Search Result for : Hydrocarbon Sector

The Dollar Business Bureau Prime Minister Narendra Modi on Monday exhorted Indian energy companies to expand their operations overseas, as he outlined his vision of creating energy corridors in the Middle-Eastern, Central Asian and South Asian regions. “I hope that our oil and gas sector companies will take the opportunity to tie up with their foreign counterparts to explore for more equity oil… Indian energy companies must become multinational and work towards India-Middle East, India-Central Asia, and India-South Asia energy corridors,” he said. Underlining that a stable and reasonably-priced energy is key to any country’s economic transformation, Modi said Indian energy majors need to increase their oil and gas production, while simultaneously focusing on forging partnership with energy companies in the region. ...

The Dollar Business Bureau Larsen & Tourbo Hydrocarbon Engineering (LTHE ) on Tuesday announced it has signed a pact with Parsons to provide engineering and design solutions in America."L&T Hydrocarbon Engineering, a leading engineering and construction company and a wholly-owned subsidiary of L&T, announced a teaming agreement with Parsons to provide engineering and design solutions for onshore and offshore projects across the hydrocarbon, fertiliser, chemicals, and modular plant sectors," L&T said in a statement. Commenting on the announcement of the pact, Subramanian Sarma, CEO MD of LTHE said, "LTHE's broad range of offerings across the hydrocarbon spectrum coupled with Parsons' strong programme management capabilities in the Americas will provide a compelling value proposition to the customers.”Parsons Group President Mike ...

The Dollar Business Bureau Petroleum Minister Dharmendra Pradhan on Sunday met Bangladesh Prime Minister Sheikh Hasina and said India was ready to continue supplying HSD (high-speed diesel) to Bangladesh in a sustainable manner. Pradhan said India will supply 2200 MT HSD from Siliguri Marketing Terminal of Numaligarh Refinery Ltd. (NRL) to Parbatipur Depot of Bangladesh Petroleum Corporation in Bangladesh. The decision to supply HSD was taken on the first day of Pradhan’s 3 day visit to Bangladesh, from April 17-19. “He shared the details of Indian hydrocarbon infrastructure project proposals in Bangladesh including setting up of LPG import terminal at Chittagong by IOCL and sought favourable consideration for creating a win-win situation for both sides. Pradhan also discussed the ‘Indo-Bangla Friendship Pipeline’ and called ...

The Dollar Business Bureau Calling for greater economic and strategic cooperation, India offered investment opportunities worth $1.5-1.8 billion in projects of Public Sector Units (PSUs) to the investors of United Arab Emirates (UAE). “Opportunities include a 44 per cent stake in ONGC Petro Additions for $700 million, a 24 per cent stake in Bharat Oman Refinery in Madhya Pradesh for $200 million and investment opportunity between $530 million to $850 million in a petrochemical project of HPCL and GAIL India in Andhra Pradesh,” Petroleum and Natural Gas Minister Dharmendra Pradhan said while addressing the UAE investors during his visit to Dubai. Indian Government has announced new Hydrocarbon Exploration Licensing Policy (HELP) to bring in more investments into the country’s exploration and production activity ...

Petroleum Minister Dharmendra Pradhan met Suhail Mohammed Al Mazrouei, Minister for Energy of UAE and discussed areas of mutual interest to further strengthen bilateral cooperation in the hydrocarbon sector The Dollar Business Bureau Indian public sector enterprises are interested in taking part in the production process or exploration of hydrocarbon in the UAE, Petroleum Minister Dharmendra Pradhan said   Seeking “favourable terms” for Indian oil companies for import of crude oil and LPG from the UAE, Petroleum Minister Dharmendra Pradhan said that the bilateral linkages between the two counties will grow further as a lot of potential in the field of hydrocarbon is still untapped. Pradhan met Suhail Mohammed Al Mazrouei, Minister for Energy of UAE, in New Delhi on Wednesday, ...