India may seek Obama's intervention to ease gas imports from US

The Finance Ministry has invited proposals from merchant bankers and brokers for offloading 10 per cent of its stake in oil marketing major, Indian Oil Corporation. Currently, the Government owns 68.57 per cent stake in the company. Earlier this ...

NEW DELHI: In line with Prime Minister Narendra Modi's Make in India initiative to give domestic manufacturing a major push, the country's oil and gas sector is expected to see investments worth as much as Rs 5-6 lakh crore over the next five to ...

The NDA government has been granted a dramatic drop in the global crude prices. A heavily oil-importing country like India with import dependence of 80 per cent, the price of its crude oil basket (a mix of both sweet and sour crude) has plummeted ...

Minister of State for Petroleum & Natural Gas Dharmendra Pradhan has given Keynote address at CII - India Australia Business Summit. Dharmendra Pradhan said "Andrew Robb, Minister for Trade and Investment, Australia, distinguished guests seated on ...

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 45.14 per barrel (bbl) on 22.01.2015. This was lower than the price of US$ ...

A plunge of nearly half in oil prices could help Finance Minister Arun Jaitley reap a fiscal windfall of at least $12 billion (Rs 75,000 crore) when he presents his 2015-16 budget in February, two government sources said. The savings would come in the form of ...

Chennai Petroleum Corporation Ltd has informed BSE that Shri. U. Venkata Ramana, General Manager, Indian Oil Corporation Limited has been appointed as Director (Technical), Chennai Petroleum Corporation Limited by Ministry of Petroleum and Natural Gas, ...

Ranjit Kumar, Solicitor General of India (SGI), the nation's second highest law offer, has upheld oil ministry view that sale of LPG by domestic producers to anyone other than state-owned oil marketing companies (OMCs) is not permissible under LPG Control ...

Petroleum Minister Dharmendra Pradhan invited Saudi investments in India's hydrocarbons sector during his ongoing official visit to the kingdom. He held talks with Saudi minister of petroleum and mineral resources Ali Al-Naimi. India imports 70 percent of its ...