City gas companies are receiving less cheaper domestic gas due to government cuts and new pricing policies. APM gas allocation has been reduced, and new well gas is priced higher.
Continue readingCity gas cos feel the heat as domestic gas share shrinks
The finance ministry is assessing the windfall tax on petrol, diesel, and aviation fuel exports. It is also considering bringing natural gas under GST. This follows the oil ministry’s request
Continue readingFinance Ministry rethinks windfall tax; Oil Ministry for natural gas under GST
Reliance Industries’ subsidiary has invested $12 million in Wavetech Helium, acquiring a 21% stake. This US-based company explores and produces helium, a crucial element for various sectors including healthcare, technology,
Continue readingRIL subsidiary acquires 21% stake in US-based Wavetech Helium for $12 million
ONGC discovered oil near Asokenagar, West Bengal, six years ago and has made four additional discoveries since. However, development is stalled pending a petroleum mining lease from the West Bengal
Continue readingONGC makes four oil discoveries in Ashokenagar, awaits mining lease from Bengal govt
GAIL (India) Ltd. has revitalized its plan to launch a PTA manufacturing plant in Mangalore. The state-owned gas utility has re-engaged INEOS, a global petrochemical giant, to support the revival
Continue readingGAIL re-engages process licensor for revival of Mangalore PTA plant