Oil and Natural Gas Corporation (ONGC) plans to invest about Rs 26,000 crore in putting 50 onshore and offshore fields on production, 49 through inhouse efforts and one through service contract.
Tag: natural gas
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DGH to be more transparent
The Oil Ministry has decided to implement recommendations of an expert panel in the Directorate General of Hydrocarbon (DGH) and make the Directorate's functioning more transparent.
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Analysis: Natural gas infra is new buzzword
In the next four years, the natural gas transmission capacity will be doubled, placing India in a good position to accomplish the goals set by energy planners and to transport the increased natural gas availability which is expected to reach 375 mmscmd by 2015.
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Towards market – driven prices
The oil ministry's plan to make users of domestic natural gas pay more so that costlier imported LNG finds buyers has been opposed by a high-level committee.
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Shale gas: The new kid on the energy mix block
While we have made good progress with CBM, shale gas presents an opportunity we cannot afford to neglect when looking at a viable option for our energy sufficiency. The government will soon come out with a policy on what is acclaimed as the newfound energy saviour.
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Gas pipeline to boost natgrid
The Petroleum and Natural Gas Regulatory Board (PNGRB) today granted authoĆĀrisation to the State Government-controlled Gujarat State Petronet Ltd-led consortium for constructing the Mallavaram (Andhra Pradesh)-Vijaipur (Madhra Pradesh).
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R-LNG to meet gas demand-supply gap
The demand for natural gas, the cheapest available energy option, is rising exponentially. The current domestic supply of gas is just over 150 mmscmdwhile the demand is around 225 mmscmd.
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Low gas output hits supply
Consumers of natural gas from Reliance IndustriesĆ¢ā¬ā¢ D6 field are facing a pro-rata cut as production has declined to 50.5 mmscmd (million standard cubic meter per day) due to some technical problems in the KG-D6 block.
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Oil prices favor gas cos
The gap between the price of crude oil and natural gas will provide an impetus to a fast shift towards cheaper natural gas.
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Pipeline transport offers lower cost and higher capacities
The initiatives in the nationĆ¢ā¬ā¢s new bid to use gas as a more environmentally acceptable alternative to oil is influencing piping contractors.