ONGC to auction over 60 fields to private operators
Oil and Natural Gas Corp. Ltd (ONGC) will shortly auction more than 60 of its discovered small and marginal fields to private companies, said two people aware of the development.
Infra PSUs Can Hope For Reintroduction Of Tax-free Bonds To Raise Capital
The 2019-20 Budget may consider re-introduction of tax-free bonds to raise capital for the infrastructure projects, sources said.
War risk insurance soars for Middle East tankers after attacks in Gulf of Oman
Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round of attacks on vessels.
US-based GIP in talks to buy Engie’s Indian solar power business
American investor Global Infrastructure Partners (GIP) is in talks to buy the Indian solar power business of French energy firm Engie SA in a deal potentially worth around $500 million, a person aware of the development said.
A railway station that looks more like airport
The Manduadih railway station in Uttar Pradesh looks less like a railway station and more like an airport terminal. The newly-revamped railway station is of world-class level – it can easily be mistaken for a swank corporate office.
Four passengers die in ‘unbearable’ heat onboard Kerala Express
Four people died in ‘unbearable’ heat while travelling by train in northern India, which has been in the grip of a heatwave for two weeks, officials and passengers said Tuesday. The four died Monday while travelling from Agra — the city of the Taj Mahal — to Coimbatore in the country’s south.
Oil rises on stronger financial markets, expectations of extended supply cuts
Oil prices rose on Tuesday in line with firmer financial markets and bolstered by expectations that producer goup OPEC and its allies will keep withholding supply. Front-month Brent crude futures, the international benchmark for oil prices, were at $62.71 at 0630 GMT, 42 cents, or 0.7%, above Friday’s close.
MP Power Management invites bids for 500 MW grid-scale energy storage
The MP Power Management Company, the Madhya Pradesh government’s holding firm for three power distribution companies (discoms) in the state, has invited expressions of interest from private firms for setting up 500 MW with 8 hours of continuous discharge of grid-scale energy storage service and a storage manufacturing facility in the state.
LNG imports rise by 9.7% as domestic consumption increases
India’s imports for the liquefied natural gas (LNG) increased 9.7% year-on-year and 13.4% month-on-month to 83 million metric standard cubic metres per day (mmscmd) said the Petroleum Planning & Analysis Cell and Ministry of Petroleum and Natural Gas.
Dull summer demand casts shadow on Indian Energy Exchange’s earnings
Investors never took fancy to the Indian Energy Exchange Ltd (IEX) stock in the secondary markets since it was already priced at a premium in the initial public offering. Besides, its high dependence on one product segment—the spot electricity market, was
