Oil and Natural Gas Corporation (ONGC) Limited has signed a Memorandum of Understanding (MoU) with US petroleum giant EXXON-Mobil on 14 October 2019. This MoU will enable the two petroleum companies to undertake joint technical studies and cooperate in frontier areas like deep water and other Petroleum Exploration Licence (PEL) blocks of ONGC in east and west coast and open acreages for joint bidding. The MoU was signed on the side-lines of IHS-CERAWeek at Delhi by ONGC Director (Exploration) Mr R K Srivastava and EXXON-Mobil CEO, South Asia Mr William P Davis in the presence of Minister of Petroleum &…
Author: Amit Bhanot
(TN) The 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (Nobel Prize) has been awarded to Indian-American Abhijit Banerjee, his wife Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty.” According to the Nobel Prize, the 2019 Economic Sciences Laureates’ research findings have dramatically improved the ability to fight poverty in practice. As a result of one of their studies, more than 5 million Indian children have benefitted from programmes of remedial tutoring in schools. The official release stated, “This year’s Laureates have introduced a new approach to obtaining reliable answers about the best…
(ET) Finance Minister Nirmala Sitharaman on Monday said that the government is committed to provide energy security to India. “….Here is the government which is committed for energy security for India. Energy security, which is not blindly using non-environment friendly sources,” Sitharaman said addressing India Energy Forum CERAWeek Summit here. The third India Energy Forum by CERAWeek has been organised in association with the Ministry of Petroleum and Natural Gas from October 13 to 15. The Summit, gives a platform to examine the fundamental challenges and opportunities to provide sustainable, secure and affordable energy choices to the people of India. Stating that India’s energy sector and energy commitment…
(PTI) Engineering firm Larsen & Toubro (L&T) on Monday said it has operationalised two thermal power units of 660 MW each at state-run NTPC’s Khargone plant in Madhya Pradesh and Tanda project in Uttar Pradesh. The operationalisation of these units has enabled NTPC to add 1,320 MW capacity to national grid and also demonstrated the company’s capabilities in executing complex power projects, L&T said in a statement. The 660-MW Khargone unit is country’s first ultra-supercritical unit set up on complete engineering, procurement and construction (EPC) basis. The 660-MW Tanda unit is equipped with supercritical boiler manufactured by L&T-MHPS Boilers Pvt Ltd, a joint venture company…
(Hindustan) एक निजी न्यूज चैनल के स्टिंग ऑपरेशन में फंसे बाबरी मस्जिद के पक्षकार हाजी महबूब के खिलाफ न्यायिक मजिस्ट्रेट द्वितीय कोर्ट में केस दर्ज करने की दायर अर्जी पर सुनवाई सोमवार को नहीं हो सकी। मामले में थाना रामजन्मभूमि से तलब की गई आख्या नहीं आने पर सुनवाई के लिए अगली तारीख 18 अक्तूबर नियत की गई है यह आदेश द्वितीय न्यायिक मजिस्ट्रेट देवेन्द्र प्रताप सिंह ने दिया। इसके बाद अयोध्या के तपस्वी जी मन्दिर के महंत परमहंस दास के अधिवक्ता संतोष वर्मा कोर्ट में उपस्थित हुए। न्यायालय में महंत की ओर दायर 156(3) की अर्जी में उल्लेख किया…
(PTI) More than a year since its inauguration, Gujarat government-backed LNG project at Mundra, built at an estimated cost of Rs 5,500 crore, may finally get commissioned by December, according to sources. A commercial dispute between the partners Gujarat State Petroleum Corp (GSPC) and Adani Group had stalled commissioning of the 5 million tonnes a year liquefied natural gas (LNG) import facility, they said. The terminal was mechanically completed in mid-2018 and was inaugurated by Prime Minister Narendra Modi. However, the commissioning has been stalled due to delay in finalisation of certain lease and sub-commission agreements between the promoters and the Gujarat government. A commissioning cargo from the US had…
(TH) Restrictions under Section 144 of the CrPc have been imposed in Ayodhya till December 10 in anticipation of the Babri Masjid-Ram Janmabhoomi case verdict in the Supreme Court and in view of the upcoming religious festivals. The restrictions came into force from October 12, said district magistrate Anuj Kumar Jha. As per the two-page official order, flying of drones and unmanned aerial vehicles has been banned within Ayodhya without the permission of the concerned authority. There is also a ban on overloading of boats within the boundary of Ayodhya. The manufacture and sale of firecrackers on Deepavali would be allowed only after…
(PTI) Uttar Pradesh Deputy Chief Minister Keshav Prasad Maurya has said voting in favour of the BJP will mean “dropping of a nuclear bomb on Pakistan”. He said the upcoming Maharashtra and Haryana Assembly elections are crucial as these will be the first polls in the country after the abrogation of Article 370, which gave special status to Jammu and Kashmir. He was addressing a public gathering in support of BJP candidate Narendra Mehta from Mira Bhayander Assembly segment in Maharashtra’s Thane district on Sunday night.“By pressing the lotus button (BJP’s poll symbol), not only Prime Minister Narendra Modi, Chief Minister…
(LiveMint) State-run Oil and Natural Gas Corp. Ltd (ONGC) may be forced to sell natural gas at a discount to its originally expected price from its newest deepwater block in the Krishna-Godavari basin as gas prices remain subdued due to a supply glut internationally, three people directly aware of ONGC’s discussions said requesting anonymity. ONGC plans to begin natural gas production from the deepwater block KG-DWN-98/2 in about two to three months and is expected to finalize shortly agreements for the sale of gas from the asset. The company, according to the people cited above, has been in talks since August to assess demand potential…
(FE) Even as a dearth of new power purchase agreements is stalling many under-construction and existing private power units, the virtually exclusive regime of cost-plus tariffs for the state-run NTPC is further undermining their ability to commence operations or operate at higher capacities. In the latest instance, NTPC’s sourcing of coal from mines located 1,100 km away in Jharkhand for its 1,200 MW Khargone plant in Madhya Pradesh is seen to raise its fuel cost, resulting in many states, including MP, having to pay the state-run firm despite them not sourcing electricity from the unit. According to a recent note by research…