India is said to be having shale gas reserves in at least 250 existing oil and gas blocks. According to government estimates, a few basins in India together have a potential to produce 63 trillion cubic feet (TCF) of shale gas, while it has a total shale potential of close to 300 TCF. Experts say shale gas and oil reserves may be present in at least 11 more basins
Author: admin (Infratructure Today)
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India’s natural gas import may rise
Reports indicate that India's dependence on import for natural gas may increase in the coming years because of the dwindling output from the Reliance Industries' KG D6 basin. Output at the KG-D6 basin declined to an all-time low of 17.3 million standard cubic meters per day (mmscmd) recently. Of this, about 15.2 mmscmd was suppl
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Minister discusses plan to set up pipeline in Kazakhstan
External Affairs Minister Salman Khurshid discussed a proposal of the country to build an oil pipeline in Kazakhstan during a meeting with Kazakh Foreign Minister Erlan Idrissov. According to media reports, the proposed pipeline may have to cover over 930 miles, making it longer than a long-planned pipeline from Turkmenistan
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IPPL unveils new terminal at Ennore
IndianOil-Petronas (IPPL), a Joint Venture between IndianOil Corporation and Petronas of Malaysia, unveiled LPG import-export terminal at Ennore, near Chennai. The terminal is said to be having an installed capacity of 600,000 tonne per annu and provision has been made to double the capacity. The new terminal would ensure not only increased LPG availability but also avoid
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OMCs to discuss plans to increase LPG distributors
M Nene, Director (Marketing) of Indian Oil Corporation (IOC) informed that oil marketing companies (OMCs) would discuss with the union oil ministry their plans to raise the number of LPG distributors. OMCs feel the need to increase the number of distributors across the country, going by the 2011 census. Indian Oil Corporation alone has 6,000 distributors as of now and the firm plans to raise it to 7,000
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OMCs reduce petrol price by 85 paise a litre
State-run Oil Marketing Companies (OMCs) reduced price of petrol twice in a span of 15 days since March 16. While they reduced petrol price by Rs 2 per litre (excluding VAT) on March 16, they again cut the price by 85 paise per litre from April 1. The OMCs also reduced the prices of non-subsidised domestic cooking gas by Rs 3 a litre. A 14.2-kg non-subs
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NMDC trims price of lumps for 5th time since Oct
Iron ore mining firm NMDC reduced price of higher grade iron ore (lumps) for the fifth time since last October. This time, the state-run miner cut the price of lumps (having iron content of 62 per cent or above) by about 7 per cent for April. However, the company has not changed the price of iron ore fines (lower grade) for the second month in succession
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RDCIS completes 5 MoUs in 2012-13
According to a statement from the Research & Development Centre for Iron & Steel (RDCIS), the centre completed five memorandum of understandings (MoU) projects and 54 planned R&D projects during the 2012-13. These projects and the MoU would result in a financial benefit of Rs 570 crore, the corporate unit of the SAIL said in the statement
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Rising cost may prompt steel firms to hike price
Rise in coking coal prices and the increase in rail freight tariff may prompt steel makers in the country to hike prices of flat and long steel products, reports indicate. The transportation cost for the steel makers rose by Rs 60 per tonne because of the hike in rail freight from this mont
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Sterlite declares force majeure
D Dhanavel, General Manager of projects at Sterlite Industries (India) informed that the firm exercised force majeure on purchases of copper concentrates, the base material used by the plant. The company took this move following the recent closure of its smelter plant in Tamil Nadu after complaints of a gas leak