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HYDROCARBONS IMPORT RELIANCE
Govt to bankroll half the cost of deepwater wells, but wants its money back from winnersThe Indian government is initiating the Samudra Manthan scheme to encourage deepwater exploration for hydrocarbons. This scheme will provid...- Govt sets rules for Rs 84,084-cr offshore oil hunt, will share deepwater drilling riskThe Indian government will implement the Samudra Manthan scheme to encourage deepwater oil and gas exploration. Funding will cover part of ...
- Indian refiners' fuel exports to the West jump 43% as they keep processing Russian crudeIn September, Indian and other refineries exported 1 billion euros' worth of oil products made from Russian crude. This marked a 43 percent...
- Deep-sea gas becomes costlier as government raises price ceilingThe government has raised the ceiling price for gas from difficult fields such as Reliance-BP’s KG-D6 block to $9.89 per MMBtu for October ...
- OIL CMD Ranjit Rath outlines the company's growth prioritiesOIL is eyeing higher domestic oil and gas production, accelerated exploration including deep and ultra-deepwater opportunities, strengtheni...
- Govt extends OALP-X, XI bid deadline again to Nov 15India's government has extended bid deadlines for offshore oil and gas exploration blocks. Companies now have until November 15, 2026, to s...
- ONGC gets US licence to resume full Venezuela operations, eyes operatorshipONGC has received a US Treasury license to resume full operations in Venezuela. This approval removes sanctions-related risks, allowing exp...
- India has built energy resilience to withstand external shocks, says PuriIndia has enhanced its energy security by diversifying crude oil supplies. Strategic infrastructure expansion and domestic exploration inve...
- Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habitIndia's government will fund offshore oil and gas exploration directly from its national budget. The "Samudra Manthan" scheme allocates sig...
- ONGC plans 150 deepwater wells under Rs 84,084-crore Samudra Manthan MissionONGC will drill 150 deepwater wells over seven years. The Samudra Manthan scheme aims to boost domestic oil and gas exploration. This initi...
- ONGC starts drilling first deepwater well in Mahanadi basin under Samudra Manthan missionONGC began drilling its first deepwater exploratory well in the Mahanadi offshore basin. This ambitious campaign aims to tap India's vast h...
- SC rules exxsol hexane a pure hydrocarbon, duty cut to 2.5%The Supreme Court has ruled that exxsol hexane is a pure hydrocarbon. This decision means imported exxsol hexane will attract a lower custo...
- New hydrocarbon projects likely to boost RIL’s core earnings growthThese hydrocarbon projects could add $2-2.5 billion to the operating profit at Reliance
- Auction of six shale gas blocks likely this yearSix shale-gas blocks with estimated reserves of over 50 billion cubic metres are likely to be put up for sale this year.
- Solar power to be focus of shift in future energy needs: Mukesh AmbaniMukesh Ambani said solar power will be at the core of the shift in future source of energy needs - from hydrocarbon to renewable.
- Government wants fresh estimate of RIL's KG-D 6 reservesThe oil ministry has asked Reliance Industries (RIL) to prepare a fresh estimate of gas reserves in satellite fields of the KG-D 6 block.
- Reliance Industries to submit fresh estimates of cost & reserves for KG-D6 block investment planThe oil ministry has asked RIL to prepare a fresh estimate of gas reserves in satellite fields of KG-D6 block and submit a new cost assessm...
- No loss from KG-D6 deal with Reliance Industries: GovtGovt sees no merit in CAG’s charge of irregularities in its dealings with RIL but is sympathetic to auditor’s suggestions on better enforce...
- Reliance Industries, BP complete $7.2-billion dealReliance Industries and BP have completed the $7.2-billion deal in which the British company will pick up 30% in 21 blocks.
- New gas estimate to take India to global top leagueReliance Industries (RIL) has informed the government that the D-6 block in the Krishna-Godavari (KG) basin has the potential to have gas r...
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