There seem to be some more delays in the pipeline for the decade-old Bathinda refinery project of Hindustan Petroleum Corporation in which Mittal Investments recently announced its decision to pick up 49 per cent stake.
The competition between the two main players vying to lay cross-country natural gas pipelines has undergone a volte-face.
Power Finance Corp official overseeing project eased out.
The big-ticket transnational gas pipelines that India was planning seem to be in trouble. Although the government maintains that the three pipelines
Hindustan Petroleum Corporation's upcoming Bathinda refinery in Punjab has forced Indian Oil Corporation to reconsider its plans to expand its refinery at Panipat to 21 mtpa.
The fate of the 4,000 Mw Sasan ultra mega power project seems uncertain with the entire bidding process being questioned.
The Ministry of Petroleum and Natural gas is likely to reimburse Oil and Natural Gas Corporation almost Rs 850 crore (Rs 8.5 billion) for the cost of exploration and development work in pre-NELP oil fields in the past.
More than one oil company bidding for same overseas assets.
Oil India, the government-owned upstream company, has lined up over $2 billion in the next five years to extend its oil and gas assets overseas
The archaic process of awarding coal blocks on a first-come-first-serve basis may soon be replaced by a more efficient and transparent competitive bidding process.
The threat of being priced out of the market by state-owned oil marketing companies has forced the private sector players to also opt for price cuts of auto fuels.
Reliance Industries, which has discovered gas reserves of nearly 14 trillion cubic feet in the Krishna-Godavari basin off the coast of Andhra Pradesh, is building a gas-receiving jetty in Kakinada.
Hindustan Petroleum Corporation, the state-owned company, could find itself becoming a major player in the oil and gas sector both within the country and overseas with huge capital being pumped in by the L N Mittal-promoted Mittal Investments.
The 4,000 MW Krishnapatnam ultra mega power project in Andhra Pradesh seems to be stuck, thanks to the state government's inability in resolving and expediting issues related to the project.
The govt is mulling the need to exercise its rights under the gas production-sharing contracts.
After awarding oil and gas blocks under NELP-VI, the government is now turning its focus to the seventh round of the New Exploration and Licensing Policy (NELP-VII).
Domestic oil companies have been invited by countries like Yemen, Nigeria and Saudi Arabia to pick up stake in existing refineries and also set up greenfield units.
Oil and Natural Gas Corporation, through its consortium partner in the Sakhalin-1 field in Russia Exxon Mobil, is in talks with Royal Dutch Shell for liquefying the gas from the fields before it is exported to China.
The government is mulling a policy for developing hydro-power capacity, under which projects, possibly of 2,000-3,000 Mw each, would be drawn up and offered to private and public sector developers.
Low-to-negative margins on sale of petroleum products have forced some companies to scrap their retail expansion plan, while others have chosen to go slow.
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