CAG’s right to audit oil & gas blocks unquestionable: Rangarajan
New Delhi: The Rangarajan Committee appointed by the Prime Minister reviewing the oil and gas contracts has disclosed CAG’s authority to audit expenses as unquestionable. “Audit process is prerogative...
View ArticlePetronet to initiate Rs4200 cr LNG terminal by March end
Kochi: Petronet has set its pitch ready to commission the Rs4200 crore LNG terminal near Puthvype by March end. “The work of the terminal is almost complete and final testing of some equipment is going...
View ArticleRussia’s oil production reaches 518.017 MT in 2012
Moscow: Russia marked a 1.3% increase in its oil production statistics, touching 518.017 million tonnes (MT), disclosed a data released by the Central Administration of the Fuel and Energy Complex. The...
View ArticleGSPL to receive 1 MTPA natural gas from Petronet LNG
Ahmedabad: Gujarat State Petronet Ltd (GSPL) entered into a contract with Petronet LNG Ltd (PLL) to purchase 1 million tonne per annum (MTPA) of natural gas. According to the deal outlined , the...
View ArticleONGC to augment gas production
ONGC expects to augment its gas production up to 2 million standard cubic meters per day (MMSCMD) as two of its eastern offshore wells are ready for production. Plans are afoot to drill more wells by...
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GAIL, Chubu Electric ink MoU for joint LNG procurement
New Delhi: State-owned natural gas processing and distribution company GAIL and Japan based Chubu Electric Power Co Inc has signed Memorandum of Understanding (MoU) to explore possibilities for joint...
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Shell inaugurates first Research Centre in China
Shanghai: Royal Dutch Shell has unveiled new global centre in Shanghai, China – Shell (Shanghai) Technology Ltd – dedicated to lubricants and oils. The Shanghai facility becomes the company’s third...
View ArticleIndia to be Connected with Russia through $ 30 bn Oil Pipeline
Riding on the expectation of rising energy demand in the World’s two largest populated nations China and India, Russia will be soon connected with these two geographies through a common oil pipeline...
View ArticleRevision of Gas Price will help Increase Availability
A report by EY said that the new natural gas policy that almost doubles the price of the fuel will lead to an increase in domestic production as it improves the commercial viability of marginal and...
View ArticleHigh Gas Prices to Hurt Fertilizer Sector
New Delhi: Contending that the government’s new pricing guidelines stipulating much higher prices for domestic natural gas will make the Indian fertiliser industry uncompetitive, the Fertiliser...
View ArticleGCA to resolve ONGC-RIL dispute
NEW DELHI: Global independent consultant Gaffney, Cline & Associates (GCA) is likely to be appointed to verify state-owned ONGC’s claims that gas from its Krishna Godavari fields may have flowed...
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ONGC to invest Rs 5,700 cr in Mumbai High
Mumbai: Oil and Natural Gas Corp (ONGC) will invest over Rs 5,700 crore in redevelopment of its giant Mumbai High (North) oil and gas field off the west coast. The project will yield an incremental...
View ArticleIndia’s FY15 Budget Neutral for Oil & Gas sector: Fitch
Mumbai: Fitch Ratings says that the Indian budget for the year ending 31 March 2015 (FY15) did not introduce any major new measures for the oil and gas sector and would be neutral for Fitch’s rated oil...
View ArticleGovt preparing draft policy for coal gasification
The government is preparing a draft policy on underground coal gasification, according to Coal and Power Minister Piyush Goyal. “A draft policy is under formulation for development of Underground...
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Work on Energy Highway for Eastern India to commence shortly
New Delhi: Work is set to commence on the Jagdishpur – Phulpur – Haldia natural gas pipeline which will connect Eastern India and the national gas grid. State-owned natural gas processing and...
View ArticleBPCL to invest Rs 35,000 cr in the next three years
In the next three years Bharat Petroleum Corp (BPCL) plans on investing Rs 35,000 crore. The company plans to augment its refining capacity by a third, by expansion and up-gradation of existing...
View ArticleONGC to start oil production from Krishna Godavari Block by 2019
ONGC will start oil production from its Krishna Godavari basin block KG-DWN-98/2 or KG-D5 in 2019. It will produce 4.5 million tonne each year, which is 20 per cent more than the previous estimates....
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UP to constitute panel for GAIL pipeline
The Uttar Pradesh government has agreed to constitute a high power panel to provide single window clearance for construction of GAIL’s Jagdishpur-Haldia gas pipeline. The committee will help in...
View ArticleEPC World Awards 2014 Winner List
EPC World Awards 2014 Winner List | Presented by EPC WORLD MEDIA GROUP Awards Title Company Name EPC CATEGORY Outstanding Contribution in Urban Infrastructure Hindustan Construction Company Ltd. for...
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IOC to start land acquisition for expansion of its Gujarat facility
The Gujarat refinery of state-run Indian Oil Corporation Ltd (IOC) near Vadodara will start the process of land acquisition for its proposed Rs. 6,800 crore capacity expansion project. According to S K...
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