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November,20,2018,Tuesday

WEEKLY NEWSLETTER IN ENERGY AND INFRASTRUCTURE PART 2

Shell to expand into renewables in India

Shell to expand into renewables in India

Royal Dutch Shell is looking at opportunities in India to build its renewable energy portfolio, especially in light of the country’s renewable energy targets to be achieved over the next decade, according to Mark Gainsborough, executive vice- president, New Energies, Royal Dutch Shell.

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India, China should jointly bid for oil, gas fields: Beijing media

India, China should jointly bid for oil, gas fields: Beijing media

China and India should jointly bid for contracts to acquire overseas oil and gas fields to reduce competition and strengthen cooperation in investments in energy technologies, Chinese media said today.

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Pipeline project gets moving, finally

Pipeline project gets moving, finally

The Gas Authority of India Limited (GAIL) pipeline project which had been stalled in the state for almost two decades has gained steam.

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Assam

ONGC has discovered hydrocarbon deposit in Mizoram: Minister

Mizoram Geology and Mineral Resources Minister H Rohluna today told the state assembly that ONGC has discovered hydrocarbon (gas) deposit at Meidum village in Kolasib district.

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Engie to sell 10% of Petronet LNG

Engie to sell 10% of Petronet LNG

France’s Engie is planning to sell its entire 10% stake in Petronet LNG, India’s largest importer of LNG. GDF International, an Engie unit, has written to the four Indian state companies that together own half of Petronet LNG to offer shares in proportion to their holdings, Petronet said.

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Nifty

Crude below $50/bbl, rupee, Nifty at record highs; but this may sour mood

It’s a dream run for rupee and benchmark equity index NSE Nifty, as both of them are at their record levels. The former hit a fresh 16-month high on Thursday, while the latter closed above the 9,100 level for the first time ever.

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deepest gas

ONGC to invest Rs 21,500-crore in India's deepest gas find

State-owned ONGC will invest over Rs 21,500 crore to develop India's deepest gas discovery by 2022-23, helping it more than double output from its prime KG basin block.

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Suncor sells cargo of offshore Canadian crude to Indian Oil Corp

Suncor sells cargo of offshore Canadian crude to Indian Oil Corp

Suncor Energy has sold a cargo of offshore Canadian crude from its Hibernia field to Indian Oil Corp , a Suncor spokeswoman said on Wednesday.

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US LNG contracts swap to help GAIL avoid a big hit

US LNG contracts swap to help GAIL avoid a big hit

The Street felt that India's largest gas marketing company may suffer losses as the price of gas it sourced was linked to the US natural gas price

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The impact of lower oil prices

The impact of lower oil prices

Brent crude prices dropped to a three-month low on 14 March to $51 a barrel (see chart). That’s despite Opec’s (Organization of the Petroleum Exporting Countries) efforts to cut production and stabilize the market.

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Bio-ethanol industry set to see investments worth Rs 30,000 crore

Bio-ethanol industry set to see investments worth Rs 30,000 crore

With the ministry of petroleum and natural gas betting big on bringing down the import of crude oil through increasing its dependency on bio-fuels

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I-T to appeal against Rs 19k-cr relief to Cairn

I-T to appeal against Rs 19k-cr relief to Cairn

The tax battle between British oil major Cairn and the government is set to get murkier, with the income tax (I-T) department considering appealing in a high court against a tax tribunal’s order giving Rs 18,800-crore interest relief to the company.

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Oil field leases may be extended 4 years before expiry

Oil field leases may be extended 4 years before expiry

The government will extend the lease for oil or gas fields four years before the initial 20-year term expires, failing which an extension plea would be deemed to have been rejected

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Oil prices at 3-month low, will it recover? Cuts in US inventory to revive market

Oil prices at 3-month low, will it recover? Cuts in US inventory to revive market

In the past fortnight, WTI and Brent oil prices declined by around 8.5 and 10 per cent, respectively, while on the MCX prices declined by around 10 per cent in the same time frame.

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Marketing

Cabinet approves Policy for Early Monetization of Coal Bed Methane Gas Marketing and Pricing Freedom for CBM Gas

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi todaygave its approval for marketing and pricing freedom to the Coal Bed Methane

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Cabinet

Cabinet okays sale of IOC's 24% stake in Lubrizol India

The Cabinet today approved sale of state-owned Indian Oil Corp's (IOC) 24 per cent stake in Lubrizol India Pvt Ltd to Lubrizol Corporation, USA for an undisclosed sum.

