Tuesday, August 27, 2013 - Karachi—The government is committed to provide all sort of support to oil and gas exploration activities with a motive to develop local energy resources to cater to growi

Another PIL has been filed in the Supreme Court seeking cancellation of the contract awarded to Reliance Industries Ltd (RIL) and Canada-based NIKO Resources for exploration and production of natur

According to ONGC's proposal initially five exploratory wells will be drilled at the Kutch-Saurashtra offshore block
ONGC

Oil and Natural Gas Corporation (ONGC) Ltd has got environment clearance (EC) for its Rs 580 crore project to drill seven exploratory wells in Kutch Saurashtra offshore block GK-OSN-2009/2 on west coast of Gujarat.

Over the last few months, the ministry of petroleum and natural gas (MoPNG) has cleared around 200 pending management committee (MC) resolutions involving oil and gas blocks operated by both public

Shale gas will continue to remain a largely regional resource over the next 1-3 years and is unlikely to ease the supply scenario in India, a recent survey said.

The Tripura government is encouraging exploration agencies, including state-owned companies ONGC and GAIL, to go for massive gas exploration drive in the state.

The death toll from two separate colliery accidents in south-west China has risen to 40, even as the authorities blamed illegal mining for the tragedies.

Cairn India has written to the oil ministry stating that a large portion of its KG basin block is not conducive for exploration as the cabinet committee on investment (CCI) retained ‘No Go’ restrictions on the middle part of the diagonally square block.

The CCI had earlier this year lifted the defence ministry's ‘No Go’ restrictions on just a portion of its KG-OSN-2009/3 block.

Domestic gas prices may be fixed at $2 lower than the $8.8-per-unit price discovered by the Rangarajan commitee constituted to suggest changes in the production-sharing contract and future domestic gas-pricing mechanism.

Sources said the oil ministry agreed to the basic principle of gas pricing suggested by the panel, but wants it to be modified slighty to also take into account gas prices in countries such as Malaysia, Saudi Arabia, Qatar and Nigeria that account for a major portion of India's liquified natural gas imports.

New Delhi: Reliance Industries (RIL) may this month win approval for $1.45-billion investment for developing a natural gas find it has made in a Cauvery basin block off the Tamil Nadu coast several years ago.

RIL had made the only discovery in the CY-DWN-2001/2 block in 2007 and had submitted a Declaration of Commerciality (DoC) for the find, which was named D-35, in March 2010 after it carried out drilling of an appraisal well. But the DoC, a pre-requisite for developing any discovery, was never approved by the Directorate General of Hydrocarbons (DGH) which said the find was not viable at $4.2 per million British thermal unit (mBtu) gas price.