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NEWS MANTRA UPDATES

Newsmantra — Wed, 03 Jan 2024 04:00:24 +0000

January 03 -2024

1 .CHENNAI . PM laid the foundation stone of Important Petroleum and Natural Gas projects worth Rs 9000 cr.

2 . NEW DELHI . Oil and gas sector contributes Rs 3.4 trillion to govt kitty. Financial Express

3 . NEW DELHI . The IOC, HPCL and GAIL natural gas pipeline and petroleum Pipeline (VDPL) were inaugurated.

4 . NEW DELHI. REC signs MoU with RVNL for financing infrastructure projects worth ₹35,000 crores..

5 . NEW DELHI. Air India plans to offer flight, cab & hotel bookings via a revamped website. Financial Express

6 . NEW DELHI. NLC India Odisha power plant project finds BHEL as only bidder after L&T backs out. Money Control

7 . NEW DELHI. Female government servants and pensioners can now grant pension rights to children over spouse. New Indian Express

8 . MUMBAI. TCS accused of stopping pay of 900 employees, ‘forced transfers’ of 2000 workers: Hindustan Times

9 . NEW DELHI . Union Minister Mahendra Nath Pandey inaugurates the newly constructed BHEL Sadan.

10 . NEW DELHI. SAIL enters a deal with Chennai-based Ram Charan for managing emissions. Business Standard

11 . NEVELLY.. NLCIL inaugurates the first Ideation Mela “MY IDEA” to improve the company’s efficiency through Innovations

12 . MUMBAI. Hyderabad’s Rajiv Gandhi International Airport and Bengaluru’s Kempegowda International Airport have snagged the second and third spots among the world’s top ten global airports regarding operational performance and punctuality. Financial Express

13 . NEW DELHI . PM Modi Inaugurates Rs 1112 Cr New Terminal Building at Trichy Airport.

14 . HYDERABAD. Singareni Collieries CMD transferred, N Balram gets an additional charge. ET

15. NEW DELHI . NTPC appoints 27 Executive Directors at various functional locations.

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ONGC ties up with ExxonMobil for deepwater exploration

Newsmantra — Thu, 18 Aug 2022 08:01:56 +0000

A Heads of Agreement (HoA) has been signed by State-run ONGC with global petroleum giant ExxonMobil for deepwater exploration in the east and west coasts of India. A statement from ONGC said that the collaboration areas focus on the Krishna Godavari and Cauvery Basins in the eastern offshore and the Kutch-Mumbai region in the western offshore.

There has been a scientific exchange of exploration data in the last few years, which has led to this partnership. Collaboration between ONGC and ExxonMobil will be a strategic fit where ONGC’s knowledge and past experience in these areas will be coupled with ExxonMobil’s global insights,” it said.

The secretary for the ministry of petroleum and natural gas, Pankaj Jain said that such partnerships between will bring tangible benefits in the entire energy value chain and open new vistas to exploration and production paradigm. “This collaboration will boost our confidence in going further ahead in deepwater exploration in the east coast of India where the potential is quite significant,” Jain said.

Rajesh Kumar Srivastava, Director (Exploration) at ONGC said, “With this strategic collaboration to pursue exploration, I look forward to long lasting partnership.”

Through the discovery route, ONGC hopes to move to development wherein the inherent strength of ExxonMobil would be beneficial for efficient fast-track monetization, he added.

ExxonMobil India’s CEO & Lead Country Manager Monte K Dobson said: “It’s an exciting opportunity to collaborate with ONGC. Great things happen when the right people collaborate.”

He added that 25% of the ExxonMobil brain power is currently engaged in evaluating Indian deepwater. “ExxonMobil is geared up to take this collaboration to the next level,” he said.

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CCI approves acquisition of Adani Gas Limited

Newsmantra — Fri, 29 Nov 2019 10:32:02 +0000

The Competition Commission of India (CCI) approves the acquisition of 37.40% of the paid up share capital and joint control of Adani Gas Limited (“AGL”) by Total Holdings SAS, under Section 31(1) of the Competition Act, 2002 (“Act”)

Total Holdings, a 100% subsidiary of Total S.A. (Total), is the ultimate parent company of the Total group entities worldwide. Total, together with its subsidiaries, is an international integrated energy producer.

Total Group is engaged in oil and gas industry, including upstream operations in hydrocarbon exploration, development and production, and downstream operations in refining, petrochemicals, specialty chemicals, trading and shipping of crude oil and petroleum products and marketing.

In India, through its subsidiaries, joint ventures and minority interests, Total Group exports natural gas at wholesale level to Indian coasts where the respective customers purchase and import its natural gas into India.

AGL is engaged in the wholesale supply of natural gas and downstream (retail) supply of natural gas through city gas distribution (CGD) networks to industrial, commercial, domestic and automotive customers in India (including supplies to oil marketing companies).

The CCI approved the proposed combination under Section 31(1) of the Act.

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