Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …
Indian Oil Corporation (IOC) has invited bids for the construction of a 5 million tonne-a-year LNG terminal at Ennore in Tamil Nadu, which would be constructed at a cost of Rs. 4320 crore. According to officials, IOC is seeking expression of interest (EoI) proposals for a lump sum engineering, procurement …
Tanzania plans to raise spending by 17 percent in 2013/14 to 17.7 trillion shillings ($11 billion) with a focus on infrastructure projects, and aims to lift growth to 7 percent in 2013. The economy grew 6.9 percent in 2012 from 6.4 percent a year before, above the projected 6.8 percent, …
In keeping with new-found proximity to Gujarat chief minister Narendra Modi, UK minister of state for foreign office Hugo Swire in the second high-profile visit to the state after British high commissioner James Bevan’s visit, spent an hour with the CM in a bid to take the “engagement” to the …
The petroleum ministry will approach a ministerial panel for a road map on a gas price pooling mechanism to help the power sector absorb the high costs of imported liquified natural gas (LNG) and prevent investments of over R1 lakh crore from becoming non-performing assets. Petroleum minister M Veerappa Moily …
With its rising energy needs, India has emerged as the fourth largest energy consumer of the world after the US, China and Russia, but its per capita energy consumption remains lower than that of developed countries, says a report. "India is the fourth largest energy consumer in the world after …
With its rising energy needs, India has emerged the fourth largest energy consumer of the world after the US, China and Russia, but its per capita energy consumption remains lower than that of developed countries, says a report. “India is the fourth largest energy consumer in the world after the …
The state industry department has asked the Odisha Industrial Infrastructure Development Corporation (Idco) to formulate the draft memorandum of understanding (MoU) to be signed with Indian Oil Corporation Ltd (IOCL) after due consultation with district government pleader to avoid litigations. The Petroleum and Natural Gas Regulatory Board (PNGRB), the upstream …
In 2011, India was the fourth largest energy consumer in the world after the United States, China, and Russia. India's economy grew at an annual rate of approximately 7 percent since 2000 and proved relatively resilient to the 2008 global financial crisis. India was the 10th largest economy in the …
Consortium partners will sign memorandum of understanding on March 18 A consortium led by the Oil and Natural Gas Corporation Ltd (ONGC) will do a feasibility study on setting up a Liquefied Natural Gas (LNG) Regasification Terminal at the New Mangalore Port. The proposed terminal will have an initial capacity …
Policy on CBM in a week, shale in a fortnight After unleashing a frontal attack on subsidies and increasing the pricing freedom of oil companies, the government is set to unwrap key policy initiatives this month with a view to augmenting the country’s energy security. These include a new policy …
NEW DELHI: The oil and gas industry is hopeful that the budget may treat natural gas on a par with crude oil for tax exemption, which could revive investors' interest in future auction of oil blocks, but it does not see any strong commitment from the government on this matter. …
ONGC, BPCL soon to sign an MoU for putting up LNG terminal at Mangalore ONGC, Six years after the $1 billion project was put in cold storage, state-owned Oil & Natural Gas Corp (ONGC) will by this month-end revive plans to set up a liquid gas (LNG) import terminal near …
Oil minister M Veerappa Moily on Monday ruled out a rollback in the Rs.1.50-a-litre hike in petrol and 45 paise a litre increase in diesel rates, saying only a small raise has been passed on to consumers. “I think everybody would appreciate that we have not put a lot of …
The 1,000-km pipeline will feed industries at Belgaum, Dharwad, Gadag, Bellary, Davanagere, Chitradurga, Tumkuyr, Ramanagaram & Bengaluru State-owned gas utility GAIL India Ltd today commissioned a Rs 4,500 crore pipeline carrying gas from the just operationalised Dabhol LNG terminal into Bengaluru that promises to change the energy landscape of the …
State-owned gas firm GAIL (India) Ltd and US arm of France’s EDF group have placed a joint bid to acquire some of Spanish energy company Repsol SA’s LNG assets in Trinidad and Tobago. ‘‘We have placed a non-binding bid,’’ GAIL Chairman and Managing Director BC Tripathi told reporters here. Repsol …
U.S. natural gas policy, from hydraulic fracturing to exports, came under the microscope on Tuesday as environmental and industry groups presented their views on the issue to Congress and divided along mostly familiar lines. On a day U.S. President Barack Obama is set to lay out his agenda in the …
The market for natural gas in Asia is dominated by long-term contracts in which the price of gas is linked, or indexed, to that of oil. In recent years, this has helped keep Asian gas prices much higher than those in other parts of the world, leading to serious questions …
Despite the ECC body on Tuesday reached consensus that acceptance of two controversial bids would be violation of PPRA rules, petroleum ministry was going to press Cabinet’s Economic Coordination Committee (ECC) to clear these bids to go ahead on $25 billion LNG import project. However, petroleum ministry would ask economic …
Base price of domestic natural gas comes to around $7.4 per mBtu Analysts may be seeing a positive for Reliance Industries Ltd (RIL) in the Rangarajan panel’s recommendations on gas pricing, but the committee’s formula would work out the natural gas price at less than what RIL has been seeking …
A new fiscal regime for oil and gas output is broadly welcome with attendant institutional revamp There seems much policy reform in the pipeline in the oil and gas sector. The report of the ‘Committee on the production sharing contracts mechanism in petroleum industry’ calls for policy overhaul to incentivise …
