The Petroleum and Natural Gas Regulatory Board (PNGRB) today granted authoÂrisation to the State Government-controlled Gujarat State Petronet Ltd-led consortium for constructing the Mallavaram (Andhra Pradesh)-Vijaipur (Madhra Pradesh).
Category: Oil & Gas
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PSU oil cos seek Rs 300 bn for losses
Public sector oil marketing companies have sought Rs 30,000 crore from the government as compensation to level up the revenue loss they suffered last fiscal by selling fuel at government-fixed cheaper rates.
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R-LNG to meet gas demand-supply gap
The demand for natural gas, the cheapest available energy option, is rising exponentially. The current domestic supply of gas is just over 150 mmscmdwhile the demand is around 225 mmscmd.
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State oil cos post record losses
Bharat Petroleum and Hindustan Petroleum will lose a whopping Rs 177,562 crore on selling fuel at government-controlled rates this fiscal, 68 per cent more than what they lost in high-cost 2008-09.
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RIL finds gas, condensate
Reliance Industries (RIL) announced a gas and condensate discovery in the deepwater Cauvery-Palar basin.
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Decline in PMT output
Gas output from the Panna-Mukta and Tapti (PMT) fields has declined by around 30 per cent, putting more pressure on supplies after a fall in Reliance’s production from the D-6 field.
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More oil from Ravva
Cairn India has increased its production from offshore Ravva oil field by 16,000 barrels of oil per day (bopd), according to a company official.
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ONGC to rethink CBM strategy
ONGC is considering fresh strategies for coal bed methane (CBM) development, nearly two decades after initiating exploration and spending hundreds of crores in largely unsuccessful attempts to bring the assets into production.
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ONGC FPO in July
Twice-deferred ONGC’s Rs 11,500 crore follow-on public offer (FPO) is now been scheduled to open 5July.
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More gas for AP
NTPC and Reliance Industries (RIL) will soon enter into a complex deal to ensure supply of more gas to Andhra Pradesh’s power projects.