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WELLHEAD PRICE
Oil India ramps up crude production from Rajasthan's Thar desertOil India Ltd: The state-run company has increased production by around 70 per cent compared to last year's 705 barrels per day, marking a ...- Buyers of natural gas call for pricing domestic gas in rupeeRupee's depreciation against the US dollar is increasing the cost of natural gas for Indian buyers. There are rising calls to price domesti...
- ONGC scraps bids for flagship Daman gas field development over cost concernsEngineering and fabrication contractor Larsen & Toubro (L&T) emerged as the lowest bidder when the bids were opened in December last year. ...
- GE Oil & Gas bags contract of ONGCThe first wellhead will be supplied in the fourth quarter of 2016, with GE manufacturing part of the scope in India for the first time, in ...
- Oil Ministry rethinks on terms for extending oil field contractsThe Petroleum Ministry is having a rethink over the terms for extending licenses of small and medium sized oil and gas fields.
- $50 oil is already herePrices touched $49.69, nearly 30% cheaper than the roughly $70 Brent crude is currently trading in the global market.
- Oil Ministry wants RIL to sell natural gas at $4.2; $6-6.5 price for othersThe new rate, says the ministry, would be acceptable to international investors and would help in monetising discoveries of Gujarat State P...
- Assam demands oil royalty at wellhead priceThe demand raised is for the wellhead price, determined by the price of equivalent crude oil prevailing at the international market.
- RIL chairman Mukesh Ambani, BP's CEO Bob Dudley meet PM, seek clarity on gas pricingAmbani and Dudley met Prime Minister Manmohan Singh and top officials to press for quick approvals and marketbased price of natural gas.
- Rangarajan panel's gas pricing formula might prove too complexRangarajan committee has recommended a new mechanism for pricing domestic natural gas linked to an index of international prices, which see...
- India to become a net importer of natural gas in two yearsThe government resisted revising domestic prices fearing its impact on power tariffs and fertiliser cost even as KG-D6 output plummeted to ...
- Reliance, BG drag govt to arbitration on PMT disputeRIL and BG Group of UK have dragged oil ministry to arbitration on disputes over Panna/Mukta and Tapti oil and gas fields but the ministry ...
- Oil, gas producers face royalty shockOil and gas producers could be forced to pay royalties to the government on the basis of sale prices in the future rather than the present ...
- Spurt in gas ouputNatural gas production in KG basin will double the domestic gas availability.
- Don’t delay gas evacuationThe price of natural gas from the K-G basin should be resolved fast.
- ONGC, GAIL share in Myanmar blocks fallOil and Natural Gas Corp and GAIL (India) Ltd's equity in two gas rich offshore blocks in Myanmar have been cut following Myanmar's nationa...
- Govt poses a 12% hike in natural gas pricePetroleum Secretary M S Srinivasan says since the cost of production of gas from the North-East is higher, the ministry has recommended a r...
- RIL's gas pricing row may end soonThe stalemate over the pricing of gas from Reliance Industries' KG basin may end soon. Sources say a “final decision on the issue could be ...
- India ought towalk before it jogsThought leader Edward de Bono’s theory is that most of the mistakes in our thinking are inadequacies of perception rather than mistakes of ...
- Royalty on indigenous crude hikedThe Cabinet on Tuesday night hiked the royalty on indigenous crude oil to 20 per cent from the existing 12.5 per cent at present.
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