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
PM Modi opens onshore facilities of ONGC's U-field in KG blockThe project was dedicated to the nation along with the inauguration/foundation-stone laying of various other development projects worth ove...
12 Nov, 2022, 04.10 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
Reliance pushes back KG-D6 production to September/OctoberThe company, along with its partner BP Plc of the UK, was initially targeting the start of production from the R-Series field in the Krishn...
28 Jun, 2020, 12.05 PM IST
D1/D3 gas field in Reliance's KG-D6 block shuts downD1/D3 field, in Block KG D6 (KG-DWN-98/3) located in the Bay of Bengal, was India's first deepwater gas field to be put on production in Ap...
03 Feb, 2020, 07.18 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
ONGC well in K-G block leaking gas; environment damage fearedA deepwater well in a Krishna Godavari basin block operated by state-run Oil and Natural Gas Corp (ONGC) has been leaking gas for two month...
29 Oct, 2012, 05.45 PM IST
- Team ONGC proves viability of 2.7tcf Mahanadi block
Oil & Natural Gas Corp (ONGC)-led consortium of state-owned energy firms has proved commercial viability of its Mahanadi gas find.
05 Aug, 2010, 03.07 AM IST
- ONGC to invest $4 bn in KG block
State-owned Oil & Natural Gas Corporation (ONGC) plans to invest $4 billion to develop the ultra-deepwater gas find and produce about two t...
15 Jul, 2010, 02.04 AM IST
- RIL to hire drilling rig for KG basin block
Reliance Industries, the country's most valuable company, will pay over 600 million dollars for hiring deep-sea drilling rigs for developin...
02 May, 2007, 03.45 PM IST