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JUN 29 2012

Iran's oil top Asian buyers cut imports 18%

  • Economic Times, Reuters / Tokyo, 29 June 2012
  • Created:Fri 29th JUN 2012

Asia's top buyers of Iranian oil cut imports by more than a quarter of a million barrels per day in the first five months of the year as they prepared for US sanctions that take effect ...

JUN 29 2012

Petrol cheaper by up to Rs 3/litre

  • Business Line, Richa Mishra / New Delhi, 29 June 2012
  • Created:Fri 29th JUN 2012

Asia's top buyers of Iranian oil cut imports by more than a quarter of a million barrels per day in the first five months of the year as they prepared for US sanctions that take effect ...

JUN 29 2012

Crude oil futures rise to Rs 4,613 per barrel

  • Business Line, PTI / New Delhi, 29 June 2012
  • Created:Fri 29th JUN 2012

Crude oil futures prices rose 0.3 per cent to Rs 4,613 per barrel today as speculators created fresh positions, tracking a firm trend in Asian trade.At the Multi Commodity ...

JUN 29 2012

Dollar power

  • Financial Express, Economist / New Delhi, 29 June 2012
  • Created:Fri 29th JUN 2012

America is using the dollar to hurt Iran. Will it work?America's chokehold on Iran’s oil trade is tightening. New sanctions that come ...

JUN 29 2012

Essar hopes payback is around the corner

  • Business Standard, Shubahashish / Mumbai, 29 June 2012
  • Created:Fri 29th JUN 2012

Debt has soared after massive investments. It is now focusing on sweating its assets which could boost volume and margin growthWhen Essar Energy ...

JUN 29 2012

Cairn Energy selling stake in Indian unit: Source

  • Economic Times, Reuters / Mumbai, 29 June 2012
  • Created:Fri 29th JUN 2012

Cairn Energy is selling 66 million shares in its Cairn India unit at 307.40-317.50 rupees apiece, a source with direct knowledge of the deal told on Thursday. The order ...

JUN 29 2012

Essar Projects completes ONGC offshore unit

  • Business Line, Our Bureau / Mumbai, 29 June 2012
  • Created:Fri 29th JUN 2012

Essar Projects Ltd on Thursday announced the completion of Rs 1,064 crore D1 development project for ONGC.The project has been implemented at D1 offshore oil fields, which ...

JUN 29 2012

Energy firms $582.29 million investment in Nelp-IX

  • Economic Times, Rajeev Jayaswal, ET Bureau / New Delhi, 29 June 2012
  • Created:Fri 29th JUN 2012

Energy firms have committed investments worth $582.29 million in oil and gas exploration from 13 blocks, awarded in the recent bidding round, the oil ministry said. ...

JUN 29 2012

Villagers will be compensated if oil or gas is struck: GAIL

  • Economic Times, PTI / Thanjavur (TN), 29 June 2012
  • Created:Fri 29th JUN 2012

Gas India Limited has assured people of 23 villages in Thanjavur and Tiruvarur districts where it plans to go in for exploratory drilling that they would be compensated for land taken from ...

JUN 29 2012

KG-D6 reserves were certified independently: Reliance Industries Ltd

  • Economic Times,PTI / New Delhi, 29 June 2012
  • Created:Fri 29th JUN 2012

Reliance Industries today refuted suggestions that it may have inflated KG-D6 gas reserves, saying they were certified by leading independent international certifiers and KG fields are ...

JUN 29 2012

Reliance Gas wants clarity on fuel availability for laying pipelines

  • Business Line, Richa Mishra / New Delhi, 29 June 2012
  • Created:Fri 29th JUN 2012

Move follows petroleum regulator seeking licence cancellationA Mukesh Ambani company Reliance Gas Transportation Infrastructure Ltd (RGTIL) has asked ...

JUN 29 2012

Criminal case against VK Sibal, former Director General of Hydrocarbons divides CBI

  • Economic Times, Vikas Dhoot, ET Bureau / New Delhi, 29 June 2012
  • Created:Fri 29th JUN 2012

The Central Bureau of Investigation (CBI) is divided over converting a preliminary enquiry against former Director General of Hydrocarbons VK Sibal over corruption charges into a ...

JUN 28 2012

Maharashtra allows open access for fossil fuel-based captive power plants

  • Business Standard, Sanjay Jog / Mumbai, 28 June 2012
  • Created:Thu 28th JUN 2012

Fossil fuel-based captive power plants (CPPs) with power demand of 1 MVA (mega volt-ampere) and above are now entitled to open access in Maharashtra. For this, Maharashtra State Electricity ...

JUN 28 2012

Reliance Power synchronises 300 mega watt power unit in Maharashtra with grid

  • Economic Times, Sarita C Singh, ET Bureau / New Delhi, 28 June 2012
  • Created:Thu 28th JUN 2012

Reliance Power has synchronised with the electricity grid a 300-mw unit of its Butibori thermal power project near Nagpur in Maharashtra. Power generated from the plant will be distributed ...

JUN 28 2012

Tata Power Jojobera unit wins award

  • Business Line, Our Bureau / Kolkata, 28 June 2012
  • Created:Thu 28th JUN 2012

Tata Power’s Jojobera thermal power station at Jamshedpur in Jharkhand won the Golden Peacock Environment Management Award for 2012. The award will be presented in New Delhi during ...

JUN 28 2012

Amid rising power deficit, western region is a net exporter

  • Business Standard, Sanjay Jog / Mumbai, 28 June 2012
  • Created:Thu 28th JUN 2012

While the northern, southern and eastern regions are reeling under power crisis, the western region, comprising Maharashtra, Madhya Pradesh, Chhattisgarh, Gujarat and Goa, is a net exporter ...

JUN 28 2012

Tata Power scouts for coal mines in Indonesia, South Africa

  • Economic Times, PTI / Mumbai, 28 June 2012
  • Created:Thu 28th JUN 2012

With a severe shortage of domestic coal supply as the state-run monopoly Coal India is unable to increase output, private utility Tata Power is scouting for coal mines overseas, particularly ...

JUN 28 2012

MoEF declines clearance to KSK hydel project in Arunachal Pradesh

  • Business Line, PTI / Hyderabad, 28 June 2012
  • Created:Thu 28th JUN 2012

The Environment Ministry has declined clearance to the hydel power project of the KSK group saying the unit proposed in Arunachal Pradesh may fall under an area demarcated for a wildlife ...

JUN 28 2012

Rate rise done, BSES assures no power cuts

  • Business Standard, Sudheer Pal Singh / New Delhi, 28 June 2012
  • Created:Thu 28th JUN 2012

The R-Infra-controlled discoms, which meet about 70% of Delhi?s power needs, expect 35% jump in turnoverTuesday’s increase in ...

JUN 28 2012

Power Ministry to finalise 12th Plan bidding norms tomorrow

  • Business Line, Our Bureau / New Delhi, 28 June 2012
  • Created:Thu 28th JUN 2012

The Power Ministry will finalise the Standard Bidding Document (SBD) for power projects to be set up under 12th Five-Year Plan on Thursday.“The new bidding norms ...