The government will be signing Open Acreage Licensing Policy (OALP) round-1 contracts for 55 oil and gas exploitation areas.
Tag: Oil
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Contract awarded for 31 Tamil Nadu oil fields
The Cabinet Committee on Economic Affairs (CCEA) has approved the award of 31 contract areas as part of the Discovered Small Field (DSF) Bid Round 2016.
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Engineers India bags orders worth Rs 2,500 crore from HPCL
Engineers India has bagged orders from HPCL for execution of the Vizag Refinery Modernisation Project (VRMP). EIL will execute the project contract under two separate contracts, PMC Services for major Process Units and packages under U&O and Execution of U&O and PRU Revamp on Open Book Estimate (OBE) Basis.
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HPC-led Skill Development Institute partners with NSDC under Skill India
Under the government´s Skill India mission, oil PSUs have initiated skill development initiatives for unemployed youth. Oil PSU members, viz., HPCL, IOCL, BPCL, ONGC, OIL, GAIL, EIL and Balmer Lawrie have come together to set up a Skill Development Institute in Visakhapatnam (SDI-Vskp).
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Emergent Gujarat
With the adverse effect of demonetisation still looming over the country, the New Year will witness industry bigwigs - both international and homegrown ù queuing up to invest in India´s most industrially developed state, Gujarat. The occasion, Vibrant Gujarat (in its 8th edition), is all geared up to welcome the investors from all across the world.
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Cargo traffic at Major Ports grows by 5.2percent
Major Ports in India handled 315.4 MT of cargo during the first six months of FY2016-17 (April-September) and showed a positive growth of 5.1 per cent as compared to the same period last year. The cargo traffic handled by the Major Ports during the same period last year was 299.5 MT. This improvement of performance is the result of many measures initiated by the Ministry of Shipping to improve the performance of the ports.
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Higher oil demand growth expected this year
India´s oil demand growth will exceed 11 per cent this year as the world´s third-largest oil and gas consumer fires up its economic development, said Minister of Petroleum and Natural Gas Dharmendra Pradhan.
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India, US sign bilateral agreement for hydrocarbon
The Indian government has signed a three-point bilateral agreement with the US government aiming to harness new technologies in the hydrocarbon sector. The agreement was signed between Oil Minister Dharmendra Pradhan and US Secretary of Energy Dr Ernest Moniz in Washington.
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Lab testing facilities at NMPT
A NABL (National Accredited Board for testing and calibration Lab) certified Lab Testing Collection Centre for edible oil, chemicals and food grade items has been set up at New Mangalore Port Trust (NMPT), in line with the government´s policy on ´ease of doing business´.
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Oil & gas block auction policy to be ready by FY16: Pradhan
Government expects to finalise the new policy for auction of oil and gas blocks during the ongoing financial year, Oil Minister Dharmendra Pradhan said.