Over the last few months, the ministry of petroleum and natural gas (MoPNG) has cleared around 200 pending management committee (MC) resolutions involving oil and gas blocks operated by both public

Domestic gas prices may be fixed at $2 lower than the $8.8-per-unit price discovered by the Rangarajan commitee constituted to suggest changes in the production-sharing contract and future domestic gas-pricing mechanism.

Sources said the oil ministry agreed to the basic principle of gas pricing suggested by the panel, but wants it to be modified slighty to also take into account gas prices in countries such as Malaysia, Saudi Arabia, Qatar and Nigeria that account for a major portion of India's liquified natural gas imports.

New Delhi: Reliance Industries (RIL) may this month win approval for $1.45-billion investment for developing a natural gas find it has made in a Cauvery basin block off the Tamil Nadu coast several years ago.

RIL had made the only discovery in the CY-DWN-2001/2 block in 2007 and had submitted a Declaration of Commerciality (DoC) for the find, which was named D-35, in March 2010 after it carried out drilling of an appraisal well. But the DoC, a pre-requisite for developing any discovery, was never approved by the Directorate General of Hydrocarbons (DGH) which said the find was not viable at $4.2 per million British thermal unit (mBtu) gas price.

The government cleared a slew of infrastructure projects in the power and the oil and gas sectors on Monday, entailing investments to the tune of over Rs 58,000 crore.

India is unwilling to impose restrictions on its oil imports from Iran and will continue its energy ties with Tehran as long as it gets a “good deal” and logistic support, even as one national insu

New Delhi: Reliance Industries (RIL) has struck a gas pool in the first exploration well dug in more than five years in its showcase Andhra offshore field that has seen production dropping to less

Reliance Industries has agreed to a Comptroller and Auditor General (CAG) audit on KG-D6 fields and issues over scope and extent of its scrutiny have been resolved, oil secretary Vivek Rae today sa

The state industry department has asked the Odisha Industrial Infrastructure Development Corporation (Idco) to formulate the draft memorandum of understanding (MoU) to be signed with Indian Oil Corporation Ltd (IOCL) after due consultation with district government pleader to avoid litigations.

The Petroleum and Natural Gas Regulatory Board (PNGRB), the upstream regulator for the petroleum sector, had already identified nine locations in the state such as Bhubaneswar, Khurda, Rourkela, Bhadrak, Jajpur, Anandpur, Baripada, Balasore and Kamakhyanagar for development of the city gas distribution network (CGD).

The Directorate-General of Hydrocarbons (DGH) has held back approvals for work programme (WP) and budget for KG-DWN-98/3 (KG-D6) block for 2012-13 and 2013-14, seeking an explanation on various iss

It seeks Petroleum Ministry’s intervention to ensure audit of KG-D6 block is not carried out under CAG (DPC) Act

The Mukesh-Ambani-owned Reliance Industries Limited (RIL) has written to the Petroleum and Natural Gas Ministry seeking its intervention and an assurance that the audit of the KG-D6 block by the Comptroller and Auditor-General (CAG) would not be carried out under the CAG Duties, Powers and Conditions of Service (DPC) Act and that the CAG should clearly distinguish between its audit of the Petroleum Ministry and that of RIL.