Epic to cut losses to secure gas deal, sale

According to a leaked Western Power report, the commercial negotiations with Epic involve the dropping of $A22 million in accrued billing claims against Western Power, although the regulatory outcome would
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Oil pipeline construction encouraged in India

The government has already received six proposals, exceeding investments of over Rs 5,000 crore ($US1.1 billion), from a variety of companies including Reliance Industries and Essars The six proposals
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IOC may expand Haldia refinery

According to IOC chairman, Mr M S Ramachandran, the proposed expansion will take place after the construction of the Paradip — Haldia pipeline which will connect the Paradip refinery and mooring
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GAIL pipeline to start LPG transport in January

GAIL completed work on pipeline in June, but since then it has laid idle with oil companies not geared to transport LPG. A transport service agreement has been signed with Hindustan Petroleum Corporation
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Bayu Undan delayed by at least 8 months

Darwin area manager of project operator ConocoPhillips, Blair Murphy, confirmed the timetable delay was due to construction and delivery delays in both the Bayu production platforms and the floating production
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Western Power close to Epic Deal

Western Power currently pays about $34 million to ship gas each year and pays no penalties for using more gas than set out in its contract. The proposed deal with Epic would mean Western Power would pay
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