After securing its presence in Iran´s Chabahar port, a key gateway to Afghanistan and Central Asia, India is now eyeing a role at Oman´s strategically located Duqm Port to enable Delhi to expand its economic presence in hydrocarbon rich West Asia. It will also allow the Indian Navy greater role in the region.
FlashNews:
India Plans Airport-Centric Real Estate Push; Naidu Targets 15% Economic Growth
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Mumbai-Ahmedabad Bullet Train Gains Momentum with Major Civil Works Milestones
ONGC Begins Gas Sales from Chinnewala Tibba Block, Boosting Rajasthan’s Energy Grid
OIL-BPCL Join Hands for City Gas Network Rollout in Arunachal Pradesh
Government push makes India’s maritime sector future-ready, unlocking $1 trillion potential”: Sonowal
ISRO Innovations Continue to Reach Industry as IN-SPACe Signs Five New Deals
India Launches Maritime Hackathon at IIT-Madras to Power Port-Tech Startups Ahead of Maritime Week 2025
CAE, InterGlobe JV Opens Fourth Commercial Aviation Training Centre in India to Meet the Country’s Soaring Pilot Demand
India’s Space Vision 2040: Jitendra Singh Says Astronaut Will Announce ‘Viksit Bharat’ from Moon
India May Launch Dedicated Maritime Satellite to Boost Coastal Governance: Sonowal
Modi Inaugurates ₹18.7 Billion Aunta-Simaria Ganga Bridge to Link North and South Bihar
Biofuels Earn Farmers $15 Billion Over 11 Years, Says Puri; Reaffirms Commitment to Shield Consumers from Fuel Price Volatility
Reacting to Trump tariffs, India, Brazil expand oil ties: S&P Global Commodity Insights
Jupiter Wagons Secures $25.8 Million Vande Bharat Wheelset Order, Plans Major Odisha Expansion
WABAG Wins $5.6 Million Water Management Contract for RenewSys Solar Cell Facility in Hyderabad
IHCL to redevelop historic Chotelal Ki Ghat in Kolkata under heritage-led riverfront initiative
India’s Airline Profitability to Dip Amid Airspace Disruptions and Safety Concerns: Crisil Ratings
Welspun One Expands South India Warehousing Portfolio with $258 Million Investment
Tag: hydrocarbon
OIL for more hydrocarbon concessions
Oil India (OIL) is seeking more hydrocarbon concessions across the globe, including Brazil and Mexico. Among its major ventures abroad
Experts advocate proper pricing policy
Experts remark that oil and gas exploration business is a risky venture which depends on the vagaries of geological conditions and hence the government must incentivise investment in the sector through attractive pricing policy. Experts argue that the whole cycle of discovery to development of hydrocarbons may take 10 years. Yet, when
CCEA to consider OVL, OIL proposal
The proposal by ONGC Videsh (OVL) and Oil India (OIL) to pick up Videocon Mauritius EnergyÂ’s 10 percent stake in MozambiqueÂ’s Rovuma 1 block is awaiting the approval of the union cabinet. The petroleum ministry moved a note before the cabinet committee on economic affairs for approval. The acquisition would be completed soon, oil minister M Veer
Panel suggests govt to conduct due diligence
A Parliamentary panel report shows that the government has not conducted any due diligence before clearing the proposal to hike domestic natural gas price in line with the Rangarajan committee recommendation. According to the report, submitted by the parliamentary standing committee on finance,
the
Minister asks firms to invest in oil and gas sector
The Petroleum Minister for Petroleum and Natural Gas M Veerappa Moily has emphasised the need for greater investment in the oil and gas sector. He said this while addressing an Assocham Seminar on Indian Economy in the context of global energy scenario. The minister said the government was committed to deal with the energy security issues. It is in this context that the gas pricing formula was recently revised based on th
BP chief suggests roadmap for gas pricing
Media reports indicate that Bob Dudley, Chief Executive of BP Group suggested the central government to prepare a clear roadmap for pricing of domestically produced natural gas in the country. Dudley feels introduction of a clear roadmap for gas pricing would attract more investment in the hydrocarbons secto
Govt sticks to formula rather than any fixed price
Even as the union cabinet recently approved the hike in domestic natural gas price to $8.4 million metric British thermal unit (mmbtu) from April 2014, the government does not stick to any fixed price, some media reports indicate. According to these reports, the government has left the market condition to fix the price based on the formula proposed by the Rangarajan committee
OIL produced 3.7 mn t of crude oil in FY13
State-run oil and gas explorer Oil India (OIL) could produce only 3.701 million tonne of crude oil during 2012-13 compared to 3.884 million tonne in 2011-12 because of hostile work environment in Assam. The company was targeted to explore 3.95 million tonne in 2012-13, but it could not and the figure was this year's target. OIL posted a gross income of Rs 11,456.32 crore
Department suggests cap on gas pricing under new regime
The department of expenditure of the union finance ministry suggested the oil ministry to fix a ceiling price for domestic natural gas under the Rangarajan formula. On June 27, the Cabinet Committee on Economic Affairs cleared the adoption of the Rangarajan pricing formula for domestic natural gas from April 2014. But while adopting this formula, the expenditure department suggested that gas producers should not be allow