Page 3 - Oil Ministry

Oil ministry proposes higher age limit, shorter tenure for ONGC chairman

The ministry has proposed that any candidate to be eligible for consideration should not be more than 60 years of age on the date of occurrence of vacancy

Share a new plan to monetise assets within 15 days: Govt tells oil PSUs

The govt has asked state-run oil and gas cos to share a new plan for asset monetisation after the original plan to monetise pipelines through infrastructure investment trusts (InvITs) was shelved

CNG, petrol price hike: Auto, taxi unions on strike demanding subsidy

Petrol now costs Rs 105.41 and diesel Rs 96.67 per litre in the national capital; the CNG price on Monday stood at Rs 71.61 per kg

CNG, PNG prices spike; govt says awaiting data to make gas allocation

The oil ministry is supposed to make an allocation of domestic natural gas, which costs a sixth of imported LNG, every six months

Oil and gas will keep meeting India's 'baseload' energy demand: Oil min

India has set a goal to achieve net zero carbon emissions by 2070

9% ethanol blending in petrol achieved; 20% target by 2025: Hardeep Puri

India has achieved 9 per cent ethanol blending in petrol and is confident of meeting the 20 per cent target by 2025, Oil Minister Hardeep Singh Puri said on Thursday.

Oil ministry launches seventh round for oil & gas block auctions

Award of these blocks is likely to be completed by the end of March 2022

Oil Ministry launches seventh round for auction of oil and gas blocks

Since 2016, five rounds of Open Acreage Licensing Programme blocks have been concluded and 105 for Exploration and Production.

Taking away oilfield will be ONGC's 'systematic weakening': Ex-bureaucrat

Oil Ministry's proposal to strip ONGC of Mumbai High and Bassein in the western offshore is a "systematic weakening" of the state-owned firm, former bureaucrat E A S Sarma said

ONGC should decide on mode for raising oil, gas output: Oil ministry

Weeks after its second-highest-ranking official asked ONGC to give away its largest producing oil and gas fields to foreign companies, the Petroleum Ministry on Monday clarified that production from existing fields has to be increased through all means including technology and involvement of private sector companies in a transparent manner. Amar Nath, additional secretary (exploration) in the Ministry of Petroleum and Natural Gas, had on October 28 written a three-page letter to ONGC Chairman and Managing Director Subhash Kumar, saying productivity of the Mumbai High and Bassein & Satellite (B&S) offshore assets under state-owned firm was low and international partners should be invited and given 60 per cent participating interest (PI) and operatorship. The proposal has met with strong resistance from the management of Oil and Natural Gas Corporation (ONGC) as well as its unions who feel its assets are being given away on a platter to the private sector. "The government is ...

ONGC union protests Centre's proposal to give away Mumbai High fields

The petroleum ministry's proposal to give away ONGC's biggest oil and gas fields to foreign companies has met with strong resistance from the officers union of the company, which has said that the government should empower and give the company a level-playing field rather than giving away its prime assets to the private sector on a platter. The Association of Scientific & Technical Offices of ONGC petitioned Oil Minister Hardeep Singh Puri against a proposal put by Amar Nath, additional secretary (exploration) in the Ministry of Petroleum and Natural Gas, for giving away 60 per cent stake and operatorship of Mumbai High and Bassein & Satellite (B&S) offshore assets to international partners for raising output. The union, which represents ONGC's 17,000 officers, said the company and its employees are completely aligned with the government objective of raising domestic production to cut imports, and for this to happen ONGC should be given the same fiscal and regulatory ...

Oil Ministry mulls reinstating subsidised LPG prices, survey in progress

Centre assessing appropriate price at which subsidy should resume

Oil Ministry launches sixth bid round of Open Acreage Licensing Programme

Centre expects minimum work commitment of $300-400 million immediately

Oil Ministry holds investor meet for DSF-III, with 32 areas up for bidding

There are 75 oil and gas discoveries with 230 million tonnes of oil equivalent resources

Oil Ministry authorises new companies to sell auto fuels in the country

According to a top ministry official, a fresh marketing authorisation has been granted to Reliance Industries under these norms

Oil minister Puri dials UAE, others for affordable oil prices for consumers

India's new Petroleum Minister Hardeep Singh Puri has started dialling oil-producing nations to impress upon them for a need to make prices affordable for consumers.

Dharmendra Pradhan puts ONGC, OIL on notice: Perform or get shipped out

Petroleum Minister Dharmendra Pradhan on Tuesday put state-owned ONGC and OIL on notice saying oil and gas reserves they hold need to be monetised through joint ventures with domain experts

Monetise reserves or get set for auction: Oil minister Pradhan to ONGC, OIL

Speaking at BNEF Summit on Tuesday, Pradhan said the two state-owned firms cannot indefinitely sit on resources when the nation is a net importer of oil and gas

Monetise reserves or get set for auction: Oil minister Pradhan to ONGC, OIL

Speaking at BNEF Summit on Tuesday, Pradhan said the two state-owned firms cannot indefinitely sit on resources when the nation is a net importer of oil and gas

Sell oilfields; hive off drilling, other services: Oil ministry to ONGC

The petroleum ministry has told India's largest oil and gas producer ONGC to sell stake in producing oil fields such as to Ratna R-Series to private firms