ONGC-Mittal Energy Ltd (OMEL), a joint venture of state-owned ONGC’s foreign arm OVL and steel tycoon L N Mittal, has made a hydrocarbon discovery in Nigeria but the find may not be commercially viable. “OMEL drilled ...

Defending the increase in fuel product prices and their de-regulation, Government said the rise in their cost was “minimal” and such a decision was needed to improve the financial health of oil marketing companies. “The price increases, ...

Petroleum minister Murli Deora has written a letter to chief ministers of  the states appealing them to lower the VAT rates on  petroleum products to minimise the impact of price hike. The central government is considering to ...

 Petroleum minister Murli Deora held discussions with the Tamil Nadu state administration for setting up an LNG (liquefied natural gas) terminal and a power plant at Ennore. The proposed project is to be developed by Indian ...

Petroleum minister Murli Deora announced in Parliament that Reliance Industries Ltd need not include marketing margin with gas sale price for calculating royalty and the government’s profit share ...