The Australian Petroleum Production & Exploration Association (APPEA) released this Asia-Pacific Gas Market Growth report which is undertaken by PricewaterhouseCoopers for APPEA under the
auspices of the Asia-Pacific Partnership on Clean Development and Climate (APP).

HYDERABAD: The stage is being set for Andhra Pradesh government to enter into oil and gas exploration and production (E&P) business.

Clearing the decks for floating a new corporation on the lines of the Gujarat State Petroleum Corporation from its side, the AP Industrial Infrastructure Corporation on Tuesday formally decided to enter into a joint venture agreement with the AP Genco.

THE GOVERNMENT will relaunch the country's largest-ever auction of oil and gas blocks on August 8 and will extend the last date of bidding by two months to mid-October.

With the finance minister, Mr Pranab Mukherjee restoring tax breaks for natural gas, the government will relaunch the nation

Anil AmbaniThe Anil Ambani-led Reliance Natural Resources Ltd (RNRL) has appealed to the Supreme Court to restrain Reliance Industries Ltd (RIL) from supplying natural gas up to 40 million metric standard cubic metres a day (mmscmd) to any party other than itself.

GANDHINAGAR: The Gujarat government has claimed that the top state public sector undertaking (PSU), Gujarat State Petroleum Corporation (GSPC) has discovered a whopping gas reserve of 10.8 trillion cubic feet (TCF) in the Deen Dayal block allocated to it for gas-and-oil exploration in the Krishna Godavi basin, off Andhra coast.

June 29: The Krishna-Godavari basin has been a potential zone for extraction of oil and gas for a long time. The ONGC started exploration for oil and gas in the KG Basin in April 1977, and drilled its first well near Narasapuram in 1978, and discovered gas.

June 29: The AP High Court on Monday directed the ministry of environment and forests (MoEF) to find out whether there is any possibility of land subsidence due to exploration of natural gas in the Krishna-Godavari basin.

June 29: The issue of land subsidence due to the over-exploitation of oil and gas, in both onshore and offshore projects, has become a contentious issue in the Krishna-Godavari basin. While environmentalists have raised concerns over land subsidence, geologists discount any such possibility.

Arctic nations are promising to avoid new "Cold War" scrambles linked to climate change, but military activity is stirring in a polar region where a thaw may allow oil and gas exploration or new shipping routes.

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