government might soon supply subsidised diesel to state transport undertakings (STUs).

To cut down the outflow of dollar and increase the rupee trade for purchase of more crude oil from Iran, the Finance Ministry has asked the Petroleum Ministry to take immediate steps to make the En

The Cabinet Committee on Economic Affairs is likely to take up on Thursday the Power Ministry’s proposal for a Rs.11,000 crore subsidy payout to cover the hiked electricity tariffs on account of th

The government auditor wants to know steps taken to ensure that the firm delivers gas at $4.2 mbtu

The Mukesh Ambani-owned Reliance Industries Limited (RIL) is in for more trouble as the Comptroller and Auditor-General has questioned the Petroleum and Natural Gas Ministry over the recent gas price increase and wanted to know the steps taken to ensure that the operator (RIL-BP) delivers gas at $4.2 mbtu as per the approved production plan.

Contracts to be awarded in the next few months: Chairman

A host of contracts for the five million tonne per annum liquefied natural gas terminal proposed in Ennore are to be awarded over the next few months with Indian Oil Corporation, which is setting up the project, deciding to go ahead with the construction.

Another PIL has been filed in the Supreme Court seeking cancellation of the contract awarded to Reliance Industries Ltd (RIL) and Canada-based NIKO Resources for exploration and production of natur