ONGC Videsh's (OVL) plan to acquire in Kazakhstan's Satpayev offshore exploration block has got a boost with the Kazakhstan government assuring India that it has solved the issue of protesting workers
Category: Oil & Gas
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India, Nepal to construct oil pipeline
India and Nepal have decided to go ahead with the proposal for a 41-km petroleum pipeline between the two countries at a cost of around Rs 100 crore. The pipeline is to be laid between Raxaul in Bihar to Amlekhgunj in Nepal.
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Cairn gets nod to produce gas in Rajasthan
Oil and Natural Gas Corporation (ONGC) and the Directorate General of Hydrocarbons (DGH) have given Cairn India the go-ahead to start production from the Bhagyam oilfield, the second-largest find in the prolific Rajasthan block.
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GAIL clinches cheap gas import deal
GAIL India managed to clinch a deal to import natural gas from a US-based company for deliveries from 2016-17 at the Henry Hub-benchmarked price, which is lower than the Japanese Crude Cocktail (JCC).
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Shale gas auction by end-2013
India expects to launch its auction of shale gas blocks by the end of 2013, Oil Secretary GC Chaturvedi has said recently.
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New environmental regulatory framework needed for shale gas
India is technologically ready for shale gas, but higher environmental risks and land acquisition issues pose major concerns. SV Rao, Director (Exploration), Oil and Natural Gas Corporation Limited (ONGC), explains to Sudheer Vathiyath how they can be offset.
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Shale Gas: The unlikely alternative?
The government’s plan for bidding out the shale gas blocks for exploration has been postponed till 2013, and it seems India is in the dilemma of how to take its shale gas initiatives forward in policy. The delay points to a debate on the environmental hazards. Given the greater likelihood of groundwater contamination, will shale gas be a reality in the near future? Sudheer Vathiyath explores.
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$75 bn investment in oil & gas sector in 2012-17
India expects Rs 3.90 trillion ($75 billion) to be invested in its oil and gas sector from April 2012 to March 2017. The development plan incluÂdes exploration, production, reÂfining, marketing, storage,
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GSPC in talks with GIC
Gujarat State Petroleum Corp (GSPC) is in talks with the Government of Singapore Investment Corporation (GIC), for raising funds, a top company official said.
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ONGC to farm out equity in CBM assets
ONGC is exploring opportunities to farm-out equity interests in its four CBM assets including one in West Bengal and three in Jharkhand.