Rajasthan government is evaluating the proposal of Cairn India to partner with Rajasthan State Petroleum Corporation (RSPCL) and Gail to launch city gas distribution service in the state, reports indicate. The state government may take a final decision by this month-end, according to some media reports. The company could be a good fit as the original contours of the J
Category: Oil & Gas
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Cairn India discovers oil in Rajasthan block
Cairn India discovered crude oil at its Rajasthan oil and gas field. This is the 26th oil discovery of the company in the block. The company discovered oil and tested for the first time in Dharvi Dungar sands in Raageshwari-Tukaram area, where previous discoveries were in the shallower Thumbli sands. According to technical evaluations, Dharvi Dungar formation may have about 10 metre of gross oil colu
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Essar Oil replacing rupee loans with cheaper foreign debt
Essar Oil is in the process of replacing its high-cost rupee loans equivalent to $2.27 billion with external commercial borrowings (ECBs), for which it has approval from the Reserve Bank of India (RBI). As part of this process, the company replaced the corporate debt restructuring (CDR) loan facility with a new debt facility of about Rs 9,100 crore on commercial terms from similar group of
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Govt to clear hurdles in project implementation
The government would clear bottlenecks hindering implementation of over 340 projects, including 125 new projects, Panning Commission Deputy Chairman Montek Singh Ahluwalia informed. These projects are struck mainly because of lack of regulatory clearances, shortage of fuel, land acquisition problem etc. These issues need to be addressed at political levels, he said
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Govt to clear hurdles in project implementation
The government would clear bottlenecks hindering implementation of over 340 projects, including 125 new projects, Panning Commission Deputy Chairman Montek Singh Ahluwalia informed. These projects are struck mainly because of lack of regulatory clearances, shortage of fuel, land acquisition problem etc. These issues need to be addressed at political levels, he said
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IOC refinery output exceeds target for 2012-13
Refinery output of Indian Oil Corp (IOC) exceeded the target for 2012-13 and its 10 refineries operated at 100.7 per cent of their installed capacity, the firm said in a statement. The refineries processed a total of 54.6 million tonne (mn t) of crude oil compared to the target of 54.25 mn t. Despite planned maintenance shut downs, the company achi
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Centre to allot 40 gas agencies to remote areas in HP
Himachal Pradesh Civil Supply and Consumer Affairs Minister GS Bali informed the state assembly that around 40 new gas agencies would be spread out in the far flung areas of the state under Rajiv Gandhi Yojana of the central government. The agencies would make LPG gas readily available in the rural areas at lower price. It is learnt that in far-flung areas people are forced to bear the heavy cost
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GAIL books liquefaction capacity from Dominion
GAIL Global (USA) LNG LLC, the American subsidiary of state-owned GAIL (India), entered into a terminal service agreement with US-based Dominion to book a 2.3 mmtpa liquefaction capacity in the Cove Point LNG liquefaction terminal project at Lusby, Maryland. According to this agreement, Dominion would allow GAIL to use its Cove Point pipeline infrastructure for liquef
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MRPL may procure more oil from Saudi Aramco
Mangalore Refinery and Petrochemicals (MRPL) has is seeking additional 23,000 barrels per day (bpd) of crude oil supply from Saudi Aramco during April in order to compensate for the reduction in import from Iran. MRPL plans to stop oil imports from Iran in April if insurance cover is not available for their refineries. Indian insurance companies said they would not cover refine
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250 existing blocks said to have shale gas reserves
India is said to be having shale gas reserves in at least 250 existing oil and gas blocks. According to government estimates, a few basins in India together have a potential to produce 63 trillion cubic feet (TCF) of shale gas, while it has a total shale potential of close to 300 TCF. Experts say shale gas and oil reserves may be present in at least 11 more basins