Hyderabad | December 05, 2013 14:59 (IST)
Cairn had earlier confirmed that in its onshore KG-ONN-2003/1 block, post three successful fracs, the productivity of one of the appraisal wells, Nagayalanka-1z-ST has increased three-fold and that has significantly improved the commerciality of the discovery.
New Delhi | December 04, 2013 14:31 (IST)
Tata Power, India's largest private power producer, has said an order by the Central Electricity Regulatory Commission (CERC) for granting compensatory tariff for the company's Mundra project is likely to come up by the end of this month.
Bhubaneswar/New Delhi | December 03, 2013 19:42 (IST)
Coal India Ltd said it would resume full production on Wednesday from a major coal field that was closed on Friday due to a labour protest, cutting off a supply of about 200,000 tonnes a day to power producers and others.
Kolkata | December 02, 2013 20:59 (IST)
Power Grid has said it expects to complete its project to connect the southern grid with national network by January, 2014.
New Delhi | December 02, 2013 19:37 (IST)
The Comptroller and Auditor General (CAG) in a September 2011 report on the working of PSCs that government had signed with companies like Reliance Industries, castigated the Oil Ministry for poor administration and not monitoring spending by companies.
Mumbai | December 02, 2013 18:43 (IST)
Power Grid Corporation of India Ltd (PGCIL), which expects to raise Rs 7,083 crore through a follow-on public offer, plans to utilise the proceeds partly to fund its 27 transmission line projects worth over Rs 48,354 crore.
New Delhi | December 01, 2013 16:58 (IST)
Coal Minister Sriprakash Jaiswal has asked state-owned Coal India Ltd (CIL) to ensure that it meets production target for the current fiscal year (FY14), according to a a ministry official.
Bhubaneswar | November 29, 2013 19:18 (IST)
Workers angered at losing their jobs shut a major coal field of Coal India Ltd on Friday, leading to the loss of 200,000 tonnes per day of output and causing alarm among power producers already facing tight supply, the company said.
New Delhi | November 27, 2013 13:59 (IST)
The Union Cabinet had in June decided to price all domestically produced natural gas at an average of the price prevailing at international gas trading hubs and the actual cost of importing liquid gas (LNG).
New Delhi | November 26, 2013 15:55 (IST)
Reliance Industries Ltd (RIL) has shut another well on the main gas fields in the eastern offshore KG-D6 block due to high water ingress, leading to output plummeting to all-time low of 8.73 mmscmd.
New Delhi | November 26, 2013 14:48 (IST)
Five power projects of National Hydroelectric Power Corporation (NHPC) are facing cost over-runs due to delays in receiving environment and other regulatory clearances.
New Delhi | November 22, 2013 22:14 (IST)
Justice V K Jain stayed the suo motu proceedings by CCI till January 13 by when the fair trade regulator as well as the Petroleum and Natural Gas Regulatory Board (PNGRB) have to file their responses on the plea of the oil companies which have contended that CCI does not have the jurisdiction to investigate the issue.
New Delhi | November 21, 2013 15:15 (IST)
In an attempt to salvage the beleaguered Dabhol power project, the Power Ministry has urged the Ministry of Petroleum and Natural Gas to make available some fuel for running the plant.
New Delhi | November 18, 2013 13:39 (IST)
The CCI is currently looking into suspected unfair trade practices by state-run oil marketing firms while setting petrol prices.
November 14, 2013 15:16 (IST)
Tata Power Company Ltd swung to a net profit - albeit lower than expected - as its revenue increased in the fiscal second quarter, despite the high cost of imported coal and populist tariff regimes eating into its margins.
New Delhi | November 11, 2013 21:20 (IST)
Iraq along with Saudi Arabia stepped up sales to India after western sanctions shut payment avenues and made trade with Tehran difficult.
Hyderabad | November 10, 2013 20:51 (IST)
The Parliamentary Standing Committee on Petroleum and Natural Gas has said the states where gas production is taking place should be given at least 50 per cent of the total quantity produced besides the royalty on natural gas produced from offshore fields.
New Delhi | November 08, 2013 00:04 (IST)
In a significant development, Oil Minister M Veerappa Moily is approaching Cabinet for grant of operational flexibility to help explorers like Reliance Industries and Cairn India start producing oil and gas from 62 discoveries that are mired in contractual disputes.
New Delhi | November 07, 2013 21:40 (IST)
Sources said the Finance Ministry had provided Rs 8,000 crore subsidy to cover for 31 per cent of the Rs 25,579 crore lost on diesel and cooking fuel sales in April-June.
New Delhi | November 06, 2013 20:35 (IST)
ONGC Videsh Ltd (OVL), the overseas arm of state-owned firm Oil and Natural Gas Corp (ONGC), and Cairn India Ltd are likely to bid jointly for oil and gas blocks in Sri Lanka, according to sources with direct knowledge of the development.