African country allows cost recovery for firm’s export-oriented gas asset
In what can be seen as a positive move for Petronet LNG, the company may not have to pay penalty…
Cairn India has reduced its capital expenditure programme for the current financial year by 40%, a move that could accelerate…
Existing law frees prices but govt doesn’t allow it, wants to permit this for new firms
Starting this month, you would not need to leave cash with your maid or security guard to pay when the…
Finance ministry believes market not mature enough yet
In a significant policy shift, Indian Oil Corporation (IOC) has decided to buy crude oil from Indian traders in the…
The company plans to produce ‘substantial’ natural gas in three years from the Barmer block
With oil at a low and the discount for Barmer crude having widened, the explorer is hard-pressed to maintain output
We are confident of maintaining production from the Rajasthan block at FY15 levels. A large part of capex for the…
In order to speed up gas production from coal bed methane (CBM) blocks, the petroleum ministry has allowed Coal India…
The petroleum ministry is facing an acute problem of lack of enough experienced hands.
Indian Oil Corporation (IOC) is targeting to more than double its pipeline network in the country by 2021-22 at a…
Losses on inventory and forex front drag down gross refining margins of the state-run oil major
The petroleum ministry has decided to drop a plan to increase the government’s share of revenue from the 28 small…
Its $2.4-billion investments in the UK-listed Imperial Energy’s assets in Russia’s Tomsk region since 2009 may have came a cropper…
While PSU alleges gas theft by Reliance Industries in KG basin
Government-owned explorer ONGC is finding itself in a tough spot as it has realised that a part of its offshore…
