Union Petroleum Minister M Veerappa Moily said technology and capital intensive interventions have the potential to give new lease of life to the matured fields and improving recovery factor. He said this while making the inaugural address at the third IEF NOC-IOC Forum. Even from producing fields, India's recovery factor is in the range of 25-33 percent whereas fields in North Sea or in Gulf of Mexico of same vintage have recovery fact
Tag: technology
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IOC develops new technology to produce bio-diesel
According to an official statement of Indian Oil Corp (IOC), the firm developed and commercialised a technology to produce bio-diesel from non-edible oil extracted from plants like Jatropha. The company expects to convert the non-edible oil into bio-diesel at its existing Diesel Hydrotreating (DHDT) units in a petroleum refinery
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JSL may make marketing arrangement with Posco
Jindal Stainless (JSL) and South Korean steel maker Posco are planning to start jointly a marketing arrangement for a grade of stainless steel that JSL claims to have been particularly successful in commercializing. JSL would benefit from this proposed arrangement as it could access markets through the South Korean steel
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Sangam invested Rs 5 bn on steel venture
Sangam Group invested Rs 500 crore in Mahalaxmi TMT, its steel venture company. Mahalaxmi TMT commissioned a 240,000 tonne per annum steel plant at Devali, near Wardha in Maharashtra. The plan would produce mild steel billets through induction furnace route and it would use the lates
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Rio Tinto to ship HIsmelt unit to Chinese firm
The Rio Tinto Group decided to ship its steel making equipments based on HIsmelt technology from its plant at Kwinana, Australia to the Chinese steel maker Molong as the latter has a more urgent need for the technology. It may be recalled that the Australian miner earlier agreed to shift the equipment to India at Jindal Steel and Power's (JSPL) existing facility at Angul in Orissa.
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New technologies to raise efficiency of rolling mills
Umesh Chandra, Director (Operations) of the Visakhapatnam steel plant stressed on the need to adopt modern technologies for the improved performance of rolling mills. The operational efficiency of the steel plants relies on the improved performance of rolling mills, Chandra said at the forty-sixth meeting of the Rolling Mill Oper
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Ministry takes steps for technological progress
Union steel ministry is taking various steps for the technological development of iron and steel sector and as part of the efforts, the ministry started a new programme "Scheme for Promotion of R&D in Iron and Steel Sector" during the 11th Five Year Plan with an allocation of Rs 118 crore.
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Ministry takes steps for technological progress
Union steel ministry is taking various steps for the technological development of iron and steel sector and as part of the efforts, the ministry started a new programme "Scheme for Promotion of R&D in Iron and Steel Sector" during the 11th Five Year Plan with an allocation of Rs 118 crore.
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Solutions that stare Railways in the eye
Modernisation and technology go hand-in-hand, and clearly Indian Railways understands that. Its technology division, CRIS, has created several modules and technologies, many of which the Railways has not implemented in a standardised way.
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Creating a smarter railway
Technology leaps have never been the Indian Railways' forte, yet has transformed the way this behemoth network works. Sameer Batra describes how a transition can be effected through applications.