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Government to launch second round of small oilfield auction

Government to launch second round of small oilfield auction

The government will launch the second round of small oilfield auction in 2017-18, and introduce a policy to incentivise production from ageing fields in a bid to raise oil and gas output declining for the past few years, the oil minister has said.

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imports

India imports petrol, diesel from China

India has perhaps for the first time imported petrol and diesel from China as the world's third largest oil consumer looks at diversifying its sources of fuel.

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Merger talks of ONGC, HPCL on at ministerial level

Merger talks of ONGC, HPCL on at ministerial level

State-owned oil major ONGC has said the preliminary discussion for its acquisition of India's third-biggest fuel retailer HPCL has started and is going on at the ministerial level.

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It’s not all gas: OMCs can double your wealth in 3 years, says Deutsche Bank

It’s not all gas: OMCs can double your wealth in 3 years, says Deutsche Bank

Shares of oil marketing companies such as Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation

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Can TAPI pipeline reinvigorate India-Pakistan relations

Can TAPI pipeline reinvigorate India-Pakistan relations

After almost over a year of groundbreaking of the TAPI project in December 2015, a long-awaited work on 1,680-km Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline got under way on March 3, 2017 in Pakistan.

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Iran leapfrogs Iraq as India's number 2 crude oil supplier in Feb: Trade data

Iran leapfrogs Iraq as India's number 2 crude oil supplier in Feb: Trade data

India's oil imports from Iran rose nearly 17 percent in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia

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New India Assurance bags RIL's Rs 500-crore combined cover

New India Assurance bags RIL's Rs 500-crore combined cover

State-owned insurer New India Assurance has bagged a Rs 500-crore combined cover from Reliance Industries for its onshore and offshore assets for the next financial year, according to industry sources.

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OilMin moves Cabinet to get RIL, ONGC pricing freedom

OilMin moves Cabinet to get RIL, ONGC pricing freedom

In a boost to firms like Reliance Industries and ONGC, the oil ministry has moved a proposal to the Cabinet for allowing pricing freedom for natural gas produced from coal seams.

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The role of biodiesel in curbing pollution

The role of biodiesel in curbing pollution

Rapidly increasing vehicular pollution and complete neglect by the authorities to take pollution-reduction measures over the past few decades have resulted in deterioration of ambient air quality across the country.

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Iran, not Iraq, is India’s No 2 oil supplier

Iran, not Iraq, is India’s No 2 oil supplier

India's oil imports from Iran rose nearly 17% in February from a month earlier as refiners received less crude from key Opec producers Saudi Arabia and Iraq after an Opec deal to cut output, shipping data showed on Monday.

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INFRASTRUCTURE

How Indian Railways selects 55 big ideas to get itself back on track

How Indian Railways selects 55 big ideas to get itself back on track

Delhi's Rail Bhawan will witness some construction work in the next few weeks. A contract has been awarded to build a 125 sq m prefabricated office on a third-floor terrace not far from the cabins of the members and chairman of the Railway Board — the highest decision making body of the Indian Railways (IR).

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Has Railways put ATVM issue on slow coach?

Has Railways put ATVM issue on slow coach?

Yet another inauguration, yet more announcements, supposedly for passengers. That’s what is on the cards today when railway minister Suresh Prabhu visits Kurla’s Lokmanya Tilak Terminus (LTT).

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Union Railway Minister, Suresh Prabhu in Mumbai to launch new projects

Union Railway Minister, Suresh Prabhu in Mumbai to launch new projects

The Union Railway Minister, Suresh Prabhu will flag off several long distance trains and announce new initiatives today on the central railway.

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First branded train to chug ahead on Monday

First branded train to chug ahead on Monday

When the Mumbai-Ahmedabad doubledecker Shatabdi chugs out of Mumbai Central on March 20, it will be swathed in advertisements.

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Suresh Prabhu

Railway Minister Suresh Prabhu flags off country’s first ‘Made in India’ train – Medha

Railway Minister Suresh Prabhu today flagged off the all new Medha rake that comes under country’s first ‘Make in India’ EMU rake for suburban travel on Western Railways.

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Rs.11,421cr investments for basic urban infrastructure in Uttar Pradesh under Atal Mission (AMRUT)

Rs.11,421cr investments for basic urban infrastructure in Uttar Pradesh under Atal Mission (AMRUT)

Under the Centrally Sponsored Scheme of Atal Mission for Rejuvenation and Urban Transformation (AMRUT), a total expenditure of Rs.11,421 cr will be incurred in Uttar Pradesh on improving basic urban infrastructure in 61 cities and towns with a population of above one lakh each by 2019-20.

