Oil and Natural Gas Corporation (ONGC) has said that Cairn never disputed cost recovery of royalty on crude oil production from the Barmer field before August 16, 2010, when Vedanta Resources announced buying of a majority stake in Cairn India.

A senior ONGC executive told Business Standard that his company was willing to pay 100 per cent royalty on the Barmer production but wanted it to be adj

Adani Group today said it has inked a Memorandum of Understanding (MoU) with an Australia-based firm Carbon Energy to form a joint venture to pursue Underground Coal Gasification (UCG) projects in India.

"The two firms have inked a MoU for a strategic joint venture, where they shall jointly be bidding in tendering process for UGC projects likely to be announced on tenements of Coal India (CIL),

Essar Energy has agreed to buy Royal Dutch Shell

Island Country

Has Environment Minister Jairam Ramesh, who till recently was known for his green

New Delhi: Union environment minister Jairam Ramesh would dilute environmental norms to allow 16 coal projects to take off, coal minister Sriprakash Jaiswal said on Tuesday.

Jairam Ramesh had not taken a decision by the evening but he wrote a letter to Prime Minister Manmohan Singh apprising him of the meeting between the two.

Already under pressure for delayed blending, the domestic biodiesel industry is facing another challenge in the form of imports from the US.
Last July, a shipment of 20,000 tonnes biodiesel from the US reached India.

‘Most of the formalities for setting up the 750 MW Pragati-II plant completed' BHEL to set up the 750 MW project at price of Rs.2.20 crore per MW Raj Ghat plant to be closed; Indraprastha Gas Corporation to be restructured NEW DELHI: On the lines of the 750-MW Bawana power project that has already become partly functional, the Delhi Cabinet has now approved setting up of a 750-MW Pragati

NewDelhi:Diversion of subsidised fuels is one of the major threats to the health of the oil sector, a document prepared by the oil ministry on strategy for the next five years says.

The government plans to provide kerosene, cooking gas and fertiliser subsidy to the poor by direct cash transfers on a pilot basis before the end of the current calendar year, 2011.

For the current year, according to Budget documents, petroleum and fertiliser subsidies add up to Rs 53,000 crore.

The Finance Ministry today set up a task force under Nandan Nilekani, chairman of the Unique Iden