International energy giant ConocoPhillips has studied 19 ultra-deep-water blocks of Oil and Natural Gas Corporation (ONGC) and would choose the ones that it plans to acquire.In order to benefit from technology and the experience of ConocoPhillips in deep water blocks, ONGC decided to partner with the company. The US-based firm is holding discussion with ONGC on this matter and it is learnt that the former might pick stake in more than one block.
Author: admin (Infratructure Today)
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Experts on O&G sector
Experts feel that the regulatory regime in the oil and gas sector must evolve to resolve new challenges and promote growth. One of the key issues in the sector is pricing. Oil and gas pricing has been controlled by the government - almost entirely until April 2002 under the Administered Price Mechanism (APM), and through indirect control since.
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RIL to appraise discovery in Cauvery basin
Reports indicate that Reliance Industries (RIL) would appraise its discovery in the Cauvery basin and submit a field development plan to the government. This follows issuance of approval letter by government to the operator (RIL) to appraise the discovery. The move is expected to enable the company extend its deep-water portfolio beyond the controversial D6...
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Vizag to implement ` 20 billion worth projects through PPP route
Ajeya Kallam, Chairman of Vizag Port informed that the port expects to complete Rs 2,000 crore worth of capacity augmenting projects through public-private partnership mode by 2015-16.
Through these projects, the port authority plans to raise its cargo handling capacity to 140 million tonne from the present 66 million tonne. Of the nine projects, the port has already taken up six under the PPP mode with an investment of Rs 1,500 crore, he said.
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Paradip Port seeks waiver of license norms
Paradip Port Trust (PPT) is awaiting a positive response on its request to waive license norms for storing imported coal at its warehouse. The port is mandated to secure a storage licence and a transport license for all mineral transactions under the Odisha Mineral (Prevention of Theft, Smuggling and Illegal mining and Regulation of Possession, Storage and Transportation) Rules, 2007.
The norm is intended to check unauthorised use of the stateÂ’s natural resources. The time-consuming and unneces
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Royalty on cargo handlers
In a bid to increase its revenue, the Kolkata Port Trust (KoPT) is considering to charge a royalty of Rs 25 per tonne on cargo
handlers at the Haldia Dock Complex (HDC). The port set up a committee to decide on the royalty that may be charged from cargo handlers. The committee decided upon a rate of Rs 25 per tonne. This is primarily for shore handling at the Haldia Dock Complex, reports indicate.
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Captive berth in Kandla Port
Narendra Murkumbi, Managing Director of Shree Renuka Sugars (SRS) informed that the firm, which secured a contract to operate a captive berth in Kandla Port, expects to start operation in a year.Through this captive berth, SRS plans to handle about one million tonne of raw sugar and about 2.5 lakh tonne of coal to fuel its refinery. The capacity creation at port will require investments of Rs 22 crore.
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OdishaÂ’s port connectivity projects
Odisha government proposed the National Highways Authority of India (NHAI) to upgrade road connectivity to six non-major ports in Astarang, Baliharchandi, Gopalpur, Dhamra, Chudamani and Subarnarekha. It may be recalled that in February 2012, the Odisha government awarded the contract for feasibility studies for four-lane connectivity to these non-major ports to two consultants.e "preloaded content"
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Ramayapatnam port work
Work on Ramayapatnam port in Prakasam district of Andhra Pradesh will begin in the new year, the State Municipal Administration Minister M Mahidhar Reddy said. According to Reddy the district was poised to witness tremendous growth on the industrial front with the coming up of the second major port in the State after Visakhapatnam. A proposal for setting up a Rs 3,000-crore industrial corridor was being considered, he added.
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India, US join hands to develop solar energy
An initiative has been jointly taken by India and the United States to develop solar energy through photovoltaic (PV) projects and concentrated solar power (CSP), also known as solar thermal. This comes four months after India experienced one of the worldÂ’s biggest blackouts, which affected more than 680 million people.
Titled ‘SERIIUS’ (Solar Energy Research Initiative of India and the United States), the $50 million project would be conducted by the Bangalore-based Indian Institute of Science