Indian Oil Corporation (IOC) will invest around Rs 14,000 crore during the current fiscal and would soon look for a partner for its Rs 10,000 crore LNG terminal project near Chennai.
Category: Oil & Gas
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Adani projects flounder on security
The Adani Group-promoted Mundra Port SEZ has not been able to bid for at least four major port projects because of the Centre withholding security clearance.
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Quippo plans oil exploration
Quippo Oil & Gas Infrastructure (QOGIL), promoted by Srei Infrastructure, aims to start its oil and gas exploration at Cambay Basin in Gujarat during the current fiscal.
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Piggybacking: Riding on gas boom
By 2020, India will need 115 to 135 billion cu m of natural gas supply, much of which is planned as an alternative to both power and energy needs.
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JNPT bidding process cleared for fourth box terminal
The Supreme Court has allowed Danish port operator APM Terminals to participate in the bidding process paving way for Jawaharlal Nehru Port Trust (JNPT)
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RIL may price gas for non-core users
The government has deciÂded to supply gas at regulated rates only to a few top-priority consumers - a move that will grant Reliance Industries (RIL) substantial pricing freedom.
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Shale gas: The new kid on the energy mix block
While we have made good progress with CBM, shale gas presents an opportunity we cannot afford to neglect when looking at a viable option for our energy sufficiency. The government will soon come out with a policy on what is acclaimed as the newfound energy saviour.
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Gas pipeline to boost natgrid
The Petroleum and Natural Gas Regulatory Board (PNGRB) today granted authoÂrisation to the State Government-controlled Gujarat State Petronet Ltd-led consortium for constructing the Mallavaram (Andhra Pradesh)-Vijaipur (Madhra Pradesh).
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PSU oil cos seek Rs 300 bn for losses
Public sector oil marketing companies have sought Rs 30,000 crore from the government as compensation to level up the revenue loss they suffered last fiscal by selling fuel at government-fixed cheaper rates.
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R-LNG to meet gas demand-supply gap
The demand for natural gas, the cheapest available energy option, is rising exponentially. The current domestic supply of gas is just over 150 mmscmdwhile the demand is around 225 mmscmd.