OPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus at an informal gathering in Algiers this month, OPEC Secretary-General Mohammed Barkindo said during a visit to Algeria, the country’s state news agency APS reported on Sunday.
Australia’s iconic gum trees may be used to produce enough low-carbon renewable jet fuel to power five per cent of the world’s aviation industry, a new study has claimed.
Global energy companies – Gazprom, Vedanta, Petrofac, Hardy Oil keen to expand operations in India’s oil and gas sector
Pradhan, who inaugurated the roadshow in London for India's DSF bidding round, met up with the heads of companies including CEO, Cairn Energy Simon Thomson, CEO, Marketing and trading, Gazprom, Vitaley Vasielev, London Stock Exchange's, Jasmine Arora, Magna energy CEO Mike Watts, CEO, Hardy Oil and Gas Plc, Ian MacKenzie, CEO, Petrofac Ayman Asfari, Dev Sanyal, Executive VP and Sashi Mukundan, Regional President, India Head, BP, Rahul Dhir of Delonex Energy and Louis Taylor, CEO of UK Export Finance.
Leading energy companies including Gazprom, Vedanta, Petrofac, Hardy Oil are keen to expand their operations in India’s oil and gas sector. Optimistic on India’s oil and gas sector, the heads of these companies met up with India’s petroleum minister Dharmendra Pradhan and expressed interest to expand their investments in the country’s oil and gas sector.
Since the launch of the Discovered Small Field Bid Round 2016 on 25th May 2016 in New Delhi, multiple interactive meets across India and various international locations – Houston, Calgary and Dubai have been conducted. The latest in the series was done in Singapore.
A delegation led by Minister of state (I/C) for petroleum and natural gas Dharmendra Pradhan and other dignitaries from India organized led this delegation and participated in the interactive meet in Singapore on Sep 9th. The Ministry of Petroleum and Natural Gas officials highlighted Government of India’s initiative of offering 46 Contract Areas consisting of 67 small fields across 9 sedimentary basins for exploration and production of oil and gas in India, in line with Honorable Prime Minister’s vision of reducing import dependency in oil and gas by 10% by 2022.
Dharmendra Pradhan leads Roadshows to Singapore and London to meet global investors community for 67 discovered oil and gas fields
Pradhan's presence at the road shows indicates the seriousness of the NDA government to interact at the highest level with investors community for its Discovered Small oil and gas Fields. Both London and Singapore are the key financial centres for global oil and gas community, to publicize and attract investments.
In a bid to showcase 67 of India’s discovered oil and gas fields before the global investors community at Singapore and London, Union Minister of State (I/C) for Petroleum and Natural Gas, Dharmendra Pradhan will be part of the roadshows to be held in these two countries from 9-14 September, 2016. Under this bid round, 67 Discovered Small Fields (DSF) are being offered for international bidding. These fields are spread over 9 sedimentary basins and will be offered in 46 contract areas. These fields are projected to yield 625 million barrels of oil and oil equivalent gas and spread over 1,500 sq kms in onland, shallow water and deep water
3rd India-Canada Energy Dialogue; Pradhan meets Canadian Natural Resources Minister, James Gordon Carr
Canada and India bilateral relationship was elevated to “Strategic Partnership’ during the visit of the Prime Minister Modi to Canada in 2015. Canada is also a prominent G-20 member.
Enhancing existing bilateral energy ties were discussed at a meeting between India’s Minister of State (I/C) for Petroleum and Natural Gas Dharmendra Pradhan with James Gordon Carr, Minister of Natural Resources of Canada in New Delhi on Sep 8. Pradhan co-chaired the 3rd India-Canada Energy Dialogue on Thursday. During the Energy Dialogue, both sides discussed aspects of bilateral energy sector engagements. These included, inter-alia, Indian investments in Canadian upstream sector, sourcing of crude and technologies from Canada, and the recently launched Discovered Small Fields Bidding Round.
The company’s PAT rose to Rs. 1,335 crore from Rs. 388 crore in the corresponding quarter of the last fiscal. GAIL’s PAT excluding gain from stake sale in Mahanagar Gas Limited is Rs 846 crore, signifying an increase by 118%.
During the quarter, GAIL’s Petrochemical business has seen a turnaround with production and sales jumping 149% and 121% respectively as compared to corresponding period of the previous year. This resulted in revenue increase in this segment by 95% to Rs. 1,133 crore and the profit stood at Rs. 9 crore in this quarter as against loss of Rs. 397 crore in the corresponding period of the previous year.
Union minister Dharmendra Pradhan launches #Gas4India campaign to promote Natural gas in the country.
#Gas4India is a Social Media Campaign aimed to spread the economic&environmental dynamics of Gas Based Economy
Out of 24,150 mw stranded gas based power capacity in India, 17,420 mw has been made operational following government support to provide gas (as R-LNG) and with financial support coming from the Power System Development Fund.
As many as nine stranded gas based power generation plants with an installed capacity of 5,070 MW have emerged as successful bidders after participating in the fourth phase of reverse e-bidding process. An official statement from the power ministry said this process will involve government support of Rs 187.14 crore from the Power System Development Fund. “Government of India is committed to the revival of such stranded power plants as a measure to ensure 24X7 power to all,” it added.
From making endless visits to rural belts of the country distributing LPG connections to the women in the category under the PMUY, to handling sectoral issues/reviews and engaging in diplomatic discussions concerning the oil and gas sector, Pradhan has also been bestowed with an important role by his party for the forthcoming assembly elections in Uttarakhand