According to data released by Petroleum Planning and Analysis Cell (PPAC), the international crude oil price for Indian Basket fell to 107.54 $ per barrel (bbl) on November 16, 2012. This is $00.37 a bbl lower compared to $107.91 a bbl the previous trading session. In rupee terms also, crude oil price fell to Rs 5,913.62 a bbl on November 16, 2012 as com
Tag: oil and gas
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Ministry notifies norms for LNG terminals
In order to encourage the setting up of LNG Terminals in the country, the petroleum ministry framed rules on eligibility conditions for registration of liquefied natural gas terminals (LNG).The new regulation aims to bring about an environment of equitable access and commercial transparency to foster higher availability of imported gas in the country, the ministry said in a
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Fall in output hits earnings of OVL
According to a company statement, for the Apr-Sep 2012 period, the net profit and sales of ONGC Vides
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BP withdraws from 9 blocks
After initial assessment, UK's BP decided to withdraw from 9 oil and gas blocks in which it bought stake from Reliance Industries (R
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Ministry may urge ONGC to decommission project
Agency reports suggest that the union environment ministry would urge ONGC to decommission an abandoned pipeline project in the Nagapattinam district of T
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ONGC’s stake sale in KG block awaits govt nod
The sale of 26 per cent stake by Oil and Natural Gas Corporation (ONGC) in its KG Basin exploration block to a Japanese firm is awaiting the approval of the centr
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OVL eyes stake in Arctic Ocean projects
Reports suggest that ONGC Videsh (OVL) is interested in picking up stake in the oil and gas exploration projects in Arctic Ocean and expand in Siberia and Far East Russia.
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Gas, crude oil output dip
The country’s natural gas output has fallen for the 17th straight month in April by 11.3 per cent year-on-year. Crude oil production, too, dipped 1.3 per cent.
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Gas, crude oil output dip
The country’s natural gas output has fallen for the 17th straight month in April by 11.3 per cent year-on-year. Crude oil production, too, dipped 1.3 per cent.
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Mozambique gas in India
Videocon Industries, which has 10 per cent interest in a Mozambique oil and gas block operated by joint venture partner Anadarko Petroleum, wants to bring its share of gas to India and sell it.