SPCPL inaugurates second FPSO ´Armada Sterling II´
Shapoorji Pallonji and Co. Pvt. Ltd (SPCPL), in partnership with international offshore oil and gas service provider Bumi Armada Berhad, through its entity SP Armada Oil Exploration Pvt. Ltd, announced the successful installation and commissioning of its second Floating Production, Storage and Offloading Vessel (FPSO) -- Armada Sterling II.
Indian PSUs to invest another $6 bn in Mozambique: Oil Min
$6 bn in Mozambique: Oil Min Government-owned oil exploration and marketing companies would invest another $6 billion (Rs 38,000 crore) in Mozambique, with the first shipment of liquefied natural gas (LNG) from Rovuma Area-1, located along the coasts of northern Mozambique and southern Tanzania, in the Indian Ocean, being targeted for 2018-2019, Minister of Petroleum and Natural Gas Dharmendra Pradhan said.
GAIL told to deposit RIL gas profit into govt kitty
The government has ordered state-run gas utility Gail to deposit the difference between old and new price of gas from Reliance Industries Ltd´s KG-D6 field into the exchequer every month with a view to recovering profit share the Centre claims is due from India´s largest private oil company.
TAPI: India asks Turkmenistan to ease rules
With the construction of the $10 billion TAPI pipeline stuck for want of a credible operator, India has pressed Turkmenistan to relax its domestic law to help get an international firm for building the project.