The 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 ...

The Petroleum Ministry is having a rethink over the terms for extending licenses of small and medium sized oil and gas fields.

Prices touched $49.69, nearly 30% cheaper than the roughly $70 Brent crude is currently trading in the global market.

The new rate, says the ministry, would be acceptable to international investors and would help in monetising discoveries of Gujarat State P...

The demand raised is for the wellhead price, determined by the price of equivalent crude oil prevailing at the international market.

Ambani and Dudley met Prime Minister Manmohan Singh and top officials to press for quick approvals and marketbased price of natural gas.

Rangarajan committee has recommended a new mechanism for pricing domestic natural gas linked to an index of international prices, which see...

The government resisted revising domestic prices fearing its impact on power tariffs and fertiliser cost even as KG-D6 output plummeted to ...

RIL 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 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 ...

Natural gas production in KG basin will double the domestic gas availability.

The price of natural gas from the K-G basin should be resolved fast.

Oil 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...

Petroleum Secretary M S Srinivasan says since the cost of production of gas from the North-East is higher, the ministry has recommended a r...

The stalemate over the pricing of gas from Reliance Industries' KG basin may end soon. Sources say a “final decision on the issue could be ...

Thought leader Edward de Bono’s theory is that most of the mistakes in our thinking are inadequacies of perception rather than mistakes of ...

The Cabinet on Tuesday night hiked the royalty on indigenous crude oil to 20 per cent from the existing 12.5 per cent at present.