Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …
New Delhi India's natural gas production dropped nearly 15 per cent in September as Reliance Industries eastern offshore KG-D6 field continue to decline. Gas production at 3.36 billion cubic meters in September was 14.8 per cent lower than 3.95 bcm a year ago, according to latest data released by the …
Oil Ministry says CAG can’t do performance audit of the company After months of intense stand-off, the Oil Ministry has given nod to Reliance Industries’ plans to raise natural gas output from the flagging KG-D6, and agreed that CAG cannot do a performance audit of the company. The Ministry, on …
Gujarat State Petroleum Corp (GSPC) going solo in acquisition of British energy major BG Group's stake in Gujarat Gas Co Ltd (GGCL) was a result of Oil Ministry blocking its PSUs from joining the Gujarat government firm. Originally, a consortia of GSPC, Oil and Natural Gas Corp (ONGC) and Bharat …
Business: Holding out hope for the future of Reliance Industries’ showcase KG-D6 hydrocarbon assets and India’s mining and energy industries, the government and the company have agreed on a development plan for the block, which has seen a precipitous decline in gas output. The RIL-BP consortium can now go ahead …
Clears KG-D6 investment plan RIL also allowed to declare commerciality of certain wells in NEC 25, KG-D6 The face-off between the government and Reliance Industries Ltd (RIL) is nearing an end, with the petroleum ministry agreeing to exempt the country’s largest private sector petroleum company from a performance audit. Simultaneously, …
The petroleum ministry has informed the Prime Minister’s Office that it has not given a final nod to RIL’s plans to raise natural gas output from the flagging KG-D6 fields as the firm has refused to allow audit of its expenditure by CAG. Oil Secretary G C Chaturvedi told at …
New Delhi The leeway for oil producers to stagger or defer sharing of profit with the government could go. The upstream oil regulator has proposed that these companies earmark a defined fraction of their revenue for the government, right from the start of production. Currently, producers can decide whether and …
NEW DELHI, 17 OCT: The oil ministry has informed the Prime Minister's Office (PMO) that it has not given final nod to Reliance Industries' plans to raise natural gas output from the flagging KG-D6 fields as the firm has refused to allow audit of its expenditure by CAG. Oil secretary …
The government plans to relax rules for oil and gas exploration licences in time for the next bidding round, to attract global companies. “Before the next round (of exploration licensing) we would like to put in place a more investor-friendly regime, both for investment and from the point of view …
New Delhi They can do so by paying a fee, but must sell the mined fuel back to govt at a discount Stepping up the gas on coal production, the government proposes to allow companies exploring coal bed methane (CBM) to simultaneously mine coal from the same block. Permission may …
New Delhi After the lacklustre response from foreign participants in the earlier NELP rounds, the government is looking to revamp its oil and gas exploration policy before the NELP-X round of auction. The government is planning to initiate the 10th round of auction under the new exploration licensing policy (NELP) …
The government plans to relax rules for oil and gas exploration licences in time for the next bidding round, in a move to attract global companies. “Before the next round (of exploration licensing) we would like to put in place a more investor friendly regime both for investment and from …
New Delhi: The government would offer exploration blocks for the next round of auction only after fine-tuning the existing policy for making it friendlier for investors and easier for the government to monitor pricing and share of revenue. “We will go for the 10th round quite early... Our endeavour is …
Human resource minister Kapil Sibal has urged the oil ministry to allow the use of subsidised cooking gas for mid-day meals for the current fiscal year to help prevent additional expenditure of . 653 crore on the popular scheme. He has urged oil minister Jaipal Reddy to take a quick …
New Delhi: The oil ministry has rejected RIL’s request for revising the price of gas from the company’s Andhra offshore field before the due date of April 1, 2014. RIL had asked for a price of $14.2-14.5 per unit, up from $4.2 at present. But the ministry said this would …
Oilmin Says New Rates Would Push Up Govt’s Subsidy Burden By $6.3Bn New Delhi: The oil ministry has rejected RIL’s request for revising price of gas from the company’s Andhra offshore field before the due date of April 1, 2014, saying the new price being suggested by the company would …
Cites inordinate delays in construction of the 2,175-km lines as reason Ending months of uncertainty, the government has cancelled authorisations issued to Mukesh Ambani’s privately held firm to lay down four gas pipelines totalling 2,175 km. The company, Reliance Gas Transportation Infrastructure Ltd, or RGTIL, had authorisation for building four …
Ruling out any further hike in the prices of diesel and domestic LPG, Petroleum and Natural Gas Minister Jaipal Reddy said on Tuesday he was wary of applying another round of price hike though the current retail rates were lower than the cost of production. The oil marketing companies (OMCs) …
Petroleum minister S Jaipal Reddy on Tuesday ruled out any immediate increase in diesel and cooking fuel prices. “I am not so courageous,” Reddy said when asked if the government would consider raising prices since state-run oil marketing companies continued to lose money on retail sale of diesel, cooking gas …
RIL had stated for the quarter ended June 30, gas production from the KG-D6 field was 33.1% less than in the previous quarter The government has said it is not convinced by the geological reasons cited by Reliance Industries (RIL) to justify the declining output from its KG-D6 gas field, …
