Saurabh Kumar

Pain at the pump: Brace yourself for even costlier auto fuels

With oil turning costlier relentlessly — Brent crude went past $80 a barrel on Thursday, up 3.3% from a week ago and a three-and-half-year high, taking the cost of Indian basket to a prohibitive $76 a barrel — and the rup

fuel prices, fuel price hike, sanjiv singh, IOC, petrol hike, diesel hike News

No change of field, GEM Labs told; asked to apply afresh

Bengaluru-based GEM Laboratories has been told by the Directorate General of Hydrocarbons that its demand for allocation of a new hydrocarbon field, instead of Neduvasal in Tamil Nadu awarded under the first round of the Disc

GEM Laboratories, GEM, Bengaluru, bangalore, DSF policy News

Letting go: Shell India to exit PMT fields

With production from the offshore Panna-Mukta-Tapti (PMT) fields falling, operator Shell India has written to the Union government that it will not be seeking an extension of its production sharing contract (PSC) which is due

shell companies, Crackdown on shell companies, Narendra Modi, economy, money laundering News

New beginning: First ship for India’s strategic oil reserve to set sail today

India is set to receive its first ever crude oil consignment for storing in the newly built strategic oil reserve at Mangaluru as India’s petroleum minister Dharmendra Pradhan and Abu Dhabi National Oil Company’s (Adnoc)

crude oil, India, strategic oil reserve, first crude oil consignment News

Looming US sanctions: India may not cut oil imports from Iran

Tehran provides Indian importers a credit of 90 days compared with around 30 days by other suppliers. Iran is the third-largest supplier for the country after Iraq and Saudi Arabia.

US, donald trump, India, oil prices, Iran, oil import News

Window dressing: Pay in advance, Indian Railways tells bulk customers

NTPC, others oblige; move to help national transporter improve balance sheet.

railways, indian ralway, freight revenue News

Enhanced recovery: Oil companies to be offered sops

With a view to ramp up production from ageing hydrocarbon fields in the country, the ministry of petroleum and natural gas has drafted a Cabinet note for inter-ministerial consultation, outlining financial incentives and elig

oil, oil and gas, crude oil, oilcos, oil company, petroleum, loan waiver, oil cess News

We are targeting 40% freight traffic market share by 2022, says Mohammad Jamshed, member-traffic, Railway Board

The financial year 2017-18 was relatively better for the Indian Railways in terms of traffic and earnings compared with previous years. Some of the initiatives taken earlier last year have started to show results and are expe

In an interview with Saurabh Kumar, Mohammad Jamshed, member-traffic, Railway Board, talks about the road map for 2018-19 and beyond. News

Some relief: Move to cap oilcos’ cost recovery dropped

In what would give a modicum of relief to the high-tax-paying hydrocarbon exploration companies including Reliance Industries and Cairn, the government has withdrawn a decision to virtually deny these firms their contractual

The move was patently contrary to the terms of production-sharing contracts (PSC), which allow full cost recovery by the oil explorer-producers. News

Hydrocarbon sector: Import intensity on the rise despite PM’s roadmap for relief

In March 2015, speaking at the global hydrocarbon meet ‘Urja Sangam’ here, Prime Minister Narendra Modi delivered a passionate call for time-bound reduction in India’s onerous import dependence for oil and gas.

Import dependence for gas too has risen steadily (from 36.2% in FY15 to 45.4% in FY18), although its domestic production touched a five-year high in FY18. News

Behind schedule: Rethink on four planned dedicated freight corridors

Indian Railways is exploring options other than DFCs, like high-speed passenger corridors and capacity augmentation of existing lines, to tackle the most niggling issue of congestion on tracks, especially on the Golden Quadri

Indian Railways is exploring options other than DFCs, like high-speed passenger corridors and capacity augmentation of existing lines, to tackle the most niggling issue of congestion on tracks, especially on the Golden Quadrilateral. News

Success Story: Spurt in number of LPG applicants under Pradhan Mantri Ujjwala Yojana

The GSA is being observed across 17,000 villages over a period of 21 days starting April 14, 2018 and the Centre has assigned one director, deputy director or under-secretary-level officer to every village to co-ordinate the

LPG, LPG applicants, PMUY News

Welcome change or warning bells? Bus services overtake Shatabdi on busy, short routes

