Deepak Mahurkar, leader, oil and gas, PricewaterhouseCoopers opined that a move towards revenue-sharing mechanism in exploration contracts exposes investors to more risks of investments, and that may dissuade large oil companies from India. It may be noted that the union Finance Minister P Chidambaram announced in his budget speech that a new
Category: Oil & Gas
Post
Post
CGD segment in limbo
The government introduced the Petroleum and Natural Gas Regulatory Board to regulate and develop the City Gas Distribution business in India. However, the sector is still facing many challenges on its way,
Post
Listed CPSUs suffer value erosion
While the listed CPSUs showed a dismal growth performance during April-December 2012, their net profit contracted just over seven per cent during the period.
Post
Improving offshore efficiency
NPCC Engineering has successfully created a well head platform at WO-16 and SB-14 cluster field located at South East of SH process complex of Mumbai High Field in water depth of 75 to 80 m, with the help of Tekla's 3D BIM-based software.
Post
Indian companies need to invest more in R&D
To stay competitive, companies have to be on their toes to cope up with integration of new technologies and sustain it in the long run, says Amit Gupta, CEO, Essar Projects (Hydrocarbons),
Post
ONGC, BPCL pact
Union Petroleum Minister M Veerappa Moily informed that state-run oil firms ONGC and Bharat Petroleum Corp (BPCL) would enter into a memorandum of understanding (MoU) for setting up a Liquefied Natural Gas (LNG) terminal at
Post
Share of imported gas
Reports suggest that the share of import in total natural gas consumption in the country may rise from the current level of 40 per cent as domestic production fails to keep pace with growth in demand. Recently, Petronet LNG has notched up a world record by
Post
Share of imported gas
Reports suggest that the share of import in total natural gas consumption in the country may rise from the current level of 40 per cent as domestic production fails to keep pace with growth in demand. Recently, Petronet LNG has notched up a world record by
Post
Cargo handling at non-major ports up
Cargo handling at non-major ports grew 10.3 per cent to 185.21 million tonne (mn t) during Apr-Sep 2012-13 from 168 mn t in the corresponding period of 2011-12. However, cargo handling at major ports declined 3.3 per cent during the first half of 2012-13 from
Post
Govt reviews pricing system for natural gas
In order to encourage exploration and development activities by players in the oil and gas sector, the government is reviewing the system of pricing natural gas under the production sharing contract (PSC), Economic Survey 2012-13 said. The pricing system would be reviewed in order to clarify the extent to which producers will get the free