Oil & gas
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
Govt disallows another $579 mn of RIL’s KG-D6 block costs
14 Jul 2014
The petroleum ministry is not bound to accept investment claims unless Reliance and its partners, BP and Niko Resources, meet production targets
Kurdish forces seize 2 north Iraq oilfields
12 Jul 2014
An oil ministry spokesman in Baghdad described the takeover as dangerous and irresponsible and called for the Kurdish forces to withdraw immediately
