Essar Oilfields Services is in the process of procuring six on-shore drilling rigs for coal bed methane (CBM) at a cost of about $36 million. These rigs have greater mobility as required in CBM drilling,
Tag: India
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GAIL’s Kochi LNG terminal by July
GAIL India plans to commission its Kochi liquefied natural gas (LNG) terminal in July. Initially, the terminal was about 2.5 million tonne (mt) capacity and the pipelines were to be laid within Kerala only,
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Natural gas output declines
Production of natural gas from domestic assets declined to 118 million standard cubic metre per day (mmscmd) in 2012-13 from 130 mmscmd in the previous year.
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CIL’s net rises
The consolidated net profit of Coal India (CIL) rose 34.9 per cent year-on-year to Rs 5,414 crore during January-March 2013.
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IOC to invest Rs 110 bn
The capital expenditure of Indian Oil Corporation (IOC) is pegged at Rs 11,000 crore during 2013-14.
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Aban Offshore to raise Rs4,500 cr
Offshore drilling and oil field service provider Aban Offshore is planning to raise more than Rs 4,500 crore through various market instruments to replace a portion of its expensive debt.
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ATC to acquire Tower Vision
In the telecom towers business, American Tower Corporation (ATC) is close to acquiring Tower Vision, a standalone telecom tower company owned by a group of international financial investors, for Rs 3,200 crore, a transaction that will enable the US company to significantly scale up its presence in India.
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Cabinet nod for telecom towers at naxal-affected states
The Cabinet cleared setting up mobile towers at cost of around Rs 3,046 crore in nine states affected by naxal violence to improve communication. State-owned BSNL will set up towers at 2,199 locations in the nine states in next 12 months, Finance Minister P Chidambaram said after a Cabinet meeting.
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Illegal mobile towers
The New West office of the Ahmedabad Municipal Corporation (AMC) has sealed five cellphone towers in different areas of the zone.
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Airtel keen on service in Myanmar
A Bharti Airtel-led consortium has given its final bid for a telecom licence in Myanmar, as the company looks to expand operations.