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PETROTECH 2014
India played key role in energy justice, says PM ModiModi said the challenge before nations is to deliver affordable, efficient, clean and assured energy supplies to their citizens.- India in talks with Russia to swap natural gas with ChinaThe two nations had in October signed an initial pact for building a 4,500 km to 6,000 km long pipeline from Siberia to the world's third b...
- Rosneft looks to complete Essar Oil deal in 'next few weeks'The acquisition is the biggest in India and largest outbound deal for Russia. The all cash deal was expected to close in first quarter of 2...
- Department of petrochemicals should merge with oil ministry: Amitabh KantAfter Narendra Modi came to power in May 2014, his government has rejigged portfolios and merged ministries to ease doing business in secto...
- Economy will return to high growth: FM P ChidambaramIndia will return to a high growth path within three years "step by step", backed by global recovery and measures undertaken by the governm...
- Twelve stocks in focus in Wednesday morning tradeIndian markets are likely to trade in a range. Here is a list of twelve stocks which are likely to be in focus in trade today.
- Sudan offers two oil blocks to ONGC: Oil MinisterONGC’s foreign arm ONGC Videsh said it would evaluate the offer. “The offer is for block-15 and block-8. The later one also has some gas pr...
- Reliance eyes stake in Venezuela crude oil block, Mexico exploration assets: ExecutiveRIL is looking to pick up an 11% stake in Venezuela's Petrocarabobo project that was recently surrendered by Malaysia's Petronas.
- India keen on buying oil, LNG from Canada on long-term basisIndia is keen on buying crude oil and liquefied natural gas (LNG) from Canada on long-term contracts to meet its vast growing energy needs.
- Adequate energy supply at affordable price key for growth: PM Manmohan SinghStating that India seeks clean and affordable energy, Singh said: "Adequate supply of energy at affordable prices is critical to our econom...
- BS-IV fuel norms across country may take time: Member Planning CommissionUniform implementation of more cleaner BS-IV fuel norms across the country may take time, Planning Commission Member Saumitra Chaudhuri sai...
- New gas price formula may not be notified even in mid-JanuaryThe oil ministry may not notify the new gas price formula during Petrotech, an industry event in mid-January.
- 10th round of oil and gas block auction in January: M Veerappa MoilyThe last round, the 9th under the NELP, was held in 2011 when 74 bids were received for 33 out of the 34 blocks on offer.
- Government allows private firms to use PSU-owned jet fuel facilitiesAt most of the airports ATF supply facilities are owned and operated by oil PSUs while the land is owned by the airport authority/developer.
- Country's emergency oil stock storages face delay: Oil India Development BoardCountry's emergency oil stockpile storage is facing a year's delay because of problems in construction of underground caverns.
- Commissioning of Cuddalore refinery by early 2014: NOCLNOCL said it has pushed back commissioning of its Rs 11,500 cr oil refinery at Cuddalore in TN by one-and-a-half yrs to end-2013 or early 2...
- ONGC plans to invest $10 bn in gas discoveriesState-owned Oil and Natural Gas Corporation plans to invest over $ 10 billion in bringing to production gas discoveries off the east coast,...
- Home oil supplies in mind, PM tells oil cos to buy foreign assetsIndia’s energy demand would increase by over 40% in the next 10 years but supply from its ageing oil-fields was expected to increase around...
- Petropars asks ONGC-Hinduja to decide on gas block by Dec-endIranian oil firm Petropars has set a year-end deadline for ONGC-Hinduja consortium to decide on participation in a USD 7.5 billion gas fiel...
- Petropars asks ONGC consortium to decide on gas field in 2mthsIranian oil company Petropars on Monday said it has given the ONGC-Hinduja consortium a two-month deadline to decide on participating in a ...
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