Ranchi, Jan. 15: The country is rapidly heading towards an oil crisis in the days to come and to help check the situation, oil companies of the state today joined hands to spread awareness about the need to conserve oil and gas among the masses.

TEAM TOI

Ahmedabad:Top companies pledged investments close to Rs 3,82,675 crore in 125 projects in power generation, renewable energy and petroleum sectors of Gujarat on the first day of Vibrant Gujarat Global Investors Summit (VGGIS) 2009 on Monday.

GSPC

The payoff in the Krishna-Godavari basin can change the country

GUJARAT State Petroleum Corporation has discovered another gas reserve in the hydrocarbon-rich Krishna Godavari (KG) basin, on the eastern coast. The company, however, is very tight lipped about the size of the discovery. The gas discovery was made in the new well of deepwater block of KG 22. The company recorded gas flow at the rate of 27.3 million cubic feet per day through a choke of 28/64 inches. GSPC managing director D J Pandian told ET, "We have again discovered gas. The flow rate is good. The size of the discovery could only be ascertained after the testing results.'

Visakhapatnam July 10: The state unit of CPI has decided to stage a month-long padayatra from Itchapuram in Srikakulam district to Nellore to protest against the proposed coastal corridor. The former MLA and state president of the AP Rythu Coolie Sangham, Mr K. Ramakrishna said in a meeting that the CPI would stall the project. The meeting on

Subhash Narayan NEW DELHI RELIANCE Power has zeroed in on Shanghai Electric, a $7-billion electrical and engineering equipment company of China, for sourcing primary equipment for Sasan ultra mega power project (UMPP). The Chinese major, which is planning to enter India in a big way, will supply boilers, turbines and generators (BTG) to the Madhya Pradesh-based UMPP. The supply contract is likely to be signed in the next few days.

Jeddah: Finance minister P Chidambaram on Sunday made a case for oil producing nations to step up output and regulate prices failing which developing nations stood to lose their hard-earned

Says Fuel Price Rise Unjustified, Wants PM To Resign Gauging that it could only add to the its ammunition against the government in a year leading up to the Lok Sabha polls, BJP on Wednesday reacted strongly to the government's decision to hike fuel prices, saying a "directionless' UPA has unleashed "economic terror' on the nation.

Govt Tries Balancing Act To Protect Consumers And Burdened Oil Companies Rajeev Jayaswal NEW DELHI THE government is working on a dual strategy of fuel price hikes coupled with duty cuts to shield consumers and cash-strapped oil companies.

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