India and the US have signed an agreement for cooperation in the field of shale gas. The memorandum (MoU), signed in Mumbai on Saturday, will enable India to commence exploration for this and reduce its heavy dependence on imported energy sources.

New Delhi: ONGC plans to invest over $10 billion to develop its new gas field in the KG basin for production. ONGC aims to develop the KG basin through four different projects.

Ajay Modi / New Delhi September 27, 2010, 0:34 IST

The government will launch the ninth round of the New Exploration Licensing Policy (Nelp-IX), which will see an auction of around 35 oil and gas blocks, on October 18, with a road show in Mumbai. Some of these blocks could be from the eighth round, for which no bids were received.

Reserves estimated at 1.5 trillion cubic feet.

Australia

The total in-place reserves put at 20-30 trillion cubic feet
Company holds 45 % interest in Cambay field
Estimates not endorsed by Central Government

NEW DELHI: In a major boost to the energy security campaign, Australia's Oilex Ltd.

Ahmedabad: State-owned Gujarat State Petroleum Corporation (GSPC)-led consortium has made a huge natural gas discovery in the Cambay basin. Industry estimates suggest the total resource base in the basin may be in the region of 20-30 trillion cubic feet (tcf), almost equivalent to that of Reliance Industries

Kohima, July 25: To safeguard the special provisions granted to Nagaland under Article 371 (A) of the Constitution from further dilution, the government today moved a resolution in the state Assembly for framing fresh modalities and rules on exploration of mineral wealth, particularly petrol and natural gas.

Arijit Barman & Kalpana Pathak / Mumbai June 25, 2010, 0:19 IST