The Union cabinet is expected to soon consider the Narendra Modi-government’s plan to reduce the Centre’s stake in certain public sector undertakings to below 51 per cent, while continuing to reta...

State-owned ONGC has asked the government to waive the payment of oil cess and royalty as plummeting international oil prices have meant the rate it now gets does not even cover the operating cost, so...

Coal India has posted a net profit of Rs 4,629.87 crore for the June quarter, a growth of 22.27 per cent, on the back of better realisation even as production and offtake volumes remained almost const...

The Narendra Modi-government’s pledge to cut oil import dependence by 10 per cent has been turned upside down as the country’s reliance on foreign oil has jumped under the NDA to a multi-year high...

The Assam government has asked the Assam Gas Company Limited (AGCL) to conduct a survey on laying a pipeline to provide house-to-house gas connection in Guwahati and Silchar in the first phase.Assam i...

The government on Sunday offered 23 oil and gas blocks for bidding under the Open Acreage Licensing Policy (OALP), hoping to attract investments of up to $700 million.“In OALP-III, 23 blocks in 12 s...

State-owned Oil and Natural Gas Corporation plans to redraw its vision document for 2040 to outline its strategic goals as an integrated energy firm for the next two decades.The vision document — St...

Natural gas prices in India are likely to be cut by a steep 25 per cent beginning April, in line with the slump in global rates, sources said. The price of most of the natural gas produced by state-ow...

Oil India Limited (OIL) will fly in experts from Singapore by Wednesday night to cap a well blowout at Baghjan in Assam’s Tinsukia district.Experts of the Singapore-based firm, Alert Disaster Contro...

The lockdown has severely hurt the petroleum sector, with oil and gas as well as refining suffering a sharp decline in production.Gas output in April fell 18.6 per cent to 2.16 billion cubic metres (b...