National
Essar to submit shale gas exploration proposal to steering committee
Kolkata, March 5 (IANS) Essar Oil and Gas Exploration and Production Limited is planning to submit an exploration proposal for shale gas from the Raniganj East block in West Bengal to the steering committee of the block by the end of March, an official said in Kolkata on Monday.
With the completion of price discovery process for the coal-bed methane (CBM) gas produced from the Raniganj East block, the exploration company is also expecting to touch the revenue of Rs 600 crore in 2018-19, and also to double that in the next 2-3 years, the company official said.
“The block has shale gas potential of 7.7 tcf (trillion cubic feet), out of which recoverable is 1.5 tcf. The Simultaneous Exploitation Policy, where licensees for any hydrocarbons can exploit any hydrocarbon resources, is expected soon,” CEO Vilas Tawde told reporters here.
“We are submitting the exploration proposal for shale gas to the steering committee of the (Raniganj East) block by end of March. The steering committee has representatives from the Petroleum Ministry, Directorate of Hydrocarbons, and also from operators,” added Tawde.
The company is currently producing over one million cubic meters of gas per day and has so far invested Rs 4,000 crore in its Raniganj project for the production of CBM.
It has so far drilled 350 wells for producing CBM and is expecting to drill another 150 wells in the next few years with an investment of Rs 900 crore to ramp up and balance its CBM production, he said.
In February, the company completed a price discovery process, as a part of early monetisation policy of CBM operators. The gas will be supplied to state-run GAIL (India) based on the three-month daily average price of Brent crude oil. As of now, the price is $8.08 million British thermal unit (mBtU), Tawde said.
“With the successful process of price discovery, we are expecting to touch revenue of Rs 600 crore in the 2018-19 by selling around one 1 mmscmd (million metric standard cubic meter per day). Probably, with the increased production, we are expecting to double the saleable production of around two mmscmd in the next 2-3 years which will help us to increase our revenue to Rs 1,200 crore,” he said.
–IANS
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National
Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok
Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.