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Indian basket crude oil declines marginally

Indian basket crude oil declines marginally

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

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Ministry notifies norms for LNG terminals

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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BP withdraws from 9 blocks

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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Gas, crude oil output dip

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

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

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.