Hindustan Petroleum Corporation Limited´s (HPCL) Visakh Refinery processed 9.2 million tonnes (MT) of crude oil during 2015-16, which was nearly 111 per cent of its installed capacity of 8.3 million metric tonne per annum (MMTPA).
Author: admin (Infratructure Today)
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India-US team finds huge gas hydrate deposits
India´s petroleum ministry and the US Geological Survey have discovered large, highly enriched accumulations of natural gas hydrate -an icy form of the fuel - in the Bay of Bengal, opening up a new resource to meet energy needs.
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Petronet LNG plans $3 billion investment in overseas push
Petronet LNG aims to spend up to $3 billion in the next five years to expand overseas, setting up terminals in Sri Lanka and Bangladesh among other countries. Falling spot LNG prices have boosted consumption of the fuel in India and triggered demand for LNG infrastructure in countries long shut out of the gas trade.
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ONGC seeks buyers for deep-water field in KG Basin
Oil and Natural Gas Corporation (ONGC) is seeking buyers for gas from a new deepwater field in the KG Basin, which will be the first to supply under the new policy that allows companies to charge a much higher rate for output from challenging fields.
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GSPL signs GTA with RFCL
GSPL India Transco Ltd (GITL), a subsidiary of Gujarat State Petronet Ltd (GSPL), has signed a Gas Transportation Agreement (GTA) with Ramagundam Fertilizers & Chemicals Ltd (RFCL) to supply 2 MMSCMD of natural gas for a period of 20 years.
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ONGC, HPCL may sell stake in MRPL
State-owned ONGC and Hindustan Petroleum Corp Ltd (HPCL) may sell a part of their stake in Mangalore Refinery and Petrochemicals Ltd (MRPL) to comply with regulations on minimum public holding.
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India, US sign bilateral agreement for hydrocarbon
The Indian government has signed a three-point bilateral agreement with the US government aiming to harness new technologies in the hydrocarbon sector. The agreement was signed between Oil Minister Dharmendra Pradhan and US Secretary of Energy Dr Ernest Moniz in Washington.
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Rs.2,237-cr revenue generated from 74 coal mines
Revenue of around Rs.2,237 crore has already been generated till May-end from the allocation of 74 coal mines, Coal and Power Minister Piyush Goyal said in a reply to Rajya Sabha. The estimated revenue from the e-auction of 31 coal mines is Rs.1,96,689 crore, he added.
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AAI makes a profit of Rs.2,537.36 crore
National airports operator Airports Authority of India (AAI) has enhanced its net profit to Rs.2,537.36 crore in the last fiscal as against a profit-after tax of Rs.1,959.22 crore in FY 15, Minister of State for Civil Aviation Jayant Sinha informed Parliament.
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GWMC allocates Rs.100 cr for Smart City Mission
The Greater Warangal Municipal Corporation (GWMC) has allocated Rs.100 cr as its share for the Central Government´s Smart City Mission (SCM). The amount has been allocated from the special grant of Rs.300 crore to be allocated for Warangal every year for the next three years.