India's natural gas demand is set to more than double by 2016-17 with most of incremental demand coming from power plants. As per the projections made by Oil Ministry for the 12th Five Year Plan (2012-13 to 2016-17),
Category: Oil & Gas
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ONGC to form JV with NPCIL
ONGC plans to have joint venture (JV) with Nuclear Power Corp of India (NPCIL). The company is to invest aroÂund Rs 2,940 crore in 5- 6 years in the project. ONGC plans to buy 49 per cent of the shares of one of the five proposed nuclear plants of NPCIL
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Iran natural gas for India
India is considering the import of natural gas from Iran via an under-sea pipeline, according to an Iranian official.
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ONGC seeks land at Dahanu
ONGC has sought 2,000 acre from the Maharashtra government at Dahanu to set up a gas-processing plant.
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Analysis: Staring at an increasing resource crunch
In a country where minerals are reported as scarce, comprehensively mapping and identifying available natural minerals will result in a major upward revision of our estimates how much can be mined indirectly curbing illegal mining. Puneet Goel writes.
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Delhi Metro gets UN certification
Delhi Metro has been certified by the United Nations (UN) as the first metro rail-based system in the world to get carbon credits for conÂtributing to the fight against climate change by help reduÂcing pollution levels in the city by 6.3 lakh tonne every year.
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Crude oil production up
India’s crude oil production rose by 1.6 per cent in August to 3.24 million tonne as higher output from Cairn India operated Rajasthan fields offset the decline at the state oil and gas explorer ONGC’s assets. Cairn’s Rajasthan oilfields produced 542,000 tonne, 1.8 percent more than August 2010. On the other hand, ONGC saw a decline in output by 1.1 percent to 2.03 million tonne.
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Sahara enters O&G sector
The Sahara group has entered the oil and gas sector with the purchase of EnSearch Petroleum Pvt Ltd from Vinay Maloo-promoted Enso Group. EnSearch Petroleum has 13 assets in its portfolio with a net combined acreage of around 33,207 sq. km.
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Essar to explore CBM overseas
Essar Group is keen to use its expertise to prospect for coal-bed methane (CBM) overseas, and is looking to enter into strategic partnerships with other oil and gas companies to do this.The group is in talks with four of China’s largest oil and gas producing companies.
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RIL withdraws from Oman
Reliance Industries (RIL) has withdrawn from an offshore oil exploration block in the Sea of Oman.