Oil & gas
LIC questions Cairn India’s $1.25 billion loan to Sesa Sterlite
04 Aug 2014
LIC, which owns 9.09 per cent shares worth Rs5,382 crore in Cairn India, wants to know the economics of lending at 3.5% at a time when a 2-year bank deposit fetches 9-9.5% interest
Hike in gas price likely soon, but not for under-producing Reliance
02 Aug 2014
The petroleum ministry is reported to be looking at a $6-6.5 per unit price for domestically produced gas, lower than the price decreed by the former UPA government
India, Japan plan joint LNG trading
01 Aug 2014
OMCs made Rs26,626 crore in 2007-12 by overcharging customers: CAG
19 Jul 2014
State-run fuel marketing companies - Indian Oil, HPCL and BPCL – also added notional charges such as insurance, freight, wharfage, ocean loss etc fuel costs to earn an extra Rs50,513 crore between 2007 and 2012
Former SC judge G S Singhvi to represent govt in RIL gas price arbitration
18 Jul 2014
RIL and its partners, BP Plc and Niko Resources have served a pre-arbitration notice on the government, which deferred gas price revision for a second time
US consultant to verify ONGC-RIL claims over Krishna-Godavari gas
17 Jul 2014
The centre has appointed an international petroleum consultant, to assess ONGC's claim that Reliance Industries, is drawing gas from the state oil explorer's east coast fields
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