State-run Maharatna firm GAIL India plans to foray into shipping business in order to ferry the natural gas that it would source from different countries. The company is yet to decide whether to have its own ships or charter ships. But, it intends to have six to seven ships
Tag: energy
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India, China to contribute considerably to rise in oil demand
Prime Minister Manmohan Singh remarked that India and China may account for a major part of the increase in global demand for crude oil. He said this at the launch function of National Electric Mobility Mission Plan 2020. In order to reduce transport sector's dependence on oil, Singh emphasised on the need for development of el
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Panel upholds CAG’s right to audit blocks
The Rangarajan Committee on oil and gas sector opined that it was the prerogative of the Comptroller and Auditor General of India (CAG) to audit expenses incurred by block operators. The panel, which submitted its report to the union government recently, suggested that the blocks with low value can be audited by panel of auditors formed by CAG and f
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OEC ties up with Talboom
Talboom, a geothermal energy firm in Belgium, has entered into a joint venture with ONGC Energy Centre (OEC) for harnessing the energy in South Cambay basin of Gujarat.
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Oil output in 12th Plan
Planning CommissionĆ¢ā¬ā¢s draft note on Energy for the 12th Plan period projected 216.339 million tonne of crude oil production during the five year period.
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OIL mulls 19K cr capex
Oil India (OIL) targets Rs 19,000-crore capital expenditure during the 12th Five Year Plan. The explorer is also planning to foray into other sources of energy such as solar and wind.
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Treading the slippery path
Efficiency enhancement through pricing and non-pricing methods is the need of the hour in meeting our energy adequacy. With India's energy efficiency estimated to be the fifth lowest in the world, there is a tremĆĀendous scope to improve efficiency. DependĆĀence on oil imports is expected to rise.
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Power proj to rural AP
The AP Government is planning to start execution of works for the AP Rural High Voltage Distribution Project by March next year.
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Fin Min clarifies infra definition
Infrastructure will soon have a wider and uniform definition that will encompass some aspects of education and health as well, ensuring asset creation across a number of sectors by making them eligible for various incentives. A panel of secretaries of various ministries is expected to clear the finance ministry's proposal.
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Gujarat wind power capacity leaps 500%
The wind power generation capacities of Gujarat have seen a sharp increase since 2006 from 338 MW to 2175.5 MW in 2011. The share of Gujarat in the country's total wind power generation capacities has jumped from a mere 6.32 per cent in 2006