Shale technology – the new ‘Swing’ producer that sets global oil prices?
The develpoment of shale technology, is greatly challenging the conventional rules of the global oil markets, particularly in the US, says Olivier Appert, President of the World Energy Council French...
View Article1,000 crore infusion from IOCL shoots up Chennai Petroleum’s networth
CPCL is set to infuse Rs 1000 crore from its parent company (IOCL). The proposal to issue preference shares to IOCL to raise the capital has already been approved by the company’s board and...
View ArticleNo more extension of tax holidays for power, oil & gas companies
The finance ministry is working on to phase out tax exemptions and incentives to specific sectors such as power, oil & gas which means no further tax holidays for these sectors. The road map may...
View ArticleIndia should bypass Pakistan for gas pipeline with Iran : Assocham
As per Assocham views, India must explore the economic opportunities from lifting of western sanctions on Iran and bypass Pakistan for import of natural gas from Iran. By signing preferential trade...
View ArticleGovt. permits RIL to sell LPG to Pvt. marketers
Reliance Industries has secured nod from government to sell 1.5 lakh tonne LPG to private cooking gas marketers. India is deficient in LPG and has to import part of the requirement, the LPG Control...
View ArticlePetronet to raise fund upto Rs.1000 crore through bond issue
Petronet LNG Ltd, India’s biggest liquefied natural gas importer, will raise Rs 1,000 crore through bonds issue this fiscal mostly to pay off its existing debt. Petronet, the biggest liquefied natural...
View ArticlePetronet LNG announces new MD & CEO
Prabhat Kumar Singh has been appointed as the new Managing Director and Chief Executive Officer of Petronet LNG. He has also served as director of marketing at GAIL India. Singh has replaced AK Balyan....
View ArticleAnand Pattani appointed as MD of Black & Veatch India
Black & Veatch, has appointed Anand Pattani as the new Managing Director for the company’s operations in India. Pattani will lead the company’s efforts in the restoration of holy rivers through...
View ArticleGOI allots gas to GMR Energy
GMR Energy has said that its gas based plants – 370 MW GMR Vemagiri Power Generation Limited (GVPGL) and 768 MW GMR Rajahmundry Energy Limited (GREL) – in Andhra Pradesh has received an allocation of...
View ArticlePNGRB likely to end gas distributor monopoly
In order to end the marketing monopoly of city gas providers,The Petroleum and Natural Gas Regulatory Board (PNGRB) has inducted consultants. In a public notice it said, it “intends to declare the end...
View Article1 lakh PNG connections by IGL in FY15
Indraprastha Gas Ltd (IGL) Chairman M Ravindran has stated that in the National Capital Region (NCR), has provided a record one lakh piped natural gas (PNG) connections in 2014-15 to its new domestic...
View ArticleIndia to invest $15 billion in Iran
Shipping Minister Nitin Gadkari said that India is poised to invest over $15 billion in Iran to build projects of Chabahar Port if, Tehran provides better terms and cheaper gas. The Minister said “We...
View ArticleIndia Seeks LNG price cut from Qatar
The country is seeking a cut in gas price from Qatar, its largest liquefied natural gas (LNG) supplier in order to match the 60 per cent slump in global rates in the last one year. India purchases 7.5...
View ArticleIOC to supply cooking gas via Bangladesh water route
Manager of Bishalgarh gas Giridhari Adhikari has stated to Principal Secretary of Tripura Food Department, S K Rakesh that Indian Oil Corp (IOC) is seeking to bring cooking gas using water route of...
View ArticleGlobal crude oil price of Indian Basket was US$ 44.79 per bbl on 28.09.2015
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 44.79 per barrel...
View ArticleIOC inks with Punjab Roadways
Indian Oil Corp (IOC) has signed an agreement with Punbus and Punjab Roadways to supply discounted diesel at a discount of Rs. 1.05 per litre for next five years on the existing rate. An official...
View ArticleKarnataka assembly nod for JV for gas distribution network for Bengaluru
Karnataka assembly has approved the formation of a JV to execute City Gas Distribution (CGD) network in the state. The CGD network will provide fuel to the households and CNG vehicles throughout the...
View ArticleGlobal crude oil price of Indian Basket was US$ 47.34 per bbl on 16.10.2015
The international crude oil price of Indian Basket as computed/published by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 47.34 per barrel (bbl) on...
View ArticleGlobal crude oil price of Indian Basket was US$ 44.90 per bbl on 22.10.2015
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 44.90 per barrel...
View ArticleGlobal crude oil price of Indian Basket was US$ 45.02 per bbl on 23.10.2015
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 45.02 per barrel...
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