Assam will soon set up a gas-based thermal power plant; which for the first time will use 'waste' gas as its fuel.

In December 2012, the Rangarajan Committee submitted its report on "Production Sharing Contract (PSC) Mechanism in Petroleum Industry". The report, inter- alia, recommended a formula for pricing of domestically produced gas.

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.

OVL-OIL consortium to spend $103.2 million in two blocks that it won in August 2013

ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have signed contracts to explore oil and gas in two areas in Bangladeshi waters.
An equal joint venture of OVL, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), and OIL on Monday signed production sharing contracts (PSC) for shallow water blocks SS-04 and SS-09 in Bangladesh.

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.

National Green Tribunal on Tuesday sought a response from the Centre and Assam government on a petition alleging that work of some state-owned companies in and around the Dehing-Patkai wildlife san

The oil ministry that has approached the Cabinet for its approval to launch the next round of annual oil and gas block auctions is simultaneously seeking its clearance for a policy that would allow

The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved the much-awaited coal block auction policy for private companies that for the first time will allow companies in the power, ceme

The Cabinet is likely to consider on Tuesday a policy for exploration of shale oil and gas, which will initially allow state-owned Oil and Natural Gas Corporation and Oil India to tap the unconvent