The company would also enter into an agreement with state-owned GAIL in the middle of March this year for selling its entire production of CBM to the PSU.
North American Class 8 truck orders reported double-digit growth for two months. Speaking to CNBC-TV18, Baba Kalyani, CMD of Bharat Forge said that North American heavy truck market is beginning to show signs of some robustness.
"We have invested Rs 3,300 crore at our Ranigunj CBM block and already achieved one million scmd production. We will have to pump additional Rs 700-1,000 crore to reach the peak projected production of three million scmd capacity," Essar Exploration & production CEO Manish Maheswari said here today.
The NDA Government appears to be very keen on setting this story right which is evident from the efforts being made by the oil ministry towards stakeholder participation in policy formulation.
Speaking to CNBC-TV18‘s Meneka Doshi Dan Yergin, Chairman, IHS Cambridge Energy Research Associates says oil prices are expected to remain low for atleast this quarter and the next.
Goyal was speaking at the India-US Ministerial Energy Dialogue held at the US Department of Energy here on September 21. The Indian delegation was led by Goyal while the US side was led by Dr Ernest Moniz, the US Secretary of Energy.
According to Dipen Sheth, head-institutional research at HDFC Securities, structurally nothing has changed for India despite the 10 percent odd correction. He continues to remain a buyer of Nifty at current levels.
Tarun Lakhotia of Kotak Securities say the fair value estimate based on FY17 numbers is Rs 1,040 per share, which is valuing refining and petrochemical segments at 6 times EV/EBITDA.
Virendra Chauhan, Oil Analyst, Energy Aspects expects global Brent price to hover between USD 90-95/barrel in first half of 2015.
Indian Oil Corp, the nation's largest oil firm, will buy Malaysian firm Petronas' 10 per cent stake in a shale-gas assets and liquefied-natural-gas (LNG) project in British Columbia for USD 900 million, sources said.
Addressing the World Economic Forum (WEF) Annual Meeting, Cameron said Britain has chosen to embrace foreign investments and was also working on improving trade with countries in Asia and Americas.
The bank guarantee, which will be equivalent to the incremental revenue that RIL will get from the new gas price, will be encashed if it is proved that the company hoarded gas or deliberately suppressed production at the main Dhirubhai-1 and 3 (D1&D3) fields in the eastern offshore KG-D6 block since 2010-11, sources said.
Natural gas sector has witnessed a number of challenges in the recent past with decline in domestic production, delay in clearances from different authorities in development of new blocks and clarity regarding pricing of natural gas
India, the world's fourth-largest consumer of energy, could be sitting on as much as 96 trillion cubic feet (tcf) of recoverable shale gas reserves, equivalent to about 26 years of the country's gas demand, according to the US Energy Information Administration.
Even as gas takes off in the US as a cleaner and cheaper fuel, India is heading in the opposite direction with policy flip-flops and failed promises strewn along the way.
Demand and high prices of oil and gold are playing the spoil sport and triggering high CAD. The government has taken steps to curb gold import, but smuggling of the metal has jumped manifold. The only long-term solution is to control inflation and to have an alternative of financial instrument that people can choose over gold
Analysts say, despite chairman and CEO highlighting aggressive expansion plans for its petchem, E&P, refining and telecom businesses, there is very little clarity on how much will be spent in each segment.
Reliance Shares has not climbed much even after important announcements made in the 39th AGM held yesterday.
RIL is hopeful of doubling shale gas capacity in years to come. Shale gas production is an important segment in its E&P portfolio
RIL and its British partner BP plc have submitted to the government plans to bring to production satellite fields in the eastern offshore KG basin block to raise output that has plummeted to less than 16 million standard cubic meters per day from about 64 mmscmd achieved three years ago.
Reliance Industries will give an update on its telecom, shale gas and retail segments outlook in its 39th AGM to be held tomorrow.
Opening up the prospects of export of shale gas to energy starved India, the US today granted conditional authorisation to export domestically produced liquefied natural gas (LNG) to nations that do not have Free Trade Agreement (FTA) with it.
Move over economic depression. For Indians, America might just be back with a bang.
India will unveil a shale gas exploration policy in a month as it looks to exploit unconventional hydrocarbon resource to meet its growing energy needs.
US energy giant ConocoPhillips may next month finalise a partnership with state-owned Oil and Natural Gas Corp (ONGC) for exploration of shale gas resources in India.