The Odisha Industrial Infrastructure Development Corporation (IDCO) has served a show cause notice to the Indian Oil Corporation, Paradip Refinery Project to explain its stand on alleged violation of land lease deed and allocation of terms and conditions. The notice issued by the Odisha government undertaking IDCO on June 19, sought the IOCL’s reply within […]
Day: June 21, 2017
Oil falls to 7-month low over OPEC cuts, set for worst H1 since 1997
Oil fell to seven-month lows on Wednesday, set for its largest price slide in the first half of any year for the past two decades, as investors discounted evidence of strong compliance by OPEC and non-OPEC producers with a deal to cut global output. August Brent crude futures were down 12 cents at $45.85 a […]
Additional flights to Doha as government steps in to clear Eid rush
The government has asked Air India and Jet Airways to operate additional temporary flights to Doha to meet the massive demand ahead of Eid, due to a ban on Qatar carriers by some middle-eastern nations. Jet Airways will operate a 168-seater aircraft on June 22 and June 23 between Mumbai and Doha. Air India subsidiary […]
Petronet in talks to buy stake in GSPC’s Mundra LNG terminal
Petronet LNG Ltd, India’s biggest importer of liquid gas, is in talks to buy 25 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) almost- complete Rs 4,500-crore Mundra LNG import terminal in Gujarat. The 5-million tonne a year import terminal, the third facility in Gujarat for import of natural gas in its liquid form […]
Russia could offer India world’s most advanced nuclear reactor technology for proposed second plant
Nuclear power generation may no longer be an attractive proposition in certain pioneering countries in the sector primarily owing to bankruptcy issues. But Russia continues to invest in this form of energy both in domestic and international markets and now possesses world’s most advanced (Generation 3 plus) reactor in Novovoronezh, about 600 kms from Moscow. […]
Solvay & GKN Aerospace to develop thermoplastic composites for aircraft
Solvay and GKN Aerospace’s Fokker business have teamed up to promote and accelerate the adoption of thermoplastic composite materials on aircraft, with Solvay becoming a preferred supplier of these innovative lightweight materials to Fokker. Under the agreement, Solvay and GKN Aerospace’s Fokker business will combine their expertise to advance technological developments in thermoplastic composite materials, […]
Praful Patel Conduct Under Scanner
On May 29, 2017 the Central Bureau of Investigation (CBI) has registered three cases (FIRs) and one preliminary enquiry (PE) in the wake of the order of January 05, 2017 of the apex court passed in a PIL filed by the Centre for Public Interest Litigation and led by lawyer Prashant Bhushan. This PIL had […]
Coal for Power
In what could end years of fuel crisis for several private-sector power plants and put their stranded / upcoming capacities into productive use, the Cabinet Committee of Economic Affairs (CCEA) has approved a new auction-based coal linkage policy.
UP Govt Takes Firm Steps
The BJP led Uttar Pradesh government aims to provide affordable electricity to 1.86 crore unconnected houses by October 2018. For this, Power Finance Corporation has offered a Rs 3,600 crore loan to four distribution companies of the state to help them lay infrastructure for new connections in rural areas.
GST Impact
Come the midnight of June 30, 2017, the government will introduce the Goods and Services Tax (GST) regime. In this article we will analyse the impact of this regime on the energy sector.
Open Acreage Policy
The government has released the details of all of its 26 sedimentary basins, which oil and gas companies could access before they seek an exploration and production license in their preferred area. These basins covering an area of 3.14 million square kilometers have been divided into four categories based on their degree of prospectivity as […]
Farzad B Gas Block
In fresh conditions, Iran wants India to pay more than triple the gas price for the award of the coveted Farzad B natural gas block to ONGC Videsh (OVL).