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MAY 17 2012

CIL inks fuel-supply deal with 14 power plants

  • Financial Express, PTI / New Delhi, 17 May 2012
  • Created:Thu 17th MAY 2012

Coal India has so far entered into pacts with 14 power plants for the supply of fossil fuel, while some have refused to sign it due to their objections on some of the clauses of the model ...

MAY 17 2012

Coalmin asks CIL to consider NTPC’s request on FSA

  • Financial Express, PTI / New Delhi, 17 May 2012
  • Created:Thu 17th MAY 2012

The government on Wednesday said it has asked Coal India (CIL) to consider NTPC's request for signing the fuel supply pact, with the revised minimum fuel supply level, for new units of ...

MAY 17 2012

Coal India declines 2% on reserve price report

  • Business Line, Our Bureau / New Delhi, 17 May 2012
  • Created:Thu 17th MAY 2012

Public sector miner Coal India's stock was seen under pressure in trading on Wednesday after reports said it would have to pay a reserve price for acquiring new ...

MAY 17 2012

Oil falls sharply on Euro zone worries

  • Business Line, PTI / Singapore, 17 May 2012
  • Created:Thu 17th MAY 2012

Oil prices fell sharply in Asian trade today as investors fretted over political uncertainty in the Euro zone, while concerns over softer US energy demand also weighed, analysts ...

MAY 17 2012

Crude futures down at Rs 5,034 per barrel

  • Business Line, PTI / New Delhi, 17 May 2012
  • Created:Thu 17th MAY 2012

Crude oil futures prices fell 0.96 per cent to Rs 5,034 per barrel today, as speculators engaged in reducing their positions amid a weakening trend overseas.At the Multi ...

MAY 17 2012

MRPL plans to bid for stake in ailing Haldia Petrochem

  • Business Line, Pratim Ranjan Bose / Kolkata, 17 May 2012
  • Created:Thu 17th MAY 2012

ONGC-controlled Mangalore Refinery and Petrochemicals Ltd plans to bid for acquiring West Bengal Government's stake in the ailing Haldia Petrochemicals Ltd.According ...

MAY 17 2012

Sound Move

  • Economic Times / 17 May 2012
  • Created:Thu 17th MAY 2012

A state-owned SPV for start-up work on infrastructure projects is a good idea The Prime Minister Office (PMO) has reportedly proposed creation of ...

MAY 17 2012

ONGC-Videsh output dips 7.3% on Syria, Sudan disturbances

  • Business Line, Our Bureau / New Delhi, 17 May 2012
  • Created:Thu 17th MAY 2012

Geo-political disturbances in Syria and Sudan impacted production of ONGC Videsh Ltd (OVL), the overseas subsidiary of public sector explorer ONGC.OVL's output came ...

MAY 17 2012

Petrol may rise Rs 5/litre, diesel by Rs 3

  • Economic Times / New Delhi, 17 May 2012
  • Created:Thu 17th MAY 2012

Get ready to pay more for fuels shortly. The hike is likely to kick in soon after Parliament's budget session ends on May 22. In a clear indication of the inevitable, ...

MAY 17 2012

Former ONGC Chairman joins Avendus

  • Business Line, PTI / New Delhi, 17 May 2012
  • Created:Thu 17th MAY 2012

Mumbai-based financial services firm Avendus Capital has appointed Mr R.S. Sharma, former CMD of ONGC, to its board of directors.According to a press release, the company ...

MAY 17 2012

BPCL,Videocon Stocks Rise on Mozambique Gas Find

  • Economic Times, Shuchi Srivastava / Mumbai, 17 May 2012
  • Created:Thu 17th MAY 2012

Bharat Petroleum Corporation Ltd and Videocon Industries shares rallied in trade on Wednesday after Texas-based Anadarko Petroleum, the operator of the Rovuma Offshore Area 1 in Mozambique, ...

MAY 17 2012

Reliance Industries’ expert explorer RN Bastia quits

  • Financial Express / New Delhi, 17 May 2012
  • Created:Thu 17th MAY 2012

Ravi Narayan Bastia, senior vice-president at Reliance Industries (RIL), who is credited with the gas discovery in the Krishna Godavari basin D6 field (KG-D6), has quit the ...

MAY 17 2012

Oil firms block 3.8 mn LPG connections

  • Business Standard, Ajay Modi / New Delhi, 17 May 2012
  • Created:Thu 17th MAY 2012

If you have multiple liquefied natural gas (LPG) connections or one along with a piped natural gas (PNG) connection, be ready to have your cylinder blocked if you do not surrender it. The ...

MAY 17 2012

Gas from KG-D6 drops to about 32 mmscmd: Reliance Industries

  • Economic Times, PTI / New Delhi, 17 May 2012
  • Created:Thu 17th MAY 2012

Reliance Industries has reported that natural gas production from its eastern offshore KG-D6 fields has dropped to about 32.66 million standard cubic meters per day. Gas ...

MAY 17 2012

India seeks shale gas supplies from US

  • Economic Times / New Delhi, 17 May 2012
  • Created:Thu 17th MAY 2012

India is looking at the possibility of importing liquefied shale gas from the US, as part of efforts to look at alternative sources to meet its energy security needs. The ...

MAY 17 2012

Red signal in exploration: BG abandons seismic survey plans

  • Business Standard, Kalpana Pathak / Mumbai, 17 May 2012
  • Created:Thu 17th MAY 2012

Energy companies British Gas (BG) and BHP Billiton had to drop their plans to conduct seismic surveys in oil blocks off the Andhra coast twice in the past 15 months, as the formal award of ...

MAY 16 2012

Several new power projects on the anvil

  • Business Standard, T E Narasimhan / 16 May 2012
  • Created:Wed 16th MAY 2012

New generating capacity will help the state withdraw power cutsPower-starved Tamil Nadu is expected to get an additional 4,887 Mw of power from state and Central projects, ...

MAY 16 2012

Adani group to bid for power transmission projects

  • Economic Times, Rachita Prasad, ET Bureau / Mumbai, 16 May 2012
  • Created:Wed 16th MAY 2012

The 32,000-crore Adani Group is gearing up to bid for power transmission line development projects, a segment so far dominated by two private sector companies that have bagged most of the ...

MAY 16 2012

Rupee-hit power producers seek stable gas prices now

  • Economic Times, ET Bureau / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

Indian power producers have asked the oil ministry to ensure stability in natural gas prices so that plants generating electricity from the fuel remain viable. The ...

MAY 16 2012

SBI group to finance 70% of DVC's new Bokaro Thermal unit

  • Economic Times, Atmadip Ray,ET Bureau / Kolkata, 16 May 2012
  • Created:Wed 16th MAY 2012

State Bank of India group has agreed to finance 70% of Damodar Valley Corporation's 500 mw Bokaro Thermal Power Station (A) Project, which is expected to be commissioned in April ...