Oil Minister Dharmendra Pradhan has vowed to protect government and ONGC´s interest on the issue of its natural gas from Bay of Bengal
Category: Oil & Gas
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Intellectuals Aboard
More than a year after it sacked three UPA-appointed independent directors on ONGC board, the government has appointed ex-IFS Ajai Malhotra
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IL&FS Maritime Infrastructure
Indian Ports comprising 13 Major and 187 Non Major ports form the backbone of the EXIM trade in India and handle 95 per cent by volume and 70 per cent by value of the trade.
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Paradip plant to be major petrochem feedstock supplier: IOC
The upcoming refinery of state-run Indian Oil Corporation (IOC) at Paradip would be a major producer of feedstock for the downstream petrochemicals industry, a top official of the company said.
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Oil & gas block auction policy to be ready by FY16: Pradhan
Government expects to finalise the new policy for auction of oil and gas blocks during the ongoing financial year, Oil Minister Dharmendra Pradhan said.
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Govt rejects Cairn appeal to renew Rajasthan block deal
The government has rejected Cairn India´s plea to renew the contract for the prolific Rajasthan block with the existing terms and conditions and has asked for the investment plan for the renewal period to assess the extent to which the state´s share of profit can be raised.
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ONGC targets $10-$12 bn foreign oil and gas investments
The foreign investment arm of India´s top oil explorer ONGC is targeting $10-$12 billion of oil and gas asset purchases over the next three years, including more corporate acquisitions, its managing director said.
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Petronet LNG contract to be reviewed
Petronet LNG, India´s leading gas importer, is in discussions with Qatar´s RasGas to tweak a decade-old liquefied natural gas (LNG) procurement deal. The Indian firm has been forced to cut down gas volumes from Qatar after the price of fuel bought through this long-term contract has become almost double the spot prices.
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No headway in pipeline project
The ambitious Rs.10,000 cr gas pipeline project to Kashmir is caught in bureaucratic wrangles for the past three years as a proposed MoU between the state government and GSPL India Gasnet Limited (GIGL) Gujarat- the executing agency for the plan- is yet to be signed.
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LNG more viable than coal
India is already among the world´s largest energy consumers. Urbanisation, industrialisation, and the government´s commitment to 24 x7 energy access for all imply that our need for power will continue to grow.