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DEEPWATER OIL FIELDS
ONGC rebrands itself as ‘gas and oil’ firm as natural gas output overtakes crudeState-run ONGC is shifting its focus, now prioritizing natural gas over crude oil. Chairman Arun Kumar Singh announced that gas production ...- ONGC bets on gas-led growth as premium pricing boosts profitabilityONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantl...
- 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...
- 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...
- 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...
- 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...
- Gas price for Reliance-bp cut by 3%, domestic rates remain unchangedThe ceiling price for natural gas from deepsea and difficult fields has been cut by 3% to USD 9.72 per MMBtu for six months starting Octobe...
- 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...
- 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...
- 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...
- 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...
- ONGC close to plugging well to check gas leak in KG basinONGC today said it is very close to capping a Krishna Godavari basin well that has been leaking natural gas for two months now.
- 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...
- BP announces sale of Mexican Gulf assets to Japanese groupThe cash deal comes as BP looks to sell up to $30 billion of assets by the end of 2011 to help meet its financial obligations from the Gulf...
- Team ONGC proves viability of 2.7tcf Mahanadi blockOil & Natural Gas Corp (ONGC)-led consortium of state-owned energy firms has proved commercial viability of its Mahanadi gas find.
- Next week to see RIL reap first of KG gainsRIL, which is working on a warfooting with most of its exploration and production brass stationed at the offshore platform, is expected to ...
- Brazil starts to tap deepwater oil fieldBrazil 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...
- Brazil starts to tap deepwater oil fieldBrazil 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...
- Norsk Hydro to take 10 pc in ONGC gas fieldNorway's Norsk Hydro agrees to take a stake in ONGC's gas discovery block off the east coast.
- RIL to hire drilling rig for KG basin blockReliance Industries, the country's most valuable company, will pay over 600 million dollars for hiring deep-sea drilling rigs for developin...
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