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NEW DELHI, Dec 6 (Reuters) - Kazakhstan's giant Kashagan oil field should be in production by end-2012, contractors for the project hope, the country's oil minister Sauat Mynbayev told reporters in Indian capital New Delhi on Monday.
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NEW DELHI (Reuters) - A ministerial panel could look at raising diesel prices before planned share sales of state-run companies Indian Oil Corp and Oil and Natural Gas Corp (ONGC), Oil Secretary S. Sundareshan said on Monday.
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NEW DELHI (Reuters) - France and India are likely to sign a framework contract during President Nicolas Sarkozy's visit to India for the sale of at least two French atomic reactors but a final deal could take another six months, a French source said on Sunday.
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CANCUN, Mexico (Reuters) - Governments are missing out on an easy opportunity to cut greenhouse gas emissions by not legislating clear energy-efficiency targets, corporate executives said on Saturday.
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BANGALORE (Reuters) - President Nicolas Sarkozy urged India on Saturday to support France's agenda of reforming the global monetary system during its presidency of the G20 and hinted a nuclear deal could be signed on his trip.
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WASHINGTON (Reuters) - BP Plc believes the actual flow rate of its massive oil spill in the Gulf of Mexico may have been significantly less than the government's final
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Videocon Industries, which is engaged in consumer durables, oil & gas and telecom businesses, said on Friday that it plans to raise $200 million or approximately Rs 900 crore from the sale of unsecured convertible bonds, which will mature in 2015. The company plans to list the bonds on the Singapore Exchange Securities Trading. The company, in a statement issued to the exchanges, said the amount generated from bond sale would be utilised for capital expenditure on new and existing project, over
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The standing committee on energy has recommended adopting penal provisions to punish hydropower project developers who default on implementation of allocated projects. This is to ensure that country s hydrogeneration potential is harnessed expeditiously. The parliamentary panel made this observation after it came out in a recent meeting that only 22% of the 15,627 mw hydropower capacity addition envisaged under the 11th Five Year Plan has been commissioned so far. Of the balance, 4,634 mw capac
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Even before the onset of harsh winter in North, Punjab, Haryana and Chandigarh are facing severe shortage of LPG, forcing consumers to wait for 15-20 days for getting delivery of cooking gas. According to KJS Bhuttar, president, LPG Distributors Federation(north-west), distributors are not getting enough LPG supplies from oil marketing companies. There are 840 distributors of LPG in Punjab, Haryana and Chandigarh. Shutting down of Indian Oil Corporation s Panipat Refinery for maintenance has re
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Global oil and gas field services majors Schlumberger and Halliburton are likely to be technology partners for India in its ambitious programme to explore shale gas, a new source of energy, from next year. Indian government and the two close competitors headquartered in the American industrial city Houston, Texas have informally explored the possibility of technology transfers to state-owned oil companies here, a source privy to the development told FE. Schlumberger and Halliburton are world le
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LONDON/TORONTO (Reuters) - U.S.-based Walter Energy Inc said on Friday it will buy Canada's Western Coal in a C$3.3 billion ($3.3 billion) deal that will make it the world's third-largest producer of steel-making metallurgical coal at a time of booming demand.
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HOUSTON (Reuters) - Chevron Pipe Line Co has agreed to pay a $400,000 penalty in a June 2010 Utah oil pipeline leak as federal investigators probe a new spill from the same line this week, a government spokesman said Friday.
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PARIS (Reuters) - President Nicolas Sarkozy will chase multi-billion euro deals in India for fighter planes and nuclear reactors during a four-day visit, and try to win support for his ambitious G20 agenda of financial reforms.
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In a bid to make Haryana eco-friendly, the state government has formulated a plan for mass production of bio-fuels from all kinds of biomass and organic waste. A Rs 1.83-crore plant will be set up at Hansi in Hisar district which will produce bio gas from animal waste. The plant will produce 1,000 cubic metre bio-gas and 3.96 tonne organic fertiliser daily, an official of Haryana Renewable Energy Development Agency said. The gas would be purified up to 96% and filled in cylinders and will be so
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India s merchandise trade deficit - the excess of imports over exports - could be more than $135 billion in 2010-11, putting further strain on the current account, due to an expected oil price spiral caused by Europe s extreme weather, commerce secretary Rahul Khullar told FE. Khullar s comment assumes significance since after the release of October data which showed exports growing faster than imports for the first time in three years the deficit for 2010-11 was re-estimated at a more comforta
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