(PTI) With Prime Minister Narendra Modi setting steep target of cutting reliance on imports, the Oil Ministry has intensified monitoring of oil and gas fields given to state-owned firms like ONGC to avoid slippages in domestic output. Modi, in March 2015, had called for cutting India’s dependence on imports to meet oil needs by 10 per cent by 2022, from 77 per cent then. However, India’s import dependence has since only risen to 81 per cent. “Most of our production of oil and gas come from nomination fields with ONGC and Oil India. We have now started monitoring those fields…
Author: Aruna Sharma
Union Minister of State (IC) for Power, Coal, New & Renewable Energy, Shri Piyush Goyal released the first part of the study “Pathways to Integrate 175 Gigawatts of Renewable Energy into India’s Electricity Grid” at an event organized here today. The second volume, to be released in July, takes a more in-depth look at system operations in the Western and Southern regions. The study, developed under the U.S.-India bilateral program “Greening the Grid”, confirms the technical and economic viability of integrating 175 gigawatts (GW) of renewable energy into India’s power grid by 2022, and identifies future course of actions that…
The water storage available in 91 major reservoirs of the country for the week ending on June 29, 2017 was 29.665 BCM, which is 19% of total storage capacity of these reservoirs. This percentage was at 19 for the week ending on June 22, 2017. The level of June 29, 2017 was 126% of the storage of corresponding period of last year and 91% of storage of average of last ten years. The total storage capacity of these 91 reservoirs is 157.799 BCM which is about 62% of the total storage capacity of 253.388 BCM which is estimated to have been created in the country. 37 Reservoirs…
(ET) PM Narendra Modi’s visit to Gujarat on Thursday will also see the inauguration of the Sauni irrigation project that seeks to resolve problems of water shortage in Saurashtra with the help of the Narmada project, conceived by Modi as the CM of the State. “Saurashtra region is known for periodic drought. The rivers are of very short length. Irregular rainfall adds to uncertainty of water availability,” an official said, adding that the project seeks to resolve water problems in and around Surendrananagar. Gujarat CM Vijay Rupani said, “With the filling of Aji Dam by Narmada water, we have successfully…
(ET) Reliance Industries has signalled that its three operational wells at the Krishna-Godavari basin block are close to the end of their production and the company is working on extending its life cycle until a time it can replace it with output from new wells. Earlier this month, RIL chairman Mukesh Ambani, along with partner BP Plc chief executive officer Bob Dudley, expresses renewed confidence in the policy environment and the regulatory regime and said they they would jointly invest $6 billion in new fields discovered earlier in the deep-sea KG basin block. The company is also upbeat on its…
(OE Digital) India’s Oil and Natural Gas Company (ONGC) has agreed to a three-year contract to Vantage Drilling for use of the ultra-deepwater drillship Platinum Explorer offshore India. The Platinum Explorer is due to mobilize to India in Q4 2017. Expected revenues over the three-year contract term, exclusive of service tax, are approximately US$118 million. Ihab Toma, the company’s CEO, said: “We are delighted to put this drillship back to work in this challenging environment.” Vantage and the Platinum Explorer have previously worked for ONGC for five years. Last month, ONGC has issued tenders for drilling on its deepwater Block KG-DWN-98/2 on the…
(FE) Piqued by the “complacency” and lack of boldness of the state-level electricity regulators that stymie the UDAY scheme, grid efficiency and assorted other reforms meant to make the sector economically viable and competitive, the power and coal minister did some tough talking to them last Friday, as they assembled here under the banner of Forum of Regulators. “Look inside you,” he told the regulators, and added: “If you are so weak and cannot take action, then (you have) no business to be where you are.” Asking why issues of “10-50 paise” could not be resolved expediently — the minister…
(AU) पाकिस्तान ने एलओसी पर एक बार फिर सीजफायर उल्लंघन किया है। पाक ने एलओसी से सटे पुंछ इलाके में जोरदार गोलीबारी की है। न्यूज एजेंसी एएनआई की खबर के मुताबिक इस गोलीबारी में भारतीय सेना के दो जवान घायल हो गए हैं। इससे पहले भीमबर गली सेक्टर में भी पाकिस्तान ने सीजफायर का उल्लंघन किया था। पाकिस्तान अपनी हरकतों से बाज आता नजर नहीं आ रहा है। बुधवार को भी पाकिस्तान ने जम्मू-कश्मीर के पुंछ सेक्टर में भारी गोलीबारी की थी। फिलहाल इस फायरिंग में कितना नुकसान हुआ है इसका पता नहीं चल सका है। हालांकि भारतीय सेना ने मोर्चा संभाल रखा है। इससे…
(FE) Oil marketing company Hindustan Petroleum Corporation is looking to tap the overseas bond markets by issuing 10-year dollar bonds, debt market sources said. “The size of the issue is likely to be close to $500 million, although nothing is concrete as of now. Offshore markets seem to be conducive at present and we expect the yields to remain soft,” said an investment banker. The 10-year US Treasury yield — usually taken as a benchmark for pricing overseas issues — is currently trending close to 2.24%. The issue is likely to be a ‘Regulation S’ in which investors from Asia…
(AU) सिक्किम सेक्टर में भारत-चीन के सैनिकों के बीच धक्कामुक्की के बाद दोनों देशों में बढ़े गतिरोध के बीच सेना प्रमुख जनरल बिपिन रावत बृहस्पतिवार को सिक्किम का दौरा करेंगे। सेना प्रमुख इस सीमाई राज्य में ऑपरेशनल मामलों का जायजा लेंगे और फार्मेशन हेडक्वार्टर में शीर्ष कमांडरों से मुलाकात करेंगे। दोनों देशों के बीच सीमा विवाद को लेकर गहमागहमी है। वहीं मानसरोवर यात्रा पर गए भारतीय तीर्थयात्रियों के दो जत्थों को चीन ने नाथूला-पास से आगे नहीं बढ़ने दिया जिसकी वजह से उन्हें यात्रा से वापस लौटना पड़ा। वहीं चीन ने बुधवार को भारत और भूटान से लगी सीमा पर पुराने बंकर…