Nitin Prasad, Chairman, Shell Companies in India feels that the government is on the right track with its measures to attract international investments into the oil and gas sector. Speaking to INFRASTRUCTURE TODAY on the sidelines of FICCI's Business and Climate Summit, he also touched upon the British-Dutch multinational's India plans.
Tag: oil and gas
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Cairn India reports quarterly loss; reaffirms potential in Rajasthan block
Cairn India reported a quarterly loss of Rs.10,948 crore for the March quarter, primarily led by impairment loss on goodwill and non-producing oil and gas assets due to a drop in oil prices.
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Steely growth
India is putting in place measures to fast-track economic growth. Core industries like steel will play a substantial part in this growth if the next decade has to really belong to India.
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Revival of Indian Shipbuilding
What has prevailed in the last 1000 years is not going to change in the foreseeable future. Merchant ships will continue to be the major means of trade across the oceans of the world. Warships will continue to provide international maritime security, keeping our sea lanes of communication safe and navigable for calm and peaceful trade.
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Cabinet nod for India-Mozambique MoU
The Cabinet approved the signing of a memorandum of understanding (MoU) between India and Mozambique for five-year cooperation in the oil and gas sector.
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Essar to raise $3.5 bn
Essar Group is planning to raise over $3.5 billion by selling stake in the refinery business. Essar Group is said to be in talks with two Chinese oil and gas majors for the deal
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BGR Energy bags Rs 303 cr worth projects
BGR Energy has bagged Rs 303 crore worth projects across power, water, oil and gas sectors, taking its total order book to Rs 11,667 crore. BGR Energy received the Letter of Intent (LOI) for two numbers of natural draught cooling towers
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Cairn to extend Rajasthan block
Cairn India has sought partner ONGCs nod for extension of the licence of their prolific Rajasthan oil block beyond the contractual deadline of 2020.
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India in to develop Kazakh oil block
India is in talks with Kazakhstan for developing Abai oil block in the Caspian Sea. According to reports, Magzum Mirzagaliev, Vice-Minister, Oil and Gas, Kazakhstan, has offered the Abai block to ONGC Videsh (OVL)
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Towards a safer offshore O&G Industry
New regulations, such as the recently issued EU Offshore Safety directive, mirror a zero tolerance for offshore accidents. Yet, major accidents still occur.