India will have a new policy to auction hydrocarbon assets for exploring oil and gas reserves

INDIA wants to strengthen energy ties with top OPEC exporter Saudi Arabia, the country

Himanshu Bhatt | TNN

Surat: Historical records say that from early 20th century, entrepreneurs of the city proved their worth under the British Rule and supplied i n d i g e - nous machineries to the ind u s t r y, a g riculture and other sectors. One such creation was crude oil engine by a Surti industrialist Ratilal Nanavati in 1931-32.

Ajay Modi / New Delhi March 1, 2010, 0:12 IST

OMCs also worried at seeming setback to any early move to cut underrecoveries on retailed fuel.

The impact of the recommendations of the expert group on pricing of petrol, diesel, kerosene and LPG on the poor and on the price level should be no more than that of present policy and most likely smaller over time. The group has recommended freeing petrol and diesel prices and some increases in prices of kerosene and LPG.

NEW DELHI: India and Hungary on Tuesday inked an agreement for oil and gas exploration and decided to strengthen cooperation in the information technology (IT) sector. Both countries also agreed to work for increasing the level of trade to $1 billion by 2012.

As Government mulls hiving off Oil and Natural Gas Corp

Byju Aryad

KOCHI: The Oil and Natural Gas Corporation (ONGC) has officially announced that the drilling off Kochi in the Kerala-Konkan basin, the oil well KK4C-A at a distance of 70 nautical miles from the coast, was abandoned and added that efforts to extend the exploration in the basin will continue.

Vladimir Radyuhin

With the launch of a major oil pipeline from Eastern Siberia to the Pacific Ocean, Russia can now ship oil to not only its traditional customers in Europe but also the ever-growing energy markets in Asia.

Voluntary organisation Friends of Assam and Seven Sisters (FASS) has embarked on another mission to facilitate public consultation in an organised manner to guide the Petroleum industry of the NE region towards developmental and pro-people activities.