State-owned ONGC and Vedanta Ltd today emerged as the biggest bidders for oil and gas blocks, putting in 41 out of 56 bids received in India’s maiden auction under open acreage licensing regime.
Reliance Industries (RIL) has prima-facie not complied with one clause of the government’s coal bed methane (CBM) marketing policy because it sold the gas it produced to its own unit after participating in auctions, the oil ministry has found in its preliminary assessment.
The shortage of coal supply witnessed by thermal power plants last month has turned out to be a blessing in disguise for Indian Railways that alone hauls a bulk of India’s coal.
United Arab Emirates: The state-run Abu Dhabi National Oil Co. will put a minority stake in its gas station subsidiary up on the local stock market.
L&T Hydrocarbon Engineering, a wholly-owned subsidiary of Mumbai-based engineering giant Larsen and Tubro(L&T), announced it has bagged an offshore contract from Oil and Natural Gas Corporation (ONGC) valued at Rs 1,276 crore.
Coal import for October came in flat at 16.65 million tonnes, underpinned by cautious buying of the fossil fuel by consumers due to high prices in the overseas market.
Seeking PMO’s intervention for adequate coal supply to the aluminium industry, key players have said the shortages have put 7.5 lakh jobs in the sector at risk and investments are bogged down by a heavy debt load of Rs 70,000 crore.
Uttar Pradesh Chief Minister Yogi Adityanath inspected Anpara Power Plant in Uttar Pradesh’s Sonbhadra district and said that the state government aims to make electricity available to citizens at cheaper rates.
Lauding India’s renewables and solar photovoltaic (PV) programmes, UNIDO’s India representative Renevan Berkel on Wednesday said more work is needed to bring everybody under the ambit of these iniatives.
India’s top refiner Indian Oil Corp on Wednesday began trading crude oil through its Singapore unit, buying a million barrels of Nigerian oil Akpo, the state-run company’s head of finance AK Sharma said.