India will see an investment of about $20 billion in gas field development in the next 5-7 years and is looking to boost usage of the green fuel and double consumption, Oil Minister Dharmendra Pradhan has said.
Tag: Krishna-Godavari
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ONGC identifies six projects to propel next growth phase
IndiaĂ´s biggest oil and gas explorer, Oil and Natural Gas Corporation, has identified six major field development projects with an investment of Rs 241,881 million (Rs 24,000 crore), in addition to its flagship development project in the Krishna-Godavari (KG) basin, to power the next phase of its growth.
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Guj govt unable to start gas production
The Gujarat Government has admitted in the Legislative Assembly that it was facing several technical difficulties in its oil and gas exploration project in Krishna-Godavari basin, leading to delay in start of commercial production.
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RIL challenges GovtĂ´s decision on gas discovery
Reliance Industries has slapped an arbitration notice challenging the Oil MinistryĂ´s decision to take away 814 square km (sq km) of its eastern offshore KG-D6 area that contained five gas discoveries.
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ONGC sees 25-30 mscmd from east coast gas block
Oil and Natural Gas Corporation (ONGC) expects peak gas output of 25-30 million standard cubic metre per day (mscmd) from its block off the country's east coast, Exploration Director NK Verma said. Gas production from the deep water block in the Krishna Godavari (KG) basin will begin in 2017. The northern part of the block holds over 2 trillion cubic feet (tcf) of gas, Verma said.
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Panel clears $4 bn investment plan of RIL, partners
At a recent meeting, a block management committee approved the proposed investment of $4 billion by Reliance Industries and its partners to produce natural gas from the D34 blocks in KG-D6 basin. The partners of RIL in this venture are BP Plc and Niko Resources. D34, which is part of the R-Series gas-field in the block, was declared commercially viable. R-serie
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ONGC prepares DoC for deepwater block
State-run exploration firm Oil and Natural Gas Corporation (ONGC) is preparing the Declaration of Commerciality (DoC) for its deepwater discoveries in the Krishna Godavari Basin. The company would soon submit the DoC to the Directorate General of Hydrocarbons for approval. A DoC is necessary to develop any discovery. The com
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Lack of gas supply renders power plants idle
Power Minister Jyotiraditya Scindia said 12 power projects, with a total generation capacity of 2,978.62 mw, are lying idle because they don't receive natural gas from Reliance Industries' KG-D6. During first and second quarter of 2013 (till August 19, 2013), these projects, which are solely dependent on gas supply from KG-D6, did not
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Govt to ascertain hoarding allegation against RIL
The government is taking steps to ascertain whether Reliance Industries (RIL) hoarded natural gas produced from KG-D6 field in anticipation of higher prices. In this regard, the government plans to appoint a reputed independent consultant. If the consultant feels that RIL hoarded gas in anticipation of higher prices, it wou
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Govt to ascertain hoarding allegation against RIL
The government is taking steps to ascertain whether Reliance Industries (RIL) hoarded natural gas produced from KG-D6 field in anticipation of higher prices. In this regard, the government plans to appoint a reputed independent consultant. If the consultant feels that RIL hoarded gas in anticipation of higher prices, it wou