INDIA INTELLIGENCE REPORT
 

News Analysis - Oil, Energy & Power Generation

 
  • 31. Thai Bid for Myanmar's Natural Gas (August 01, 2006)
    Despite intense pressure from the US not to deal with Myanmar, Thailand’s largest energy firm PTT Plc has bid to compete with India and China for exclusive rights to harness the abundant natural gas in the northwestern areas of the military-run nation.<More>

  • 32. India Buys Power from Bhutan (August 01, 2006)
    India signed an agreement with Bhutan to buy power from the 1020 megawatt (MW) Tala hydro-electric project, the largest bilateral cooperation project funded by India in a foreign country, which is also the framework for future hydro-electric cooperation.<More>

  • 33. Iran Gas Deal is “Difficult” (July 26, 2006)
    India’s grand plans to source gas from Iran to meet its energy needs has been shattered with Iran’s Foreign Minister Manouchehr Mottaki saying there were “difficulties” in honoring the USD 22 billion contract to see Liquefied Natural Gas (LNG).<More>

  • 34. Lanka Allots Oil Blocks for India, China (July 12, 2006)
    For the first time ever, the Sri Lankan Government has invited India and China to explore for oil in two of the seven blocks identified for exploration along its sea belt on a “nomination” basis which means that the two nations will not have to bid on tenders.<More>

  • 35. Gail Consortium Signs Oman Deal (July 05, 2006)
    A Gas Authority of India Limited (GAIL) led consortium signed the Exploration and Production Sharing Agreement (EPSA) with The Government of the Sultanate of Oman for Block 56 last week for exploration and production of hydrocarbons.<More>

  • 36. US, Pakistan Energy Talks (June 28, 2006)
    The US and Pakistan will be talking about co-operating on energy this week in Washington with Pakistan expected to demand a nuclear deal along the lines of the civilian deal and the US saying that the needs of the sub-continent nations are different.<More>

  • 37. US Cautions India on Iran’s Nuke Program (June 22, 2006)
    A key extremist politician leading the US Congress International Relations Committee warned India to act responsibly by not supporting Iran’s nuclear ambitions and not to jeopardize Indo-US civilian nuclear deal up for discussions in the Committee on June 27.<More>

  • 38. Iran Threats Oil Disruption (June 05, 2006)
    In addition to its previous threats of attacking Israel and occupied coalition armies in Iraq and Afghanistan, Iran responded to bellicose statements from certain American establishments and promised to attack oil and natural gas ships if it is attacked by the US. <More>

  • 39. India wants TAPI  (May 19, 2006)
    With a dead-on-arrival Iran-Pakistan-India (IPI) pipeline, India signaled strong interest in the Turkmenistan-Afghanistan-Pakistan-India (TAPI) project that will transport natural gas for a severely energy deficient and rapidly expanding India.<More

  • 40. Commies Say No to Oil Price Hike (May 11, 2006)
    Buoyed by the exit polls that predicted an ultra-left victory in state elections, the communists vowed to stop the Government from hiking oil prices that could force oil companies to absorb a loss of over USD 16.5 billion or $13.5 billion for the exchequer.<More>

  • 41. Sharp Increase in Wind Power Generation (May 11, 2006)
    Turbine manufacturers in India say that they registered a 45% rise in installed wind power capacity grew to 5,200 megawatt (MW) from 3,595 MW with Tamil Nadu contributing a bulk of this capacity addition of 870 MW.<More

  • 42. Two More Mega Power Projects (May 8, 2006)
    Power Minister Sushil Kumar Shinde said that India would add two more 4000-megawatt (MW) mega power projects one each for Andhra Pradesh and Orissa each costing about USD 3.6 billion using a private-public investment vehicle.<More

  • 43. Uzbek Allows Indian Oil Exploration (April 28, 2006)
    India and Uzbekistan reached a landmark deal where the latter will allow Indian companies to explore for natural gas that can then be shared equally. <More>

  • 44. ONGC Reveals Major Expansion Plans (April 17, 2005)
    The State-owned Oil and Natural Gas Corporation Limited (ONGC) announced plans to create a mammoth 45.5 million tons (mt) refining capacity at a cost of USD 12.5 billion that will spur it closer to its vision of being a global player by 2009-10.<More>

  • 45. Indo-EU Energy Initiative (April 12, 2005)
    On the heals of US and India announcing Indian participation in FutureGen project,  the European and India are set to explore alternate sources of energy as envisaged by the recently-concluded First India-EU Business Conference on Energy.<More>

  • 46. ndia will be World’s Refinery Hub (April 10, 2005)
    Rising demand for energy, high price of oil, lack of US & EU investments in refinery has created a space for India, much like the business process outsourcing sector, to become the world’s choice destination for refining crude oil.<More>

  • 47. India & US in Futuristic Energy Project (April 05, 2005)
    The United States has invited India to participate in a futuristic private-public project, called the FutureGen that will build a coal-based power generation plant that will have zero carbon emissions at a cost of USD 950 million.<More>

