Read more about Oil prices climb on favourable outlook for United States fuel demand on Business Standard. Oil prices climb on favourable outlook for United States fuel demand
Natural gas production remains a loss-making proposition for most fields for the Indian upstream producers as government-dictated gas price remains at its lowest level, rating agency Icra has said. The domestic gas price notified at USD 1.79 per million British thermal unit for the six months beginning April 1 remains the lowest since the institution of the modified Rangarajan formula. Additionally, the ceiling on price for gas produced from deep water, ultra deepwater, high temperature and high-pressure fields has also been announced at USD 3.62 per mmBtu for April-September 2021-22 which is 10.8 per cent lower than the price ceiling of USD 4.06 for October-March 2020-21 which would dampen the development of such projects.
ख़बर सुनें
भारत में ज्यादातर क्षेत्रों में प्राकृतिक गैस का उत्पादन अपस्ट्रीम उत्पादकों के लिए घाटे का सौदा बना हुआ है। रेटिंग एजेंसी इक्रा ने कहा कि सरकार द्वारा तय गैस के दाम अपने निचले स्तर पर बने हुए हैं और इससे उत्पादन पर नुकसान हो रहा है। एक अप्रैल से छह महीने के लिए घरेलू गैस का मूल्य 1.79 डॉलर प्रति इकाई (एमबीटीयू) तय किया गया है। नया रंगराजन फॉर्मूला लागू होने के बाद यह इसका �
Oil and Natural Gas Corporation (ONGC)’s Director (Finance) Subhash Kumar assumed additional charge as Chairman and Managing Director (CMD) on Thursday. An order on the matter was issued by the Ministry of Petroleum and Natural Gas on March 30, 2021. Kumar took charge upon the superannuation of incumbent CMD, Shashi Shanker on March 31, 2021. He has over 36 years of experience in diverse activities across the Exploration & Production (E&P) value chain. He joined ONGC in 1985 as a Finance and Accounts Officer and served in different capacities. After growing up along the hierarchy in ONGC, he had a long stint at ONGC Videsh, the overseas arm of ONGC, a company statement said.