Public sector major Oil and Natural Gas Corp (ONGC) has announced that there have been three new oil and gas discoveries in one each of the Krishna-Godavari Basin, Cauvery basin and Mumbai offshore, which allows an interim dividend of 100 per cent to its shareholders.
Tag: Krishna Godavari basin
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ONGC’s G-1 plans
By September 2013, ONGC plans to begin oil and gas production from G-1 marginal field, the first deepsea asset in Krishna-Godavari basin off Andhra coast.
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Shale gas soon from KG basin in AP
The Krishna-Godavari basin could soon become the new source of shale gas, which promises to provide energy for the next 200 years. The KG basin is one of the few places identified in India for exploitation of shale gas. The potential deposits of shale gas in the country has been estimated at between 600 and 2,000 trillion cubic meters.
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Gas output in KG-D6 declines further
IndiaÂ’s biggest gas producing fields in the Krishna Godavari basin (KG-D6), controlled by Mukesh Ambani-led Reliance Industries (RIL) and UKÂ’s BP, has reached its lowest output levels since its inception.
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ONGC to sell stake
ONGC will shortly farm out nearly 26 per cent stake in its KG-DWN-2004/6 block in the Krishna-Godavari basin to Japan’s Inpex Corporation.
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Gas production down for 14th straight month
The domestic gas production stood down for the 14th straight month in January due to the continuous drop in Reliance Industries-operated Krishna Godavari Basin D6 block output.The output fell by 8.9 percent year-on-year at 3.963 billion cu m. Reliance Industries has told the government that natural gas production at the producing fields in the bloÂck was likely to fall.
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ONGC invests Rs 24,890 cr
Oil and Natural Gas Corp (ONGC) said that it is investing Rs 24,890 crore in developing marginal oil and gas fields to make up for fall in production at old and ageing properties.
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MAT will inhibit export growth
GMR Group is one of the few developers that is gung ho on SEZs. Their Rs 26,000 crore SEZ, coming up in Kakinada, Andhra Pradesh, is being constructed at full pace in the face of scepticism and uncertainty regarding SEZs in the country.
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MAT will inhibit export growth
GMR Group is one of the few developers that is gung ho on SEZs. Their Rs 26,000 crore SEZ, coming up in Kakinada, Andhra Pradesh, is being constructed at full pace in the face of scepticism and uncertainty regarding SEZs in the country.
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More oil from Ravva
Cairn India has increased its production from offshore Ravva oil field by 16,000 barrels of oil per day (bopd), according to a company official.
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