The Union government may auction six shale gas blocks, with estimated reserves of over 50 billion cubic metres, this year. When it happens it will become India's first auction of exploratory blocks for this fuel. Of the six blocks, two most prolific blocks are in the Ranigunj coalfields of the Damodar basin in West Bengal. The others are in Jharia, also in the Damodar basin, and in the Cauvery basin in the south India.
Tag: Cauvery Basin
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RIL, BP announces new gas discovery in Cauvery basin
Reliance Industries and BP Plc on August 23 have announced that they have discovered a new gas condensate off the east coast of India in the Cauvery basin.
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Moily says gas price hike key for tapping new reserves
Union Minister for Petroleum and Natural Gas Marpadi Veerappa Moily has said that due to the increase in gas price, new hydrocarbon blocks in Tripura and Cauvery basin will become commercially viable. Even the Directorate General of Hydrocarbons has said that a price of more than $4.2 per million British thermal unit (mBtu) was required to make some of the gas discoveries commercially viable. These reserves are currently lying untapped due to the current gas price of $4.20 per million British th
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Hardy Oil & Gas secures extension of license
Hardy Oil & Gas succeeded in obtaining the extension of its exploration licence for the the CY-OS/2 block in Cauvery basin for a further three years from the date on which the block is restored. Ian MacKenzie, Chief Executive of the firm said as operator of the CY-OS/2 block, the firm was looking forw
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Hardy Oil & Gas secures extension of license
Hardy Oil & Gas succeeded in obtaining the extension of its exploration licence for the the CY-OS/2 block in Cauvery basin for a further three years from the date on which the block is restored. Ian MacKenzie, Chief Executive of the firm said as operator of the CY-OS/2 block, the firm was looking forw
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RIL to appraise discovery in Cauvery basin
Reports indicate that Reliance Industries (RIL) would appraise its discovery in the Cauvery basin and submit a field development plan to the government. This follows issuance of approval letter by government to the operator (RIL) to appraise the discovery. The move is expected to enable the company extend its deep-water portfolio beyond the controversial D6...
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OIL explores hydrocarbons
Oil India (OIL) made its foray into the Cauvery Basin by initiating seismic surveys in its offshore block to locate possible areas for exploration of hydrocarbons.
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OIL eyes Cauvery Basin
Oil India (OIL) has set its eyes on the Cauvery Basin to start its first offshore exploration activity as an operator under the NELP regime.