4 months to 2 days: Digitisation cuts land buy notification time

Times of India | Mar 15, 2019 at 4:41 PM
  • Digitisation of land records and online processes have reduced the time taken for notification for land acquisition to only “two” days against earlier norm of nearly 3-4 months.
  • Since the launch of BhoomiRashi system in April, which has digitised procedures for land procurement, the highways ministry has issued notifications for acquiring more than 26,000 hectares till January as compared to barely 10,000 during the entire 2017-18.
  • Against the usual trend of NHAI and the ministry issuing 1,000 notifications annually for land acquisition, in 10 months more than 2,500 notifications were issued because of the online system.


Bouteflika’s role looks ever weaker as Algerians take to streets

Irish Times | Mar 15, 2019 at 4:35 PM
  • Hundreds of thousands of people protested in central Algiers on Friday in the biggest demonstration against President Abdelaziz Bouteflika’s 20-year rule since unrest began last month.
  • Algeria is a major oil and gas producer.
  • Mr Bouteflika and his allies, effective manipulators of the opposition, managed to avoid major unrest by spending oil money on the population, handing out low-interest loans and housing.


Ukrtransgaz Invites 10 Tenders For Procurement Of 1.17 Billion Cubic Meters Of Gas For UAH 8.5 Billion

Ukrainian News | Mar 15, 2019 at 4:24 PM
  • This is evidenced by data in the ProZorro public procurement system, Ukrainian News Agency reports.
  • Ukrtransgaz invited 5 tenders for the procurement of 80 million cubic meters of gas to meet production and technology needs and own needs for UAH 580 million each.
  • Also, Ukrtransgaz invited 5 tenders for the procurement of 154 million cubic meters of natural gas to meet production and technology needs and own needs for UAH 1.116 billion.

United Kingdom

Italian oil giant to plant huge forests to offset carbon emissions

The Telegraph | Mar 15, 2019 at 4:21 PM
  • ENI, the Italian oil and gas company, will plant forests four times the size of Wales across southern Africa to help cut its net carbon emissions to zero by the end of the next decade.
  • The €56bn oil company hopes the forests will help absorb its excess emissions while cleaning up its global oil and gas production business.
  • Under the new strategy ENI will also tighten up on rogue methane emission leaks from its exploration and production business and cut gas flaring.

Russian Federation

Sibur to start paying higher dividends from 2019

TASS Russian News Agency | Mar 15, 2019 at 4:13 PM
  • Sibur will start paying higher dividends in periods starting from January 1 of this year, Chief Executive Officer of the Russian petrochemical giant Dmitry Konov told reporters on Friday.
  • Sibur approved earlier the new dividend policy stipulating payments of at least 35% of IFRS net profit attributed to shareholders.
  • The previous dividend policy approved in 2014 contemplated payments of 25% of profit.


We tried a new e-commerce startup that sells organic and natural products with a $59 annual membership — here’s the verdict

Business Insider Australia | Mar 15, 2019 at 4:01 PM
  • Public Goods is part of a new breed of online shopping startup.
  • It also fits the mould of recent online shopping startups like Brandless, which launched a shop that offers natural, organic, and sustainable own-label goods that are priced in $US3 increments.
  • Public Goods does deliver on offering a slate of natural, organic, and sustainable essentials at low price points, making it easy to purchase for people who can’t get those things at a local grocery store.

United Kingdom

Mixed market outlooks have OPEC, allies in wait-and-see mode for JMMC meeting

S&P Global Platts | Mar 15, 2019 at 3:24 PM
  • Oil prices have risen some 25% since the beginning of the year thanks, in large part, to production cuts by OPEC and its allies, no doubt buoying the sentiments of ministers ahead of Monday’s monitoring committee meeting in Azerbaijan.
  • Venezuela pumped 1.10 million b/d in February.
  • Iraq pumped 4.63 million b/d in February, compared with its quota of 4.51 million b/d, while Nigeria produced 1.74 million b/d in the month, above its quota of 1.69 million b/d.

Saudi Arabia

CERAWeek Diary: Houston humor shows oil industry can be a barrel of laughs

Arab News | Mar 15, 2019 at 3:04 PM
  • You don’t usually associate the oil industry with humor, but a few days at the CERAWeek by IHS Markit forum in Houston will change your mind.
  • With a nationwide blackout that paralyzed the country for one week, demonstrating the unreliability of the country’s electricity network, new questions are being raised about Venezuela’s ability to continue to produce and export oil.
  • The IEA left unchanged its forecast for non-OPEC supply increasing to 64.4 mbd this year from a revised 62.7 mbd in 2018, a gain of 1.7 mbd.