In comparison, the other two premium-category trains — Rajdhani and Duronto — have seen average occupancy of 83% and above during the period.

bus services, shatabdi, indian railways, shatabdi routes News

Now, Niti Aayog to screen all Government of India consultants

The move comes at a time when Niti Aayog itself is hiring external consultants to bring in talent to strengthen its workforce.

niti aayog, government of india, niti aayog screen consultants News

Essar Oil & Gas to spend $1 bn in Raniganj for shale gas

The company holds the largest CBM acreage in the country with five blocks having an estimated 10 trillion cubic feet (tcf) of CBM spread across 2,700 sq km across five states — Jharkhand, Chhattisgarh, Madhya Pradesh, West

Essar Oil & Gas to spend $1 bn in Raniganj for shale gas

Essar Oil UK looks to raise jet fuel output

The refinery is now capable of producing 145 KT of aviation fuel per month which was 120 KT before implementation of Tiger Cub. However, according to Thangapandian, the full payback period for Tiger Cub will be around 12-15 m

Essar, Essar Oil UK, jet fuel,  Essar Oil UK News

Oil and gas: Discovered small fields – New entrants likely to start production first

While six-seven hydrocarbon areas awarded under the discovered small fields (DSF) policy are expected to start production in 2019, the new entrants, rather than entrenched big players in the sector, are likely to lead the pac

Oil and gas, oil sector, oil industries News

KG-D6 Block: Reliance Industries to surrender two deep-sea finds

Reliance Industries (RIL) has been asked by the Directorate General of Hydrocarbons (DGH) to relinquish two deep-sea satellite gas discoveries—D6 and D19—in the KG-D6 block, off India’s east coast.

Reliance Industries, KG D6 Block, gas discovery, gas, oil field, deep sea  News

GAIL (India) to be split

Company to separate into pipeline, gas-marketing entities to protect customer interest.

gail, gail india, gail india, split. economy News

No initial impact of BS-VI compliance cost on diesel, petrol prices

Production cost of petrol has gone up by 24 paise per litre on an average and that for diesel has risen by 66 paise.

petrol price today, diesel price today, oil price, excise duty cut, petrol, diesel cheaper, brent oil price today, petrol price mumbai today, petrol price delhi today, diesel price mumbai today, diesel price chennai today News

Rail Wagons: Bulk consumers to get their own

Although an estimate of the potential investments by the consumer-industries is yet to be made, it could run into tens of thousands of crores.

rail wagons, railways, consumers to get wagon News

Some Shatabdi trains to see reduction in coaches

These trains with air-conditioned chair cars connect major Indian cities and complete a to-and-fro journey between two destinations the same day.

shatabdi trains, coach reduction, indian railways News

Eastern DFC’s 340-km section may be commissioned in December

A total of around 12,600 ha for the two DFCs has been acquired and compensation of Rs 15,884 crore has been paid. “Almost 100% of land acquisition is over and 98% have been handed over to contractors.

eastern DFC,  dedicated freight corridor, ateli, phulera News

PM Narendra Modi’s Ujjawala Yojana impact: LPG bottling plants are now utilising 120% of capacity

Bottling plants of oil marketing companies (OMCs) are utilising around 120% of their capacities with some even resorting to night shifts owing to the massive demand for liquefied petroleum gas (LPG) cylinders created by the g

LPG bottling plants, PMUY, LPG cylinders, Ministry of Petroleum and Natural Gas, LPG connections News

US LNG to miss March 28 arrival date

The first liquefied natural gas (LNG) ship from the US is expected to miss its scheduled date of 28 March, 2018 to reach Dabhol terminal of GAIL.

lng, india, us, gail News

Station development: Railways plans facelift at own cost

This comes even as its large-scale stations revamp plan, involving private parties, is yet to take shape.

railways, railway sector, railway industry, economy, railway facelift News

Higher loading plan by CIL to push railways’ freight volume

Going by the coal loading projections for Coal India (CIL) by the Ministry of Power, the Indian Railways is set to witness an incremental freight of 30-50 million tonne (MT) over the next three years on account of the fuel al

railways, railways freight, railways freight volume, indian railways, CIL, coal india, ministry of power, indian railways freight charges News
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