ONGC has drawn a blueprint to raise crude oil production by 4 million tonne (MT) and almost double natural gas output by 2020 to meet Prime Minister Narendra Modi’s target of cutting India’s import dependence by 10 per cent, Chairman Shashi Shanker has said.
The Railway Board has ordered a review of all rail bridges in the country that need repair after it was found that out of the 275 such bridges only 23 had speed restrictions on them.
Solar sector attracted corporate funding worth USD 2.4 billion in the third quarter of 2017, lower than the fund flows registered in the year-ago period, says a report.
An ambitious high speed train project in south India has been delayed after Chinese railways, that completed a feasibility study a year ago, did not respond, railway officials have said, suggesting that the “lack of response” may be due to the Dokalam standoff.
Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the Group of Ministers (GoM) to look into the technical issues of GSTN, today said petroleum products should be brought under the Goods and Services Tax.
Petrol pump dealers called off their planned nationwide strike on October 13 after state oil companies rejected their demands and warned them against closure.
The Union cabinet has approved signing of an agreement with Japan to enable swapping of liquefied natural gas (LNG) supplies from overseas so as to save on transportation costs, and to build a gas trading platform in the country.
Oil Minister Dharmendra Pradhan today said India will offer investment opportunities worth USD 300 billion in the hydrocarbon sector over next 10 years so as to keep pace with the country’s energy demand.
An ONGC project for extraction of natural gas at Trishna in South Tripura would be operational by March, 2019, a top official of the company said here today.
India today pressed oil cartel OPEC to adopt “responsible pricing” for oil and consider the world’s third-biggest oil consumer as its preferred sales destination.