Dismissing apprehensions over safety of the 503-km LNG pipeline project from Kochi to Mangaluru, Gas Authority of India Ltd (GAIL) on Friday told the Kerala High Court no alternative route is possible for the project in the Malappuram and Kozhikode districts.
A day after the state cabinet decided not to allow financial sops to IOCL ‘s 15 MMTPA Paradip refinery , finance minister Pradip Kumar Amat justified the move in the assembly on Thursday
The Board of state-owned ONGCBSE 0.03 % has approved signing of definitive agreements for buying debt- laden GSPC’s entire 80 per cent stake in KG-basin natural gas block for $ 1.2 billion.
Oil prices held gains on Friday on data showing US stockpiles rose for a seventh straight week but at a pace that was well below expectations, and news of oil being sold out of storage in Southeast Asia.
Crude oil exports in the US hit a record high, delivering a million barrels a day for the consecutive second week, and filled the gap in the world markets, which was created by OPEC cutbacks.
ONGC has been given an assurance by the Gujarat government that the national explorer will get at least $6/mmBtu for the gas from the Deen Dayal West (DDW) block in the Krishna Godawari basin in the first year of production.
The future of Rs 35,000-crore oil refinery of Indian Oil Coporation at Paradip is now in jeopardy after the Odisha government on Thursday said it was unable to provide a 99-year-interest-free unsecured bond to the oil PSU.
Babulwadi, a small village located in the Rajapur Taluk of Maharashtra’s Ratnagiri district, is set to host the world’s largest refinery and petrochemicals complex
Rising global oil prices will not pose a serious risk to the economy if they remain within the range of USD 55-65 a barrel, said chief economic adviser Arvind Subramanian.
Petroleum and Natural Gas Regulatory Board becomes dysfunctional due to lack of replacements for retiring members
Lack of replacements for the retiring members in the past one and a half years has left Petroleum and Natural Gas Regulatory Board (PNGRB), the nation’s downstream regulator, with just one member, making the board dysfunctional that can potentially delay the latest round of award of rights to build pipeline in eight districts.