Panel to look at pricing of hydrocarbon fuels

October 12th, 2009 NEW DELHI - State-run Oil and Natural Gas Corp (ONGC) has bagged 13 blocks in the latest round of auction of hydrocarbon assets, which saw only about half of the oil blocks receiving bids. If ONGC is getting those blocks, then they should find resources to meet their commitments, said Petroleum Secretary R.S.

October 12th, 2009 NEW DELHI - India received bids for just 36 hydrocarbon blocks out of 70 on offer under the new round of auction, which the oil ministry admitted as being a "poor" response, with even Reliance Industries abstaining from a single bid. The deadline for receiving bids for the eighth round of auction for oil and gas assets under what is called the new exploration licensing policy was noon Monday.

October 1st, 2009 NEW DELHI - The public spat and litigation between the Ambani brothers could adversely affect the sentiments of foreign companies interested in investing in India's oil and gas exploration, the sectoral regulator said Thursday. India is currently inviting bids for the latest round of auction of its hydrocarbon assets, where it is offering 70 blocks.

September 30th, 2009 Ben & Jerry's, GE work on greener freezers for USWASHINGTON — Think propane and butane are just for barbecuing? Think again: The common cooking fuels can also chill your drinks and ice cream with less energy and almost none of the global warming worries of current refrigerants. Some of the world's largest consumer product companies are promoting freezers and refrigerators in the U.S.

September 16th, 2009 TRIVANDRUM/UNITED ARAB EMIRATES - SunTec, the leading provider of Relationship-based Pricing and Centralized Billing solutions, has announced two strategic wins in the Middle East region, one of which has helped the company to gain a foothold in Port Operations Billing - its fifth operating domain. One of the largest banks in UAE has invested in SunTec's Relationship-based and Centralized Billing solution, while a leading Port Operator of the region has signed up to SunTec to automate and centralize the pricing and billing operations for their vessels as well as cargo operations, helping them to offer a convergent bill to customers and effectively manage multiple contracts.

September 3rd, 2009 NEW DELHI - The government has constituted an expert group to examine and give its recommendations on pricing of petrol, diesel, cooking gas and kerosene, the petroleum ministry said Thursday. The panel, to be headed by former Planning Commission member Kirit S.

September 1st, 2009 NEW DELHI - From an annual auction of its hydrocarbon blocks, India is moving towards a year-long bidding process, said Minister of State for Petroleum and Natural Gas Jitin Prasada here Tuesday. The government of India is moving gradually but inexorably towards the Open Acreage Licensing System from the current New Exploration Licensing Policy, Prasada said at the inauguration of an international conference on National Data Repository (NDR).

August 31st, 2009 NEW DELHI - The petroleum ministry has approached the Prime Minister's Office for a ministerial panel for identifying new buyers for additional gas produced by Reliance Industries from the Krishna-Godavari hydrocarbon basin in Andhra Pradesh. Petroleum Minister Murli Deora Monday said he had written to Prime Minister Manmohan Singh to reconstitute a new group of ministers and had met with his Principal Secretary T.K.A.

July 23rd, 2009 NEW DELHI - Union Petroleum Minister Murli Deora on Thursday said that the Union Government is closely monitoring the oil price in the international market. In a written reply to the Lok Sabha, Deora stated, the government would take appropriate decisions with regard to the pricing of petroleum products to protect the interests of common citizens especially the weaker sections of society.

July 6th, 2009 NEW DELHI - The government will set up another expert group on oil pricing, barely a year after the B.K. Chaturvedi committee had submitted its report that linked domestic prices of petroleum products to international rates.

July 6th, 2009 NEW DELHI - In a bid to give a fillip to the current round of auction of hydrocarbon assets, Finance Minister Pranab Mukherjee Monday extended the tax exemption on profits in the natural gas sector. The ministry of petroleum and natural gas has been seeking tax holiday to the natural gas sector since last year, when the 2008 auction deadline had been postponed many times due to confusion over this issue.

July 1st, 2009 NEW DELHI - India Wednesday allowed oil companies to increase the prices of transport fuels, resulting in petrol becoming dearer by Rs.4 per litre and diesel by Rs.2 per litre, following successive increase in global crude oil prices. Petroleum Minister Murli Deora told reporters the new prices would take effect from the midnight of Wednesday.

April 9th, 2009 NEW DELHI - India Thursday announced the auctions for 80 more hydrocarbon assets in the country, including 10 for coal-bed methane, in the largest such exercise under its new policy on oil and gas exploration. The 70 oil and gas blocks under round number eight of the new policy include 24 in deep waters, 28 in shallow waters and 18 on-land blocks, Petroleum Secretary R.S.

January 14th, 2009 NEW DELHI - The Mumbai terror attacks did not just dent people's confidence and the economy but has made the hydrocarbon sector vulnerable as well, a senior Reliance Industries (RIL) official said here Thursday. 'The terror attacks of 26/11 has thrust the spectre of terrorism into the hydrocarbon sector,' RIL's refinery business president P.

January 12th, 2009 NEW DELHI - Reliance Industries Ltd (RIL) is keen to re-open its retail fuel stations but is waiting for the government to end its intervention in determining the sale price of petrol and diesel, a company official said here Tuesday. 'The removal of government control of prices is very critical.