In a move that may boost oil and gas output in the country, the union petroleum ministry decided to allow exploration in mining lease area with cost recovery on establishment of commerciality, the ministry said in an order. Thus, oil companies would be allowed to explore in already producing areas and all approved exploration cos
Tag: natural gas
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Contractors allowed to explore in mining lease
In a move that may boost oil and gas output in the country, the union petroleum ministry decided to allow exploration in mining lease area with cost recovery on establishment of commerciality, the ministry said in an order. Thus, oil companies would be allowed to explore in already producing areas and all approved exploration cos
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ONGC plans to raise gas output from Tripura
State-run oil explorer ONGC is keen to raise natural gas output from onshore fields in Tripura in order to feed its upcoming 726.6 mw power plant and also to supply its customers. The country's biggest oil and gas explorer plans to raise its output from the fields to 5 million metric standard cubic metre per day (mmscmd). This would be pea
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ONGC plans to raise gas output from Tripura
State-run oil explorer ONGC is keen to raise natural gas output from onshore fields in Tripura in order to feed its upcoming 726.6 mw power plant and also to supply its customers. The country's biggest oil and gas explorer plans to raise its output from the fields to 5 million metric standard cubic metre per day (mmscmd). This would be pea
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GAIL India’s pipeline project faces hurdle
State-run natural gas transmission firm GAIL India is in the process of laying 42 km underground gas pipeline in Tirupur district of Tamil Nadu. However, the project faces roadblock as farmers in the area oppose the work on grounds that they may lose their livelihood.
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ONGC lines up 44 mega projects for 2012-17
Sudhir Vasudeva, Chairman and Managing Director of ONGC informed that the state-run oil and gas explorer would execute 44 mega projects worth about Rs 86,862 crore between 2012-17. Of these projects, 16 would be on-land projects and 28 offshore. Most of the projects are lump-sum turnkey contracts (LSTK)
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Gujarat govt seeks gas at equal price
During his meeting with Prime Minister Manmohan Singh, Gujarat Chief Minister Narendra Modi demanded provision of natural gas to the state at the same rate as places like Delhi and Mumbai. Both the Gujarat government and the central government are locked in a legal battle on allocation of natu
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AP CM requests centre to allocate gas
Andhra Pradesh Chief Minister wants union oil ministry to take immediate steps to ensure sufficient natural gas supply to the state and help overcome the power shortage. The chief minister requested Prime Minister Manmohan Singh to direct oil ministry to boost gas supply for the state. He made this request when he met the Prime
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GAIL mulls foray into shipping sector
State-run Maharatna firm GAIL India plans to foray into shipping business in order to ferry the natural gas that it would source from different countries. The company is yet to decide whether to have its own ships or charter ships. But, it intends to have six to seven ships
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Indian delegation may sign deal with French firm
An Indian delegation led by Petroleum Ministry M Veerappa Moily to the US would discuss and sign the proposed memorandum of understanding (MoU) between GAIL India and FranceÂ’s EDF, reports suggest. GAIL wants to rope in the French firm in order to facilitate gas trading and sourcing in the US. Going forward, GAIL wants the partnership to acquire shale gas ass