NATIONAL NEWS
06 JAN – Promote ethanol production from sugarcane, maize & agri waste: Nitish to officials
Patna: Bihar Chief Minister Nitish Kumar on Monday underscored that there is a huge potential of ethanol production in the state and asked officials to work on promoting ethanol production from sugarcane, maize and agri waste. Making ethanol from sugarcane will promote sugarcane industries in the state, Kumar said. “There is a huge potential Read more
06 JAN – Policy initiatives to help boost natural gas share in energy basket to 15%: PM
Dedicating the Kochi-Mangaluru Natural Gas Pipeline to the nation via video conferencing on Tuesday, he said the Government will invest crores of rupees in the oil and gas sector in this decade itself. Stating that the Kochi-Mangaluru pipeline will be a major driver of development in both Kerala and Karnataka, he said India Read more
05 JAN -India sets up high-level group for South Asia energy security
The government has set up a high-level group headed by former Union power secretary Ram Vinay Shahi and tasked it with helping build a South Asia-focused energy security architecture, said two people aware of the development. Cross-border energy trade is a key part of Prime Minister Narendra Modi’s neighbourhood-first policy, with plans to Read more
05 JAN – Bengal govt to provide 40 acres of land free of cost to ONGC
The Bengal government will provide 40 acres of land free of cost to Oil and Natural Gas Corporation to develop the Ashoknagar block where the central PSU has discovered hydrocarbon reserves, hoping that the find will catalyse industrial resurgence in the state. Chief minister Mamata Banerjee has written a letter to Union petroleum Read more
05 JAN – Pradhan flags off equipment for Indian Oil”s MEG Plant at Paradip
Ahmedabad, Union Petroleum Minister Dharmendra Pradhan on Monday flagged off from L&T”s Hazira plant in Surat district critical components bound for Indian Oil”s MEG (mono-ethylene glycol) plant coming up at the refinery-cum-petrochemical complex at Paradip in Odisha. During his visit to Surat in Gujarat, the minister flagged off the equipment from the Read more
05 JAN – Centre may bring natural gas within the GST ambit
The Union government, which is planning a major policy push to raise the share of natural gas in India’s energy mix from the current level of 6.2% to 15% by 2030, is considering a proposal to bring natural gas within the ambit of the Goods and Services Tax (GST) — a move that will Read more
04 JAN – Cheaper LPG may help the fight against pandemic, says PGI study
Chandigarh: Linking the supply of ‘costlier’ LPG during the lockdown and the spread of coronavirus infection, a study by PGI scientists has recommended reducing the price of the clean fuel to prevent insufficient access to clean energy, especially in the rural areas, which may aggravate the Covid-19 situation. In the study, published in Read more
04 JAN – India has ‘no immediate plans’ to resume oil purchases from Iran after Trump’s White House exit
New Delhi: India has “no immediate plans” to resume oil purchases from Iran as American sanctions remain in place, and it will take time for the incoming Joe Biden administration to return to the Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), ThePrint has learnt. Sources said India believes Read more
04 JAN – Reliance, BP commit to pay for any shortfall in KG-D6 production to buyers
New Delhi: Reliance Industries Ltd and its partner BP Plc of UK have committed to pay in cash for any natural gas volumes they are unable to deliver to customers from the next wave of discoveries in the eastern offshore KG-D6 block. According to draft gas sales and purchase agreement (GSPA) Reliance and Read more
02 JAN – Cabinet approves Rs 4,573 cr interest subvention to raise ethanol production capacity
New Delhi: The Union Cabinet on Wednesday approved a scheme to provide bank loans at lower rates to distilleries producing ethanol for doping in petrol, with a view to raising India’s ethanol production capacity to suck out surplus sugar as well as cut oil imports. Oil Minister Dharmendra Pradhan said the government is Read more
02 JAN – Bengal oil better than Brent
The quality of oil that ONGC has discovered in the Bengal basin is superior to Brent and on a par with West Texas Intermediate (WTI) — the world’s best-known benchmark crude oils. The small quantity of oil, being lifted from Ashoknagar -1 block in South 24-Praganas, has an API gravity of 40-41, Read more
02 JAN – Hydrocarbon data mining: Petroleum Ministry for making NDR an ‘autonomous body’
Given the need to accelerate hydrocarbon explorations in the country, the Ministry of Petroleum & Natural Gas is considering creating an autonomous body that will mine the data, which is the key for improving India’s strike rate in the sector. “An institutionalised approach is needed to generate exploration data to significantly de-risk exploration Read more
17 DEC – One Nation One Grid Energy Initiative: India paves it’s way ahead
India has issued an open invitation to the biogas developers for making investments here as it launched the ‘One Nation, One Gas Grid’ energy initiative recently. Prime Minister talked about RE-INVEST in his speech regarding the same. Get to know about the scheme and more below. What is the objective of One Nation One Read more
17 DEC – Amid Chinese glare, India and Vietnam look to ramp up energy, defence ties
NEW DELHI: Despite China’s objections to Indian investment in Vietnam’s oil and gas sector, India and Vietnam are looking to scale up energy ties, while also strengthening defence and security cooperation. Ahead of PM Narendra Modi’s virtual meeting with his counterpart Nguyen Xuan Phuc next week, Vietnam has said it’s looking forward to oil Read more
17 DEC – Energy Sector And Atmanirbhar Bharat: Challenges And Prospects
Prime Minister Narendra Modi had announced the mission of Atmanirbhar Bharat earlier this year with a stimulus of Rs 20,000 crore. The agenda is in line with the Make in India initiative, to make India a self-reliant / Atmanirbhar country. One of the key mediums of securing self-sufficiency is through domestic industry based energy Read more