Oil & gas
Oil companies propose laying pipelines along rail tracks
23 Aug 2014
The oil companies have proposed using railway land to lay oil pipelines along side railway tracks for a fee
Govt sets up four-member panel to review gas pricing mechanism
22 Aug 2014
The panel will hold consultations with stakeholders before deciding on the quantum of hike, which will be announced by 30 September
ONGC’s domestic gas production down 9% in July
22 Aug 2014
Cairn India gets green nod to hike oil, gas output at Rajasthan block
21 Aug 2014
Cairn India expects its gas reserves in Barmer to be 3 trillion cubic feet, which is almost equal to Reliance Industries’ reserves in the Krishna-Godavari basin in India’s east coast
Apache makes Australia’s biggest oil discovery in decades
18 Aug 2014
Apache Corp's first oil discovery in Australia’s Canning basin, off the western coast, could turn out to be the country’s biggest find in decades
Adani combines with state-run firms to bid for urban piped gas supply
12 Aug 2014
Adani Gas has teamed up with state-run Indian Oil Corp and gas supplier GAIL to bid for licenses to retail CNG and piped cooking gas in 14 Indian cities, including Bengaluru and Pune
Russia’s Rosneft, ExxonMobil start joint drilling despite US sanctions
11 Aug 2014
The Kara Sea oil province, with estimated oil and gas reserves in excess of the Gulf of Mexico, the Brazilian, Alaskan and Canadian Shelves, would match the resource base of Saudi Arabia
LIC questions Cairn India’s $1.25 billion loan to Sesa Sterlite
04 Aug 2014
LIC, which owns 9.09 per cent shares worth Rs5,382 crore in Cairn India, wants to know the economics of lending at 3.5% at a time when a 2-year bank deposit fetches 9-9.5% interest
Hike in gas price likely soon, but not for under-producing Reliance
02 Aug 2014
The petroleum ministry is reported to be looking at a $6-6.5 per unit price for domestically produced gas, lower than the price decreed by the former UPA government
India, Japan plan joint LNG trading
01 Aug 2014
OMCs made Rs26,626 crore in 2007-12 by overcharging customers: CAG
19 Jul 2014
State-run fuel marketing companies - Indian Oil, HPCL and BPCL – also added notional charges such as insurance, freight, wharfage, ocean loss etc fuel costs to earn an extra Rs50,513 crore between 2007 and 2012
Former SC judge G S Singhvi to represent govt in RIL gas price arbitration
18 Jul 2014
RIL and its partners, BP Plc and Niko Resources have served a pre-arbitration notice on the government, which deferred gas price revision for a second time
US consultant to verify ONGC-RIL claims over Krishna-Godavari gas
17 Jul 2014
The centre has appointed an international petroleum consultant, to assess ONGC's claim that Reliance Industries, is drawing gas from the state oil explorer's east coast fields
Govt disallows another $579 mn of RIL’s KG-D6 block costs
14 Jul 2014
The petroleum ministry is not bound to accept investment claims unless Reliance and its partners, BP and Niko Resources, meet production targets
Kurdish forces seize 2 north Iraq oilfields
12 Jul 2014
An oil ministry spokesman in Baghdad described the takeover as dangerous and irresponsible and called for the Kurdish forces to withdraw immediately
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Market predator Hindenburg preys on Adani stock
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Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
