Government has completed 95 per cent work on the Permude underground rock caverns for crude oil with a storage capacity of 2.5 million metric tonne of crude oil, media reports indicate. The project was originally slated for completion in September last year, but it is expected to be completed by the end of 2013. From May, government would begin work on laying a 12-km pipeline from Thokur to Perm
Tag: oil and gas
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Govt lays 12,650 km gas pipeline
The Minister of Petroleum & Natural Gas M Veerappa Moily informed the Lok Sabha recently that for transporting natural gas across the length and breadth of the country, a cross-country pipeline network is being laid throughout the country. Presently, there are around 11,500 km of natural gas pipelines across the country and another 12,650 km of pipeline infrastructure is under various stages of imple
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CCI to address issues on oil and gas blocks
Cabinet Committee on Investment (CCI) would sort out the defence related issues in starting exploration on some of the oil and gas blocks, Planning Commission Deputy Chairman Montek Singh Ahluwalia said. Ministries of defence and oil are asked by the committee to sort out issues like exploration area overlapping with proposed Naval base or being close to missi
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Minister asks secretary to address RIL issue
Union Petroleum Minister Veerapa Moily asked the newly appointed oil secretary Vivek Rae to take steps to resolve the difference of opinion between Reliance Industries (RIL) and the Comptroller and Auditor General (CAG). Following the direction, Rae is reportedly making efforts to resolve some differences between the company and the auditor
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CAG to conduct comprehensive audit
The Comptroller and Auditor General (CAG) will conduct two separate "performance audits" in the oil and gas sector. The first one pertains to the government's role in the supply and pricing of natural gas between 2007-08 to 2011-12, which will cover the pricing of RIL's KG-D6 gas, its allocation to various consumers and supply cuts due t
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India estimated to have 1.6 tn cubic feet of shale gas reserves
According to an estimate by the US Geological Survey, India has 1.6 trillion cubic feet of technically recoverable shale gas in the provinces of Bombay, Cauvery and Krishna-Godavari. The gas is largely concentrated in six areas - Cambay (in Gujarat), Assam-Arakan (northeast), Gondawana (central), KG onshore (Andhra Pradesh), Cauvery onsh
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Ministries take efforts to clear blocks
Union ministry of defence and the ministry of petroleum are taking efforts to arrive at a workable solution in respect of granting security clearance to the "No Go" blocks, a joint report by the ministries said. Both the ministries are taking efforts keeping in mind the best practices in other countries as well as options for appropriate ring-fencing and a coordinated mech
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Reworking GAIL’s pipeline project may raise cost
According to sources close to the development, the cost of the Rs 3,263 crore Kochi-Bangalore-Mangalore Pipeline (KKBMPL) being implemented by GAIL may escalate in case of re-alignment. Farmers in Tamil Nadu are protesting against the a section of the project, which passes through their farmland and this prompted the company to consider re-align
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ONGC seeks nod for drilling well in West Bengal block
Oil and Natural Gas Corporation (ONGC) applied to the West Bengal government for necessary approval for drilling two exploratory wells in Ladhi and Dangi villages near Chakaliya in Uttar Dinajpur district. ONGC secured the area in Uttar Dinajpur, which falls under Block PA-ONN-2005/1 of the Purnea basin, during the s
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Oil firms term pricing formula of Rangarajan panel as “defective”
Oil and gas exploration companies submitted their views on the recommendations of the C Rangarajan committee on natural gas pricing to union petroleum ministry. The companies argue that linking the price of domestic natural gas to that prevalent in gas-surplus economies is defective