Essar Projects wins Rs 85-crore order from Indian Oil

Ruias-promoted Essar Projects today announced that it has bagged a Rs 85-crore order from Indian Oil Corporation to replace its 141 km of pipeline. "Essar Projects had bagged the contract for replacing 141 km of pipeline of 18-inch diameter in the Koyali-Viramgam section of Indian Oil Corporation's (IOC) Koyali-Sanganer pipeline. The contract is valued at more than Rs 85 crore, exclusive of the cost of pipes, which are being supplied by IOC" Essar Projects said in a release. Originating ...

Gail likely to realign Tamil Nadu pipeline to connect LNG terminal in Kochi with Bengaluru

Gail, India's largest natural gas pipeline operator,will likely agree to Tamil Nadu's    demand   of   realigning  the proposed pipeline to connect Petronet's LNG terminal in Kochi with Bengaluru along the national highway, an issue that has held up Rs 3,300-crore project for years. The state wants to avoid damage to farms and the  dispute has reached Supreme Court. Protests from thousands of farmers delayed the project that was to be completed by early 2013. This has hurt GAIL and Petronet....

ONGC likely to buy majority stake in GSPC Krishna Godavari gas block

NEW DELHI: ONGC could buy a majority Stake in GSPC's Krishna Godavari basin gas block, preventing the Gujarat goverment firm's Rs 19,500-crore loan from turning into an NPA. Gujarat State Petroleum Corp Ltd (GSPC) has been seeking to sell to the Oil & Natural Gas Corp for a while, sources said. GSPLC was to begin gas production from the block in 2013 but after sinking in $3.6 billion it was found that gas reserves are one-tenth of 20 trillion cubic feet claimed in 2005 and technically di...

GAIL reconfigures Rs 12,000 crore Jagdishpur-Haldia gas pipeline

Country's biggest natural gas transporter GAIL India LTD has reconfigured the Rs 12,000 crore Jagdishpur-Haldia pipeline , which will connect Prime Minister Narendra Modi's political constituency Varanasi to the gas grid, to link the Dhamra terminal. The over 2,500-kilometer line will be constructed in three phases and will also now connect Adani Group's Dhamra LNG import terminal in Odisha, GAIL Chairman and Managing Director B C Tripathi said here. In the first phase, a trunk pipeline fr...

India’s ONGC Has Massive Shale Exploration Plans

Indian state owned energy major ONGC has plans to go in for substantial shale oil and gas exploration program. The company is looking to drill as many as 17 wells in both east and west coasts, news agencyPress Trust of India reported Sunday citing minutes of a recent meeting of the Expert Appraisal Committee (EAC) of Ministry of Environment and Forests. ONGC has sought the ministry's nod to prepare Terms of Reference for exploring the wells. This would be first time the company would ta...