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NOV 21 2012

State OMCs not keen on sharing fuel infra with airline firms

  • Financial Express, Parul, Prashant Mukherjee / New Delhi, 21 November 2012
  • Created:Wed 21st NOV 2012

State-owned oil marketing companies (OMCs), such as Indian Oil, Bharat Petroleum and Hindustan Petroleum, which enjoy monopoly in the aviation turbine fuel market, are reluctant to share ...

NOV 21 2012

Crude oil down on profit-taking, French rating cut

  • Business Line, PTI / Singapore, 21 November 2012
  • Created:Wed 21st NOV 2012

Crude oil was down in Asia today as traders took profits and ratings agency Moodys downgraded the French government bond rating, analysts said.New Yorks main contract, ...

NOV 21 2012

BP demands market price for natural gas

  • Business Line, PTI / New Delhi, 21 November 2012
  • Created:Wed 21st NOV 2012

Global oil company BP Plc has demanded a market price for natural gas to enable immediate development of a huge 10 trillion cubic feet (Tcf) of discoveries to help unlock up to $100-150 ...

NOV 21 2012

Govt's petro bill turns a headache

  • Business Standard, Ajay Modi / New Delhi, 21 November 2012
  • Created:Wed 21st NOV 2012

Earnings fall, even as fuel subsidy outgo set to climb new high of close to Rs 1,00,000 crIn a year that is certain to see a record fuel subsidy, the ...

NOV 21 2012

Rahul Dhir teams up with Warburg Pincus to set up new oil company Delonex Energy

  • Economic Times, Satish John, ET Bureau / Mumbai, 21 November 2012
  • Created:Wed 21st NOV 2012

Rahul Dhir, the man who built Cairn IndiaBSE -0.85 % from scratch to a Rs 63,000-crore oil exploration major, is teaming up with leading private equity firm Warburg Pincus to set up an ...

NOV 21 2012

Shell urges long-term European gas plan

  • Ft.com, Sylvia Pfeifer / Special Correspondent, 21 November 2012
  • Created:Wed 21st NOV 2012

Europe needs a long-term vision of how gas fits into its energy policy to ensure it can call on critical supplies such as imports of liquefied natural gas (LNG) in future, the chief ...

NOV 21 2012

BPCL-ONGC's Rs 5k-cr Mangalore LNG terminal on ice over 'viability'

  • Business Standard, Kalpana Pathak / Mumbai, 21 November 2012
  • Created:Wed 21st NOV 2012

The wait for the east coast to have a liquefied natural gas (LNG) terminal might get longer, with Bharat Petroleum Corp Ltd (BPCL) and Oil and Natural Gas Corp Ltd (ONGC), the two state-run ...

NOV 21 2012

Ministry withdraws note opposing KG-D6 gas price hike by Reliance

  • Business Line, PTI / New Delhi, 21 November 2012
  • Created:Wed 21st NOV 2012

The Oil Ministry has withdrawn a note it had circulated to the members of a ministerial panel opposing hike in the price of gas produced by Reliance Industries Ltd (RIL), as the Rangarajan ...

NOV 21 2012

A gas pipeline network is a basic need and huge investment opportunity

  • Economic Times, ET Bureau / 21 November 2012
  • Created:Wed 21st NOV 2012

Today, non-conventional energy meets 2% of the world's energy needs. The proportion could rise fast, given the tremendous advances in solar technology.Still, for the ...

NOV 21 2012

IGL commissions new concept CNG station in Delhi

  • Business Line, PTI / New Delhi, 21 November 2012
  • Created:Wed 21st NOV 2012

Indraprastha Gas Ltd (IGL) today said it has commissioned the nations first CNG station modelled on the concept of having Equipment on CanopyThis is IGL commissions first ...

NOV 21 2012

No special impact of new regulations on Petronet

  • Business Standard, Sheetal Agarwal / Mumbai, 21 November 2012
  • Created:Wed 21st NOV 2012

The notification is applicable only to those LNG terminals that are established after the PNGRB was set up, ie, post-October 2007The Petroleum and ...

NOV 21 2012

Reliance Industries agrees to KG-D6 audit by CAG; raises hopes of quicker approvals of more fields

  • Economic Times, Rajeev Jayaswal, Et Bureau / New Delhi, 21 November 2012
  • Created:Wed 21st NOV 2012

Reliance IndustriesBSE -1.27 % and the oil ministry have narrowed their differences over auditing of the controversial KG-D6 block and pricing of natural gas, raising hopes of quicker ...

NOV 20 2012

New major Indo-Nepal power transmission line agreed upon by both countries

  • Economic Times, Debasis Sarkar, ET Bureau / Siliguri, 20 November 2012
  • Created:Tue 20th NOV 2012

The handshaking gets stronger. India, with its high power demand in one side and Nepal in the other end with high power potential have come closer with the recently agreed planning for a new ...

NOV 20 2012

China to emerge worlds largest N-power generator by 2020

  • Business Line, PTI / Melbourne, 20 November 2012
  • Created:Tue 20th NOV 2012

China is set to emerge worlds largest nuclear power generator by end of 2020 even though it will continue to rely on coal to generate bulk of its electricity needs, a Rio Tinto executive has ...

NOV 20 2012

Poor generation dogs power firms in Sep

  • Mint, Ravi Krishnan / 20 November 2012
  • Created:Tue 20th NOV 2012

Scarcity of coal, gas continue to bite while parlous state electricity board finances weigh on balance sheetsPower stocks had rallied after the grand ...

NOV 20 2012

Gamesa bags order from PSU for 56 wind turbines

  • Business Line, M. Ramesh / Chennai, 20 November 2012
  • Created:Tue 20th NOV 2012

Gamesa Wind Turbines India has bagged an order from SJVN Ltd, a mini-ratna central public sector undertaking, for the supply of 56 wind turbines of 850 kW capacity each, totaling 47.60 MW. ...

NOV 20 2012

Mundra project drags down Tata Powers rating

  • Business Line, M. Ramesh / Chennai, 20 November 2012
  • Created:Tue 20th NOV 2012

The 4,000 MW Mundra Ultra Mega Power Project of Tata Powers subsidiary, Coastal Gujarat Power Ltd, has primarily caused Tata Power to suffer a downgrade in its credit rating from stable to ...

NOV 20 2012

"New solar policy offers Rs 21,000 cr biz opportunity"

  • Business Line, R. Yegya Narayanan / Coimbatore, 20 November 2012
  • Created:Tue 20th NOV 2012

The new solar energy policy unveiled by the Tamil Nadu Government appears to offer an Rs 21,000 crore -Rs 24000 crore business opportunity and the players in the field apparently are waiting ...

NOV 20 2012

Power producers looking at price hike of up to 21%

  • Business Line, Our Bureau / New Delhi, 20 November 2012
  • Created:Tue 20th NOV 2012

The new solar energy policy unveiled by the Tamil Nadu Government appears to offer an Rs 21,000 crore -Rs 24000 crore business opportunity and the players in the field apparently are waiting ...

NOV 20 2012

Towards Self Sufficiency

  • Economic Times / 20 November 2012
  • Created:Tue 20th NOV 2012

Treat public and private sectors alike for attracting big ticket investments in hydrocarbon sector, says Ashwin C. Muthiah, Executive Chairman, AM International Holdings group. Excerpts from ...