The Sahara group has entered the oil and gas sector with the purchase of EnSearch Petroleum Pvt Ltd from Vinay Maloo-promoted Enso Group. EnSearch Petroleum has 13 assets in its portfolio with a net combined acreage of around 33,207 sq. km.
Author: admin (Infratructure Today)
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Essar to explore CBM overseas
Essar Group is keen to use its expertise to prospect for coal-bed methane (CBM) overseas, and is looking to enter into strategic partnerships with other oil and gas companies to do this.The group is in talks with four of ChinaĆ¢ā¬ā¢s largest oil and gas producing companies.
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GSPC, BG India for long-term LNG supply
Gujarat State Petroleum Corporation (GSPC) entered into a preliminary agreement with BG India, subsidiary of the BG Group, for the long-term supply of up to 2.5 million tonne per annum (mtpa) of liquefied natural gas (LNG). The agreement will help GSPC bridge the widening demand-supply deficit, both in Gujarat and across India
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GAIL projects face land acquisition hurdles
GAIL has stalled pipeline projects worth Rs 3,000 crore due to land acquisition problems.The state-run company has sought the Environment MinistryĆ¢ā¬ā¢s help is resolving the issue.
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Coal projects face obstacles
The countryĆ¢ā¬ā¢s increasing energy needs are being hampeĆĀred by regulatory delays for coal mining projects. India could import around 250 million tonne of coal a year by 2015, more than double import levels this year, says Coal Minister Sriprakash Jaiswal.
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NMDC stake in Sunflag
NMDC has signed an initial agreement with Sunflag Iron & Steel Co to acquire a 26 percent stake in a Mozambique coal project.The pact with Sunflag forms part of NMDC's plan to invest in coking coal and iron ore assets overseas to propel its iron ore and upcoming steel projects.
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VOC Port's e-sail initiative
The VOC Port has selected Chennai based L&T Infotech for implementation of a Rs 19.75 crore web-enabled integrated electronic port information system.
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NH 56 development
The Cabinet Committee on Infrastructure (CCI) has approved the implementation of the project of four laning of Lucknow-Sultanpur section from 11.5 km to 134.7 km on NH 56 in Uttar Pradesh under NHDP Phase IV A to be executed in BOT mode on DBFOT basis.
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Reliance Power project gets approval for carbon credits
Reliance Power said its 3,960 MW Tilaiya ultra mega power project in Jharkhand has got approval for carbon credits from the United Nations Framework Convention on Climate Change (UNFCCC).Reliance Power's Tilaiya UMPP would earn Rs 2,000 crore by trading carbon credits during the first 10 years of its operations, the company said.
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GVK arm bags highway project in MP
GVK Power and Infrastructure Ltd has announced that GVK Transportation Pvt Ltd, a wholly owned subsidiary, has been chosen through an international competitive bidding process to take up the four-laning of Shivpuri-Dewas section of National Highway No 3 in Madhya Pradesh.