Cairn India is working on raising crude oil production from its Barmer fields in Rajasthan. The company’s production from Rajasthan has reached 175,000 barrels a day and the
Author: admin (Infratructure Today)
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OVL eyes stake in Arctic Ocean projects
Reports suggest that ONGC Videsh (OVL) is interested in picking up stake in the oil and gas exploration projects in Arctic Ocean and expand in Siberia and Far East Russia.
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OEC ties up with Talboom
Talboom, a geothermal energy firm in Belgium, has entered into a joint venture with ONGC Energy Centre (OEC) for harnessing the energy in South Cambay basin of Gujarat.
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Shale gas exploration
Cairn India plans to bid for shale acreages once the bidding process starts by 2013. According to the proposed policy, the contractor will also be exempted from payment of cess on shale oil.
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ONGC to sell stake
ONGC will shortly farm out nearly 26 per cent stake in its KG-DWN-2004/6 block in the Krishna-Godavari basin to Japan’s Inpex Corporation.
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14,000 km gas pipeline
According to a government statement, 14,000 km of natural gas pipeline infrastructure is under various stages of implementation in the country.
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10% more coal supply in FY13
The Power Ministry expects Coal India and its subsidiaries to supply 347 million tonne (mt) of coal this financial year, compared with 312 mt in 2011-12, a rise of 10.1 per cent
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Banks shy of funding PPP projects in highways
Reports suggest that petroleum and natural gas and highways sectors witnessed maximum number of delayed projects owing to lack of funding or issues like statutory clearaÂnces.
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More conditions to get bank funds for road projects
The Union Finance Ministry has cited some suggestions as part of its attempts to improve the risk management practices of the public sector banks (PSBs) with regard to the roads sector.
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Power finance cos to see higher growth
A research report by Avendus Securities stated that power finance and housing finance companies are likely to have better time going ahead while finance companies engaged in the retail sector may see moderation in demand growth.