State-run Oil and Natural Gas Corporation (ONGC) has unveiled a Rs.34,000 crore ($5 billion) long-delayed investment plan to develop its KG Basin fields. This will help boost ONGC's oil and gas output by a fifth in about four years.
Category: Oil & Gas
Post
Post
Panel to review Odisha-IOC pact
The Odisha Government said a committee has been set up under the Chairmanship of the Secretary of Petroleum and Natural Gas Ministry to review its agreement with Indian Oil Corporation.
Post
Strategic petroleum caverns to be ready by May
The Indian Strategic Petroleum Reserve Ltd (ISPRL) will complete construction of the caverns in Mangaluru and Padur by March and May 2016 respectively.
Post
GAIL, IOL team to visit Iran in March for gas pipeline
The long proposed $4.5 mln undersea gas pipeline between Iran and India is likely to get some momentum.
Post
India´s oil demand to be highest: IEA
According to the IEA´s World Energy Outlook-2015 report, India´s oil demand is projected to grow by 6 mln barrels per day (mb/d) from 3.8 mb/d in 2014 to 9.8 mb/d by 2040.
Post
Govt refiners join forces for oil deals
Government refiners are jointly negotiating oil purchase deals with OPEC producers as the world´s third biggest consumer seizes on low prices to wrest better terms.
Post
ONGC gets green panel nod in Tripura
The Centre´s green panel has given approval to ONGC for developing 30 wells and other infrastructure in Tripura, with investment of Rs.758 crore.
Post
Is the Project Plan Just a Pretty Picture on a Wall?
Even though the pressure to deliver projects on time is intensifying, most players within the oil & gas, utilities, construction and contracting industries still seem reluctant to integrate the project plan with the other systems and functions in the business.
Post
Punj Lloyd wins orders worth Rs.2,070 cr in Oman
Engineering, procurement and construction (EPC) major Punj Lloyd won orders worth Rs.2,070 crore in the oil & gas sector from Oman Oil Refineries and Petroleum Industries Company (ORPIC) and Oman Gas Company (OGC) earlier in February.
Post
Sudan offers OVL 3 more oil & gas blocks for exploration
Sudan has offered ONGC Videsh Ltd three more oil and gas blocks for exploration and production and invited Indian firms to set up a coastal refinery to boost fuel supplies to the African continent.