Indian Oil Corp (IOC) may buy 10 percent stake in Canadian shale gas assets from Malaysia's Petronas, reports indicate. Both the firms are said to be holding discussion on this matter. It is learnt that both the firms are yet to work out the terms of a potential deal. Last year, state-run Petronas acquired Canada's Progress Energy Resources Corp in a C$5.2 billion ($4.92 billion) deal that gave it shale gas properties in north
Tag: Gas
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GEECL draws plan to explore CBM blocks
Great Eastern Energy Corporation (GEECL), which is the country's first producer of coal bed methane (CBM) gas in India, prepared an aggressive programme for exploring and developing the blocks. The programme envisages drilling 300 production wells in its Raniganj (South) block, West Bengal and 50 core wells and 30 pilot production wells in its Mannargudi block
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Clarity on lease tenure
Oil and gas exploration companies are seeking clarity from the government on the tenure of leases issued under the existing production-sharing contracts (PSCs). Following this, the government set up an inter-ministerial committee led by the Union oil ministry.
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India as an emerging refining hub
In 2010, India’s total primary energy consumption was 433.3 million tonne of oil equivalent (mtoe), an increase of 5.6 per cent over 2009. Of this, 135 mt of oil contributed 31 per cent of the overall energy consumption,
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J&K gas pipeline approved
Jammu and Kashmir government has given its nod to the prestigious gas pipeline project from Bhatinda in Punjab via Jammu to Srinagar, expected to be completed within three years. The contract for the pipeline project has been awarded to
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New transmission lines with private participation
The Empowered Committee of the Ministry of Power for deveÂlopÂment of inter-state tranÂsmission lines has recommÂended setting up of five new transmission lines with an estimated length of 2,600 km through tariff-basÂed competiÂtive bidding
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Decline in PMT output
Gas output from the Panna-Mukta and Tapti (PMT) fields has declined by around 30 per cent, putting more pressure on supplies after a fall in Reliance’s production from the D-6 field.
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RIL finds gas, condensate
Reliance Industries (RIL) announced a gas and condensate discovery in the deepwater Cauvery-Palar basin.
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No takers for high cost power from Dabhol's project
Ratnagiri Gas and Power’s plan to add another 2,100 MW of generating capacity at its Dabhol plant is apparently stuck as Maharashtra government is unwilling to pay more for the supply.
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Firms rush for gas-based power projects in Karnataka
Global companies including GE, AES and Marubeni Corporation and Indian corporations, including Tata, Jindals, RPower, and L&T have evinced interest in setting up three gas-based power stations in Karnataka with a total capacity of 2,100 MW.