Saurabh Kumar

Articles By Saurabh Kumar

338 Articles

US’ Iran Sanctions: India OMCs, OVL’s Farzad-B to take hit

Earlier, the US had toughened its stance, saying it expected “zero” import of Iranian oil from all countries including China and India, the two biggest importers of oil from the Islamic country.

India News

Hydrocarbon E&P: Changes mulled in royalty, cess paid in pre-NELP era

The government is of the view that current PSCs are very rigid in terms of time lines and there are ambiguities in several provisions affecting hydrocarbon exploration and production activities.

Economy News

Bilaspur-Manali-Leh rail line to be highest in the world, overtaking China’s Qinghai-Tibet Railway

Surveys are underway for four lines that would cost a humongous Rs 2 trn, with the defence ministry footing the bill.

Infrastructure News

US Sanctions Loom: Iran oil – India to go back to payment in rupees

India imports around 10% of its crude oil requirement from Iran and the Islamic nation is the third-largest supplier to India.

Economy News

Supply constraints hit Indian railways’ induction of freight wagons

The Indian Railways (IR) is not getting as many freight wagons as required to replace its older stock and deploy new rakes owing to supply constraints.

Infrastructure News

Railways’ goods sheds may become privately-managed freight terminals

Goods sheds of Indian Railways (IR), many of which are in a dilapidated and abandoned condition, may soon become revenue churners for the transporter.

Infrastructure News

Discovered Small Field second round delayed by two months

Bidding for the discovered small fields will now start in September instead of July.

ongc, hydrocarbons News

PMT row: RIL, Shell, ONGC told to pay £723,962 in interim

While Shell India and Reliance Industries hold 30% each in the PMT joint venture, ONGC holds the remaining 40%.

Industry News

Cairn’s Barmer PSC: Govt to challenge Delhi High Court verdict

Cairn's Barmer block was among the 10 that were granted extension under a new policy last year.

Cairn's Barmer PSC, cairn, delhi hc, government, vedanta cairn News

ONGC told to prove 50 pct KG basin fields in deep water

The price ceiling for gas produced from difficult fields (also called high-pressure high-temperature fields) was revised upward by 7.6% from $6.30 per MMBTU to $6.78 per MMBTU.

ONGC, KG basin fields, deep water News

Indian Railways’ non-fare revenue initiatives have turned damp squib

During 2017-18, the NFR segment contributed around Rs 8,600 crore compared with the target of Rs 14,000 crore.

indian railways, non fare revenue initiative, RDN, OOH, NFR policy News

Petrol, diesel price: Oil marketing companies follow norms, but enjoy commercial freedom

OMCs haven’t been fully passing on the increase in landed costs to consumers

fuel prices, diesel price, Oil marketing companies, BPCL, HPCL, IOC News

Station redevelopment programme: Railways seeks Cabinet nod for revamped policy

After a lot of deliberations with the ministry of finance and Niti Aayog, the ministry of railways has finally sent a note to the Cabinet on the ambitious station redevelopment programme, revamping the process approved earlie

Railways, Station redevelopment programme, indian railways, Niti Aayog, IRSDC, EPC model, railway ministry News

Costlier crude: Burden may fall again on ONGC, OIL

The ONGC stock fell 4.5% on Thursday to close at Rs 167.65 on the BSE.

Industry News

From billing efficiency to increase in revenues; here’s how smart meters can benefit consumers and discoms

India is rapidly working towards realising its vision of affordable and accessible 24x7 power. Already the third-largest conventional energy producer, India is building the world’s largest solar plants to achieve 175 GW of

Industry News

Rising oil prices: States make a killing, Centre gains little in terms of excise revenue

Though taxes are around 100% of the ‘base price’ of petrol or half the retail price (the case of diesel is comparable) and both the Centre and state governments treat the two auto fuels as a milch cow, it is only the stat

petrol, diesel, oil prices, economy News

Eight states/UTs ‘kerosene-free’ fuel’s use on rapid decline

Four more states/union territories around the national capital region have become ‘kerosene-free’, in what showed the success of the government’s drive to minimise usage of this fuel.

kerosine, oil sector News

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