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New oil contracts from Iran soon

October is expected to be a busy month in Iran as the country prepares to invite international oil companies to submit bids under the long-awaited new contract model for energy investors. As one of the…


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Is New Zealand’s oil exploration losing out?

The New Zealand Government is trying hard in its PR to defend its oil exploration programme to foreign operators. This exercise was necessitated after a US-based prospecting company ION Geophysical relinquished its oil surveying permits…



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Private firms keen to tap LPG market

Private oil companies like Essar Oil and Reliance Industries are vying for the LPG market in India as the dynamics are changing following the gradual phasing out of subsidized accounts. The government has already begun restricting liquefied petroleum…


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ONGC, RIL gas dispute report this month

Now that the Shah Committee examining the dispute over natural gas migrating from blocks of the Oil and Natural Gas Corp in KG basin to neighbouring fields of Reliance Industries Ltd (RIL) has submitted its…


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Solar power potential in Maharashtra

A recent CAG report suggests that among Indian states, Maharashtra has a great potential of 64,320MW of solar energy industry, given that it gets 250 to 300 days of ample sunshine. In the absence of…



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Reliance penalised for underproduction

The Centre has slapped a penalty of $380 million (around Rs 2,500 crore) on Reliance Industries and its partners for producing less than targeted natural gas from eastern offshore KG-D6 fields. The Production Sharing Contract…