State-owned GAIL India’s net profit dropped 25 per cent in the December quarter because of a slump in margins on natural gas marketing as well as LPG and liquid hydrocarbons.The net profit at Rs 1,2...

State-owned Oil India Ltd (OIL) on Wednesday said it has filed a clarificatory petition in the Supreme Court against a Rs 48,000-crore demand raised by the department of telecom following the verdict ...

Domestic natural gas prices were cut by a steep 26 per cent, the lowest since the formula-driven pricing was introduced in 2014. The cut will dent the revenues of producers such as ONGC and Oil India,...

Oil India Limited on Friday announced an immediate financial relief of Rs 30,000 for each family affected by the May 27 oil well blowout, which continued to spout crude and natural gas at Baghjan in A...

Hundreds affected by an oil well blowout in Assam, which has devastated local tea gardens and water bodies, demonstrated on Thursday afternoon seeking Rs 5,000 a day per family till the problem was fi...

A massive explosion took place at the production well of Baghjan 5 under Baghjan oil field of Oil India Ltd (OIL) in Tinsukia on Wednesday at 10.30am when operational work was on. A tree on the top of...

The Supreme Court will hear on Monday a plea of the telecom operators to set a fresh schedule to pay the adjusted gross revenue worth Rs 1.47 lakh crore to the department of telecom.The court has lis...

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...

Anil Agarwal’s Cairn Oil & Gas is scouting for global partners to develop the 41 small and discovered blocks it won in the recent auction.Vedanta chairman Anil Agarwal and Cairn chief executive ...

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...