Delhi Metro has been certified by the United Nations (UN) as the first metro rail-based system in the world to get carbon credits for conÂtributing to the fight against climate change by help reduÂcing pollution levels in the city by 6.3 lakh tonne every year.
Category: Oil & Gas
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Crude oil production up
India’s crude oil production rose by 1.6 per cent in August to 3.24 million tonne as higher output from Cairn India operated Rajasthan fields offset the decline at the state oil and gas explorer ONGC’s assets. Cairn’s Rajasthan oilfields produced 542,000 tonne, 1.8 percent more than August 2010. On the other hand, ONGC saw a decline in output by 1.1 percent to 2.03 million tonne.
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Sahara enters O&G sector
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.
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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 China’s largest oil and gas producing companies.
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RIL withdraws from Oman
Reliance Industries (RIL) has withdrawn from an offshore oil exploration block in the Sea of Oman.
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India committed to IPI proj
Indian government is keen to pursue the ambitious Iran-Pakistan-India (IPI) gas pipeline project.
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OVL to double oil output
ONGC Videsh (OVL) is targeting doubling of crude oil production from its assets abroad to 20 million tonne by 2020.
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HPCL to revive Vizag refinery
With a keen interest to revive $10 billion refinery-cum-petrochemicals project at Vizag in Andhra Pradesh, Hindustan Petroleum Corp (HPCL) is in talks with BP Plc and Total SA of France.
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GAIL to begin Dabhol-Bangalore pipeline project
As farmers and the Gas Authority of India (GAIL) have signed a deal recently, the stalÂled Dabhol-Bangalore Liquefied Natural Gas pipeline project will begin soon.
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ONGC invests Rs 24,890 cr
Oil and Natural Gas Corp (ONGC) said that it is investing Rs 24,890 crore in developing marginal oil and gas fields to make up for fall in production at old and ageing properties.