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Monday, May 02, 2016

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News - India

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Afghanistan Assures Full Protection to TAPI Gas Pipeline

Afghanistan has assured it will take all necessary measures to ensure safety of the TAPI gas pipeline.  The assurance was given by senior Afghan officials during a conference ‘The importance of TAPI gas pipeline’ held in Herat in Afghanistan on April 25, 2016. The conference was attended...

India's Essar Oil Plans to Double CBM Output

Essar Oil is looking to double coal bed methane (CBM) output in India to 1.8 million standard cubic metres per day (scmd) by end of current fiscal (Apr 1, 2016-Mar 31, 2017). The company wants to boost production to 2.5 million scmd during fiscal 2017-18. Essar plans to achieve this target by increasing...

Greka Drilling's 2015 Loss Widens

Asia focused unconventional oil and gas driller Greka Drilling reported annual revenue in 2015 at $29.9 million from $24.4 million a year ago. Loss before tax widened to $7.5m versus $5.3m in 2014 principally due to foreign exchange loss due to US dollar appreciation against RMB, the company said Thursday.

GAIL India Plans to Swap US LNG

GAIL India plans to swap some part of the LNG that it has contracted to import from the Sabine Pass Liquefaction with sellers close to US to save on shipping cost. It has invited an expression of interest (EOI) for qualifying as potential counterparty to participate in GAIL’s US LNG volume transportation...

Greater Caspian Weekly Overview (on NGE)