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DEEPSEA GAS DISCOVERY
80,000-year-old Antarctic ice reveals radioactive stardust still falling on Earth. Is it dangerous?Scientists have detected iron-60, a radioactive isotope from ancient supernova explosions, in Antarctic ice up to 80,000 years old. This di...- Melting icebergs are dropping rocks onto the Arctic seafloor, and those stones are turning into deep-sea homes for marine life as climate change quietly redraws where life can liveMelting icebergs in the Arctic are delivering rocks to the seafloor. These rocks are becoming new homes for corals and sponges. This discov...
- 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...
- ONGC pushes back KG gas production target date to end 2019; oil delayed by a yearNow, first gas is expected by December 2019 and oil by March 2021, according to the revised dates presented to the company's board late las...
- KG block production may be delayed due to regulatory changes: ONGCOil and Natural Gas Corp (ONGC) is investing USD 5.07 billion in KG-DWN-98/2, which sits next to Reliance Industries' flagging KG-D6 block ...
- DGH refuses commerciality of ONGC's deepest gas findONGC plans to drill nine wells on the discovery that lies in water depths of 2,400-3,200 metres and will produce a peak output of 19 millio...
- ONGC turns to GSPC's undersea infrastructure for KG-basin gas outputONGC last year agreed to buy GSPC's 80 per cent interest in the KG-OSN-2001/3 block, which sits next to the state-owned firm's KG-DWN-98/2 ...
- ONGC to invest Rs 21,500-crore in India's deepest gas findONGC plans to drill nine wells on the discovery that lies in water depths of 2,400-3,200 metres and will produce a peak output of 19 millio...
- ONGC to invest $5.1 bn for developing oil finds off Andhra Pradesh coastGas from the offshore field will be brought via sub-sea pipeline to Andhra Pradesh before being transported to end users.
- Global companies offer ONGC deepsea drilling rigs for KG gas findONGC is investing $5.07 billion for developing Cluster-II discoveries in KG-D5 block to flow natural gas from from June 2019 and oil by Mar...
- ONGC awaits DGH nod for $5 billion KG-D5 gas development planCluster-2A mainly comprises of oil finds of A2, P1, M3, M1 and G-2-2 in NDA which can produce 77,305 bpd (3.86 million tonnes per annum) an...
- In a boost to firms like ONGC and Reliance Industries, Cabinet clears new price formula for undeveloped gas findsDharmendra Pradhan said that the price will be the lowest of weighted average of fuel oil and imported LNG or weighted average of fuel oil,...
- Government to hike natural gas price for ONGC, Reliance Industries by 60%Gas price in India is currently $3.82 per million British thermal unit, which will fall to $3.15 in April, a rate not enough to make up for...
- Government's gas pricing formula not viable to develop KG gas: ONGCONGC plans to invest multi-billion dollars in bringing to production its Krishna Godavari (KG)-basin oil and gas discoveries by 2018-19.
- New gas price of $5.61 per unit inadequate to attract investments"The current pricing policy, in our view, will not lead to new capex in the development of complex deepwater discoveries," HSBC said
- 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...
- UK-based BG Group in talks to buy stake in ONGC's assetsONGC's chairman said in June the firm was in talks with BG and Italian oil major ENI to sell up to 30 percent in the block.
- ONGC looking to drill 8 wells in Krishna-Godavari gas blockONGC wants to drill eight wells in its gas discovery block in the prolific Krishna-Godavari Basin off the Andhra coast to appraise finds it...
- Petrobras to exit ONGC’s gas blockBrazil’s Petrobras had decided to quit Oil and Natural Gas Corp’s (ONGC) prolific gas discovery block in the Krishna-Godavari basin, a vaca...
- RIL's KG-D6 block gas project goes on steamReliance Industries is believed to have started natural gas production on Wednesday from its deep-sea Krishna-Godavari basin fields, a move...
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