Rosneft signs pact with Indian companies to sell stake in fields
Russia’s Rosneft OJSC signed agreements with Indian state-run energy companies to sell stakes in its oil assets in Siberia, as the two countries seek to deepen energy cooperation.
India
Nuclear reactor in India’s Gujarat state shut after coolant leak
A nuclear reactor in India was shut down after a fault in a coolant system but there are no reports of radioactive leaks, the country’s atomic regulator said.
SkyPower signs power agreements in India
Renewable energy provider SkyPower has signed four power purchase agreements with the Indian state of Telangana to build and operate a total of 200MW of solar energy projects.
Renew News: India’s demand for renewables to surge
India will see a huge demand for renewable energy that far outweighs even its current output, according the chief executive of one of the country’s leading businesses.
Greka Drilling wins new West Bengal contract
Greka Drilling has won a new contract to provide drilling services to Essar Oil on the Raniganj East Block in West Bengal.
Wood Group signs collaborative deal with Magma Products
Wood Group (WG) has struck a collaborative agreement with Magma products to extend its existing commissioning service.
India predicts first shale gas imports by 2017
India is said to be expecting its first imports of US shale gas by 2017.
India on track to seal deal for nuclear reactors
India said it was on track to seal a deal next year with Westinghouse Electric Co LLC to build six nuclear reactors. The move is seen as a sign the country’s $150billion nuclear power programme is getting off the ground.
Essar Oil finishes delisting from Indian stock exchange
Essar Oil has finished delisting its shares from the Indian stock exchange for $564million.
Rosneft signs MOU with Oil India and Indian Oil Corp
Rosneft has signed an MOU (Memorandum of Understanding) with Oil India and Indian Oil Corp.
Modi seeks to curb gas subsidies to contain India budget gap
India will offer cooking gas subsidies only to citizens with taxable incomes of less than 1 million rupees ($15,000) a year, part of Prime Minister Narendra Modi’s plan to sustainably curb Asia’s widest budget deficit. The more than 163 million consumers can voluntarily declare their eligibility starting Jan. 1, the Oil Ministry said in a statement on Monday. It didn’t announce steps to enforce the decision.
Oilex boosts production from Cambay field
Oilex said production from its Cambay-77H well in India has been boosted by an additional 51 barrels since start-up 10 days ago. The company said the most recent estimate shows initial production has now reached 715 barrels of oil equivalent. Earlier this month Oilex said it would continue its workover of its Cambay field in India.
India’s top court issues truck restrictions to tackle New Delhi pollution
India’s leading court has ordered a temporary ban on the sale of large diesel vehicles in and around New Delhi and slapped a stiff levy on trucks entering the capital as it struggles with record pollution. The Supreme Court also banned the entry into New Delhi of trucks over 10 years old and trucks travelling through the city.
Oilex continues with workover at Cambay field
Oilex is continuing its workover of its Cambay field in India.
Oilex completes latest Cambay workover
Australian explorer Oilex has completed its latest workover of the Cambay-20 well in India according to plan.
India looks to finalise new policy for oil and gas auction
The Indian Government plans to finalise new policy for the auction of oil and gas blocks. The country’s Oil Minister Dharmendra Pradhan said suggestions for the new fiscal and contractual agreements will be prepared for the financial year ahead.
Mytrah adds to wind turbine portfolio
Mytrah Energy has commissioned an extra nine turbines at its Bhesada project in India, bringing the total additional capacity added in 2015 to 50.2 MW and taking its operating wind portfolio to 578 MW.
Oilex completes first Cambay well workover
Australian explorer Oilex has completed the first well in its workover programme at the Cambay field in India and has begun work on the second well in the programme.
Search continues for pilots after helicopter crashes offshore India
A helicopter has crashed into the Arabian Sea shortly after take-off from an offshore installation owned by ONGC (Oil & Natural Gas Corporation). Two pilots are said to be missing after the helicopter,owned by India’s Pawan Hans,crashed. An Indian defence spokesman said debris has now been recovered including what appears to be the aircraft's door and some other debris.
Oilex begins work-over campaign in India
Australian independent Oilex has commenced a work-over campaign at its Cambay project in India.
Saudi Aramco foils attempted fraud
Oil giant Saudi Aramco said an attempted fraud which allegedly targeted its trading unit as well has India's Oil and Natural Gas Corp (ONGC) has been foiled.
Dolphin Geophysical shortlisted for India project
Dolphin Geophysical has been selected as the first shortlisted contractor for a major project offshore India. The company said it plans to accept contract proposal according to submitted bids.
Merkel pledges 1billion Euros to fund Indian solar projects
Germany pledged an investment of over 1billion euros ($1.1billion) in Indian solar power projects as Asia’s third-largest economy looks to reduce its dependence on fossil fuels.
EMGS wins India seismic work
Electromagnetic Geoservices (EMGS) has signed a multi-client acquisition agreement with the Directorate General of Hydrocarbons (DGH) in India. The agreement grants EMGS a two year permit to acquire 3D EM data within a 325,000 square km area off the west coast of India. It will cross eight different tectonic provinces from Kutch-Saurashtra in the North to Ratnagiri in the South.
Greka Drilling records first half loss but says activity is picking up
Shale gas focused Greka Drilling has reported a pretax loss in the first half of 2015, but said its key markets in China and India were planning new drilling campaigns in the near future.