All non-oil based alternatives are either finite or very expensive or not reliable. GEO-THERMAL is something an energy source that has revolutionizing potential, drilling into the ground and tapping into the heat can become unlimited and clean source available 27x7. Drilling technology is quite good these days, pumping water through one hole and using the exiting hot water through the other can generate electricity. India needs to put all IITs and other research intuitions on priority.
There was a time when rediff had all brilliant columnists. Ashwin Mahesh, Ramanand Sengupta, Saisuresh Sivaswamy, Arvind Lavakare, Admiral Nadkarni, Ambrish Diwanji, Vrsha Bhosale, G Parthasarthy, the never-say-die Bidwai, etc. I wonder where most of them have disappeared now?
India May Get $6B Investment from Latest Oil Licensing Round by K. Dinkar Dow Jones Newswires Thursday, February 08, 2007
NEW DELHI Feb.8, 2007 (Dow Jones Newswires) Petroleum exploration companies are likely to invest around $6 billion over the next few years into exploring for oil and natural gas in India following the award of 52 blocks under the latest licensing round.
A bulk of this investment is likely to come from the country's state-run energy companies, who cornered a large chunk of the 52 blocks that were awarded Thursday.
"Our conservative estimate is there would be investment totaling $6 billion in the blocks awarded of which $2 billion would be in first phase of exploration 2007-12," Petroleum and Natural Gas Secretary M.S.Srinivasan said Thursday after the federal cabinet approved awarding the blocks. "Government went by bid evaluation criteria and their was equal opportunity and level playing field for all bidders," he said.
India got 165 bids for 52 of the 55 blocks it had put on offer. Oil and Natural Gas Corp. (500312.BY) or ONGC, which emerged victorious won five blocks on its own and 19 others as a leader of various consortiums with local and foreign players.
Most of the blocks ONGC won on its own are onshore.
Reliance Industries Ltd. (500325.BY) won rights to explore seven more blocks, all in the deepwater, on its own.
Australia's Santos Ltd. (STO.AU) won rights for two blocks, both deepwater, off India's eastern coast.
Among the other foreign companies which won partial rights include Cairn Energy (CLN.LN), Ukraine's Naftogaz, Geoglobal Resources (GGR), BG Exploration and Production India, the local unit of BG Group Plc.
The government hopes to sign production sharing contracts with the winners by the first week of March, said Srinivasan.
The government also plans to announce the seventh round of bidding for oil and gas exploration blocks in April.
The new round is also aimed at boosting stagnant oil and natural gas output.
India imports three quarters of its crude oil requirements and 40% of its demand for gas is unmet.
Copyright (c) 2007 Dow Jones & Company, Inc.
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Reliance to Raise $2B for D-6 Development Asia Pulse Pte Ltd Friday, February 16, 2007
Reliance Industries (BSE:500325), India's largest private firm, says it is planning to raise US$2 billion to fund part of the development of its giant D-6 gas field in the Krishna-Godavari basin off the Andhra coast.
In a regulatory filing to the Bombay Stock Exchange, the company said it will use a board meeting on February 24 to review its decision to raise the said amount to fund a capex Related Products
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planned in the oil and gas exploration and production business, a company regulatory filing said to the Bombay Stock Exchange.
"Raising of further resources to finance the ongoing capital expenditure across several new projects through syndicate loans, non-convertible debentures, convertible debentures, ECBs, FCCBs, preference shares, warrants etc will be considered in the meeting," the company said.
Reliance plans to begin gas production from the D-6 field by June/July 2008 and will infuse US$5.2 billion to drill wells and set up facilities for the same purpose.
The company will begin oil production from the field in the first quarter of 2008 through a separate set of five wells, investment for which is yet to be decided.
India is begging for the energy everywhere Seems like we alone cannot produce it .. Don't know the technical details but we should be more proud if we do it ouselves ..Like chinese... Indian Scieentist have came of theory of buying the everything from outside ...Which is why Trishul got failed ...They know they have alternative
RE:India Begging
by hello on Feb 18, 2007 03:02 AM Permalink
You told Trishul got failed for India!!! What happend to the other country, nothing got failed?
RE:India Begging
by hello on Feb 18, 2007 04:30 AM Permalink
Also, Do you know any resources? I want to produce a petrol in India, which runs different than the petrol we bought from outside.
it is thoughtless to call it bull shit. We are wtnessing emergence of a new world order that is dificult for most to see. But it will happen in as close as our or our childrens lifetime Thanks Sumt
building relations is always good..keep doing it...but in mean time discover and develope our own gas and oil fields..rest whole world is investing in reseach of new form enery ...so best for india in long run is to invest heavily on reseach on new enegy methods,rest india should also invest in some unconventional energy forms like wind energy,solar energy,hydro...which can alteast cover domestic need and save the rest of the forms for industrial and other heavy consumers. Thar desert give a large area for solar cell instaltion and costal lines and mountains gives good position for wind mills...
RE:Research on alternate enery...
by Rock Water on Feb 16, 2007 05:59 PM Permalink
manish but dont you think that the reserves india has got hidden is a national treasure if we dont tap that then dont you think we are losing out on our own treasure, yes solar is a good idea but do you think it will be sufficient to provide energy for 1.2billion people and would you like to see a wind mill just in every nook and corner wouldnt that be a bit disturbing for the eyes we already lack good infrastructure in our main cities and an addition of this wouldnt that be a bit too much, I dont see renewables delivering the quantum of energy for our needs but a percentage which will reduce a little bit of pressure on oil imports dont get me wrong i am against renewables but i dont see it as a real solution thats all
RE:we tired to read these bullshittt
by Dileep on Feb 25, 2007 08:20 PM Permalink
Who is putting a gun to your head asking you to read this? Find your stuff elsewhere.
