A committee headed by C Rangarajan, Chairman of the Prime MinisterÂ’s Economic Advisory Council (PMEAC), suggested an annual revision in the price of natural gas produced in the country. The revision should be based on monthly moving average of net back price for producers of Indian LNG and the other volume weighted price of USÂ’s Henry Hub, UKÂ’s
Category: Oil & Gas
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Ministry to take shale gas policy before cabinet
Noting that India has the potential to exploit shale gas, Union Oil Minister M Veerappa Moily informed that the proposed policy shale gas would be taken before the cabinet for approval soon. He also said that the shale gas policy that his ministry was working on was a positive and forward-looking one. Shale gas is an important source and potential of oil world over,
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Panel suggests production-linked deals
In order to overcome problems associated with the cost-recovery contracts in oil and gas exploration sector, a high level panel recommended the government to adopt production-linked contracts wherein companies would be chosen based on the amount of output they are willing to share with the government. The committee, under the PM's Economic Advisory Council ( PMEAC) Chairman C Rangarajan, proposed a mod
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Deal on US fiscal cliff raises oil prices
Crude oil futures in the international market rose marginally in recent trade because traders expected the US economy to avert recession after the US government arrived at a deal on fiscal cliff. Recently, the Senate and the House of Representatives approved a deal preventing a raft of aust
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City gas distribution is in evolution stage
The policy makers, regulator and CGD companies must come together and work towards bringing about positive changes in the sector to maintain its attractiveness, writes Samrat Chauhan.
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Heading for a revival?
Development of infrastructure is vital for the progress of Indian economy. However, a collective support of other sectors is required to achieve its goal. The year just gone was shaded with the dark patches of issues like slowdown and lack of policy initiatives. However, a realistic approach in policy frame work and the revival of the global economy can uplift the sentiments of the industry in the coming years. Arvind Mahajan writes on the performance and outlook of India's infrastructure sector
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Infrascape 2013 | Opening up of FDI should improve investment
The oil and gas sector was once again marred by mounting under-recoveries with upstream public sector oil companies takÂing a hit of Rs 30,200 crore during April-September 2012 period, a 39 per cent rise in the burÂden compared with the same period last year.
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Gujarat to remain a hot-spot for oil & gas sector
The vibrant state of Gujarat has been emerging as a major investment destination for the oil and gas sector due to the state governmentÂ’s sound economic policies.
Over the years, various industries such as power, automobiles, healthcare, gems, jewellery and ports have seen sharp acceleration in their businesses, boosting the stateÂ’s growth at a time when the countryÂ’s economic growth run-rate has been showing a downward curve over the past couple of years.
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Corporate planner
Divakar Marri is the Head - Corporate Planning & Program ManaÂgement (PMO) in Ramky Infrastructure Limited (RIL) since 2005. Divakar is a certified Strategic ManaÂgement Professional namely from Indian Institute of Management, Calcutta, India, Project ManaÂÂgement Professional (PMP) from Project Management Institute,
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Oil India to set up 2.5 mnt LNG terminal
Oil India (OIL) plans to make a footprint in the imported gas segment and as part of this it considers to set up a 2.5-million tonne (mn t) capacity LNG regassification terminal. The company has reportedly appointed Foster Wheeler AG as consultant to prepare a project report for the foray into imported gas.