Oil India Limited (OIL) is highly optimistic of finding hydrocarbon deposits, specially natural gas in Mizoram, company’s chief manager for exploration Rupiyot Phukan today said. “We found good quality natural gas deposit in Maubuang area, but the quantity was not feasible for commercial purposes,” he told media persons here. Drilling was done at Maubuang, which […]
Day: September 7, 2017
Oil firms as U.S. Gulf refineries restart, dollar softens
Brent oil prices firmed on Thursday, hovering near 3-1/2-month highs as U.S. refiners restarting after Tropical Storm Harvey increased their crude processing and the U.S. dollar declined. Brent crude futures were up 39 cents at $54.59 a barrel by 0921 GMT, close to their highest since May 25. U.S. West Texas Intermediate (WTI) crude futures […]
Petronet-Japanese co to build Sri Lanka’s first LNG terminal
Sri Lanka has invited Petronet LNG Ltd, India’s biggest gas importer, and Japanese company to jointly build the Island nation’s first liquefied natural gas (LNG) terminal near Colombo. “The Sri Lankan Government issued a Letter of Intent to the Government of India” to build the LNG import facility that would supply regassified gas to power […]
Jet Airways to focus on direct connectivity between tier-II
In a major shift in its domestic route network strategy, Jet Airways will now focus on providing direct connectivity between tier-II cities as it aims to penetrate deeper into such markets. With a market share of a little over 18 per cent, Naresh Goyal-promoted Jet Airways group is facing an intense competition from the low […]
State discoms playing spoiler on open access for solar power
There is an increasing opportunity to innovate in solar markets in India thanks to the rapidly declining price of photovoltaics (PV). While large-scale ground-mounted solar parks are seeing tremendous growth, an area that still remains largely untapped is open access (OA) for the sector. OA was one of the main components of the Electricity Act […]
Vistara, Japan Airlines sign MoU for commercial cooperation
Vistara and Japan Airlines today announced that they have signed a Memorandum of Understanding (MoU) for an extensive partnership that includes code share flights and frequent flyer partnership. “This mutual understanding between Japan Airlines and Vistara will help the two airlines pursue significant cooperation in the near future, such as codeshare, frequent flyer partnership as […]