Petronet LNG is planning to let out its liquefied natural gas (LNG) storage facility at Kochi to an international operator to improve utilisation. The 5-million-tonne-a-year terminal is operating at just 5 per cent of its total capacity posing a heavy burden to the company, as it is not connected with pipelines´ network.
Category: Oil & Gas
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IOC LPG unit near Kochi
Indian Oil Corporation (IOC) has set up a Rs 600-crore import facility at Puthuvypeen near Kochi with a capacity to handle 0.6 million tonne a year to meet the requirements of Kerala and neighbouring states.
The company has also received approval for a 400-km cross-country LPG pipeline from the import terminal to BPCL Kochi Refinery and to Salem via Coimbatore.
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More gas reserves in Jaisalmer
Focus Energy has discovered new gas reserves in Jaisalmer in the same block where it had found new reserves in October 2012. According to officials, the company found gas in nine wells in SJL field in RJON/06 in Bachia, Lohar village in Shahgarh Bulj area.
The gas reserve was discovered at 3,465 m depth and is stretched up to five km area. Study and experiment has started to ascertain the exact quantity of oil in those wells.
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Wartsila to supply LNG terminal to Finland
Wartsila , a leading global supplier of power plant and ship power solutions and services, has signed a turnkey contract to supply a liquefied natural gas (LNG) receiving terminal to be built in Tornio, northern Finland. The contract, valued at approximately EUR 100 million, has been made with Manga LNG Oy, a joint venture between the Finnish companies Outokumpu Group, Ruukki Metals Oy, Gasum Oy and EPV Energy.
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New DGH
BN Talukdar, Director for Exploration in Oil India (OIL), has been appointed the new Director General of Hydrocarbons (DGH). A petroleum engineering graduate from the prestigious Indian School of Mines, Dhanbad, Talukdar has been head of OIL´s exploration, development, reservoir management and drilling activities since December 2007. Prior to joining the Board, Talukdar held the post of Group General Manager (Geosciences) in the fields in the North-East India.?
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Towards a safer offshore O&G Industry
New regulations, such as the recently issued EU Offshore Safety directive, mirror a zero tolerance for offshore accidents. Yet, major accidents still occur.
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Heinzmann to retrofit IR’s diesel locomotives
Heinzmann GmbH & Co has received a major order from Indian Rialways (IR) to retrofit an initial 40 diesel locomotives to run on natural gas. This minimises the diesel injection, which is only needed to ignite the gas-air mixture.
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Berth No. 18 under construction at New Mangalore Port
Petroleum Oil and Lubricant (POL) berth no. 13 was recently commissioned at New Mangalore Port to cater to the additional demand of the potential users. This berth has the cargo handling capacity to the tune of 7.8 MTPA. The construction of this berth had cost Rs 79.17 crore.
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Oil and gas: Heading for a plateau
Hindsight: Closing the year 2013-14 we expect a good growth in revenue compared to past years, since output has perhaps peaked in this year, because of executing many domestic and international projects.
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Oil and gas: Heading for a plateau
Hindsight: Closing the year 2013-14 we expect a good growth in revenue compared to past years, since output has perhaps peaked in this year, because of executing many domestic and international projects.