Middle East oil exporters are locked in an increasingly fierce battle for the world’s fastest-growing markets in Asia, as producers worldwide ship more crude east to compensate for shrinking demand from the United States and Europe. 81 more words
Tags » Power And Energy
The Central Electricity Regulatory Commission (CERC) Tuesday announced draft tariff criteria for the power sector which include tightening of operating norms for power producing and transmission companies. 91 more words
The Petroleum Ministry has held that the oil regulator’s approval is not needed for setting up compressed natural gas (CNG) selling stations and companies were free to set up CNG pumps across cities.The Oil Ministry has, however, held that while PNGRB can issue authorisation for city gas distribution (CGD), companies are free to set up a CNG stations without its prior approval.
The hike in domestic gas price, which is expected to be implemented from April 1, 2014, may burden urea producing companies by over Rs 9,000 crore.The Yashwant Sinha panel said according to the information they received from the Department of Fertilisers, if gas price increases by $1/MMBTU, then per tonne increase in production cost of urea will be Rs 1,369.5 and the total production of urea by gas-based fertiliser companies is pegged at 18 million tonne.On an average, in India around 24.893 MMBTU of natural gas is required to produce one MT urea.
A Parliamentary Committee has asked government to treat the failure to implement approved plan for KG-D6 gas fields,as contractual “default” and take necessary action against RIL. 48 more words
The draft guidelines of the Central Electricity Regulatory Commission (CERC) have proposed that the incentives given to the thermal power projects should be linked to the PLF (plant load factor) of the plant and not PAF (plant availability factor).The PAF is the declared capacity or the total generation capacity of the plant, whereas PLF is the actual generation which is based on the demand.Responding to draft proposals of the electricity regulator, state-run utility NTPC proposed that company’s generation incentives should be linked to the actual power produced instead of supply.
Cairn India Ltd has bid for one oil and gas exploration block in Sri Lanka while ONGC Videsh did not bid for any of the 13 blocks on offer in that country mainly due to poor prospectivity.Sri Lanka received just three bids at the close with Cairn being the only major explorer bidding .Sri Lanka does not currently produce oil or gas and had spent USD 5 billion on imports in 2012.Besides the 13 shallow water blocks, Sri Lanka has also offered six ultra-deepwater blocks off the southeastern coast for a joint study with PRDS to establish their hydrocarbon potential.