India-US to increase co-operation in oil & gas, power, renewable energy: Pradhan

Business-Standard | 17th April 2018 Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Tuesday announced that India and the United States have decided to increase their co-operation in oil and gas, power, renewable energy and coal sectors.Pradhan and U.S. Secretary of Energy Rick Perry co-chaired the inaugural meeting of the U.S.-India Strategic Energy Partnership here, which President Donald J. Trump and Prime Minister Narendra Modi had announced during their June 26, 2017 Summit in Washington, D.C… Source:http://www.business-standard.com/article/news-ani/india-us-to-increase-co-operation-in-oil-gas-power-renewable-energy-pradhan-118041701069_1.html

2018-04-18T09:59:14+00:00 April 17th, 2018|Uncategorized|

India, US set up joint task force on natural gas

Money Control | 17th April 2018 India and the US today decided to set up a joint task force on natural gas with a view to promote strategic and economic interest of the two nations.The two sides, during the ministerial level talks, also reaffirmed their commitment to early and full implementation of their civil nuclear [...]

2018-04-18T09:58:04+00:00 April 17th, 2018|Uncategorized|

PNGRB to act as market regulator for natural gas trading hub

Economic Times | 16th April 2018 New Delhi: India’s downstream oil and gas regulator Petroleum and Natural Gas Regulatory Board (PNGRB) is set to take up the role of the market regulator for the natural gas sector, when the planned natural gas trading hub comes into being, much on the lines of the capital markets regulator Securities and Exchange [...]

2018-04-17T13:08:23+00:00 April 16th, 2018|Uncategorized|

Essar sees recoverable shale gas prospects in West Bengal’s Raniganj block

Business-Standard | 16th April 2018 Essar Oil & Gas Exploration and Production (EOGEPL) has said the company is expecting reserves of at least 1.5 trillion cubic feet (tcf) of recoverable shale gas in its Raniganj block in West Bengal, which could require investment of at least $1 billion. It currently produces around 1.5 million standard cubic metres of [...]

2018-04-17T13:00:05+00:00 April 16th, 2018|Uncategorized|

Global oil demand not to peak soon, India vulnerable to high prices: IEA

Business-Standard | 12th April 2018 International Energy Agency said on Wednesday that global oil demand will not peak in the near future and India's vulnerability to high prices will increase with surge in its crude oil imports. Oil demand will continue to grow stronger this year, at about 1.5 million barrels per day, driven by petrochemicals and other sectors, IEA Executive Director Fatih Birol said. [...]

2018-04-13T11:12:44+00:00 April 12th, 2018|Uncategorized|

UPS opens integrated logistics facility in Ahmedabad

Aninews | 11th April 2018 Ahmedabad (Gujarat) [India], Apr. 11 (NewsVoir): UPS on Wednesday inaugurated a larger integrated logistics facility in Ahmedabad to support businesses and SMEs (small and medium enterprises) in Gujarat looking to expand trade with the global marketplace. UPS is the only logistics company to provide a 48 hour delivery timeline to United States and Europe [...]

2018-04-12T11:28:34+00:00 April 11th, 2018|Uncategorized|

Logistics companies plan to build and own warehouses

Economic times | 10th April 2018 Logistics companies are now planning to build and own warehouses and not just lease them, encouraged by the recently conferred ‘infrastructure status’ that makes easier loan access for funding these assets. An estimated $7 billion is likely to be spent on warehouses, fulfilment centres and logistics parks in the next [...]

2018-04-12T10:58:19+00:00 April 10th, 2018|Uncategorized|

Centre keen on making State an oil and gas hub: Pradhan

The Hindu | 9th April 2018 Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Sunday said the Centre was fully committed to bringing huge investments into Andhra Pradesh in the oil and gas sector.He was speaking after flagging off the ONGC’s prolific East Coast project of KG-DWN-98/2 by spudding its first well, KDG-A.The [...]

2018-04-09T11:10:07+00:00 April 9th, 2018|Uncategorized|

ONGC may gain Rs 1500 crore in H1 with the natural gas price

Economic times | 6th April 2018 The recent price hike of natural gas by the centre may result in an additional revenue of Rs 1500 crore to the state-owned ONGC Limited during the first half of the current fiscal, said global rating and research agency Moodys. The price paid to most of natural gas produced from domestic fields will be [...]

2018-04-06T12:36:43+00:00 April 6th, 2018|Uncategorized|