(FE) The Petroleum and Natural Gas Regulatory Board (PNGRB) has proposed 44 new geographical areas for the upcoming 11th round of bidding for city gas distribution (CGD). According to the new tentative list, the highest number of CGD areas will fall in Tamil Nadu (eight), to be followed by Maharashtra (seven) and Madhya Pradesh (six). At present, the CGD network covers 232 geographical areas spread over 407 districts in 27 states. Under the ninth and 10th rounds of bidding for CGD networks, the numbers of CNG stations and domestic piped natural gas (PNG) connections are expected to increase by 8,181…
Author: Aruna Sharma
(ET) National Skill Development Corporation (NSDC) has partnered with Salesforce to enhance its skill development and capacity building initiatives through Trailhead, the free online learning platform from Salesforce. Through this partnership, NSDC and Salesforce aim to empower learners and educators, regardless of socio-economic background, to skill up for the jobs of tomorrow with innovative content, presentations and training resource. The partnership also entails reaching out to colleges and universities to adopt NSDC’s wide array of courses and curriculum and engage with students through the Trailhead platform.
(LiveMint) India now ranks as the second-largest producer of crude steel after China, Union Minister Dharmendra Pradhan said on Wednesday. India’s crude steel production in 2018 was at 109.3 million tonnes, up by 7.7 percent from 101.5 million tonnes in 2017. This moved up to 111.2 million tonnes in 2019, Pradhan told the Rajya Sabha in a written reply quoting data from the World Steel Association.On the other hand, Japan ranks third globally with 104.3 million tonnes of crude steel production in 2018 and 99.3 million tonnes in 2019. In contrast, China remains number one with 920 million tonnes of production…
Q3 Net Profit up by 202% from Rs. 248 Crore to Rs. 747 Crore October – December 2019 Highlights Hindustan Petroleum Corporation Limited has recorded Profit after Tax (PAT) of Rs 747 crore for the period October-December, 2019 as against Rs 248 crore during the corresponding period of previous financial year. Gross sales during OctoberDecember, 2019 was Rs. 74,288 crore as compared to Rs. 76,884 crore for the sameperiod of previous financial year. During October-December 2019, the domestic sales of petroleum products increased to 9.8 million metric tonnes registering a growth of 3.2% over the corresponding quarter of previous year.…
Ministry of Petroleum and Natural Gas is working in collaboration with various Central Government Ministries/State Governments/ stakeholders to make efforts to achieve reduction in import dependency on oil. The import reduction strategy broadly includes increasing domestic production of oil and gas, improving energy efficiency and productivity, giving thrust on demand substitution, promoting biofuels and using alternate fuels/ renewables. Government has taken several steps to enhance exploration & production of oil and gas in the country which include; Policy for Relaxations, Extensions and Clarifications under Production Sharing Contract (PSC) regime for early monetization of hydrocarbon discoveries, Discovered Small Field Policy, Hydrocarbon…
Prime Minister Shri Narendra Modi, today inaugurated the 11th edition of DefExpo in Lucknow, Uttar Pradesh. India’s biennial military exhibition seeks to showcase the potential of the country as a global defence manufacturing hub. DefExpo 2020 has become one of India’s largest defence exhibition platform as well as one of the Top DefExpo in the world. This time more than a thousand defence manufacturers and 150 companies from all over the world are part of this Expo. Prime Minister said that he is doubly happy to welcome everyone to the 11th edition of DefExpo not only as the Prime Minister…
IOCL signs first Term contract for importing Russian crude oil to India in the presence of Minister of Petroleum and Natural Gas, Shri Dharmendra Pradhan and Mr Igor Sechin, CEO , Rosneft . Today, Minister of Petroleum and Natural Gas, Shri Dharmendra Pradhan, had fruitful meeting with Mr Igor Sechin, CEO , Rosneft .During the meeting, both leaders reviewed the ongoing investments between Indian oil & gas PSUs and Rosneft and discussed further enhancing energy cooperation and strengthening hydrocarbons engagement both on investment front as well as sourcing natural gas and crude oil. Hydrocarbon is an important pillar of the…
(ET) State-run oil firms plan to spend almost Rs 1 lakh crore next year, with Oil & Natural Gas Corporation’s expenditure set at one-third of the amount, as per the budget. The planned capex of Rs 98,520 crore for FY21 is about 3.7% higher than the Rs 95,000 crore budgeted for the current fiscal, of which state oil firms have spent about two-thirds in the nine months ended December. A total of Rs 52,000 crore will be spent on exploration and production next year, compared with Rs 48,400 crore this year. Spending on refining and marketing is set to fall by Rs 1,000 crore…
(BS) The joint venture (JV) of Reliance Industries (RIL) and BP on Monday said it had completed the cessation of production at D1/D3 fields in the KG-D6 block.The fields were India’s first deepwater gas field, which started production in April 2009. The fields were expected to cease production in 2015. But the company made specific investments to extend thier lives. “The RIL-BP joint venture has successfully worked to extend the life of production from the D1/D3 field, which otherwise would have ceased production in 2015 due to issues of reservoir pressure and water ingress,” the company said. The approved field…
(BS) Reserve Bank of India (RBI) Governor Shaktikanta Das has been named the Central Banker of the Year, Asia-Pacific 2020, by the Banker magazine.The award is given to central bankers who have “best managed to stimulate growth and stabilise their economy.” Jorgovanka Tabakovi, National Bank of Serbia, was adjudged the winner as the Global Central Banker of the Year. The awards were announced in an editorial of the Banker magazine on January 2.Nominating Das, the magazine said India’s banks have faced a series of challenges, from non-performing loans to issues around fraud. Repeated economic slumps saw the central bank cut interest rates five times during 2019, and…