Ministry proposed a system of revenue sharing where the govt gets paid a part of the sales proceeds the moment production starts

ONGC's giant gas field in Mozambique holds 45 to 70 trillion cubic feet (tcf) of recoverable reserves, 28% more than the minimum estimated resources when it invested $ 4.12 billion.

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), bought a 16 per cent stake in the offshore Rovuma Area 1 over the past one year.

State–owned ONGC has finally agreed to supply natural gas to 101–MW capacity Monarchak power plant that is being set up by government–run NEEPCO in western Tripura, senior officials said here on Su

The state explorer's new chairman, D K Sarraf, says some gas might not be viable at even $8 an mBtu

The government is under attack for allowing an increase in domestic gas prices from April 1 but state-run Oil and Natural Gas Corporation said on Tuesday production from its Krishna-Godavari (K-G) basin block would be barely viable at the old one.

सरकारी तेल कंपनियां जल्द ही अब सौर, पवन व अन्य अपारंपरिक ऊर्जा बनाने के क्षेत्र में कदम रखेंगी। इसकी संभावनाओं की तलाश में मंगलवार को पेट्रोलियम व प्राकृतिक गैस मंत्रलय और अक्षय ऊर्जा मंत्रलय के उपक्रमों के बीच दो समझौते हुए हैं। इन समझौतों के मुताबिक गैर पारंपरिक ऊर्जा क्षेत्र में संभावनाओं की तलाश के लिए दो विशेष कंपनियां (एसपीवी) स्थापित की जाएंगी।

In a bid to boost renewable energy generation, oil giants like ONGC and Indian Oil Corp will form new companies to set up large sized solar and wind energy projects in India and abroad.

The Government has decided to set up two special purpose vehicles (SPVs), headed by ONGC and Indian Oil Corporation (IOC), to set up renewable projects.

Statement of the Minister of State in the Ministry of Petroleum and Natural Gas Smt. Panabaaka Lakshmi in response to Rajya Sabha unstarred Question No. 2618 for 18th February, 2014, asked by Shri Ajay Sancheti regarding distortions in pricing of petroleum products.

The expenditure on subsidies for food, fertiliser and fuel for 2014-15 is budgeted at Rs 2,46,397 crore, as against Rs 2,45,452 crore in the revised estimates

The biggest mystery on the day of the interim Budget had to do with the rollovers for the next financial year on the subsidy front. While the fertiliser, food and petroleum sectors were demanding more money, Finance Minister P Chidambaram insisted that there would be no rollovers, except for Rs 35,000 crore on fuel subsidy.

Coming down heavily against Delhi chief minister Arvind Kejriwal for ordering an “unconstitutional” FIR against him and others for raising gas prices, Oil minister M Veerappa Moily on Friday said t

Pages