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India to see USD 58 bn investment in producing oil & gas resources: Puri

PSU Watch Bureau -
India will likely see an investment of USD 58 billion in finding and producing oil and gas resources in 2023, said Hardeep Singh Puri
News Updates

India’s energy security based on four-plank strategy: Puri

PSU Watch Bureau -
India's four-plank energy security strategy revolves around diversifying sources of supplies, said Hardeep Singh Puri, Oil Minister
News Updates

Core sector output grows by 5.4% in Nov: Official data

PSU Watch Bureau -
Production of eight core sector industries increased by 5.4 percent in November against 3.2 percent growth in the same month last year
News Updates

India’s import dependency on LNG goes down 3% in April-Oct period y-o-y

Shalini Sharma -
As domestic production of natural gas rises, India’s import dependency on LNG has gone down by 3 percent year-on-year in the April-October period of 2022
News Updates

ONGC plans to invest Rs 2,150 cr for drilling 53 exploratory wells in AP

PSU Watch Bureau -
ONGC proposes to drill 50 exploratory wells in PML Block of KG Basin & three in OALP-Vi Block of Cuddapah basin with an investment outlay of Rs 2,150 crore
News Updates

Natural gas shall remain an important energy source for Indian ecosystem: EIL CMD

PSU Watch Bureau -
EIL CMD Vartika Shukla delivered the special address during the inaugural session of 'Economic Times Energy World Gas Conclave 2022' held in New Delhi
News Updates

Cut excise duty on CNG till gas is included in GST: Kirit Parikh Committee

PSU Watch Bureau -
Kirit Parikh Committee recommends the union government to moderate the excise duty it levies on CNG till the time natural gas is included in the GST regime
News Updates

ONGC & OIL gas prices to be capped at USD 6.5 per mmBtu for 5 yrs

Shalini Sharma -
A panel led by Kirit Parikh is recommending a floor & ceiling price for natural gas produced from legacy fields of ONGC, OIL for 5 years to moderate CNG and PNG prices
News Updates

Natural gas: PNGRB amends rulebook to pave way for unified tariff

PSU Watch Bureau -
To accelerate the development of the natural gas infrastructure, the PNGRB has amended norms which, it says, will pave the way for a unified tariff
News Updates

GAIL reports 46% y-o-y drop in net profit in Q2 FY23 as supply from Gazprom dries up

PSU Watch Bureau -
GAIL (India) Limited has reported a 46 percent year-on-year (y-o-y) drop in standalone Profit after Tax (PAT) at Rs 1,537 crore for the quarter ended September 2022
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