(ZeeBiz) The consumption of petroleum and gas products in India is rising, but almost half of the country’s natural gas has to be imported. To find domestic alternatives, the Modi government is planning to speed up the search for shale gas and oil reserves in the country. Various companies have been asked to submit plans regarding this. Taking this process forward is Union Petroleum Minister Dharmendra Pradhan, who met Y K Modi, Executive Chairman, and Prashant Modi, MD & CEO, Great Eastern Energy Corporation Limited (GEECL). The minister said, ”Happy to learn that GEECL is planning huge investment for Shale…
Author: Aruna Sharma
(ET) BP is still looking to close its deal with Bunge Ltd to merge sugar and ethanol assets in Brazil in 2019, so the companies can go on to plan their operations together for the new cane season that starts in early 2020. BP’s chief executive for biofuels, Mario Lindenhayn, told reporters on the sidelines of Datagro’s sugar conference in Sao Paulo the oil major was just waiting for the green light of antitrust bodies in three countries, including China, to close the deal. “We already had the approval from Brazil and the European Union, and we are expecting remaining approvals still this year, that…
(DJ) प्रधानमंत्री नरेंद्र मोदी आज (मंगलवार) से सऊदी अरब की दो दिवसीय यात्रा पर हैं। वह सोमवार सऊदी अरब के लिए रवाना हुए थे। मंगलवार को पीएम मोदी ने अरब न्यूज को दिए एक इंटरव्यू में कहा कि भारत अपने कच्चे तेल का लगभग 18% सऊदी अरब से आयात करता है, जो हमारे लिए कच्चे तेल का दूसरा सबसे बड़ा स्रोत है। अब हम एक करीबी रणनीतिक साझेदारी की ओर बढ़ रहे हैं जिसमें डाउनस्ट्रीम तेल और गैस परियोजनाओं में सऊदी निवेश शामिल होगा। उन्होंने आगे कहा कि हम ऊर्जा आवश्यकताओं के महत्वपूर्ण और विश्वसनीय स्रोत के रूप में किंगडम…
(ET) Air quality in the Capital slipped into the ‘severe’ category on Monday because of Diwali crackers, but relatively restrained use of fireworks and favourable winds made the morning after the festival the least polluted in three years, said weather scientists. Air quality is forecast to improve to ‘very poor’ with wind speeds likely to pick up, but the raging farm fires in Punjab and Haryana could have an adverse impact in the next couple of days as toxic fumes from these blazes reach the National Capital Region (NCR), said official forecasters.With particulate matter (PM) 2.5 levels higher in residential areas than…
(ET) Goa’s first 50 KW wind solar hybrid energy plant has been installed at Pfizer Limited’s manufacturing unit at Verna Industrial Estate. The six-blade, low RPM wind and solar energy system has been installed by Revayu Systems pvt ltd, said officials. In the future, Revayu Systems plans to install another 400 KW hybrid rooftop project for United Breweries Limited at Ponda. Revayu Systems has also completed a three months trial hybrid project for Goa Energy Development Agency (GEDA).The government of Goa already has a solar policy in place and power minister Nilesh Cabral has indicated that a hybrid energy policy could be on…
(FE) Globalisation has pervaded each economy so comprehensively that all economic events have lost country-specific features, as upward or downward event no longer remains confined within a geographic limit. This was truly evident in the latest World Economic Outlook report of IMF as it has coined the term ‘synchronised slowdown’ to describe the global economic movement in the recent period and make projections for next year. Global GDP is to come down to 3.0% against 3.3% projected in April ‘19. This slowdown in growth is contributed by EU (from 1.3% to 1.2% ), China (from 6.3% to 6.1%), Japan (from…
(AU) संयुक्त राष्ट्र की विमानन शाखा अंतरराष्ट्रीय नागरिक उड्डयन संगठन (आईसीएओ) ने पाकिस्तान से एयर इंडिया के विमान को लगातार मना करने को लेकर जानकारी मांगी है। पाकिस्तान ने भारत के राष्ट्रपति और प्रधानमंत्री को अपने हवाई क्षेत्र से गुजरने की इजाजत नहीं दी। जिसके बाद भारत ने आधिकारिक रूप से आईसीएओ में उसकी शिकायत की। भारत ने प्रधानमंत्री नरेंद मोदी के विमान को अपने हवाई क्षेत्र से गुजरने नहीं दिया जिसे लेकर भारत का कहना है कि इस तरह की उड़ानों की कोई भी सामान्य देश मंजूरी दे देता है। हालिया मामले में प्रधानमंत्री को रियाद जाने के लिए…
(FE) The government wants to give a cash booster to Corporate India and small businesses to invigorate the investment cycle but the Centre itself and assorted agencies owned and managed by it owed a staggering Rs 5 lakh crore to them and state-run agencies like FCI at the end of the last fiscal. Though there have been concerted efforts at least at the level of the central government to clear the backlog, unpaid dues of the general government to the businesses for various goods and services availed are still very high. According to a Niti Aayog assessment, the central government…
(PTI) The government is looking into state-owned Bharat Petroleum Corp Ltd’s (BPCL) investments in a gas block in Mozambique and has not yet formally given its approval to the firm for further spendings, sources said. Bharat PetroResources Ltd (BPRL), an exploration and production subsidiary of BPCL, had in August 2008 bought a 10 per cent stake in Area-1 Offshore of the Rovuma Block from the US energy major Anadarko Petroleum Corp for $75 million. That same month Videocon through its subsidiary acquired a 10 per cent stake in the same block for an equivalent block. Sources privy to the development said Anadarko had originally offered…
(PTI) Prime Minister Narendra Modi arrived in Riyadh late on Monday night on a two-day visit, during which he will attend the third edition of Saudi Arabia’s high-profile annual financial conference and hold bilateral talks with top leadership of the Gulf Kingdom. “Landed in the Kingdom of Saudi Arabia, marking the start of an important visit aimed at strengthening ties with a valued friend. Will be taking part in a wide range of programmes during this visit,” the prime minister tweeted. He will deliver the keynote address under the title ‘What’s next for India?’ at the Future Investment Initiative (FII), which is dubbed…