According to a company statement, Cairn India commenced drilling of the first exploration well, after a gap of more than four years, in the prolific Barmer Basin in its Rajasthan oil and gas block. The move to drill well follows the endorsement of the exploration Work Programme for the Rajasthan Block (RJ-ON-
Category: Oil & Gas
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Oil, defence ministries discuss clearance to 39 blocks
The Minister of State for Petroleum & Natural Gas PanabaakaLakshmi informed the Lok Sabha that as per the directives of Cabinet Committee on Investments (CCI), meetings are being held to resolve the issue of Ministryof Defence (MoD) placing restrictions on exploration and development activities in respect of 39 exploration blocks in offshore areas including Krishna-God
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Oil, defence ministries discuss clearance to 39 blocks
The Minister of State for Petroleum & Natural Gas PanabaakaLakshmi informed the Lok Sabha that as per the directives of Cabinet Committee on Investments (CCI), meetings are being held to resolve the issue of Ministryof Defence (MoD) placing restrictions on exploration and development activities in respect of 39 exploration blocks in offshore areas including Krishna-God
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ONGC yet to decide on selling stake in Cambay block
State-run explorer Oil and Natural Gas Corporation (ONGC) is yet to decide on selling its stake in the Mehsana block in the eastern flank of the Cambay basin of Gujarat to its partner Essar Energy. It is learnt that Essar, which owns 70 per cent stake in the block, wants to take full control of it. The government is learnt to have awarded the block prior to the
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Report on Petronet LNG deal expect in some weeks
According to media reports, a two-member team
appointed by the Petroleum Minister Veerappa Moily, to probe the alleged irregularities in the gas supply deal between Petronet LNG (PLL) and Qatar-based Ras Laffan, would submit its report in some weeks. The team was appointed by the Moily in January as the earlier inquiry ordered by former minister Jaipal Redd
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Sales of Gujarat Gas rises in Dec quarter
The consolidated net sales of Gujarat Gas Company rose to Rs 756.5 crore during the quarter ended December 31, 2012 from Rs 641.5 crore in the year-ago period. The consolidated net profit of the firm rose to Rs 70.6 crore from Rs 25 crore during this interval, Sugata Sircar, Managing
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KPT takes efforts to diversify cargo mix at Haldia
Kolkata Port Trust (KPT) is making efforts to diversify HaldiaÂ’s cargo mix and attract larger volumes of existing cargoes. The port trust intends to diversify the cargo at Haldia because the latter lost over 10 million tonne (mn t) of
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RIL, BP bank on $5 bn investment to reverse fall in output
According to a joint statement from Reliance Industries (RIL) and BP, their jointly proposed $5 billion investment includes testing of a new layer of natural gas under the rapidly depleting fields in the KG-D6 fields. Both the firms agreed to invest jointly of $5 billion in the next few years to boost natural gas output in the flagging Krishna Godavari (KG) D6 basin gradually from 201
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RIL, BP bank on $5 bn investment to reverse fall in output
According to a joint statement from Reliance Industries (RIL) and BP, their jointly proposed $5 billion investment includes testing of a new layer of natural gas under the rapidly depleting fields in the KG-D6 fields. Both the firms agreed to invest jointly of $5 billion in the next few years to boost natural gas output in the flagging Krishna Godavari (KG) D6 basin gradually from 201
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Minister mulls extending Dabhol-Bangalore pipeline
Union Petroleum Minister Veerapa Moily informed that his ministry was thinking of extending the Dabhol-Bangalore gas pipeline between Chitradurga and Mangalore. He said this after commissioning the 1,000 km long gas pipeline between Dabhol in Maharashtra and Bidadi near Bangalore. The pipeline was laid by GAIL at an inve