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NEW DELHI: India will urge Qatar to increase exports of liquefied natural gas (LNG) by 3 million tonnes (mt) to 10.5 mt a year with immediate effect during the state visit to India next week by the Emir of Qatar, Sheikh Hamad bin Khalifa al-Thani, people close to the...
NEW DELHI: State-owned Oil India Ltd (OIL) is in talks to buy a stake in Chesapeake Energy Corp’s Mississippi Lime unconventional oil assets in Oklahoma. Chesapeake CEO Aubrey McClendon on February 14 made a presentation to OIL management on possible stake sale in its unconventional liquid rich carbonate play,...
Essar Oil is likely to cease fuel oil exports as early as May after starting a new delayed coker unit (DCU) at its 375,000 barrels per day Vadinar refinery last week, industry sources said on Wednesday. “Essar will stop exporting fuel oil, but spot offers may still be made...
MUMBAI:India’s diesel production will not be able to keep pace with the rapidly growing demand as the government’s pricing policy makes it cheaper than petrol – and even industrial fuels – and has triggered a tectonic shift in the automobile market with diesel cars selling more than their petrol...
NEW DELHI: Essar Oil is in talks with banks to repay sales tax worth crores of rupees to the Gujarat Government concerning its Vadinar refinery. The company faced a sales tax liability of Rs 6,300 crore after the Supreme Court set aside a Gujarat High Court order. Essar had...
LONDON/SINGAPORE: Oil prices dipped towards $124 a barrel on Wednesday on worries demand for crude could be curtailed after theUScentral bank dashed hopes of further economic stimulus and newsSaudi Arabiawould likely keep output high in the event of a stock release. Industry data showing a larger-than-expected rise in crude...
NEW DELHI: The government has invited views from all the stakeholders, including power generation firms for finalising the roadmap of the electricity sector for the next five years. Power sector planning body, Central Electricity Authority (CEA) has prepared the draft for National Electricity Plan (NEP) and has invited suggestions,...
KOLKATA: West Bengal’s state-owned power utility has sought to raise tariffs by 9 paise a unit on account of the railways’ recent 20% increase in coal carriage charges, according to officials in the state’s power department, who did not want to be named. West Bengal State Electricity Distribution Co....
NEW DELHI: Country’s largest power producer NTPC invited bids for supply of five million tonnes (MT) of imported coal to be utilised for 13 power plants. The fuel will be procured through international competitive bidding. The bidding documents for all the packages will be on sale from April 4...
HYDERABAD: India’s largest power generation company, NTPC Ltd has added a record capacity of 2,820 MW during 2011-12. With this capacity addition, the energy company has surpassed its earlier best capacity addition of 2,490 MW achieved during 2010-11. The total capacity of the company is now 37,000 MW. NTPC...