India Launches Oil & Gas Auction

Tuesday, March 28, 2006
Launching a major global initiative for attracting foreign investment in the hydrocarbon sector, India auctioned 55 oil and gas exploration blocks. India offered for sale the onshore and offshore blocks to potential investors, including Brazil's Petrobras, BP (British Petroleum) and Malaysia's Petronas. Of the 55 blocks available for bidding in the new exploration licensing policy - the sixth round (NELP VI), and the coal bed methane - third round (CBM III) of bidding in India, 24 are in deepwater, 6 in shallow water and 25 onshore. Ten onshore blocks are available under the CBM III round of bidding. The new law passed by parliament recently sets up a gas regulatory structure, the absence of which had deterred foreign investors previously. India imports about 72 percent of its energy requirements and, in an economy growing at 8 percent, the country is under increasing pressure to boost energy security. (Source: Zee News)
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Panama Flag Approval for Seagull

Seagull Maritime has become the first overseas company to secure training centre approval from the Panama Maritime Authority following the PMA’s 2014 change of leadership.

New Chemical Handling Service from Ferguson Group

Tank, Fluid Solutions and Bunded Storage for Dangerous Goods and Chemicals Introduced at Gap Ridge, Karratha.    Ferguson Group Australia, global specialist in offshore DNV 2.

InterMoor Completes Juniper Mooring Installation Contract

InterMoor has completed a mooring and foundation installation campaign for bpTT’s Juniper gas project offshore Trinidad and Tobago, reportedly the largest foundation

Coast Guard

Baby Medevaced from Cruiseship in Gulf of Mexico

A Coast Guard helicopter crew medevaced an 8-month-old baby girl from the cruise ship Carnival Triumph early Monday morning, 140 miles southeast of Galveston.

Training Coastguards is Key to Tackling Piracy

Training and mentoring of coastguards in Africa, Middle East and South East Asia is essential if coastal nations are to have effective control over their Territorial Waters and Economic Zones,

26-year Jail Term Sought for Concordia Master

An Italian prosecutor asked a court on Monday to sentence the captain of the Costa Concordia cruise liner to more than 26 years in jail for his role in the 2012 disaster that killed 32 people.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1240 sec (8 req/sec)