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natural gas News
Infrastructure growth slows down to 4.8pc in Oct; fertiliser, crude oil decline
Sat, Dec 01, 2018
Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 5 per cent in October 2017.Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 5 per cent in October 2017.
India does a first, starts importing LNG from US, follows post ban deal on oil
Tue, Mar 06, 2018
After crude oil, India today began importing natural gas from the US, with the first shipment of LNG under a 20-year deal being flagged off from Louisiana. State-owned gas utility GAIL India has contracted 3.5 million tonnes per annum of liquefied natural gas (LNG) from Cheniere Energy's Sabine P
Oil & gas industry seeks infra status, lower taxes in Budget
Thu, Jan 25, 2018
The oil and gas industry has sought infrastructure status for the exploration and production sector as also lowering of taxes on locally produced oil to boost domestic output and cut import dependence.
India sees scope for more integration among state energy companies
Tue, Jan 23, 2018
ONGC`s purchase of a majority stake in HPCL is expected to close by the end of this month and Pradhan said there was a possibility to combine HPCL with ONGC`s petrochemical projects and its refining arm Mangalore Refinery and Petrochemicals Ltd.
Eight core sectors grow 6.8% in November: Commerce Ministry
Mon, Jan 01, 2018
The data said the eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
IOC, BPCL keen to acquire GAIL; co wants to merge with ONGC
Mon, Dec 25, 2017
The merger options were indicated following Finance Minister Arun Jaitley's announcement in the 2017-18 Budget speech on the government's plan to create integrated public sector oil majors that will be "able to match the performance of international and domestic private sector oil and gas companies".
Eight core industries IIP rises 2.4% in July
Thu, Aug 31, 2017
The IIP output of the eight core industries grew by 2.4% in July led by steel which posted the maxium growth of 9.2% during the month.
Govt slaps Rs 1700 crore penalty on Reliance Industries, BP
Tue, Aug 15, 2017
The Production Sharing Contract (PSC) allows RIL and its partners BP Plc of the UK and Canada's Niko Resources to deduct all capital and operating expenses from the sale of gas before sharing profit with the government.
GAIL, GSPL fight over who will transport ONGC gas
Sun, Aug 06, 2017
GAIL says its pipeline would cost Rs 85.36 crore while GSPL India Transco Ltd's pipeline would cost Rs 250 crore.
Tata Motors announces launch of Bio-Methane bus
Mon, Jul 17, 2017
Eight core industries in IIP saw a 5% growth in March
Mon, May 01, 2017
The eight core industries comprise nearly 38% of the weight of items included in the IIP.
Qatar sees Brexit as chance to supply UK more gas: Minister
Tue, Mar 28, 2017
Qatar sees Britain`s exit from the European Union as an opportunity to boost supplies of liquefied natural gas to the world`s fifth-largest economy and is open to investing in British energy assets, Qatar`s energy minister said.
Natural gas price likely to be hiked by 8%
Sun, Feb 19, 2017
Price of natural gas, used for generating power and making fertiliser and petrochemicals as well as CNG for automobiles, is likely to rise to $2.7 per million British thermal unit for the period from April 1, 2017 to September 30, 2017 from current $2.5 per mmBtu, industry sources said.
India's infrastructure output growth slows to 4.9 % in November : Govt
Mon, Jan 02, 2017
India`s annual infrastructure output growth slowed to 4.9 % in November compared with 6.6 % in the previous month as crude oil and natural gas production declined, government data showed on Monday.
RIL's partner Niko to sell its 10% stake in KG-D6 gas block
Mon, Nov 14, 2016
Reliance Industries' partner Niko Resources of Canada has put on sale its 10% stake in the flagging KG-D6 gas block off the east coast.
RIL receives first order of world's largest ethane-carrying ships
Fri, Oct 28, 2016
Reliance Industries Ltd has received the delivery of world's first very large ethane carrying ships that will be used for ferrying the fuel from the US. Reliance had in 2014 ordered building of six Very Large Ethane Carriers (VLECs) at Samsung Heavy Industries' shipyards in Korea.
India's oil demand drops in September as prices rise to year's high
Tue, Oct 18, 2016
Petrol and diesel demand in India for the month of September fell to its lowest point this year, data released by Petroleum Planning & Analysis Cell of Ministry of Petroleum & Natural Gas showed.
After Delhi, CNG and PNG to cost less in Mumbai from today
Mon, Oct 03, 2016
The gas price was last cut on April 1 from $3.82 per mmBtu to $3.06 per mmBtu.
NITI Aayog to launch National Energy Policy; more focus on natural gas, renewable energy
Fri, Aug 05, 2016
NITI Aayog is likely to unveil the new National Energy Policy in the next three months with a focus on air quality issue, renewable energy, natural gas, universal electrification and clean cooking fuel.
Chevron to sell $ 5 billion stake in Asia: Report
Thu, Aug 04, 2016
Chevron Corp, the second-largest U.S. oil company, is selling some assets in Asia worth up to $5 billion, the Wall Street Journal reported, citing people familiar with the matter.