ONGC, OIL free from subsidy if average oil price is $60/barrel
May 22, 2015 at 20:42 | Source:
New Delhi: The government has exempted oil producers ONGC and Oil India from payment of fuel subsidy if the global oil prices average up to $60 a barrel, but will pay a graded rate beyond this threshold."We have received a communication from the...
Gail in talks with Shell to sell U.S. LNG supply| Reuters
May 21, 2015 at 01:30 | Source:
MILAN/NEW DELHI India's Gail has signed a preliminary deal with Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of U.S. production, three sources with knowledge of the matter said.Gail has also s...
India's planned west coast LNG plant attracts 4 initial bids | Reuters
May 13, 2015 at 23:15 | Source:
NEW DELHI India Gas Solutions, a joint venture of Reliance Industries Ltd and BP, U.S.-based Excelerate Energy and Japan's Mitsui and Co Ltd have bid to build a gas import facility on India's west coast, a company official said.A consortium of Norway...
Camp David summit to show Obama Gulf's generational shift| Reuters
May 12, 2015 at 23:46 | Source:
RIYADH/DUBAI The new generation of Gulf Arab leaders meeting U.S. President Barack Obama on Wednesday appear more assertive than their fathers, want a range of alliances instead of dependence on Washington, and may be readier to say 'no' to their mai...
Iran acting tough on ONGC over development of gas field
May 11, 2015 at 19:26 | Source:
New Delhi: Anticipating easing of Western sanctions against it, Iran is acting tough over giving state-owned ONGC the rights to develop the Farzad-B gas field in the Persian Gulf.Apparently upset over India not committing to invest in the ONGC-discov...
Bids for subsidy by gas power projects postponed by a day
May 11, 2015 at 13:24 | Source:
New Delhi: The process of bidding by stranded gas-based power projects for government subsidy support to purchase expensive imported LNG to restart stalled plants has been postponed till Tuesday."On the request of gas-based power plants develope...
GAIL India launches tender to buy two LNG cargoes| Reuters
May 06, 2015 at 23:45 | Source:
MILAN (Reuters) - Gail (India) Ltd has launched a tender to buy two liquefied natural gas (LNG) cargoes for delivery across May and June, traders said. (Reporting by Oleg Vukmanovic, editing by David Evans)This story has not been edited by Firstpost...