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  • Govt mulls combination of fuel price hike, duty cut(The Hindu Busienss Line 10th Dec 2007) The Government is mulling a combination of fuel price increase and duty cuts to oust the impact of rising crude prices, Petroleum Secretary M S Srinivasan said on Monday.
    ONGC cuts gas supply after pipeline leak ( The Hindu Busienss Line 10th Dec 2007)State-run explorer Oil and Natural Gas Corp (ONGC) said it had cut gas supplies by about 0.5 million cubic metres per day following a leak in a pipeline off the west coast of India.
    Reliance third well in Cauvery Basin turns out to be dry ( The Hindu Busienss Line 10th Dec 2007) Reliance Industries Ltd (RIL) seems to have run out of luck in its deepwater Cauvery asset. The company has been able to strike hydrocarbon in only one of the three wells drilled in CY-DWN-2001/2 (CY-D5). In October, RIL had re-entered the asset to carve out the third well.
    GAIL enters into transmission deal with Reliance Gas (The Economic Times 10th Dec 2007)GAIL India and Reliance Gas Transportation Infrastructure have entered into an agreement for transmission of natural gas from the Krishna-Godavari basin. The agreement provides for transportation of natural gas from the exploration block located in the Krishna-Godavari basin in the east coast of India through GAIL's network and for booking of capacity by GAIL in RGTIL's East-West pipeline.
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