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MAR 27 2017

Competition Commission reduces fine on Coal India to Rs 591 crore

  • FE Bureau, Financial Express / New Delhi, 27th March 2017 Published on : 27th March 2017
  • Created:Mon 27th MAR 2017

The Competition Commission of India (CCI) on Friday cut the fine on Coal India and its arms to Rs 591 crore from Rs 1,773 crore imposed earlier for discriminatory fuel supply agreement (FSA) ...

MAR 27 2017

Coal India Ltd announces second interim dividend for 2016-17

  • Debjoy Sengupta, ETEnergyWorld / Kolkata, 27th March 2017 Published on : 27th March 2017
  • Created:Mon 27th MAR 2017

State-owned miner Coal India Ltd (CIL) announced another interim dividend of Rs 1.15 per share of face value Rs 10 on Sunday. Following instructions from the government, Coal India (CIL) at a ...

MAR 27 2017

Water from Bharat Coking Coal mines to be preserved for summer crisis

  • Bhupendra Srivastava, ETEnergyWorld / Dhanbad, 27th March 2017 Published on : 27th March 2017
  • Created:Mon 27th MAR 2017

Water that gets wasted and is pumped out of the mines by Bharat Coking Coal Limited (BCCL) will soon be directed to nearby ponds and water reservoirs, deputy commissioner (DC) A Dodde said on ...

MAR 27 2017

Cops probing coal cases can go back to home cadres, CBI tells SC

  • TNN, ETEnergyWorld / New Delhi, 27th March 2017 Published on : 27th March 2017
  • Created:Mon 27th MAR 2017

The CBI has almost finalised its probe in all coal scam cases and officers associated with these cases can be repatriated to their home cadres as their tenures have been long over, the agency has ...

MAR 27 2017

Arbitration on compensation demand in Reliance Industries-ONGC row starts

  • PTI, Financial Express / New Delhi, 27th March 2017 Published on : 27th March 2017
  • Created:Mon 27th MAR 2017

A three-member arbitration panel has started hearing validity of the government’s demand of $1.55 billion as compensation from Reliance Industries for “unfairly” producing ...

MAR 27 2017

GAIL rated Sell by Citi as margins may have peaked

  • Bureau, Financial Express / New Delhi, 27th March 2017 Published on : 27th March 2017
  • Created:Mon 27th MAR 2017

GAIL’s LPG segment has benefited in H2FY17 from higher realisations & lower domestic gas prices. Petchem too has gained from stabilisation & ramp-up of Pata II. However, further ...

MAR 27 2017

Essar Oil gives undertaking to pay lenders soon after Rosneft deal

  • Sugata Ghosh, ETEnergyWorld / Mumbai, 27th March 2017 Published on : 27th March 2017
  • Created:Mon 27th MAR 2017

Pushed by LIC, Essar Oil has given an unconditional undertaking to the institution and some of the lenders that their dues would be cleared within three days of the closure of its crucial deal ...

MAR 24 2017

Hindustan Petroleum to upgrade units using Honeywell technology

  • IANS, ETEnergyWorld / New Delhi, 24th March 2017 Published on : 24th March 2017
  • Created:Fri 24th MAR 2017

State-run oil marketer Hindsutan Petroleum Corp Ltd (HPCL) has selected Honeywell's technologies for the expansion and modernisation of its refinery at Visakhapatnam in Andhra Pradesh, according ...

MAR 24 2017

Big relief: Cairn Indias Barmer oil & gas block among 10 granted extension

  • Saurabh Kumar, The Financial Express / New Delhi, 24th March 2017 Published on : 24th March 2017
  • Created:Fri 24th MAR 2017

In what may come as a relief to Cairn India and encourage it to increase the pace of investment, the Vedanta group company’s prolific Barmer oil and gas block has been granted an extension ...

MAR 24 2017

Policy for surplus coal availability for power plants in the works: Piyush Goyal

  • PTI, ETEnergyWorld / New Delhi, 24th March 2017 Published on : 24th March 2017
  • Created:Fri 24th MAR 2017

The government is working on a policy to ensure power plants have surplus availability of coal, Union Minister Piyush Goyal said today. To a query on whether the government proposes to ...

