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Gail India And Oil India Ltd

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Negligence obliterated GAIL pipeline in AP

 The petroleum ministry has blamed negligence for causing the devastating fire at state-owned gas transporter GAIL India Ltd's gas pipeline in Andhra Pradesh that killed 22 people. An inquiry......

ONGC Q1 net profit drops 10% on lower oil prices

 State-owned Oil and Natural Gas Corporation (ONGC) has reported a 10 per cent decline in its June quarter net profit on lower oil prices and stagnant production from its aging fields. Photograph:......

GAIL India to buy gas from ONGC at $5.5/mmBtu

 GAIL India Ltd will buy gas from Oil and Natural Gas Corporation'snew field to come on production in Mumbai offshore from next month at $5.5 per million British thermal unit. "We will buy gas from......

GAIL seeks exemption on fuel subsidies

 State-run gas utility GAIL India on Monday said it should be exempted from payment of fuel subsidies as it does not get any upside from rise in crude oil or natural gas price.GAIL along with Oil......

Gail's LPG sale plan nixed

 The petroleum ministry has turned down the demand of Gail (India) Ltd that it be allowed to market the liquefied petroleum gas produced by it. However, it has moved a Cabinet note for allowing all......

Govt may allow GAIL to charge marketing margin

 In a significant development, the government may allow state gas utility GAIL India to charge a marketing margin on sale of administered pricing mechanism or subsidised natural gas. The government......

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