Home / Knowledge / News / Textiles / Mr. Dinsha Patel highlights important features of NELP-VII
Mr. Dinsha Patel highlights important features of NELP-VII
30
Jan '08
After successful Road Show at London on 24.01.2008 as part of Government of India's promotional campaign to show case NELP-VII exploration blocks, another Road Show abroad was held late yesterday at Houston(U.S.).

Under the seventh round of the New Exploration Licensing Policy (NELP-VII) 57 blocks include 19 in deepwater, 9 in shallow water and 29 in onland.

After the inaugural road show held at Mumbai on 8th January, 2008, the Houston road-show is the second one to be held abroad for NELP-VII.

As many as 66 companies comprising 32 E&P, 18 service providers, 6 investment companies/bankers and 10 others participated in the Houston Road Show.

A high level delegation led by Mr. Dinsha Patel, Minister of State for Petroleum & Natural Gas, which also included Mr. M.S. Srinivasan, Secretary, Ministry of Petroleum & Natural Gas, Mr, V.K. Sibal, Director General, Directorate General of Hydrocarbons and Mr. Anil K. Jain, Joint Secretary, Ministry of Petroleum & Natural Gas, is currently in Houston to promote NELP-VII to prospective E&P companies and investors.

Mr. Patel highlighted important features of the NELP-VII. Shri Dinsha Patel emphasised the highly attractive opportunities being offered under NELP-VII impressed upon companies to participate in the bidding process to enter into a long term beneficial relationship by becoming part of India's growing and vibrant Petroleum Sector.

He mentioned that the promotional road shows for NELP-VII will also be held at Calgary, Singapore, Perth and Dubai. He invited US firms to make up for the lost opportunities in previous rounds by participating in the current offer.

He pointed out that India is 5th largest consumer of energy in the world after China, Russia and Japan. Shri Patel elaborated various steps underway to bridge the gap between demand and supply of oil and gas like accelerating E&P efforts in Indian basins as well as acquiring oil assets abroad and harnessing alternative sources of energy like coal bed methane, gas hydrates, coal liquefaction, ethanol, bio-diesel, etc.

Referring to excellent business relationship between India and America, Shri Patel informed that the trade between the two countries is valued at about US$ 31 billion which is about 10% of India's total trade.

Some of the major stakeholders in India's upstream petroleum sector namely BG Group, Oil & Natural Gas Corporation Limited, cairn Energy and Reliance Industries Limited also made presentations during the NELP-VII roadshow about their experiences, and the plans and vision their companies had regarding India's petroleum sector, especially the upstream sector.


Must ReadView All

Israeli minister announces tax cuts on consumer goods

Apparel/Garments | On 14th Dec 2017

Israeli minister announces tax cuts on consumer goods

The Israeli Government will slash taxes by $227 million, finance...

Courtesy: Kelvin Techstyles

Apparel/Garments | On 14th Dec 2017

Kelvin Techstyles fuses style and function in city apparel

Fusing style and function in outdoor clothing, Roseville,...

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search