The Petroleum Ministry has floated a note for the Cabinet Committee on Economic Affairs for auctioning 69 small and marginal oil fields
Category: Oil & Gas
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PSUs to invest another $6 bn in Mozambique
Government-owned oil exploration and marketing companies would invest another $6 billion (Rs 38,000 crore)
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46 districts to see city gas rollout in 2015-16
In a move that would give 46 new districts in the country gas distribution networks in 2015-16, downstream regulator Petroleum and Natural Gas Regulatory Board (PNGRB)
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ONGC will see production growth
Oil and Natural Gas Corporation Limited (ONGC), the country´s largest oil and gas exploration firm
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Milestone Feat
AFCONS has carved a niche for the company by becoming the first Indian EPC contractor for installing a process platform for ONGC using float-over technology on time.
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Tapti field shows signs of early dry-out
The Tapti gas field, part of the Panna-Mukta-Tapti asset in the west coast of India, has started showing signs of a rapid early decline in output. According to the latest estimates, the field, which was earlier expected to produce till the end of the next financial year, might see production end by June.
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Ministry allows R-LNG supply to RCF units
The Fertiliser Ministry has allowed swapping of natural gas from the KG-D6 reserve being supplied to Rashtriya Chemicals and Fertilizers (RCF) units located in Maharashtra with R-LNG, thereby facilitating an additional supply of 2.2 mmscmd to Andhra Pradesh and Telangana, according to an official release.
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Guj govt unable to start gas production
The Gujarat Government has admitted in the Legislative Assembly that it was facing several technical difficulties in its oil and gas exploration project in Krishna-Godavari basin, leading to delay in start of commercial production.
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Govt okays Rs.5,085 crore in oil subsidy
The government has sanctioned Rs 5,085 crore in oil subsidy for the December quarter, less than one-third of the revenue lost on LPG and kerosene sales. A total of Rs 15,981 crore in revenue was lost by fuel retailers on selling public distribution systems (PDS) kerosene and domestic LPG at government-controlled rates in October-December.
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RIL challenges Govt´s decision on gas discovery
Reliance Industries has slapped an arbitration notice challenging the Oil Ministry´s decision to take away 814 square km (sq km) of its eastern offshore KG-D6 area that contained five gas discoveries.