Reliance Industries Ltd (RIL) today reported nearly 15.8% rise in net profit at Rs 5,703 crore during July-September. This is RIL’s highest quarterly profit since 2007 and it is attributed to higher earnings from oil refining and petrochemicals business. RIL said its showpiece Krishna Godavari basin D6 gas fields output dropped 20% to 147.2...
American chemicals major Huntsman Corporation today said it had taken over Gujarat-based chemicals producer Laffans Petrochemicals, and had also taken the ownership of the company’s 60-kilo tonne ethylene oxide derivatives facility at Ankleshwar. The $9-billion Woodlands, Texas-based Huntsman is a global manufacturer and marketer of differentiated chemicals to industries such as chemicals, plastics, automotive,...
Aiming at providing human resource in the area of Petro chemicals and power, Gandhinagar based Pandit Deendayal Petrolium University will establish India’s first Education research center in Dahej SEZ. This center will provide practical experience to the students along with their regular study. Dahej SEZ has chemicals and peto chemicals unit including a unit...
Gujarat’s state-run oil and gas explorer Gujarat State Petroleum Corporation (GSPC) has discovered “huge reservoirs” of gas at one of its 41-S well, the shale gas zone in Ankleshwar according to PTI report. The report says that several million cubic feet per day (MCF) of gas, along with some oil during clean up, was...
Memorandum of Understanding (MOU) on Shale Gas Resources between India and USA was signed recently during the visit of President of America, Mr. Barack Obama in New Delhi. As per the MOU, the Nodal GOI Department/Ministry for implementation of MOU is Ministry of Petroleum and Natural Gas through Directorate General of Hydrocarbons (DGH) and...
Gujarat’s petrochemical industry is seen making smart growth as the Western State of India holds lion’s share in the total production of the country’s petroleum production. A recent report by the industry body, Association of Chambers of Commerce and Industry of India (ASSOCHAM) & PricewaterhouseCoopers (PwC) noted that the State will witness a robust...
Australia’s Oilex Ltd has claimed to have made a huge natural gas discovery in the onshore Cambay basin near Khambat town in Gujarat 160-km south of Ahmedabad that could possibly hold 1.5 trillion cubic feet (tcf) of reserves. Industry sources put the total in-place reserves in the new discovery, at 20-30 tcf which is...
Reliance Industries Limited Chairman Mukesh Ambani in his 36th AGM meeting held at Mumbai on 18 June, 2010, announced several new plans for RIL’s projects located in Gujarat. Following are excerpts of Ambani’s speech where something related to Gujarat is mentioned. Vadodara(Baroda) psych:9 full video download “Reliance is the largest player in the synthetic...
Reliance Industries announced its sixth oil discovery in exploratory block CB-ONN-2003/1 (CB 10 A&B), awarded under the NELP-V round of exploration bidding. The well CB10A-T1 flowed at a rate of 425 barrels of oil per day through a 6-mm bean with a flowing tubing head pressure of 290 psi. The discovery is significant as...
Reliance Industries today said it has made a fifth oil discovery in a block in Gujarat, but did not give reserve estimates. The discovery was made in exploration block CB-ONN-2003/1, which is located in the Cambay Basin at a distance of about 130 km from Ahmedabad, the company said in a statement here. Reliance...
download the whole movie of tomorrow, when the war began bones movie soundtrack The mega public issue of Gujarat State Petroleum Corporation(GSPC) will possibly hit the market in middle of June. The company is likely to raise about Rs 4,000 crore from the issue. GSPC will utilize Rs 1,280 crore from the issue to...
State-owned Gujarat State Petroleum Corporation (GSPC) will be coming out with its initial public offer (IPO) very soon, Minister of state for Energy Saurabh Patel said in the state Assembly on Thursday. Patel made the announcement while talking about the budgetary demand of the Energy department. The Minister said that process regarding the IPO...