Oil Minister S Jaipal Reddy said that India will launch its first-ever bid round for exploration of shale gas by December 2013. Six basins, namely Cambay, Assam-Arakan, Gondawana,KG onshore, Cauvery onshore and Indo Gangetic basins, have been identified that may have shale gas potential.
Category: Oil & Gas
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GSPL bags Bathinda-Srinagar pipeline project
Gujarat State Petronet (GSPL) has been awarded the Rs 855-crore Bathinda-Jammu-Srinagar gas pipeline project by the Union government.This was revealed at a high level meeÂting of officers chaired by Chief Secretary Madhav Lal, who reviewed 750-km long Bathinda in Punjab via Jammu to Srinagar gas pipeline project in Mumbai.
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Gas production down for 14th straight month
The domestic gas production stood down for the 14th straight month in January due to the continuous drop in Reliance Industries-operated Krishna Godavari Basin D6 block output.The output fell by 8.9 percent year-on-year at 3.963 billion cu m. Reliance Industries has told the government that natural gas production at the producing fields in the bloÂck was likely to fall.
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BG Group's stake in GGCL
The Adani group and state-run oil companies have signed confidentiality agreements to bid for the controlling stake of the BG Group in Gujarat Gas Co (GGCL).
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Mozambique gas in India
Videocon Industries, which has 10 per cent interest in a Mozambique oil and gas block operated by joint venture partner Anadarko Petroleum, wants to bring its share of gas to India and sell it.
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More oil from Bahrain
Bahrain plans to augment the export of crude oil and finished products to India. In return, the country plans to benefit from the expertise of Indian manpower in the oil and gas sector.
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Abu Dhabi Gas Ind-L&T deal
The Abu Dhabi Gas Industries signed an agreement with Larsen & Toubro for construction of a gas pipeline in the country.
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OVL gets breather
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
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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.