According to a government estimate, India may face shortage of natural gas to the tune of 155 million cubic metre per day during the 12th Five Year Plan period (2012-17). This is expected to rise to 225 million cubic metre per day in the 13th Five Year Plan. According to a report by an international research agency, India accounts for 11 p
Tag: import
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Cairn India, ONGC to produce oil from Aishwariya field
Cairn India and ONGC, which is a 30 per cent joint venture partner in the former's Aishwariya oil field in Rajasthan, hope to close 2013-14 at a production rate of 200,000-215,000 barrels of oil a day from the field. Aishwariya is the third largest discovery in the Rajasthan block and can produce higher than the current production rate approved under the field development plan.
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GSPC may start production from KG basin block
By the middle of the year 2013, Gujarat State Petroleum Corp (GSPC) may start producing natural gas from the Deen Dayal (DD)-West gas fields in the Krishna Godavari basin (KG basin), media reports indicate. In mid-2005, the Gujarat government-owned GSPC announced a gas discovery at the DD-west block. Such
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Oil import from Iran set to fall further in FY13
Media reports indicate that India's crude oil import from Iran may fall from 18.1 million tonne (mn t) in 2011-12 to about 13 mn t in 2012-13 because of sanction imposed by Western countries on the gulf nation. During the April-December 2012, Iran, which was IndiaĆās second biggest supplier of crude oil after Saudi Arabia in 2010-11, supplied
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Cargo handling doubles at Dhamra Port
Agency reports indicate that the cargo handling at the Dhamra Port in Odisha doubled during 2012-13 to 10 million tonne (mn t) from over 5 mn t in the previous year. Between April 1, 2012 and March 5, 2013, the port handled 10 mn t cargo. During this period, the port handled over 8 mn t of import cargo -- the highest by any Indian port in only the second year of its operations, repo
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HPCL to set up 5 mn tpa LNG terminal in Chhara
Media reports suggest that Hindustan Petroleum Corp (HPCL) identified Chhara in Gujarat's Junagadh district to set up a liquefied natural gas (LNG) import terminal in a joint venture with SP Ports, a unit of Shapoorji Pallonji Group. The Rs 5,000 crore terminal project would be executed by both the firms through a 50:50 joint vent
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Court directs OMCs not to open new outlets
Karnataka high court directed all state-run oil marketing companies (OMCs) not to open new retail outlets till it completes the heading of a petition filed by an dealers association. The Karnataka State Petroleum Dealers Welfare Association filed a petition with the court after OMCs kept
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India estimated to have 1.6 tn cubic feet of shale gas reserves
According to an estimate by the US Geological Survey, India has 1.6 trillion cubic feet of technically recoverable shale gas in the provinces of Bombay, Cauvery and Krishna-Godavari. The gas is largely concentrated in six areas - Cambay (in Gujarat), Assam-Arakan (northeast), Gondawana (central), KG onshore (Andhra Pradesh), Cauvery onsh
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Kolkata Port’s Rs 17 bn project fails to attract pvt players
Kolkata Port Trust (KoPT) did not receive must response from private players for its proposed Rs 1,700-crore project to build 4 berths at Salukhali. The company planned to execute the project under Public Private Partnership (PPP) model and had floated tender inviting Request for Proposal (RFP) from private play
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NMPT handles 12.83 mn t crude oil for MRPL
The New Mangalore Port Trust (NMPT) handled 12.83 million tonne (mn t) of imported crude oil for Mangalore Refinery and Petrochemicals (MRPL) during Apr-Feb 2012-13 compared to 11.97 mn t in the year-ago period. NMPT handled 1.49 mn t of iron ore fines during the first