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Australia research centre enters into agreement with Indian railways

Australia research centre enters into agreement with Indian railways

A Railway research centre in Australia has entered into an agreement with the Indian Railways to support future research and technology development related to critical infrastructure in India.

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High speed trains in India to speed at 320kph by 2023

High speed trains in India to speed at 320kph by 2023

The project for India’s first bullet train which is expected to run from Mumbai to Ahmadabad soon has begun. The the total time between these two places will be two hours seven minutes once started. As per the report by Nikkei Asian Review, the high speed trains is expected to have a speed of 320kph by 2023.

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Indian Railways takes a leap! These 'Make in India' suburban rail EMUs will replace ones powered by MNCs

Indian Railways takes a leap! These 'Make in India' suburban rail EMUs will replace ones powered by MNCs

Suresh Prabhu-led Indian Railways set for a gamechanger 'Make in India' move! The country's first 'Make in India' EMU rake for suburban travel on Western Railways is ready for use! The rake has been manufactured by the Integral Coach Factory (ICF) Chennai and what makes it special is that its propulsion system is indigenous. Earlier EMUs of Indian Railways have systems from either Bombardier or Siemens.

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Rs 226 crore for 7 cities to strengthen surveillance system

Rs 226 crore for 7 cities to strengthen surveillance system

Seven major cities, including Delhi and Mumbai, have been given Rs 226 crore for augmenting infrastructure for surveillance, Union Minister Hansraj Ahir said today.

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Suresh Prabhu for rail connectivity with neighbouring nations

Suresh Prabhu for rail connectivity with neighbouring nations

Railway Minister Suresh Prabhu today pitched for rail connectivity with neighbouring countries to boost trade and eliminate poverty in the region

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Aviation to become part of multi-modal logistics hubs: Nitin Gadkari

Aviation to become part of multi-modal logistics hubs: Nitin Gadkari

Aviation sector will now be a part of multi-modal logistics hubs in India to promote holistic logistics solutions, union minister Nitin Gadkari said today

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NITI Aayog’s Grand Plan To Revolutionise India’s Public Transport Network

NITI Aayog’s Grand Plan To Revolutionise India’s Public Transport Network

India’s premier government-sponsored think tank, NITI Aayog, has come up with a new policy that aims to change the face of India’s public transport with a combination of electric vehicles

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Trust

Kolkata Port Trust records highest container throughput in FY 2016-17

Kolkata Port Trust (KoPT) recorded the highest ever container throughput of over 6 lakh TEUs at Kolkata Dock System (KDS) in the current financial year 2016-17

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Bengaluru ranked worst in country in terms of infrastructure

Bengaluru ranked worst in country in terms of infrastructure

In bad news for the state government, Bengaluru has emerged as a city with one of the poorest infrastructures in the world, and the worst in country.

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Centre to develop logistics parks in 35 clusters

Centre to develop logistics parks in 35 clusters

As many as 35 clusters, accounting for half the total freight movement, have been identified for building logistics parks to improve the existing transportation and warehousing scenario in the country.

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Government approves Rs 2,147 crore highway project in UP

Government approves Rs 2,147 crore highway project in UP

The Cabinet today cleared a Rs 2,147.33-crore project for widening of Handia-Varanasi stretch in Uttar Pradesh, the first highway project approved by the Centre in the state after BJP's resounding victory in assembly polls.

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Good news for passengers, Suresh Prabhu says set to transform Indian Railways, unveils massive broad gauge, bio-toilets plan

Good news for passengers, Suresh Prabhu says set to transform Indian Railways, unveils massive broad gauge, bio-toilets plan

Converting the entire network of rail tracks into broad gauge and installing bio-toilets in all trains are among the ambitious projects being implemented to make the railways a major engine of the country’s growth.

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laning

Cabinet approves six laning of Handia-Varanasi section of NH-2 in Uttar Pradesh

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, on Wednesday gave its approval for development of the six laning of Handia-Varanasi section of NH-2 in Uttar Pradesh.

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Railways' discount scheme to bring back lost freight share, industries optimistic

Railways' discount scheme to bring back lost freight share, industries optimistic

Indian industry is upbeat about the railway's plan to have long-term tariff contracts with consumers in cement, steel and fertiliser sectors, with many companies now willing to bring in more freight traffic to the national carrier.

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infrastructure

India has a massive potential for infrastructure investments: Ken Peng, Citi Private Bank

It is believed that foreign institutional investors have not really participated in this leg of an all time high move on the Indian indices in a big way.

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