Gail & Bipin Vora awarded at 2013 Platts Global Energy Awards
The awards, considered the “Oscars” of the energy industry and now in their 15thyear, are hosted by Platts,
The awards, considered the “Oscars” of the energy industry and now in their 15thyear, are hosted by Platts, a leading global provider of energy, petrochemicals, metals and agriculture information.
Platts’ independent panel of judges said that Vora, who was nominated for the award by the Petroleum Federation of India,had changed the energy industry from the ground up. Recognized globally for developing safe and environmentally-friendly petrochemical processes, Vora earned 92 patents in the U.S. and 200 internationally, and has authored more than 140 publications in various trade and technical journals. Products manufactured today employing technologies developed under his leadership are valued at more than $10 million. Voraretired in 2006 from UOP and continues to advise the firm on R&D matters. He received his B.Sc. (Honors) from the University of Mumbai and M.S. and B.S. degrees from the University of New Mexico. Vora won one of three Lifetime Achievement Awardsbestowed at the event; his fellow honorees were Jim Rogers, CEO of U.S. based Duke Energy, and Michael Peevey, president of the California Public Utilities Commission.
Impressed by GAIL’s success in overcoming diverse challenges to create a key component of the country’s Natural Gas Grid, the judges chose GAIL as the winner of the award for Premier Project – Construction. Its Dabhol-Bangalore Pipeline, which commenced construction in 2010 and was completed in 2013, acts as common carrier between the western and southern parts of India for companies such as Reliance, Shell, PLL and ONGC, thus integrating the country’s entire gas market. Besides being completed on time, the project was also on budget and, thanks to careful planning and project management, achieved cost savings nearing 40%. The judges applauded GAIL’s strategic thinking and perseverance in bring efficiency to India’s gas grid.
The two awards were presented at a black-tie gala at the Waldorf Astoria in midtown Manhattan emceed by CNBC television anchor Amanda Drury and attended by nearly 500 guests. Vora personally accepted his Lifetime Achievement Award. Representing GAIL and accepting its award was Jayanta Sinha, president of GAIL Global (USA.)
Indian companies also counted among the finalists for the 2013 Global Energy Awards. Elango P of Cairn India Ltd. and Sudhir Vasudeva of Oil & Natural Gas Corp Ltd.were among the contenders for CEO of the Year. That award went to Harold Hamm of Continental Resources,a U.S.-based independent exploration and production company, which also won Company of the Year. GAIL (India) Limited was also a finalist for the Midstream Industry Leadership award, which went to Switzerland’s Puma Energy; and Adani Enterprises Ltd. was among the finalists for Rising Star – Company, an award won by Nodal Exchange, a U.S. commodities exchange whose innovations in offering future contracts resulted in astounding growth.
Full information on the winners and judges’ rationale can be found in the December Platts Insight Magazine on the Platts Global Energy Awards website or via the Platts Global Energy Awards media kit.
Next year’s Platts Global Energy Awards and events will be held December 11, 2014, in New York City.
India Infoline Research Team / 08:44, Jun 26, 2015
IIFL is hosting 10 companies at a Management Roadshow in Mumbai today. The opening is a subdued start. US market saw minor losses with Dow, S&P 500 and Nasdaq closing marginally lower.