  • 48. Energy Deficit India Sparks Mega Projects (March 25, 2006)
    Energy deficiency in India is seeing large investments in mega projects in refinery, pipeline installations, new power generation projects, power line grid deployment, and even private sector nuclear plants.<More>

  • 49. No Russia-China Accord on Pipeline (March 22, 2006)
    Visiting Russian President and his Chinese counterpart Hu Jintao signed three pacts but failed to agree on a pipeline to carry Natural Gas from Siberia to China.<More>

  • 50. ONGC Pitches Brazil Stake (March 20, 2006)
    In a first ever foray into Brazil, Oil & Natural Gas Corporation (ONGC) has pitched to acquire a 30% stake in the Campos Basin oilfield valued at USD 400 million.<More>

  • 51. Suzlon Buys Hansen for USD 656 for Wind Energy (March 18, 2006)
    Suzlon Energy Limited, makers of windmills, announced the acquisition of the second largest wind energy and industrial gear box maker, Belgium-based Hansen Transmissions International NV for USD 565 million.<More>

  • 52. Indo-Mauritius Hydrocarbon MoU (March 14, 2006)
    India and Mauritius signed a Memorandum of Understanding (MoU) to explore for hydrocarbons off Mauritius.<More>

  • 53. ONGC, Mittal Energy JV? (March 11, 2006)
    Indian oil major Oil and Natural Gas Corporation (ONGC) revealed plans to start a joint venture with steel baron Lakshmi Mittal to buy energy stakes around the work valued at USD 15 billion.<More>

  • 54. Kalam to Iron out Myanmar Gas Deal (March 09, 2006)
    President Abdul Kalam is traveling to Myanmar and would try to further the natural gas deal with that country now stalled because of unsure transport mechanism. <More>

  • 55. Large Gas Reserve Find (March 04, 2006)
    A consortium of Oil and Natural Gas Corporation (ONGC), Reliance Industries, and Great Eastern Energy Corporation discovered 6 trillion cubic feet of gas reserves below the coal seams. <More>

  • 56. New Petro & Gas Regulatory Authority (March 03, 2006)
    Petroleum Minister Murli Deora introduced a new Petroleum and Natural Gas Regulatory Board Bill in the Rajya Sabha (Upper House of the Parliament) to create a new regulator of downstream petroleum and natural gas investments.<More>

  • 57. 55 Oil Exploration Blocks Offered (February 24, 2006)
    In the largest ever effort to attract investments in oil and natural gas exploration, the Government is offering 55 oil exploration blocks and 10 coal bed methane blocks for bidding.<More>

  • 58. LIC to invest in power plants (February 09, 2006)
    India revealed that it’s five mega coal power plant plan will be financed by the Life Insurance Corporation through Special Purpose Vehicles created by the Power Finance Corporation.<More>

  • 59. Largest Oil Exploration Tranche (February 03, 2006)
    In the largest ever tranche, India will offer 55 oil blocks, mostly offshore, covering 300000 square kilometers for exploration.<More>

  • 60. US asks India Reconsider Syrian Investment (January 30, 2006)
    The United States submitted an aide mémoire seeking India to reconsider its decision to invest in a Syrian oilfield.<More>

  • 61. Iran Withdraws from LNG Deal (January 28, 2006)
    Iran’s National Iranian Gas Export Corporation (NIGEC) has said it will reserve the right to withdraw supply of 2.5 million tons of Liquefied Natural Gas (LNG) if the crude oil prices crosses USD $80 a barrel. <More>

  • 62. ONGC Invests 250 m in Sudan (January 25, 2006)
    ONGC Videsh Limited and Bharat Heavy Electricals Limited (BHEL) have teamed up to invest USD 350 million in a 500 megawatt (MW) project in Sudan.<More>

  • 63. Govt Plans More Power Plants (January 18, 2006)
    The Federal Power Ministry unveiled ambitious plans to create several ultra mega power plants that can generate 4000 mega watts (mw) at the cost of Rs.150 billion each.<More>

  • 64. China Make Kazakh Oil Bid (January 16, 2006)
    China's top offshore oil producer Cnooc is making a bid for obscure Canada based Nations Energy whose main asset is a 50000 barrels a day in Kazakhstan.<More>

  • 65. India, China Sign Oil and Gas Framework (January 14, 2006)
    Federal Petroleum Minister Mani Shankar Aiyar said that India and China signed a framework that would allow state-owned oil and gas companies can evolve and submit joint bids for acquisition of assets overseas.<More>

  • 66. Myanmar Pipeline Setback (January 12, 2006)
    In a major blow to Indian plans procure gas and transport them through trans-national pipelines, Myanmar has spurned an Indian offer in favor of China.<More>

  • 67. Govt Approves New Oil Project (January 10, 2006)
    The Government authorized the creation of a strategic oil reserve project under the control of the federal Oil Industry Development Board (OIDB).<More>

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