Oil And Gas Discoveries
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India's ONGC To Sell Stake, Seeks Global Help To Develop Fields
ONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in developing its Deen Dayal West field in the Bay of Bengal and ultra-deep discoveries in Krishna Godavari Basin.
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ONGC Sees Significant Rise In Oil, Gas Output By 2024-25
ONGC said its crude oil production will rise 11 per cent and natural gas output will jump 25 per cent after newer discoveries start producing
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India's ONGC To Sell Stake, Seeks Global Help To Develop Fields
ONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in developing its Deen Dayal West field in the Bay of Bengal and ultra-deep discoveries in Krishna Godavari Basin.
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Government Introduces New Gas Marketing Norms To Help Producers
Mr Pradhan said the new, more transparent price discovery mechanism would help raise daily gas production from the Krishna Godavari basin on the east coast and other parts of the country by 40 mmscm.
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Saudi Aramco Discovers Two New Oil And Gas Fields, Says Energy Minister
State oil company Saudi Aramco has discovered two new oil and gas fields in the northern regions, the kingdom's energy minister said on Sunday, state news agency SPA reported.
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Pakistan May Soon Hit Oil, Gas Jackpot In The Arabian Sea: Imran Khan
Pakistan Prime Minister Imran Khan has said that his country is on the verge of hitting a kind of jackpot in the form of discovering a huge reserve of oil and gas in the Arabian Sea.
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Centre Asks Firms To Boost Shale Oil And Gas Discovery Efforts: Report
In late 2013, the government gave rights to Oil and Natural Gas Corp to explore for shale oil and gas reserves.
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ONGC Offered Deep Sea Drilling Rigs For KG Gas Find: Report
ONGC 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 March 2020.
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ONGC, OIL Clear Air Over Auctions In Assam Via Ads: Government
Amid protests over the government taking away and auctioning a dozen oil and gas discoveries of ONGC and OIL in Assam to private firms, the two PSUs have sought to clear "misunderstandings" through advertisements, Oil Minister Dharmendra Pradhan said on Monday.
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New Price Formula For Undeveloped Gas Finds Cleared By Union Cabinet
In a boost to firms like Oil and Natural Gas Corporation (ONGC) and Reliance Industries, the Cabinet today approved a new price formula for their undeveloped gas discoveries in difficult areas, which will lead to a near-doubling of rates.
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ONGC to Invest $8.8 Bn in KG Oil and Gas Finds: Report
State-owned Oil and Natural Gas Corporation (ONGC) plans to invest over $8.8 billion in bringing to production its much-touted KG-basin oil and gas discoveries by 2018-19.
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BP Seeks Higher Gas Price for Undeveloped Discoveries: Report
BP chief executive Bob Dudley on Tuesday met Prime Minister Narendra Modi, first since the BJP-led government stormed to power last May, and followed it up with a meeting with Oil Minister Dharmendra Pradhan on Wednesday morning.
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Oil Ministry to Remind Finance Ministry on Gas Price Premium Soon: Report
While approving a new gas pricing formula based on international hub rates in October last year, the government had decided that new gas discoveries in deep-water, ultra-deep sea or high-temperature and high-pressure fields will be given a premium over and above the approved price.
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Reliance Industries to Defer Gas Field Development if Price Outlook Uncertain
RIL has made 19 oil and gas discoveries in the KG-DWN-98/3 block in the Bay of Bengal and so far only three - Dhirubhai-1 and 3 gas and MA oil and gas fields, have been brought to production. Multi-billion dollar development plans for five other finds including the significant R-Series have been approved.
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Finance Ministry Returns Oil Ministry's Gas Price Premium Proposal: Report
The government, while approving a new gas pricing formula based on international hub rates in October last year, had decided that new gas discoveries in deep-water, ultra-deep sea or high-temperature and high-pressure fields will be given a premium over and above the approved price.
-
India's ONGC To Sell Stake, Seeks Global Help To Develop Fields
ONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in developing its Deen Dayal West field in the Bay of Bengal and ultra-deep discoveries in Krishna Godavari Basin.
-
ONGC Sees Significant Rise In Oil, Gas Output By 2024-25
ONGC said its crude oil production will rise 11 per cent and natural gas output will jump 25 per cent after newer discoveries start producing
-
India's ONGC To Sell Stake, Seeks Global Help To Develop Fields
ONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in developing its Deen Dayal West field in the Bay of Bengal and ultra-deep discoveries in Krishna Godavari Basin.
-
Government Introduces New Gas Marketing Norms To Help Producers
Mr Pradhan said the new, more transparent price discovery mechanism would help raise daily gas production from the Krishna Godavari basin on the east coast and other parts of the country by 40 mmscm.
-
Saudi Aramco Discovers Two New Oil And Gas Fields, Says Energy Minister
State oil company Saudi Aramco has discovered two new oil and gas fields in the northern regions, the kingdom's energy minister said on Sunday, state news agency SPA reported.
-
Pakistan May Soon Hit Oil, Gas Jackpot In The Arabian Sea: Imran Khan
Pakistan Prime Minister Imran Khan has said that his country is on the verge of hitting a kind of jackpot in the form of discovering a huge reserve of oil and gas in the Arabian Sea.
-
Centre Asks Firms To Boost Shale Oil And Gas Discovery Efforts: Report
In late 2013, the government gave rights to Oil and Natural Gas Corp to explore for shale oil and gas reserves.
-
ONGC Offered Deep Sea Drilling Rigs For KG Gas Find: Report
ONGC 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 March 2020.
-
ONGC, OIL Clear Air Over Auctions In Assam Via Ads: Government
Amid protests over the government taking away and auctioning a dozen oil and gas discoveries of ONGC and OIL in Assam to private firms, the two PSUs have sought to clear "misunderstandings" through advertisements, Oil Minister Dharmendra Pradhan said on Monday.
-
New Price Formula For Undeveloped Gas Finds Cleared By Union Cabinet
In a boost to firms like Oil and Natural Gas Corporation (ONGC) and Reliance Industries, the Cabinet today approved a new price formula for their undeveloped gas discoveries in difficult areas, which will lead to a near-doubling of rates.
-
ONGC to Invest $8.8 Bn in KG Oil and Gas Finds: Report
State-owned Oil and Natural Gas Corporation (ONGC) plans to invest over $8.8 billion in bringing to production its much-touted KG-basin oil and gas discoveries by 2018-19.
-
BP Seeks Higher Gas Price for Undeveloped Discoveries: Report
BP chief executive Bob Dudley on Tuesday met Prime Minister Narendra Modi, first since the BJP-led government stormed to power last May, and followed it up with a meeting with Oil Minister Dharmendra Pradhan on Wednesday morning.
-
Oil Ministry to Remind Finance Ministry on Gas Price Premium Soon: Report
While approving a new gas pricing formula based on international hub rates in October last year, the government had decided that new gas discoveries in deep-water, ultra-deep sea or high-temperature and high-pressure fields will be given a premium over and above the approved price.
-
Reliance Industries to Defer Gas Field Development if Price Outlook Uncertain
RIL has made 19 oil and gas discoveries in the KG-DWN-98/3 block in the Bay of Bengal and so far only three - Dhirubhai-1 and 3 gas and MA oil and gas fields, have been brought to production. Multi-billion dollar development plans for five other finds including the significant R-Series have been approved.
-
Finance Ministry Returns Oil Ministry's Gas Price Premium Proposal: Report
The government, while approving a new gas pricing formula based on international hub rates in October last year, had decided that new gas discoveries in deep-water, ultra-deep sea or high-temperature and high-pressure fields will be given a premium over and above the approved price.
