P Lakshmi, Minister of State for Petroleum & Natural Gas informed the Lok Sabha that ONGC Board has recently approved a turnaround or reconstruction project in Bassein fields in its meeting held on March 20, 2013, at an estimated cost of $207 million (Equivalent to Rs 1,138.50) with scheduled completion by April 2015. Further, she said, with implementation of various rede
Author: admin (Infratructure Today)
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Petronet holds talks on Rs 6 bn LNG terminal project
Petronet LNG is said to be holding early stage discussion with the Andaman and Nicobar administration for setting up its first liquefied natural gas (LNG) terminal outside mainland India. The proposed mini-LNG terminal, which may cost about Rs 600 crore, may have an initial capacity of slightly over 0.5 million tonnes (mn t) and this would prim
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Shiv-Vani says its contract is not banned by ONGC
In a press release, Shiv-Vani Oil and Gas Exploration Services clarified that ONGC cancelled the process of banning its contract as the latter is satisfied with the former's performance at the site the Kakinada processing facility. It may be noted that there were rumours that ONGC banned the contract given to Shiv-Vani Oil and Gas to install and operate one compressor along with one s
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Kerala govt urges centre to introduce CGD in Kochi
Kerala Chief Minister Oommen Chandy asked the union petroleum ministry to fast-track the implementation of the City Gas Distribution (CGD) project in Kochi. Recently, Chandy asked the union oil Minister Veerapa Moily to take proactive steps to realise the CGD project. In the letter, Chandy ensured his government’s “support including single window clearance for the realis
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Kerala govt wants centre to introduce CGD in Kochi
Kerala Chief Minister Oommen Chandy asked the union petroleum ministry to fast-track the implementation of the City Gas Distribution (CGD) project in Kochi. Recently, Chandy asked the union oil Minister Veerapa Moily to take proactive steps to realise the CGD project. In the letter, Chandy ensured his government’s “support including single window clearance for the realisation of the projec
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MRPL diversifies source of oil import
Global oil firm BP is learnt to have sold 650,000 barrel of Nigerian Okoro crude oil to MRPL for June 1-15 via a tender at a premium of about $5.60 a barrel to dated Brent. MRPL has also reportedly bought 650,000 barrels of Gabon's Rabi light sweet crude oil in a previous tender from Shell for May lifting at a premium of about $3.30 a barre
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United LNG seeks govt nod for gas supply to Petronet
Houston-based United LNG will supply 4 million metric ton a year of liquefied natural gas to Petronet LNG for 20 years after the US Department of Energy gives its approval. While both, Petronet and United LNG, signed a preliminary agreement for the supply of LNG, the final agree
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India bought 7.2% of total oil import from Iran
India imported 7.2 per cent of its total oil import in 2012-13 from the sanction-hit Iran, down from, down from 10.5 per cent in the previous fiscal. Of the 182.5 million tonne of crude oil imported in 2012-13, supply from Iran accounted for about 13.3 million tonne. In 2011-12, India imported 18.1 million tonne from the country. These were behind 32.5 million tonne from Saud
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NMPT may post Rs 138 cr net surplus
The New Mangalore Port, which recorded a 12.43 percent growth in cargo volume in 2012-13 at 37.04 million tonne (mn t), may announce about Rs 138 crore of net surplus during the year, reports indicate. If the port is able to post the above net surplus, then it would be the 8th consecutive year that the figure exceeds Rs 100 crore, reports suggest
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Sri Lankan govt takes steps to upgrade port infra
Sri Lankan government is taking efforts to upgrade its port infrastructure and as part of this it is investing $2.5 million on harbour in the south of the country and is executing an expansion project for the Colombo port. The government, which aims to promote the country as a "port hub" borrowed considerably to achieve this goal, and it is also wooing international investors to participate in the