The “Indian Petroleum & Natural Gas Statistics” presents updated comprehensive statistics on various aspects of Indian Petroleum & Natural Gas sector. The data on international developments in respect
In what could open new doors towards development, Russia is keen to invest in areas like oil and gas, tourism, power and infrastructure development in Assam. Russian ambassador to India, Vyacheslav Trubnikov, disclosed this to Chief Minister Tarun Gogoi at a meeting attended by senior officials of the Government of Russian Federation and the Assam Government at Gogoi's official residence here today, a press release stated. Trubnikov, during the meeting, said that his country wants to develop close ties with the North East part of India and help the region in the process of development.
Public sector ONGC on Saturday said it has achieved highest reserve accretion of the decade and would invest Rs 3,570.6 crore for maintaining, revamping and enhancing its oil and gas production from existing fields.
ONGC's proposal to assign a 25% participating interest in its Mahanadi basin deep water block, MN-DWN2002/2,to BG Exploration and Production India Ltd (BGEPIL) has been recommended for approval of the petroleum ministry by the Directorate General of Hydrocarbons(DGH).
President Bush yesterday accused the Democratic-led Congress of blocking his proposals to deal with rising gas prices and dragging its feet on measures to address the sagging economy. He said he was "open to any ideas," including a proposal backed by presidential contenders John McCain and Hillary Clinton to suspend gas and diesel taxes this summer
The oil and gas scenario in the North East poses challenges in the form of static production of crude oil and un-economical transportation of the surplus products from the region. This observation has come from Anand Kumar, director (R and D), IOCL.
The Centre has awarded 16 exploratory blocks in Asom near the bank of the Brahmaputra in the pre-New Exploration Licensing Policy (NELP) and NELP rounds held so far. Giving this information to the Lok Sabha, Union Minister of State for Petroleum and Natural Gas Dinsha Patel said these blocks are under various stages of exploration.
Public sector petroleum companies' losses on fuel sales cross Rs 500 crore a day; govt under renewed pressure to allow them to raise petro-product prices New Delhi, April 23: The price basket of crude oil that India imports has crossed an all-time high of $110 a barrel, widening the losses incurred by state-run firms on fuel sales to over Rs 500 crore per day and increasing pressure on the government to allow oil companies to hike the prices of petroleum products like petrol, diesel, domestic LPG and kerosene.
Even as the last date for bidding for Nelp-VII has been deferred till May 16, owing to uncertainty over sops for the E&P players, the petroleum ministry has not given up just yet. The ministry, in its internal report, said focus would be given on increasing domestic production by attracting investments, both private and public, in the upstream sector. This would be done by involving the industry in formulating an investor-friendly E&P investment regime.
For a large enterprise such as Oil India Ltd (OIL), which has a number of offices including those at remote locations, information integration is important for enabling transparency and speedy decision-making. Oil India wanted to have a system that would integrate its processes and systems to streamline oil exploration, production as well as the transportation of crude oil and natural gas. It wanted to get a quick overview of information pertaining to its operations.
External Affairs Minister Pranab Mukherjee has begun a new round of engagement with Saudi Arabia, aimed at bolstering energy, security as well as trade and investment ties. During his two-day visit, he will hold talks with his Saudi counterpart Saud Al Faisal. Maritime security
