A two-decade-old LPG supply order restricting supply of domestically produced LPG to only state-owned oil companies has stymied plans to allow Bharat Petroleum Corporation Ltd (BPCL) to continue selling subsidised cooking gas (LPG) after its privatisation. A legal opinion has now been sought to ascertain if privatised BPCL will be eligible to receive liquefied petroleum gas (LPG) […]
To reduce its carbon footprint, Coal India Ltd (CIL) has put special thrust on energy efficiency measures and is forging ahead with a series of measures to offset carbon emission in mining operation in all its coal producing companies. CIL has also drawn an ambitious 5-year plan of carbon offset in different fields of its […]
State-owned CIL has given a go-ahead to a domestic firm for a Rs 1,880-crore coal bed methane (CBM) extraction project. The coal behemoth has invited bids from both domestic and overseas companies for two more coal bed methane projects. Coal India (CIL) will start producing coal bed methane (CBM) from its lease hold area under Bharat Coking Coal […]
GAIL India has proposed two pipelines to initially be monetised through the Infrastructure Investment Trust (InvIT) route, claims a Business Standard report. A proposal for the same is awaiting a nod from the centre and earlier plans to completely monetise the pipeline business of the company at one go are now on the back burner. Responding to a […]
GAIL, India’s largest gas utility, is set to bid for a 400 megawatts (MW) solar power capacity being auctioned by SECI (formerly Solar Energy Corporation of India), making it the latest state-run company to make an entry into the renewable energy (RE) space. GAIL’s Chairman Manoj Jain told Times of India that the company will bid for three photovoltaic […]
State-owned Oil and Natural Gas Corporation (ONGC) has agreed to do away with charging users a marketing margin on the gas it plans to produce from its KG basin field but has refused to lower the minimum rate, according to tender documents. ONGC, India’s top oil and gas producer, last month sought bids for sale of initial 2 million standard […]
The current surge in the prices of Asian spot liquefied natural gas (LNG) will help improve marketing margins for GAIL. Asian spot LNG price is up 72% from low of $5.6 per million British thermal unit (mBtu) in early March to the current level of $9.65 per mbtu as severe winter depleted gas inventories in North Asia and Europe leading […]
Oil and gas producer ONGC spent about one-fifth less than its budgeted Capex (capital expenditure) in 2020-21 fiscal after COVID-19 related restrictions delayed projects. However, the downstream units and fuel marketers like Indian Oil Corporation (IOC) exceeded targeted capital spending, a government report showed. Oil and Natural Gas Corporation (ONGC) had budgeted Rs 32,502 crore of capital spending in […]
Reliance Industries Ltd (RIL) has sold three-fourth of the gas from coal seams in Madhya Pradesh to an affiliate of the company at a price of just over $6 per million British thermal unit (mmBtu) at current oil prices. India Gas Solutions Private Limited, a 50: 50 joint venture between RIL and UK’s BP, bought 0.62 million […]
India is not considering any proposal to bifurcate state-owned gas utility GAIL (India) Ltd; instead the company is focused on building pipelines to connect gas sources to consumers to accelerate gas usage, Oil Minister Dharmendra Pradhan said. GAIL is India’s biggest natural gas marketing and trading firm and owns 60 per cent of the country’s 26,284-km gas […]
