In a move that may contribute to the growth of the energy sector in the country, Marsh decided to offer insurance broking and risk management services to firms in the sector. The company, which is the Indian subsidiary of Marsh & McLennan Companies, announced the launch of 12th global energy hub in Mumbai. The
Author: admin (Infratructure Today)
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RIL, BP secure oil supply tenders from Egypt
Reliance Industries (RIL) and its British partner BP secured large crude oil supply tenders from Egypt for 2013. Reports suggest that RIL secured the bulk (18 cargoes) on offer from EgyptÂ’s Ras Gharib terminal, winning around 1.5 million tonne of the heavy crude. BP managed to get 15 cargoes in 2013, amounting to 1.2 million
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RIL to conduct maintenance of Jamnagar unit
Reports indicate that Reliance Industries (RIL) planned to conduct maintenance operation at its newer 580,000 barrels-per-day (bpd) Jamnagar refining complex in January. Consequently, the company plans to close its crude distillation unit and a secondary unit temporarily. The company is planning to shut a 13.5 metric tonne per annum (270
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Eni waives pre-emption rights in favour of OVL
In a move that reduces the hurdle for ONGC Videsh's $5 billion bid to acquire ConocoPhillips' stake in Kashagan oilfield of Kazakhstan, one of the field operator Eni has publicly stated that it will not pre-empt or block the acquisition.
Italy's Eni is the operator of the first phase of the Kashagan oilfield that is due to start production in second quarter
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OVL plans to exit South China Sea block
According to source-based information, ONGC Videsh plans to exit the hydrocarbon block offered by Vietnam to it in the maritime region of South China Sea as it found that the bed of the block was very difficult. ONGC Videsh, the overseas arm of ONGC, feels that the cost of operating the block is higher than the benefits and so it is not conducting operation there. However, Viet
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Indonesian firm buys stake from RIL
PT Medco Energi Internasional of Indonesia bought the entire stake of Reliance Industries (RIL) in an exploration block in Yemen for about $90 million closing the deal which was announced in January. With this deal, Medco Energi will effectively have 21.25 percent participating interest (after taking into account a proportionate carried share of Yemen Oil and Gas Corp
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State-owned OMCs asked not to invest on petrol pumps
According to a government order, which was approved by the Oil Minister M Veerappa Moily, henceforth state-owned oil marketing companies (OMCs) will not invest in opening of new retail outlets and the investment is to be made by prospective dealers only. The order further states that the state-owned OMCs can set up petrol pumps only when the dealer is willing bear the Rs 1-1.5 crore cost of a
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Contracting opportunites in blast furnace
A blast furnace is a type of metallurgical furnace used for smelting to produce industrial metals, generally iron. In a blast furnace, fuel, ore, and flux (limestone) are continuously supplied through the top of the furnace, while air (sometimes with oxygen enrichment) is blown into the lower section of the furnace, so that the chemical reactions take place throughout the furnace as the material moves downward.
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Contracting opportunites in blast furnace
A blast furnace is a type of metallurgical furnace used for smelting to produce industrial metals, generally iron. In a blast furnace, fuel, ore, and flux (limestone) are continuously supplied through the top of the furnace, while air (sometimes with oxygen enrichment) is blown into the lower section of the furnace, so that the chemical reactions take place throughout the furnace as the material moves downward.
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Nalco plans alumina refinery project in Kutch
National Aluminium Company (Nalco) was incorporated in 1981 as a public sector enterprise of the central government and it has Asia's largest integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.