According to a joint statement from Reliance Industries (RIL) and BP, their jointly proposed $5 billion investment includes testing of a new layer of natural gas under the rapidly depleting fields in the KG-D6 fields. Both the firms agreed to invest jointly of $5 billion in the next few years to boost natural gas output in the flagging Krishna Godavari (KG) D6 basin gradually from 201
Tag: natural gas
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Minister hopes to unveil shale gas policy in a month
Oil Minister M Veerappa Moily informed media persons that his ministry was in the process of putting out a note on the draft shale gas policy for the consideration of the cabinet. He hopes that his ministry would announce the shale gas policy in a months time. The policy would enable the expl
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Minister commissions Gail’s 1,000 km pipeline project
Recently, Union Petroleum minister M Veerappa Moily commissioned the 1,000-km-long pipeline set up by public-sector gas transmission major GAIL to transport natural gas from Dabhol in Maharashtra to Bangalore. Following this, GAIL started delivering gas to its customers in Bangalore through the pipeline. Toyota Kirlo
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Minister commissions Gail’s 1,000 km pipeline project
Recently, Union Petroleum minister M Veerappa Moily commissioned the 1,000-km-long pipeline set up by public-sector gas transmission major GAIL to transport natural gas from Dabhol in Maharashtra to Bangalore. Following this, GAIL started delivering gas to its customers in Bangalore through the pipeline. Toyota Kirlo
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GSPL expects recovery in volumes
Manish Sheth, Chief Financial Officer of Gujarat State Petronet (GSPL) expressed hope that the gas transmission volume of the company would recover once the global gas prices decline to some extent. In the last 11-12 quarter, the company has been witnessing fall in its volumes because of continuous fall in gas production from KGD6 basin. GSPL's transmission volu
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GSPL expects recovery in volumes
Manish Sheth, Chief Financial Officer of Gujarat State Petronet (GSPL) expressed hope that the gas transmission volume of the company would recover once the global gas prices decline to some extent. In the last 11-12 quarter, the company has been witnessing fall in its volumes because of continuous fall in gas production from KGD6 basin. GSPL's transmission volu
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Niko feels improvement in business condition in India
Edward S Sampson, President and CEO of Niko Resources, the Canadian oil company said the business environment in India appears to have improved significantly as evidenced by the release of a government-appointed committee's report on domestic gas pricing. He said this in a message to shareholders. It may be noted that the firm is jointly exploring hydrocarbon with Reliance Industries in the D6 and NEC-25 blocks.
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Niko feels improvement in business condition in India
Edward S Sampson, President and CEO of Niko Resources, the Canadian oil company said the business environment in India appears to have improved significantly as evidenced by the release of a government-appointed committee's report on domestic gas pricing. He said this in a message to shareholders. It may be noted that the firm is jointly exploring hydrocarbon with Reliance Industries in the D6 and NEC-25 blocks.
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Net profit of ONGC declines 17.5%
The net profit of state-run Oil & Natural Gas Corp (ONGC) fell 17.5 percent during Oct-Dec 2012 to Rs 5,563 crore from Rs 6,741 crore in the same period previous year. The company attributed the contraction in the bottomline to a higher tax on crude oil and fall in its oil and gas output. The cess on crude oil was raised 80 perc
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Aegis Logistics setting up terminal at Pipavav Port
Aegis Logistics is developing the first liquid terminal at Pipavav Port where a new berth for liquid cargo has already been built by the port. Specifically, the port has secured the requisite approvals for setting up a Bulk Liquid and Gas Storage Ter