Deocha Pachami coal block in Birbhum, the largest in Asia, is set to get technical support from mining experts in Poland, who have assured to remove all operational hurdles that might come in the way of mining the black gold.
Category: Business Standard
Business Standard
Govt subsidies on oil & gas down 76% between 2014 and 2017, coal stable
Indian government subsidies for fossil fuels, including oil and gas, have decreased by 76% over the three years to 2017, but subsidies for the coal industry have remained stable over the same period, a new study by think-tank International Institute for Sustainable Development (IISD), has found.
Oil exporters yet to recover from oil shock: IMF’s Christine Lagarde
Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said on Saturday, and she cautioned against spending money on “white elephant projects”.
IOCL begins naphtha, diesel, jet fuel exports from Paradip refinery
Oil marketing major Indian Oil Corporation Ltd (IOCL) has started exporting products to countries like Bangladesh, Sri Lanka, Malaysia, Singapore and Myanmar from its 15-million-tonne crude oil refinery at Paradip.
Govt incentives for unviable areas to unlock ONGC, OIL natural gas output
The government plan to offer PSUs special incentives for natural gas discoveries in difficult and unviable areas will help raise India’s natural gas production as it will unlock output in a dozen fields of state-owned ONGC and OIL, officials said Sunday.
Petrotech 2019: Modi to inaugurate meet on Monday, before magic, oil talk
The latest edition of India’s strategic hydrocarbon event — Petrotech-2019 — takes off on Sunday in the National Capital Region. The biennial event, expected to see participation from 70 countries, comes at a time when India is seeking from the US an extension of waiver on oil imports from Iran while also trying to align […]
3rd round of oil, gas auction under OALP launched; 23 blocks up for bidding
India on Sunday launched its third round of petroleum and natural gas auctions under the open acreage licencing policy (OALP) in which a total of 23 blocks are up for bidding by global oil and gas majors. Interestingly, this comes at a time when production from OALP-1 is expected to start only in 2025.
Bill allowing US to sue Opec for inflating oil prices clears key hurdle
Legislation that would allow the US government to sue Opec for inflating oil prices cleared a key hurdle in the new session of Congress.
Hydrocarbon demand here to stay, believe energy firms, policymakers
Even as growth in the renewables and electric vehicles (EVs) segment threatens the conventional energy land scape, oil marketing companies (OMCs), oil and gas producers, and policy makers remain confident that demand for hydrocarbons is here to stay.
Jaiprakash Power Ventures Q3 loss narrows to Rs 95.89 cr on lower expenses
Jaiprakash Power Ventures Ltd’s (JPVL) loss narrowed to Rs 95.89 crore in the December 2018 quarter as compared to the year-ago period, mainly due to better revenues and lower expenses.
Sale of pledged shares by L&T Finance, Edelweiss illegal: Reliance Group
Anil Ambani-promoted Reliance Group alleged on Friday that misconduct by certain non-banking financial companies (NBFCs), particularly L&T Finance and Edelweiss, had led to the recent slump in shares of some of its companies, and termed their action “illegal, motivated, and wholly unjustified”.
M-cap erosion: Anil Ambani-led Reliance Group firms recommend legal action
A day after accusing L&T and Edelweiss entities of causing huge market value erosion by “illegal and motivated” sale of their pledged shares, Anil Ambani-led Reliance Group Saturday said boards of its three listed firms have recommended “all appropriate legal steps” to protect shareholders’ value.