Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Representational image - Reuters
The Directorate General of Hydrocarbons (DGH) has given investment approvals worth nearly $4.8 billion (approximately ₹36,000 crore) during the last two weeks for upstream oil and gas activities in India.
Among the large investment proposals that have given approval are ‘work-plan budgets’ of projects in the Krishna-Godavari Basin, including projects of ONGC and Reliance Industries Ltd. Work-plan budgets of major investments in Rajasthan have also received approval. “Taking into account approvals for exploration activities too, investment approvals worth nearly $4.8 billion were given by the DGH in the last two weeks alone,” said a DGH official.
“In the last two weeks, more than 55 management committee meetings have been conducted online,” the official added.
Management committees oversee the petroleum operations and take decisions that dictate oil and gas production activities in India. “In fact, we have decided that all management committee meetings will be held online in the future, too. The system we have devised is much more convenient and there is a fixed time at which everyone needs to be present. This is the new protocol we have established, which will continue after the lockdown as well,” the official told BusinessLine.
There is also a DGH control room that operates round-the-clock, seven days a week. The control room coordinates with different levels of the government to ease movement restrictions for upstream projects during the lockdown, the official said.
On the fall in crude oil prices and the viability of domestic projects, the official said: “The prices may remain low in the short-term, but not in the long-term. This is actually a big opportunity for domestic players. These domestic projects have been visualised assuming that the price of crude oil will remain at around $40 a barrel. It is expected that crude will regain those levels once normalcy resumes.”
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
Will a stock continue its current trend or will it reverse? We tell you how you can read chart patterns to ...
₹1483 • HDFC Bank S1S2R1R2COMMENT 1465145015001510 Fresh short positions can be initiated with stop-loss at ...
Bucking the overall market trend, the stock of Capri Global Capital Limited (CGCL) gained on Monday and ...
Most AMCs have been sending out cryptic e-mails. We tell you how to read between the lines
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
Writer Narendra’s latest book, rich with vignettes from Bastar and his native village in Uttar Pradesh, ...
On the eve of his 86th birthday, a peek into an interview-based book that reveals the actor’s many moods, ...
Forget the tuna. The island nation will keep you full and happy with coconut, koftas and jasmine
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor