According to media reports, the meeting between the agitating villagers of Dhabani in West Bengal and Essar Oil officials on the firm's coal-bed methane (CBM) project ended successfully. The villagers committed that they will not disturb work on the project. In exchange for this commitment, the officials of the firm agreed to meet some of the demands of the
Category: Oil & Gas
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Gujarat govt seeks gas at equal price
During his meeting with Prime Minister Manmohan Singh, Gujarat Chief Minister Narendra Modi demanded provision of natural gas to the state at the same rate as places like Delhi and Mumbai. Both the Gujarat government and the central government are locked in a legal battle on allocation of natu
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Crude oil price rises on strong economic data
International crude oil price rose marginally in recent trading sessions on the back of positive economic data from the US and the Europe. Recent data from the US shows rebound in its serv
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AP CM requests centre to allocate gas
Andhra Pradesh Chief Minister wants union oil ministry to take immediate steps to ensure sufficient natural gas supply to the state and help overcome the power shortage. The chief minister requested Prime Minister Manmohan Singh to direct oil ministry to boost gas supply for the state. He made this request when he met the Prime
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Morgan Stanley upgrades ratings on oil firms
Following the centre's move towards deregulating diesel prices, financial services firm Morgan Stanley upgraded the ratings on Oil and Natural Gas Corporation (ONGC) and Hindustan Petroleum (HPCL) to 'overweight' from 'equalweight'. On January 17, the central government allowed state-owned oil firms to raise prices in small measures every mon
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States’ plea to Centre to up coal, gas supplies
State governments have on February 5 requested Union Minister of State for Power (Independent Charge) Jyotiraditya Scindia to take up the issue of inadequate coal supply with the Prime Minister and seek his early intervention. At the 6th Conference of Power Ministers of States and Union Territories in Delhi, power minister of the States expressed concern over fuel uncertainty affecting the power sector.
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States’ plea to Centre to up coal, gas supplies
State governments have on February 5 requested Union Minister of State for Power (Independent Charge) Jyotiraditya Scindia to take up the issue of inadequate coal supply with the Prime Minister and seek his early intervention. At the 6th Conference of Power Ministers of States and Union Territories in Delhi, power minister of the States expressed concern over fuel uncertainty affecting the power sector.
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Petrofed warns against shifting to export parity pricing
The Petroleum Federation of India (Petrofed), an apex body of entities in hydrocarbon sector, warned the union finance ministry against its proposed norm for calculation of under-recoveries of state-run oil marketing companies (OMCs). Recently, the finance ministry proposed that the export parity price should be considered for calculating under-recoveries of OMCs instead of the present trade parit
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Indian delegation may sign deal with French firm
An Indian delegation led by Petroleum Ministry M Veerappa Moily to the US would discuss and sign the proposed memorandum of understanding (MoU) between GAIL India and FranceÂ’s EDF, reports suggest. GAIL wants to rope in the French firm in order to facilitate gas trading and sourcing in the US. Going forward, GAIL wants the partnership to acquire shale gas ass
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Minister to decide on extending deadline for subsidy scheme
Andhra Pradesh Civil Supplies Minister D Sridhar Babu informed that the Union Oil and Gas Minister Veerappa Moily may take a decision on the extension of the deadline for beginning Adhaar-linked subsidy transfer scheme for LPG cylinders. It may be recalled that oil marketing companies (OMCs) set February 15 as the deadline for providing LPG cylinders on s