Monthly Archives: April 2012

Cairn India’s second oil discovery in a Krishna Godavari basin block

Business & Economy, Science & Technology

New Delhi:

Cairn India today said it has made an oil discovery in a Krishna Godavari basin block, the second find in the onland block.

“Cairn Energy India Pty Ltd, wholly-owned subsidiary of  Cairn-India Ltd has notified the Management Committee of an oil discovery in the Nagayalanka-SE-1 well, in the onshore block KG-ONN-2003/1, in the Krishna-Godavari Basin on the east coast of India,” the company said in a statement issued here.

CEIL is the operator of the block with 24 per cent stake while Cairn India holds 25 per cent. The remaining 51 per cent is with state-owned Oil and Natural Gas Corp (ONGC).

Management Committee is an oversight committee comprising representatives of upstream regulator Directorate General of Hydrocarbons and the Petroleum Ministry besides the three partners.

Without giving reserves the discovery may hold, Cairn said a gross 57-meter hydrocarbon column was tested as oil bearing. It flowed 70 barrels per day of oil and 0.6 million standard cubic feet per day of gas during testing.

“Further appraisal will be required to establish the commerciality of the Nagayalanka-SE discovery,” the statement said.

Nagayalanka-SE is the second find in the KG-ONN-2003/1 Block. The Nagayalanka SE-1 well was spud on November 25, 2011 as an exploration well, to test the hydrocarbon potential of Cretaceous Golapalli sands.

The extended second phase of exploration for the block ends on August 7 this year, it said adding the minimum work committed for the second phase has already been completed.

source: http://www.Economictimes.Indiatimes.com / ET Home> News> News by Industry> Energy / April 03rd, 2012

Saudi youth vie for change, see face of India they didnt know

Business & Economy

New Delhi :

The only India that 22-year-old Saudi student Kholoud Bakr had seen was in Bollywood movies laced with song and dance. But after a 10-day stay in the country, Kholoud feels she has seen the “technological face of India” she had never imagined about.

One of the 40 members of a youth delegation from Saudi Arabia on a visit to India, Bakr is amazed to see the use of information technology (IT) at the country’s technology hubs.

“All that I knew about India was what I had seen in Bollywood movies. But after coming here and visiting the universities and IT centres, I am amazed at the will power and level of technology that has penetrated into Indian society,” Bakr, a management student, told IANS.

“We might have come from a different cultural background and society, but the determination among the younger generation to bring in change connects us with Indian youth,” she added.

Saudi youth are “opening their minds to progress and equal youth involvement”, was what many of the delegation members said.

Clad in colourful embroidered thobes with their heads covered, women stood equal to men as they came from diverse backgrounds such as science, management and IT. Led by the country’s Deputy Minister for Economic and Cultural Affairs Yousef Terad Al Saadon, the team has been here since March 22 and has visited Hyderabad and Bangalore before coming here.

Technology was not the only highlight of the visit as 26-year old Saudi student Aisha Bashayan feels she experienced the role of young women to be very crucial in development.

“Women are change agents across the world. But in reference to Saudi Arabia and India, I got to see how their voice is emerging stronger with each passing day in the course of development,” Bashayan, who was on her second visit to India, told IANS.

Her friend Kholoud Bakr echoes her sentiments: “I am a Saudi woman travelling alone, trying to bring about a change. What does this say about gender equality?”

“It is by culture and choice that womenfolk cover their heads. But when there is determination to work for the country, gender does not matter,” Bakr speaks in an assertive tone even as her team members listen closely.

The men were also dressed in traditional thobes.

The Saudi delegation, after hours of interaction with students from the capital’s Netaji Subhas Institute of Technology (NSIT), exchanged ideas on tele-medicine and tele-education.

“It was great to know from Saudi youth that they think of issues like democracy, corruption, gender. We engaged in several interaction with Saudi youth and came across several lessons that we can learn from each other,” Mohit Sharma, a student from NSIT, told IANS after meeting with the Saudi delegation.

The delegation travelled to the Indian Space Research Organisation (ISRO) in Bangalore and the Indian School of Business, among others, in Hyderabad to gain a first-hand account of the progress made by Indian institutions and universities.

(Madhulika Sonkar can be contacted at madhulika.s@ians.in)

source: http://www.twocircles.net / Home / by Madhulika Sonkar / IANS / April 01st, 2012

 

Malta participates for the first time in IndiaSoft 2012

Business & Economy, Science & Technology

Malta participated for the first time in IndiaSoft 2012 held in Hyderabad, India through two local companies – Alert Communications Ltd and Key IT Group.

Both participants, Managing Director of Alert Communications Ltd Claudine Cassar and Director of Key IT Group Marcel Cutajar were pleased with the outcome of their participation, which they termed as “a very successful visit” and in particular the extensive networking opportunities that Indiasoft provided.

Participation in the Fair was made possible by the High Commission of Malta in New Delhi, who with the help of the Malta Chamber of Commerce, Enterprise and Industry identified the two Maltese companies interested in exploiting this opportunity. To facilitate participation from Malta, the organisers sponsored the return trip to and from Hyderabad.

The High Commission in New Delhi entrusts that Malta’s participation in this annual Fair will be sustained in the coming years, in order to help build commercial bridges of benefit to both sides. In this regard, the High Commission encourages Maltese IT companies to express interest in participation when the call for participation in IndiaSoft 2013 is issued later on this year, around October-November.

source: http://www.di-ve.com / Home> Business & Finance / April 01st, 2012