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SOUTH CAMBAY BASIN
Government asks ONGC, OIL to sell out 66 fields to private firmsGovt brought in a new system of bidding such as drilling of wells and shooting of seismic with the winner's only liability being payment of...- Government reverts back to old system of awarding oil and gas blocksThe new system of awarding blocks in not so prolific areas will replace a two-year-old method of awarding.
- High-level panel for reverting to older system of auctioning oil blocksThe move to revenue sharing was contrary to most of the industry players being against the new regime.
- Oil PSU capex drops to 4-yr low for 2019-20Oil PSUs' capital expenditure has hit a four-year low despite govt's intention to raise domestic output.
- ONGC finds oil, gas reserves in Madhya Pradesh, West Bengal to open 2 new basins in IndiaONGC had previously opened six out of India's seven producing basins for commercial production. It is in the process of adding the eighth b...
- Reliance exits Peru oil blockReliance had steadily acquired 16 conventional oil and gas assets, including four in Peru, three in Yemen, and two each in Oman, Kurdistan ...
- RIL gets green nod for Rs 800 crore drilling project in Tamil NaduAmong key conditions specified, RIL has been asked to ensure gas produced during the testing should be flared with appropriate flaring boom...
- Cairn India to exit Sri Lankan gas blockCairn India will by month end exit its Sri Lankan gas block after two discoveries it had made were found to be commercially unviable.
- Carlyle supports former Cairn executives with upto $500 mn funding to create new oil & gas firm Magna EnergyAt a time when BP, BHP, BG, and even Cairn - are either withdrawing from India or are stuck in regulatory logjam, this is one of the boldes...
- Big oil discovery made near AhmedabadSources said the discovery is huge and similar to oil being produced by ONGC in the neighbouring Padra field as also by GSPC in Ingoli fiel...
- ONGC to harness geothermal energy in South Cambay basinONGC Energy Centre, a research division of ONGC on alternate energy, has joined hands with a Belgian firm to harness geothermal energy in S...
- Oilex's Cambay Basin block in Gujarat holds 1.3 trillion cubic feet gas, 1.6 bn barrels oilOilex Ltd says its Cambay Basin block in Gujarat has been independently assessed to hold in-place natural gas reserves of 1.3 trillion cubi...
- GSPC discovers 'huge reservoir of gas' in AnkleshwarGujarat State Petroleum Corporation (GSPC) has discovered a "huge reservoir of gas" in an onland exploration block in Ankleshwar, Gujarat.
- Oilex to start gas production from Cambay field next yearAustralia's Oilex Ltd plans to start natural gas production from the huge discovery it made south of Ahmedabad, which is being billed as th...
- ONGC strikes oil, gas in KG and Cambay basinState-owned Oil and Natural Gas Corp (ONGC) on Wednesday said it has made two oil and gas discoveries in the Krishna Godavari and Cambay ba...
- Oilex strikes gas reserves over 1.5 TCF in GujaratIndustry estimates put the total resource base or inplace reserves in the Cambay basin discoveries near the town of Khambat at between 20-3...
- Mittal eyes 50% stake in HPCL arm Prize PetroSteel baron Lakshmi N Mittal is eyeing to buy half of Hindustan Petroleum Corporation’s exploration arm Prize Petroleum for around Rs 200 c...
- Law ministry check may delay Nelp-VII by a month: Changes in contractual terms proposed for the seventh round of the New Exploration Licensing Policy (Nelp-VII) have come under the law mi...
- Auctioning of oil & gas exploration blocks to start on Nov 5The government will launch the much-delayed seventh round of auction for oil and gas exploration blocks under NELP on November 5 by offerin...
- Bidding for NELP VII set to kick off on Nov 5The government is all set to announce the seventh bidding round for exploring about 75-85 oil and gas blocks under the New Exploration Lice...
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