New Bidding for Oil and Gas

30 May 2024 CW Team

The Indian government has launched a special bidding round offering two discovered oil and gas fields and one coal bed methane (CBM) block. This initiative is part of the Discovered Small Fields (DSF) Policy, aimed at enhancing domestic hydrocarbon production and reducing import dependence. The DSF Policy simplifies procedures and provides financial incentives to attract investment in smaller oil and gas reserves. The inclusion of a CBM block highlights the government's focus on diversifying energy sources and utilizing unconventional resources. This move is expected to attract national and international investors, promoting technological advancements and operational efficiency in the sector. The bidding round aligns with India's vision of becoming a self-reliant energy producer while addressing environmental concerns associated with traditional energy extraction methods. The new fields, located in strategically significant regions, offer promising opportunities for exploration and production, contributing to the country's energy security and economic growth.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..