Cap in gas pricing formula in the works to combat global volatilityThe govt is examining a proposal to tweak the newly approved gas price formula to bring in a cap with the aim of protecting consumers from ...
Energy producers want credible gas pricing policyAOGO said any country looking for private sector participating to explore its vast unexplored basins needs to maintain the sanctity of cont...
Energy firms warn against cost-plus pricing for gasThe AOGO wrote to Oil Minister Dharmendra Pradhan listing out pricing challenges and how a market driven pricing will boost output.
Oil & gas industry wants government to respect sanctity of PSCsThe industry body says that the government’s approach has changed drastically, and in the wrong direction.
Moily for raising prices of natural gas effective April 1Despite model code, government concerned about legal fallout of not abiding by Cabinet decision
Vijay Kelkar wants existing regime for oil contractsKelkar said committee requested AOGO to provide data & analysis of issues that affect the sector. These were included in its interim report...
Private oil & gas companies like Cairn India, Reliance Industries, BP and others may get nod to explore shale resources soonThe government also plans to extend, albeit with a few stringent conditions, the recently approved shale exploration policy which allows on...
Oil industry wants roadmap for free pricingAOGO said that the decision of the Cabinet Committee on Economic Affairs (CCEA) falls short of the recommendations made by the Rangarajan c...
Budget 2013: Treat natural gas on par with crude oil for tax exemptionsThe oil and gas industry is hopeful that the budget may treat natural gas on a par with crude oil for tax exemption.
Energy companies like RIL, Cairn India want government to retain incentives for oil and gas contractsExploration companies such as Reliance Industries, BP and Cairn India have urged the Rangarajan committee to improve administration of oil ...
- $1 billion penalty on RIL is temporary, says oil ministry official
About $1 billion penalty imposed on RIL is a temporary fine and the company would be allowed to recover the money after it achieves approve...
- EGoM on gas allocation tomorrow
An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee is likely to meet tomorrow to consider changes in the na...
- Oil and gas firms want LNG price for domestic gas
AOGO has demanded that price of domestically produced natural gas should be indexed to rate at which LNG is imported in the country.
- Oil and gas operators including RIL oppose gas price pooling
An association of oil and gas operators, which boasts of members like Reliance Industries, has opposed pooling or averaging of different ga...
- Budget 2011: AOGO recommends I-T holiday for natural gas, exemption from MAT
To accelerate domestic exploration and production of Hydrocarbons, tax holiday for both Oil & Natural Gas was deemed necessary for Indian G...
- Oil industry body writes to PM against ADAG ad campaign
The apex body of oil firms has petitioned Prime Minister Manmohan Singh against Anil Ambani Group's media campaign, saying it conveyed a di...
- 21 oil hunters to pool services and equipment to slash costs
21 oil and gas operators including BP, ENI, BG, Cairn, Hardy, RIL and ONGC have decided to form a joint pool of scarce equipment and servic...