MAR 24 2017

Cabinet nod to closure of joint ventures CHBL, ICBL

  • IANS, ETEnergyWorld / New Delhi, 24th March 2017 Published on : 24th March 2017
  • Created:Fri 24th MAR 2017

The Cabinet Committee on Economic Affairs on Wednesday approved the closure of two joint ventures -- Indian Oil-Chhattisgarh Renewable Energy Development Agency (CREDA) Biofuels Ltd. (ICBL) and ...

MAR 24 2017

Ratna and R-series fields to be developed by ONGC after a delay of 20 years

  • Bilal Abdi, ETEnergyWorld / New Delhi, 24th March 2017 Published on : 24th March 2017
  • Created:Fri 24th MAR 2017

The board of state owned behemoth Oil and Natural Gas Corporation Limited (ONGC) last month approved the development of R-series fields with a capital cost of Rs 4,104.63 crore, petroleum minister ...

MAR 24 2017

Modi government to hold second round of small oilfields auction soon

  • Bilal Abdi, ETEnergyWorld / New Delhi, 24th March 2017 Published on : 24th March 2017
  • Created:Fri 24th MAR 2017

The Modi government is planning to soon hold a second round of bidding for discovered small fields very soon, buoyed by the healthy response from investors, including first-time entrants in the ...

MAR 24 2017

Sea of trouble testing BP mettle draws $10 billion ONGC bet

  • Debjit Chakraborty, ETEnergyWorld / 24th March 2017 Published on : 24th March 2017
  • Created:Fri 24th MAR 2017

India's Oil & Natural Gas Corp. is wading into deep waters where energy giants BP Plc and Reliance Industries Ltd found a sea of trouble. State-run ONGC plans to invest in a region off ...

MAR 24 2017

Bonanza for shareholders: Oil marketing cos IOC, HPCL declare dividend

  • ETMarkets.com, ETEnergyWorld / New Delhi, 24th March 2017 Published on : 24th March 2017
  • Created:Fri 24th MAR 2017

Shares of oil marketing companies Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOC) hogged the limelight in afternoon trade on Thursday after these firms announced interim ...

MAR 24 2017

LIC demands dues from Essar to give clearance to Rosneft-Essar deal

  • Sugata Ghosh, ETEnergyWorld / Mumbai, 24th March 2017 Published on : 24th March 2017
  • Created:Fri 24th MAR 2017

India’s top financial institution LIC wants its pound of flesh before it gives the green signal to the $13-billion Essar-Rosneft deal which would be the largest inflow of foreign direct ...

MAR 23 2017

Petroleum Ministry seeks integration road map from state-run oil companies

  • Sanjeev Choudhary, ETEnergyWorld / New Delhi, 23rd March 2017 Published on : 23rd March 2017
  • Created:Thu 23rd MAR 2017

The oil ministry has directed state oil firms to prepare a roadmap for creating integrated firms. Oil secretary Kapil Dev Tripathi held a short meeting with the chairmen of state oil firms last ...

MAR 23 2017

Dharmendra Pradhan seeks to allay protests over oilfields development in Tamilnadu

  • Bilal Abdi, ETEnergyWorld / New Delhi, 23rd March 2017 Published on : 23rd March 2017
  • Created:Thu 23rd MAR 2017

Oil minister Dharmendra Pradhan today met a delegation of villagers from Neduvasal in Tamilnadu protesting the recent award of oil and gas projects in the area. He was accompanied by commerce and ...

MAR 23 2017

Cabinet clears extension of oil, gas production pacts signed before 1999

  • Gireesh Chandra Prasad, Live Mint / New Delhi, 23rd March 2017 Published on : 23rd March 2017
  • Created:Thu 23rd MAR 2017

The government on Wednesday cleared a policy for extending the term of more than two dozen oil and gas production contracts signed prior to 1999 in a bid to bolster energy security. The move is ...

MAR 23 2017

India tries to fix Iran trade payments as Donald Trump hardens line

  • Nidhi Verma, Live Mint / New Delhi, 23rd March 2017 Published on : 23rd March 2017
  • Created:Thu 23rd MAR 2017

India is exploring setting up a new payments mechanism for trade with Iran, after its old sanctions workaround broke down, as state banks remain fearful of handling payments from Tehran in case ...