GV Ramakrishna recognised the thin line that divided the architects of policy from the preferment of advice. Politicians were elected to define the former; bureaucrats were responsible for the latter. GVR spoke truth to the p
Oil and gas stocks were in focus on Friday after Prime Minister Narendra Modi said that the government is committed to bring natural gas Goods and Services Tax (GST).
The government on Tuesday entrusted Ajay Prakash Sawhney, who is additional secretary in the petroleum ministry, with the charge of chairman and managing director of PSU explorer Oil India.
Finance Ministry has drawn up a list of 16 PSUs including ONGC, Oil India and Coal India for disinvestment in 2016-17 which could fetch the exchequer Rs 40,000 crore at current stock value.
TYNGD is a wholly-owned subsidiary of Rosneft Oil Company, the National Oil Company (NOC) of Russia. The acquisition is subject to relevant board, government and regulatory approvals and is expected to close by September 2016
The benefits to the Indian economy from fall in crude oil prices will be "limited" this year and domestic reforms and developments will gain focus, a report said.
The Union Cabinet had on September 2 last year approved MFP to bring idle fields of ONGC and OIL to production at the earliest so as to augment domestic production of oil and gas.
With the closing of WTI-Brent arbitrage, US upstream players including shale will benefit and a resultant shift in global refining competitiveness will favour Asia
Indian Oil Corporation (IOC) and Oil India (OIL) move comes after another Indian explorer ONGC Videsh, in September, announced buying 15% stake in Vankorneft from the Russian firm for $1.25 billion.
State-owned Oil India Ltd today reported an 11 per cent rise in its second quarter net profit at Rs 674.80 crore, helped by higher realisation on crude oil sales.
The Cabinet Committee on Economic Affairs has decided to shift to revenue sharing model for contracts instead of cost-recovery while auctioning 69 marginal oil and gas fields in the next three months.
To ensure contracts by Indian explorers that have invested billions of dollars in stakes in Mozambique’s assets are concluded, petroleum minister Dharmendra Pradhan...
India's state-backed oil producers Oil and Natural Gas Corp Ltd and Oil India Ltd may be exempt from paying subsidies to fuel retailers in the March quarter...