Petroleum and natural gas ministry has notified the allocation of gas produced from new wells or well interventions from nominated fields of ONGC/OIL at 20 per cent premium over the APM price. APM is an Administrative Price Mechanism.
The central government has granted an approval letter to Oil and Natural Gas Corporation Limited (ONGC) to invest significantly in ONGC Petro additions Limited (OPaL), the company informed the exchange in a filing.
The salient features of the amendments proposed in the said Bill, introduced in the Upper House today, are delinking petroleum operations from mining operations; broadening the scope of the expression 'mineral oils'; introducing the concept of "petroleum lease"; and granting lease on stable
As of July 1, there are 32.68 crore active domestic LPG consumers being served by public sector Oil Marketing Companies (OMCs). To ensure a steady supply of refills and to accommodate new LPG connections, OMCs have over 50 crore cylinders in circulation, most of which are steel cylinders.
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri is set to introduce the Oilfields (Regulation and Development) Amendment Bill, 2024 in Rajya Sabha on Monday to amend the Oilfields (Regulation and Development) Act,1948.
A fan of Janasena Party President and Andhra Pradesh Deputy Chief Pawan Kalyan was arrested in Visakhapatnam after he threatened to set himself on fire at a petrol pump, police said on Thursday.
The first meeting of the India-Saudi Arabia High Level Task Force on Investments was held on Tuesday, wherein the two nations affirmed their commitment to bolster cooperation in the areas of petroleum, renewable energy, telecom and innovation.
Union Minister Scindia said that the industrial units would develop the Ashoknagar district and would generate employment opportunities leading to economic and social development of youth, women and the public.
The central government has taken several steps to insulate common citizens from high international prices, Minister of State in the Ministry of Petroleum and Natural Gas Suresh Gopi informed Parliament on Monday, as he highlighted several interventions.