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OCT 04 2012

Reliance signs crude oil supply deal with Venezuelan firm

  • Business Line, Our Bureau / Mumbai, 04 October 2012
  • Created:Thu 04th OCT 2012

Reliance Industries Ltd and Venezuelan state oil company Petroleos de Venezuela, SA have signed a 15-year heavy crude oil supply deal. The Indian petrochemical major also inked a memorandum ...

OCT 04 2012

The Venezuelan solution for oil prices

  • Ft.com, Javier Blas / London, 04 October 2012
  • Created:Thu 04th OCT 2012

Is Venezuela the answer to high oil prices?For the first time since Hugo Chvez won the presidential elections in 1998, the answer is a ...

OCT 04 2012

Strong rupee, better refining margins to prop up revenues of oil firms

  • Economic Times, Ramkrishna Kashelkar, ET Bureau / 04 October 2012
  • Created:Thu 04th OCT 2012

Indian petroleum industry's performance in the September 2012 quarter is likely to be better than in the June 2012 quarter, thanks to a stronger rupee, higher refinery margins and ...

OCT 04 2012

ONGC Rajahmundry Asset has new chief

  • Business Line, Our Bureau / Hyderabad, 04 October 2012
  • Created:Thu 04th OCT 2012

ONGC RAJAHMUNDRY ASSET GETS NEW CHIEFPasala Krishna Rao, Group General Manager-Head Drilling Services, ONGC Rajahmundry Asset, has been elevated as its Asset Manager ...

OCT 04 2012

Switching to CNG a better option after diesel price hike

  • Economic Times, Shreya Jai & Mitul Thakkar, ET Bureau / New Delhi, Ahmedabad, 04 October 2012
  • Created:Thu 04th OCT 2012

Switching to compressed natural gas-driven vehicles and replacing liquefied petroleum gas at home with piped natural gas makes even more sense after the recent revision in diesel prices and ...

OCT 04 2012

OIL-IOC to take stake in Carrizo’s shale gas asset

  • Business Line, Richa Mishra / New Delhi, 04 October 2012
  • Created:Thu 04th OCT 2012

Announcement likely today; PSUs looking at 30% stake The Oil India Ltd-Indian Oil Corporation partnership is expected to acquire participating interest in Houston-based ...

OCT 04 2012

Reliance Industries: The process of gas price increase makes Goldman Sachs bullish

  • Economic Times,Ramkrishna Kashelkar, ET Bureau / Mumbai, 04 October 2012
  • Created:Thu 04th OCT 2012

Discussion on a higher price for natural gas produced from KG-D6 from April 2014 has turned Goldman Sachs bullish on Reliance IndustriesBSE 0.70 % and maintains Buy rating with a 12-month ...

OCT 04 2012

GSPC to buy BG Group stake in Gujarat Gas for Rs 2,464 cr

  • Business Standard, BS Reporter / Ahmedabad, 04 October 2012
  • Created:Thu 04th OCT 2012

BG's sale of Gujarat Gas marks the beginning of its exit from the city gas distribution businessBarely a week after the British Gas’s (BG’s) stake ...

OCT 04 2012

Government willing to settle Manikonda row

  • Times of India/Hyderabad
  • Created:Thu 04th OCT 2012

  The high profile Manikonda Jagir case has taken a new turn with the state government reportedly considering to offer AP State Wakf Board about 300 acres of land initially and ...

OCT 03 2012

Radical implications of FDI up to 49% in power exchanges

  • Financial Express, Pramod Deo / 03 October 2012
  • Created:Wed 03rd OCT 2012

Considering that FDI up to 100%, under the automatic route, is permitted in the power sector (except atomic energy) for generation, transmission, distribution of electricity and power ...

OCT 03 2012

‘BHEL facing alarming situation in absence of new orders’

  • Business Line, PTI / New Delhi, 03 October 2012
  • Created:Wed 03rd OCT 2012

State-run BHEL is facing an “alarming situation” in the absence of new orders from the much-delayed power projects, despite an existing order book of Rs 1.30 lakh crore, ...

OCT 03 2012

US-India panel to be formed to plan financing for renewable energy

  • Business Line, M. Ramesh / Chennai, 03 October 2012
  • Created:Wed 03rd OCT 2012

The recently-concluded meeting of the US-India Energy Dialogue has decided to constitute a group to discuss financing options for encouraging electricity generation from renewable ...

OCT 03 2012

Early start helped us stay ahead of the curve in smart grid

  • Financial Express, Noor Mohammad / 03 October 2012
  • Created:Wed 03rd OCT 2012

With the share of infirm renewable power growing fast in India’s electricity mix, maintaining grid discipline is going to be a serious challenge for system operators. But smart ...

OCT 03 2012

NTPC to revisit overseas markets for funds

  • Business Standard, Shine Jacob & Somasroy Chakraborty / Kolkata, 03 October 2012
  • Created:Wed 03rd OCT 2012

Proposed issuance will be the fourth offering under its $2-billion medium-term-note programme, launched in 2006 Barely a week after it raised $500 ...

OCT 03 2012

Loan recast for discoms a big step in reforming power sector

  • Economic Times, ET Bureau / 03 October 2012
  • Created:Wed 03rd OCT 2012

The debt restructuring scheme announced recently for state distribution companies (discoms) is a critical step towards reforming the power sector, and nursing it back to good health. ...

OCT 03 2012

Distribution plan to get a boost with discoms as partners

  • Business Standard, Sudheer Pal Singh / New Delhi, 03 October 2012
  • Created:Wed 03rd OCT 2012

NTPC, India’s largest power generator, plans to expand its power distribution business. The company expects to quickly finalise a partner for its distribution arm, NTPC Electric ...

OCT 03 2012

Corporate governance in focus as divestment gathers steam

  • Business Standard, N Sundaresha Subramanian / New Delhi, 03 October 2012
  • Created:Wed 03rd OCT 2012

PSU firms more sensitive about investor issues than before, but a lot to be covered State-owned electric utilities firm Powergrid Corporation is facing ...

OCT 03 2012

Coal scam: CBI to probe role of PSU officials

  • Financial Express, Rajat Arora / New Delhi, 03 October 2012
  • Created:Wed 03rd OCT 2012

The Central Bureau of Investigation (CBI) will further widen the scope of its investigations into the coal block allocation scam by looking into the role of officials of Central and state ...

OCT 03 2012

To auction or to allocate?

  • Mint, V. Ranganathan / 03 October 2012
  • Created:Wed 03rd OCT 2012

A disingenuous argument is that a wrong decision, which causes a loss to the public exchequer, is as such criminal. This is a dangerous claim The ...

OCT 03 2012

Power producers want clarity on supply of imported coal by CIL

  • Economic Times, PTI / Kolkata, 03 October 2012
  • Created:Wed 03rd OCT 2012

Power producers waiting for the Fuel Supply Agreement (FSA) with Coal India LtdBSE 0.99 % have demanded greater clarity on coal import policy to take a call. "We ...