Oil prices rose on Monday ahead of a meeting between OPEC and U. S. shale firms in Houston, raising expectations that oil producers would discuss further how to clear a global oil glut. International benchmark Brent crude was up 19 cents, or 0.3 percent, at $64.56 a barrel by 0752 GMT. U. S. West Texas […]
Day: March 5, 2018
Iraq pips Saudi to become India’s top oil supplier
Iraq has overtaken Saudi Arabia by a wide margin to become India’s top crude oil supplier, meeting more than a fifth of the country’s oil needs in the current financial year. Saudi Arabia traditionally has been India’s top oil source but in the April-January period of 2017-18, Iraq dethroned it, supplying 38.9 million tonnes (MT) […]
New development plan okayed for Mozambique gas field where Indian firms hold stake
The government of Mozambique has approved the development plan for a natural gas field in that country where Indian state firms hold minority stake, Oil India said in a statement. ONGC, Bharat Petroleum and Oil India together hold 30% participating interest in the Golfinho-Atum field in the Rovuma Area 1 offshore block in Mozambique for […]
NBCC bags Rs 192-crore order from REC
State-owned construction firm NBCC today said it has received an order worth Rs 192 crore from Rural Electrification Corporation (REC) for construction and development of a township in Gurugram. “NBCC has received letter of award of work from Rural Electrification Corporation Ltd for the construction and development of REC Township at Sector -57, Gurugram amounting […]
Sembcorp Energy arm wins 300 MW wind project
Sembcorp Energy India Ltd (SEIL) today said it has been awarded a 300-megawatt project in the country’s third wind power auction conducted recently. This is the third consecutive win for the subsidiaries of Sembcorp Green Infra, a wholly-owned arm of SEIL, a company statement said. The nationwide wind power auction was conducted by Solar Energy […]
No alignment yet, but land prices spurt 40% on Delhi-Jaipur expressway
The long-held theory that infrastructure creation leads to spike in realty rates can find no better demonstration than just outside Delhi. Manesar and Rewari in Haryana, and Neemrana and Ajeetgarh in Rajasthan, are not just the names of semi-urbanised industrial belts en route the proposed Delhi-Jaipur expressway but are the latest hotspots for realtors that […]