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On Iran's Hormuz Strait Closure Plan, Union Minister's Oil Supply Assurance: 5 Points
India is closely tracking oil trends after reports indicated Iran plans to close the Strait of Hormuz following the US attack on three nuclear sites. The Strait is a key shipping route, through which a fifth of global oil and gas supply flows.
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Reliance, Airtel Among Nifty 50 Firms Experimenting with Web3, Testifies to Sector Growth: Mudrex
About 16 Nifty 50 firms, including Reliance, Airtel, ITC, and TCS, are exploring Web3 for digital marketing, supply chain management, CBDCs, and cross-border trading, according to a report by crypto investment firm Mudrex that was exclusively shared with Gadgets 360.
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How India's Oil And Gas Exploration Offers A $100 Billion Opportunity By 2030
Oil Minister Hardeep Singh Puri has called for stepping up oil and gas hunt to cut India's reliance on imports and making available fuel at an affordable and sustainable way.
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IEA Warns Against Energy Crisis Deepening Fossil Fuel Reliance
The Paris-based IEA, a top energy watchdog, warned investors last year not to fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century.
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Reliance, Aramco Call Off $15 Billion Deal Amid Valuation Differences, Sources Say
The collapse of the deal reflects the changing global energy landscape as oil and gas companies shift away from fossil fuel to renewables.
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Fundraising Spree for Reliance's Jio Platforms Values It at $65 Billion
Reliance Industries, controlled by Asia's richest man Mukesh Ambani, was worth about $129 billion (roughly Rs. 9.87 lakh crores) as of Thursday's close. Jio Platforms' valuation puts it just ahead of the combined value of the conglomerate's oil, gas, and other businesses.
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Centre Moves High Court Against Reliance In Gas Field Case: Oil Minister
Oil Minister Dharmendra Pradhan today said the government will file an appeal in High Court against a ruling by an international tribunal which rejected its USD 1.55 billion claims against Reliance Industries for allegedly siphoning gas from fields operated by state-owned ONGC.
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Government's Demand For Additional Tax Premature, Reliance Industries says
Reliance and Royal Dutch Shell own 30 percent interest each in the fields on west coast, while Oil and Natural Gas Corp holds the remaining 40 percent.
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Won't Succumb To Pressure In Resolving Oil Disputes: Government
Government will not succumb to any pressure in resolving pending arbitration disputes with companies such as Reliance Industries over KG-D6 gas fields, Oil Minister Dharmendra Pradhan said in Rajya Sabha today.
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New Price Formula For Undeveloped Gas Finds Cleared By Union Cabinet
In a boost to firms like Oil and Natural Gas Corporation (ONGC) and Reliance Industries, the Cabinet today approved a new price formula for their undeveloped gas discoveries in difficult areas, which will lead to a near-doubling of rates.
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Those Who Subverted System Will be Punished: Oil Minister Dharmendra Pradhan on Espionage Case
After the leak of documents from his ministry, Petroleum Minister Dharmendra Pradhan on Sunday asserted that all those who subverted the system would be punished. He, however, made it clear that the government was not targeting any particular corporate.
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British Energy Secretary Meets Oil Minister Dharmendra Pradhan, Discusses Key Issues
Weeks after Britain's BP and its partner Reliance Industries slapped an arbitration notice for delay in gas price hike, UK's Energy Secretary Edward Davey on Thursday met Oil Minister Dharmendra Pradhan to discuss outstanding issues.
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Cabinet Defers Gas Price Hike Decision by Three Months
India has deferred the decision to raise prices of locally produced gas by three months, the oil minister said on Wednesday.
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Election Commission asks oil ministry to defer new gas price
In a move that will delay revision of natural gas prices by a few months, the Election Commission today asked the UPA government to defer notifying doubling of price of the fuel produced by companies such as Reliance Industries till general elections are completed.
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Reliance contract can't be terminated: Moily to Prime Minister
Amidst controversy over gas price hike, Oil Minister M Veerappa Moily has told Prime Minister Manmohan Singh that Reliance Industries' contract for KG-D6 gas fields cannot be terminated pending arbitration on issue of output lagging targets.
