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DEENDAYAL GAS FIELD
ONGC signs pact to buy out GSPC's KG block stake for $1.2 billionONGC will pay $995.26 million for three discoveries in the KG-OSN-2001/3 block that are under trial production since August 2014.- ONGC in talks to buy stake in GSPC's KG basin blockONGC initially was not keen to buy stake in the block as it felt the block had reserves far less than what GSPC was claiming and the asking...
- GSPC posts net loss of Rs 804 crore in FY'16GSPC owns the Krishna Godavari basin Deendayal gas block where it has sunk in $3.6 billion and taken about Rs 19,500 crore of debt.
- ONGC mulling buying majority stake in GSPC's Krishna Godavri basin gas blockGSPC is in a loss and to come out of the situation it plans to sell its 50 per cent stake to ONGC including its under water sea infrastruct...
- RIL to produce 23 mmscmd from gas finds in KG-D6: Oil MinistryReliance Industries will produce 23 million standard cubic meters per day of more gas from five discoveries in the flagging KG-D6 block by ...
- Centre overrules Gujarat State Petroleum Corp's demand for $8.5 gas price"GSPC has not intimated about the start of commercial production of gas from its discoveries in the Block KG-OSN-2001/3 in KG Basin," Pradh...
- Gas pricing uncertainty stops GSPC from starting productionGSPC wants to sell gas at about $13 per unit. The current gas price for output from fields discovered under the new exploration licensing p...
- ONGC to hire global consultant to study KG block discoveriesONGC plans to hire an international consultant to study the feasibility of developing about a dozen discoveries at a KG basin block off the...
- ONGC to invest $9 billion in producing oil and gas from KG basinOil and Natural Gas Corp will invest over $9 bn in bringing to production an array of oil & gas discoveries in its prolific Krishna Godavar...
- GeoGlobal’s Jean Paul Roy, who part-owns GSPC blocks, has a history of controversiesRelations between the two partners have been troubled since then, and GSPC wrote to the oil ministry two years ago saying it wants to termi...
- Aim to be an integrated energy play: Tapan Ray, MD, GSPCGSPC MD Tapan Ray barely attends public functions or speaks to the media. Ray says GSPC is shaping as the most integrated energy player tod...
- GSPC raises Rs 3,000 crore term loan to fund DDW in KG basinGSPC IPO is likely to be sometime later next year as it has tied up Rs 3,000 crore term loan through a consortium of 15 banks.
- Gas for R-Power: EGoM may meet on July 27A ministerial panel is likely to meet on July 27 to consider allocating natural gas from RIL's KG-D6 field to the Anil Ambani Group's propo...
- Gujarat invests over Rs 6,000 cr in KG basin
- PSUs' share in GSPC now valued at Rs 850 croreThe value of a minuscule investment of Rs 5 crore made by six Gujarat-based PSUs in 1994 has shot up to Rs 850 crore.
- DGH okays GSPC's two TCF gas reservesState venture Gujarat State Petroleum Corporation received approval for its field development plan entailing an investment to the tune of $...
- DGH certifies 2 TCF gas in KG basin: GSPCDirector General of Hydrocarbon has certified two TCF gas reserves in the western area KG-8 in the Gujarat State Petroleum Corporation prol...
- GSPC puts IPO back on track, to take a call after BudgetWith gas production plans taking shape in KG Basin, energy venture Gujarat State Petroleum Corporation (GSPC) is all set to revive its plan...
- GSPC gets clearance for gas recovery from KG basinIt's a shot in the arm for Gujarat government-promoted Gujarat State Petroleum Corporation (GSPC). The director general of hydrocarbon has ...
- Foreign oil cos eye GSPC's gasA number of foreign oil majors including Exxon Mobil, Shell and BP have expressed interest in buying a stake in Gujarat State Petroleum’s g...
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