CS Gundewar, Controller General, Indian Bureau of Mines stressed on the need for more scientific and environment conscious mining by using eco-friendly technologies. He said this while delivering a lecture at the National technology Day programme organsied by the National Environmental Engineering Research Institute (Neeri
Tag: exploration
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Oil India gets green nod for exploration in KG block
Oil India (OIL) received approval from the union Ministry of Environment and Forests ( MoEF) for its proposed exploration activities in KG-ONN-2004/1 block in the Krishna-Godavari basin. According to a letter from the union ministry, OIL has been allowed to conduct prospecting exploration activities over an extent of 55 sq km of forest land in the b
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Cairn finds exploration not feasible in entire KG block
In a letter to the union oil ministry, Cairn India said a quarter of its KG basin block area falling on both sides of "no go area" is operationally not feasible and offered to surrender it to the government. For proper and effective exploration, only 40 per cent of the original contract area of KG-OSN-2009/3 block is feasible, it wrote
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ONGC, Shell to form partnership for overseas ventures
In order to acquire oil and gas assets abroad, oil explorer Shell and Oil and Natural Gas Corp (ONGC) are considering to forge a partnership. Recently, both the firms said they are keen to come together to explore both upstream and downstream opportunities domestically. Some reports suggest that both the firms would extend this partnership to overseas proje
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Iran offers production sharing contracts to Indian firms
Media reports indicate that Iranian Foreign Minister Ali Akbar Salehi offered production sharing contracts (PSCs) to Indian the oil and gas exploration companies that are investing in the Persian gulf nation. The country's foreign minister is learnt to have made the offer during an India-Iran Joint Commission meeting with
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TECA wants govt to allot land for solar projects in industrial estates
Tamil Nadu Electricity Consumers Association (TECA), Coimbatore requested the state government to allot land in each of the proposed industrial estates for solar power generation. It may be noted that the state government proposed to set up new industrial estates in the southern districts. D Balasundharam, President of TECA pointed out that these industrial estates would have electrical sub-stati
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Oil secy urges officals to act fast on approvals
Following a grim assessment by the Directorate General of Hydrocarbons (DGH), Union Petroleum Secretary Vivek Rae urged officials in his ministry to act fast on clearing oil and gas projects. It may be noted that the oil ministry's technical arm DGH said officials of the ministry are yet to clear 268 files relating to various projects for
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Firms await outcome of EGoM meet on gas allocation
Industry players are awaiting the outcome of the impending meeting of the empowered group of ministers (EGoM) to discuss the allocation and pricing of natural gas. During the meeting, the ministerial panel would discuss two separate proposals, one for raising prices of gas produced by blocks auctioned under new exploration licensing policy (Nelp) and the other for allocation of gas prod
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ONGC board approves Rs 11 bn turnaround project
P Lakshmi, Minister of State for Petroleum & Natural Gas informed the Lok Sabha that ONGC Board has recently approved a turnaround or reconstruction project in Bassein fields in its meeting held on March 20, 2013, at an estimated cost of $207 million (Equivalent to Rs 1,138.50) with scheduled completion by April 2015. Further, she said, with implementation of various rede
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Cairn India may upgrade reserve estimate
Some analysts expect Cairn India to upgrade crude oil reserves in its prolific Rajasthan field in the next two-three quarters led by higher exploration and drilling activities. It may be noted that the government allowed the company to conduct additional exploration in place. The com