New Delhi: Ahead of the meeting of panel of ministers on natural gas, a body of oil and gas producers like Reliance Industries has opposed pre-allocation of the scarce fuel saying it distorts demand-supply equation and eliminates possibility of discovering free market price of gas. An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee is likely to meet on Friday to consider changes in the natural gas...
09:06 AM, Feb 24, 2012
New Delhi: Price of Compressed Natural Gas (CNG) may be hiked by up to Rs 2 per kg in the next few days as rupee devaluation has pushed up input cost. City gas retailers including Indraprastha Gas Ltd, which supplies CNG to automobiles and piped cooking gas to households in the national capital, are likely to announce fuel price revision over the weekend, sources privy to the development said. IGL...
05:51 PM, Dec 26, 2011
New Delhi: Reliance Industries and UK's BP Plc on Friday announced incorporation of India Gas Solutions Pvt Ltd, a 50:50 joint venture company for sourcing and marketing of natural gas in India. The joint venture is part of the agreement reached in February where BP picked up 30 per cent stake in 23 oil and gas blocks of Reliance Industries, including the showpiece KG-D6 gas fields. "The joint venture company...
05:47 PM, Nov 18, 2011
New Delhi: Cairn India has discovered natural gas reserves in the very first well it has drilled in the offshore Mannar Basin of Sri Lanka. Cairn had spud the well in early August and natural gas was struck last week, the company said. The Mannar basin in Sri Lanka is a frontier petroleum province that is yet to be explored. The Block, SL 2007-01-001, was awarded to Cairn in the...
03:14 PM, Oct 02, 2011
New Delhi: Natural gas containing almost 95 per cent Methane has been leaking from an ONGC well at Konaban village in western Tripura for the last six days. The leakage started on the evening of June 14, when ONGC personnel and engineers were engaged in routine maintenance work at the pipelines and gas well. The outflow of the gas has not been sealed till now due to high pressure of...
12:23 PM, Jun 20, 2011
In banquets across India, it is customary for the diners to chew on cumin (jeera) after the meal to benefit from its digestive powers. But for a bunch of commodity traders in November 2010, it was indeed the main course. On the 18th of that month, rains lashed Saurashtra, the main cumin growing region in India. It was clear that 2011 would be a year of cumin shortage; prices would...
03:59 PM, Jan 21, 2011
In banquets across India, it is customary for the diners to chew on cumin (jeera) after the meal to benefit from its digestive powers. But for a bunch of commodity traders in November 2010, it was indeed the main course. On the 18th of that month, rains lashed Saurashtra, the main cumin growing region in India. It was clear that 2011 would be a year of cumin shortage; prices would...
12:08 PM, Jan 14, 2011
The letter says the ADAG ad is an attempt to destroy RIL's value. ...
10:02 PM, Aug 24, 2009
PMO says Manmohan Singh will not intervene in the gas war. ...
06:48 PM, Aug 22, 2009
Anil Ambani has accused the Government of favouring Mukesh. ...
10:22 AM, Aug 22, 2009
The row is over supply, pricing of natural gas from Krishna Godavari basin. ...
02:36 PM, Jul 20, 2009
The Govt in a petition before SC says MoU between the Ambanis is illegal. ...
09:46 PM, Jul 18, 2009
FM extended the tax exemption on profits in the natural gas sector. ...
01:22 PM, Jul 06, 2009
London: Former New Zealand cricket captain Chris Cairns told the High Court in London on Monday that an accusation of match-fixing had reduced his career to dust and strained his marriage. Cairns, 41, is suing Lalit Modi, the former chairman of Twenty20 franchise the Indian Premier League (IPL), for substantial libel damages over an unequivocal allegation made on Twitter. His lawyer, Andrew Caldecott, told judge David Bean, who is hearing...
09:20 PM, Apr 30, 2008
Oil ministry has made it clear that market price for natural gas will prevail and the age of cheap gas is over. ...
11:22 AM, Nov 03, 2006
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