The oil & gas expert said that the Essar Oil deal does signify that we will have perhaps a reasonably robust market in the future.

Compensation has to be given for migrating oil from ONGC fields and compensation for not only the direct loss but also the indirect loss th...

"It is true that the already existing large upstream companies would not be affected too much."

Parekh said that a small amount of divestment should be done as it would bring in certain measures of competitive efficiency in the system.

BJP's candidate from Mumbai North East Kirit Somaiya filed a police complaint for "criminal negligence and conspiracy".

"This is a right move and it gives an appropriate signal that gradual raising the price of diesel and this gas prices rationalization are v...

Union Budget 2013 should ensure that all petroleum sector transactions are included to become eligible for classical GST benefit, said Deep...

Experts feel that oil and gas sector will be given great importance in Budget 2013 as government need to match with the international price...

For energy security, we need a time-bound plan to substitute petrol and diesel with gas, which will affect global crude prices.

The market was expecting that if Kirit Parekh Committee Report gets implemented, then probably some amount of upside can been seen in OMCs.

Goldman Sachs is of the view that the recommendations of Kirit Parikh report are too aggressive to be implemented in current form. It has r...

The report submitted by the expert group headed by Mr Kirit Parikh on a viable and sustainable system of pricing of petroleum products if a...

While public-private participation has made inroads in infrastructure development, more needs to be done.

Members of various shareholder associations, accounting bodies and management experts are flocking to Delhi to lobby for a seat on the Saty...

The Planning Commission has suggested passing on a part of the increase in petroleum prices to consumers, reports Our Bureau.

Terming as "unsustainable" the mounting subsidies in the petroleum sector, the Planning Commission virtually advocated for passing on part ...

The Planning Commission on Friday said the draft paper on opening up the retail sector for foreign direct investment is likely to be presen...