NTPC to provide O & M services for Siddhirganj Power Plant in Bangladesh

Essar Energy Plc and Cairn India are fastest growing energy companies
Essar Energy Plc is ranked amongst 50 fastest growing companies where Cairn India is the fourth fastest growing company. Half of the top 10 spots in the 2011 Platts Top 250 Global Energy Company Rankings went to major oil and gas companies based in Europe, the Middle East and Africa (EMEA). The roster, now in its 10th year and announced Wednesday night at an awards dinner in Singapore, includes 79 EMEA companies, a 25% increase over the past decade.

“The composition of companies on the Platts Top 250 roster has shifted considerably in the last 10 years, but the EMEA’s consistent strong stan

OPEC forecast reduced demand of oil due to weak demand from India and China and uncertain global conditions
The Organisation of Petroleum Exporting Countries (OPEC) has reduced its 2011 world demand estimate to 87.81 million barrels per day (bpd), although it remains 0.88 million bpd up from last year.In September, the cartel had set world oil demand for this year at 87.99 million bpd. "Chinese oil demand is will come down because of new government policies aimed at reducing transport fuel use. India has increased retail prices that will dampen oil consumption in the coming year," OPEC said.

Lower US demand, on the back of a weak economy and high unemployment, along with the eurozone debt crisis

Chinese oil major Sinopec acquires Canadian company Daylight Energy
Daylight Energy of Canada has announced that it has entered into an agreement with China baaed Sinopec International Petroleum Exploration and Production Corporation for the purchase its stakes at a cash price of C$10.08 per Common Share, for total cash consideration of approximately C$2.2 billion.

Sinoapec is a wholly owned subsidiary of China Petrochemical Corporation ("Sinopec Group") and undertakes overseas investments and operations in the upstream oil and gas sector. Sinopec Group is China's largest producer and supplier of oil products and major petrochemical products.

Dow Chemical and Saudi Aramco to build $ 20 billion integrated facility in the Kingdom
Dow Chemical Co and Saudi Aramco have signed an agreement for building a on of the largest integrated chemical facility in the world. The US$20 billion complex is expected to begin production in 2015. The facility is expected to deliver annual revenues of approximately $10 billion within a few years of operation. The manufacturing units will produce a wide range of performance products such as Polyurethanes (isocyanates, polyether polyols), Propylene Oxide, Propylene Glycol, Elastomers, Linear Low Density Polyethylene, Low Density Polyethylene, Glycol Ethers and Amines. Sadara will market prod

Oil companies raise jet fuel prices by 1.5 percent
The jet fuel prices have been hiked for the second time this month. The aviation turbine fuel (ATF) price at Delhi's T3 airport was hiked by Rs 899 per kilolitre (kl), or 1.5 per cent, to Rs 58,578 per kl.

The companies have said that the price increase is result of falling rupee making oil imports costlier.

ATF in Mumbai will cost Rs 907 per kl more at Rs 59,359 per kl from tomorrow as against the old price of Rs 58,452.31 per kl.

Jet fuel makes up for 40 per cent of an airlines' operating cost and no immediate comments were available from airlines on the impact of the price hike on

Indian CNG prices revised upwards by Rs. 2 per Kg
Indraprastha Gas Ltd (IGL) has announced hike in compressed natural gas (CNG) rates by Rs 2 per kg on Friday, due to fall in the rupee value against the US dollar, pushing up the cost of inputs. CNG will cost Rs 32 per kg in Delhi from Friday midnight, as against Rs 30/kg at present.

The company said in a press statement that in neighbouring Noida, Greater Noida and Ghaziabad, CNG will cost Rs 2.30 per kg more at Rs 35.90/kg. The statement said, the hike was necessitated because IGL is being forced to buy expensive imported LNG due to a drop in