India working on Rs 40,000 crore subsea gas pipeline project to help mitigate risks brought to fore by Hormuz blockadeIndia subsea gas pipeline project: India is accelerating plans for a direct deep-sea gas pipeline from Oman, estimated at ₹40,000 crore, to...
15 May, 2026, 04.46 PM IST
Explained: Why Vedanta shares are up 4% after government's royalty cut on crude oilVedanta shares rallied after the Centre reduced royalty rates on crude oil and natural gas production, a move expected to lower costs for t...
12 May, 2026, 12.29 PM IST
India cuts royalty burden on oil and gas producers in push for domestic outputIndia's Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration an...
12 May, 2026, 07.52 AM IST
Govt awarded 172 oil & gas blocks in 10 years, but negligible output brings policy and execution into focusIndia's ambitious oil and gas policy has failed to boost domestic production. Despite billions invested and extensive exploration, only one...
02 May, 2026, 12.34 AM IST
Government may cap ONGC new well gas amid distributor concernsThe government is considering a price cap on ONGC's 'new well gas' following a 58% surge to $12.91 per mmbtu, driven by city gas distributo...
07 Apr, 2026, 08.54 AM IST
India caps trading margin on resale of gas from deep sea fieldsThe federal government fixes the ceiling price of gas produced from the deepwater fields as the nation wants to increase the share of natur...
13 Jan, 2023, 10.43 PM IST
RIL to auction 12 mmscmd gas from MJ Field“RIL’s deep-water field gas will come on stream this fiscal. We are planning to bid for the same when it comes for auction,” said the senio...
25 Apr, 2022, 12.35 AM IST
China's first solo-operated deepwater gas field starts productionShenhai-1, meaning deepsea, is expected to produce up to 3.39 billion cubic meters (bcm) of gas every year, or roughly 2% of China's total ...
25 Jun, 2021, 10.57 AM IST
Reliance-BP 'bubble' delivers two deep water gas fields despite massive COVID-19 challengeSince 2017, Reliance Industries Ltd along with its JV Partner bp had embarked on concurrent development of three deepwater fields in the Kr...
23 May, 2021, 02.40 PM IST
Reliance, BP begin production from second deepwater gas fieldRIL-BP’s ‘Satellite Cluster’ field has come onstream two months ahead of schedule despite Covid-19 challenges, the two companies said in a ...
26 Apr, 2021, 09.30 AM IST
Second round of auction of DSFs likely by January-endA total of 61 fields with reserve of about 180 million tonnes of oil and oil equivalent will be offered in this round, said an oil ministry...
29 Nov, 2017, 01.33 AM IST
ONGC seeks buyers for deep-water field in KG Basin“This is a test case for ONGC. It is a challenge for ONGC to derive a strategy for getting the right price for all future production from d...
15 Jul, 2016, 04.53 AM IST
L&T consortium bags Rs 2,450 crore ONGC orderLarsen & Toubro’s hydrocarbon arm has bagged an offshore contract from state-run ONGC worth Rs 2,450 crores for the development of the latt...
07 Jan, 2016, 05.29 PM IST
Oil Ministry submits proposal on premium for difficult gas fieldsThe Oil Ministry has submitted a proposal to the Finance Ministry for paying a premium to natural gas producers for difficult fields, a top...
08 Apr, 2015, 01.16 PM IST
- Next week to see RIL reap first of KG gains
RIL, which is working on a warfooting with most of its exploration and production brass stationed at the offshore platform, is expected to ...
19 Sep, 2008, 03.35 AM IST
- Brazil starts to tap deepwater oil field
Brazil will today start to tap a deepwater offshore oil field that could presage how difficult it will be to pump reserves in vast new fiel...
02 Sep, 2008, 07.06 AM IST
- Brazil starts to tap deepwater oil field
Brazil will on Tuesday start to tap a deepwater offshore oil field that could presage how difficult it will be to pump reserves in vast new...
02 Sep, 2008, 03.04 AM IST