Gujarat State Petroleum Corp (GSPC) is in talks with the Government of Singapore Investment Corporation (GIC), for raising funds, a top company official said.
Author: admin (Infratructure Today)
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OIL mulls 19K cr capex
Oil India (OIL) targets Rs 19,000-crore capital expenditure during the 12th Five Year Plan. The explorer is also planning to foray into other sources of energy such as solar and wind.
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ONGC to farm out equity in CBM assets
ONGC is exploring opportunities to farm-out equity interests in its four CBM assets including one in West Bengal and three in Jharkhand.
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Gas hydrates on east coast
Huge reserves of gas hydrates have been identified along the east coast of India by scientists from the National Geophysical Research Institute (NGRI).
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IOC to set up refinery
Indian Oil Corporation (IOC) is considering setting up its eighth refinery in a western-coast state by 2021-22.
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India to bid for shale gas exploration
In order to meet the growing energy needs, India will lauĂÂnch its maiden bid round for exploration of shale gas during the 12th Plan period (2012-17). As per the available data, six basins - Cambay (in Gujarat), Assam-Arakan (in the North-East)
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ONGC looks for foreign partnership in oil hunt
The state-run ONGC is exploring the possibilities of a tie-up with gloĂÂbal companies to boost its domestic deep-water hydrocarbons hunt. On offer are 19 oil and gas acreages, including the east coast ultra-deepwater gas diĂÂsĂÂcovery
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RIL, BP ink gas joint venture
Reliance Industries (RIL) and BP have set up India Gas Solutions, a 50:50 joint ventĂÂure company, to globally souĂÂrce and market natural gas in India. It will also develop infrastructure for transportation and marketing of the gas.
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Rs 120 bn refinery in AP
Amerind Petroleum (Amerind) proposes to set up a neaĂÂrly Rs120 billion petroleum refinery near Visakhapatnam, in joint technical collaboration with the US-based American Industrial Corporation (AIC).
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Private sector leads power capacity additions
The private sector developers accounted for much of the power capacity addition that has taken place so far this fiscal. During April-October 2011, the private sector added 4,301 MW, more than what was added by the public sector utilities put together.