IndiaĂ´s oil demand growth will exceed 11 per cent this year as the worldĂ´s third-largest oil and gas consumer fires up its economic development, said Minister of Petroleum and Natural Gas Dharmendra Pradhan.
Tag: Oil
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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 governmentĂ´s policy on Ă´ease of doing businessĂ´.
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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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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.
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Govt rejects Cairn appeal to renew Rajasthan block deal
The government has rejected Cairn IndiaĂ´s plea to renew the contract for the prolific Rajasthan block with the existing terms and conditions and has asked for the investment plan for the renewal period to assess the extent to which the stateĂ´s share of profit can be raised.
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ONGC targets $10-$12 bn foreign oil and gas investments
The foreign investment arm of IndiaĂ´s top oil explorer ONGC is targeting $10-$12 billion of oil and gas asset purchases over the next three years, including more corporate acquisitions, its managing director said.
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LNG more viable than coal
India is already among the worldĂ´s largest energy consumers. Urbanisation, industrialisation, and the governmentĂ´s commitment to 24 x7 energy access for all imply that our need for power will continue to grow.
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New family of cameras for hazardous environments
Munich ? Bosch announces the launch of EXTEGRA IP 9000 FX, a new family of explosion-proof IP cameras developed for safe operation in hazardous environments. No matter whether it is exceptionally hot or cold (-50Ă° to ?Ă° Celsius), the lighting conditions are extremely poor, the monitored objects are far away, or there is a high level of moisture or dust, the new EXTEGRA IP 9000 FX cameras deliver the highest quality of security relevant images.
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The new gas pricing policy is a step in the right direction but more is needed
The government has highlighted Oil & Gas (O&G) as a priority sector as part of its ĂâMake in IndiaĂâ campaign. The focus in O&G will be on Oil Field Services and Equipment (OFS). An interesting model could be Malaysia and Dubai kind of service hubs on the east coast and west coast of the country.
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Govt gives green nod to 190 projects worth Rs.6.31 lakh cr
Environmental clearance has been given to 190 projects, entailing an investment of Rs 6.31 lakh crore across sectors like mining and steel during June-December as part of the National Democratic Alliance (NDA) governmentĂ´s policy to fast-track industrial development and generates jobs.