State-owned Oil and Natural Gas Corp (ONGC) has approved signing of a preliminary agreement to buy a stake in Gujarat government firm GSPC´s KG basin gas block, according to a reportin the Business Line.
Tag: GSPC
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ONGC approves stake in GSPC gas block
The board of state-owned Oil and Natural Gas Corp (ONGC) has approved signing of a preliminary agreement for buying a stake in Gujarat government firm GSPCÂ’s KG basin gas block, reports Business Line.
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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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Centre overrules GSPC´s demand for $8.5 gas price
The Centre has overruled Gujarat government-owned firm GSPC´s demand for a gas price of $8.5 for its KG basin Deendayal field, saying the approved rate of $5.05 will apply to the company.
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The new gas pricing policy is a step in the right direction
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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GSPC Gas to pick up stake in Vadodara Gas
GSPC Gas, a subsidiary of Gujarat State Petroleum Corp (GSPC), is looking to pick up stakes in Vadodara Gas Co (VGCL)
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Gujarat Gas in pact with GSPC
Gujarat Gas Co (GGCL) has executed a long-term gas supply contract with its parent Gujarat State Petroleum Corporation (GSPC) for the purchase of 0.65 million metric standard cubic metre per day (mmscmd) for next 12 years. Under the agreement, GSPC will supply imported re-gassified liquefied natural gas (R-LNG) to GGCL from 1 January 2014 up to 1 July 2025. The move is seen as a major relief for GGCL, as it will get assured gas supply for a long period.
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Power plants may get gas from new fields of ONGC, GSPC
By 2016, natural gas-based power plants may get about 6-10 million standard cubic feet per day (mscmd) of gas from the new fields of ONGC (Oil and Natural Gas Corp) and GSPC (Gujarat State Petroleum Corp). Supply of gas from these new fields may compensate partially the shortage of gas owing to reduction in output from Reliance Industries (RIL)Â’s KG-D6
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GSPC JV to rope in strategic investor for LNG terminal project
Gujarat State Petronet Corporation (GSPC) and Adani Enterprises (AEL) are jointly setting up a liquefied natural gas (LNG) terminal at Mundra in GujaratÂ’s Kutch district. The joint venture is in the process of roping in a strategic investor for 25 per cent stake in the project. It is learnt that eight firms, including India Gas Solutions, the joint
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Additional gas to be made available by ONGC, GSPC
ONGC and GSPC would be able to produce about 4-5 mmscmd of additional natural from their fields in 2013-14. A similar additional volume may be available in the next fiscal and a further 2 mmscmd from GSPC in 2015-16. This additional output will have to make up for fall in KG-D6 this fiscal and the next as also meet 3.8 mmscmd need of 5 newly converted fertiliser plants for whom allocation had previously been approved by the cabinet and