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On Iran's Hormuz Strait Closure Plan, Union Minister's Oil Supply Assurance: 5 Points
India is closely tracking oil trends after reports indicated Iran plans to close the Strait of Hormuz following the US attack on three nuclear sites. The Strait is a key shipping route, through which a fifth of global oil and gas supply flows.
-
Reliance, Airtel Among Nifty 50 Firms Experimenting with Web3, Testifies to Sector Growth: Mudrex
About 16 Nifty 50 firms, including Reliance, Airtel, ITC, and TCS, are exploring Web3 for digital marketing, supply chain management, CBDCs, and cross-border trading, according to a report by crypto investment firm Mudrex that was exclusively shared with Gadgets 360.
-
How India's Oil And Gas Exploration Offers A $100 Billion Opportunity By 2030
Oil Minister Hardeep Singh Puri has called for stepping up oil and gas hunt to cut India's reliance on imports and making available fuel at an affordable and sustainable way.
-
IEA Warns Against Energy Crisis Deepening Fossil Fuel Reliance
The Paris-based IEA, a top energy watchdog, warned investors last year not to fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century.
-
Reliance, Aramco Call Off $15 Billion Deal Amid Valuation Differences, Sources Say
The collapse of the deal reflects the changing global energy landscape as oil and gas companies shift away from fossil fuel to renewables.
-
Fundraising Spree for Reliance's Jio Platforms Values It at $65 Billion
Reliance Industries, controlled by Asia's richest man Mukesh Ambani, was worth about $129 billion (roughly Rs. 9.87 lakh crores) as of Thursday's close. Jio Platforms' valuation puts it just ahead of the combined value of the conglomerate's oil, gas, and other businesses.
-
Centre Moves High Court Against Reliance In Gas Field Case: Oil Minister
Oil Minister Dharmendra Pradhan today said the government will file an appeal in High Court against a ruling by an international tribunal which rejected its USD 1.55 billion claims against Reliance Industries for allegedly siphoning gas from fields operated by state-owned ONGC.
-
Government's Demand For Additional Tax Premature, Reliance Industries says
Reliance and Royal Dutch Shell own 30 percent interest each in the fields on west coast, while Oil and Natural Gas Corp holds the remaining 40 percent.
-
Won't Succumb To Pressure In Resolving Oil Disputes: Government
Government will not succumb to any pressure in resolving pending arbitration disputes with companies such as Reliance Industries over KG-D6 gas fields, Oil Minister Dharmendra Pradhan said in Rajya Sabha today.
-
New Price Formula For Undeveloped Gas Finds Cleared By Union Cabinet
In a boost to firms like Oil and Natural Gas Corporation (ONGC) and Reliance Industries, the Cabinet today approved a new price formula for their undeveloped gas discoveries in difficult areas, which will lead to a near-doubling of rates.
-
Those Who Subverted System Will be Punished: Oil Minister Dharmendra Pradhan on Espionage Case
After the leak of documents from his ministry, Petroleum Minister Dharmendra Pradhan on Sunday asserted that all those who subverted the system would be punished. He, however, made it clear that the government was not targeting any particular corporate.
-
British Energy Secretary Meets Oil Minister Dharmendra Pradhan, Discusses Key Issues
Weeks after Britain's BP and its partner Reliance Industries slapped an arbitration notice for delay in gas price hike, UK's Energy Secretary Edward Davey on Thursday met Oil Minister Dharmendra Pradhan to discuss outstanding issues.
-
Cabinet Defers Gas Price Hike Decision by Three Months
India has deferred the decision to raise prices of locally produced gas by three months, the oil minister said on Wednesday.
-
Election Commission asks oil ministry to defer new gas price
In a move that will delay revision of natural gas prices by a few months, the Election Commission today asked the UPA government to defer notifying doubling of price of the fuel produced by companies such as Reliance Industries till general elections are completed.
-
Reliance contract can't be terminated: Moily to Prime Minister
Amidst controversy over gas price hike, Oil Minister M Veerappa Moily has told Prime Minister Manmohan Singh that Reliance Industries' contract for KG-D6 gas fields cannot be terminated pending arbitration on issue of output lagging targets.
