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.
Category: Oil & Gas
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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.
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´Ease rules for TAPI project´
With the construction of the $10 billion TAPI pipeline stuck for want of a credible operator, India has pressed Turkmenistan to relax its domestic law to help get an international firm for building the project.
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ONGC disinvestment unlikely this fiscal
The disinvestment of 5 per cent stake in State-run ONGC appears unlikely this fiscal as the liquidity situation in the market is under stress after recent mega share sales while the subsidy issue remains unresolved.
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Leading Leader
Tushar Mehendale is Managing Director of ElectroMech Material Handling Systems. Over the last 35 years, ElectroMech has developed a strong dedicated workforce of more than 500, and since 1999, Mehendale has been leading this team.
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The new gas pricing policy is a step in the right direction but more is needed
The government has highlighted Oil & Gas (O&G) as a priority sector as part of its ‘Make in India’ campaign. The focus in O&G will be on Oil Field Services and Equipment (OFS). An interesting model could be Malaysia and Dubai kind of service hubs on the east coast and west coast of the country.
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India to commission 5-mt underground oil storages
India has decided to commission over 5 million tonnes (mt) of underground crude oil storages by October to ensure uninterrupted oil supply to the nation for about two months in the case of disruptions in imports from oil producing countries due to geopolitical reasons.