Co hopes to finalise equity deal by this month-end for its KG block that lies next to RIL’s D6 field

In a significant decision, the Prime Minister’s Office (PMO) has directed the Petroleum and Natural Gas Ministry to carry out a revamp of the Directorate-General of Hydrocarbons (DGH) within three months with focus on strengthening its technical, legal and financial aspects to make it a world class body for better negotiation and monitoring capabilities.

The decision to strengthen the DGH comes in view of the increasing number of production-sharing contracts (PSCs), cases of arbitration and other legal matters.

Drawing India into the South China Sea muddle, China has put up a Vietnamese petroleum block under exploration by an Indian oil firm for global bidding.

The major reason for production shortfall was delays in project implementation by ONGC and Cairn Energy

India missed oil and natural gas production targets by a wide margin due to fall in output at Reliance Industries' KG-D6 fields and delays in implementation of project by ONGC, according to Planning Commission. "Against crude oil production target of 206.73 million tonnes in 11th (Five Year) Plan period (2007-12), the anticipated achievement is 177 million tonnes, i.e. 14% below the target," the Plan Panel's draft note on Energy for the current 12th Five Year Plan period (2012-17) said.

Mumbai The consortium comprising Gujarat State Petroleum Corporation (GSPC), Oil and Natural Gas Corporation (ONGC), Bharat Petroleum (BPCL) and Oil India (OIL) is likely to sweeten its bid for Bri

Agartala: The first unit of ONGC-Tripura Power Corporation’s 726 MW gas-based power plant at Palatana in southern Tripura will start generation by September, officials said here on Monday.

On Monday, ONGC started supplying natural gas to the plant through a 54 km-long pipeline. Before the commercial generation of electricity from the unit, trial runs would be conducted during this month-end, ONGC Tripura Power Company Limited (OTPC) Managing Director, Sudhindra Kumar Dube said.

ONGC-Tripura Power Corporation is a 726.6 MW gas-based power project

ONGC's Tripura unit would start releasing gas tomorrow to the ONGC-Tripura Power Corporation (OTPC) for the first phase of the 726.6-MW gas-based power project at Palatana in Gomati district, official sources said today. K Satyanarayana, manager, ONGC, Tripura Asset, will inaugurate the event tomorrow, officials said and added the first unit is likely to start generation by August.

ONGC has received 121,207 carbon credits for its 51 MW wind power project at Bhuj in Gujarat, the company said in a statement.

Power situation in the city is likely to improve soon with Reliance Industries Ltd. agreeing to supply gas to the Bawana power plant, built at a cost of Rs.4,500 crore, to facilitate generation of 750 MW of power.

“Reliance Industries Ltd. has agreed to supply the gas to the plant. The nitty-gritties of the final gas purchase agreement is being finalised,” a top official of the Delhi Government said.

More than six months since it has received expression of interests (EoI) from private operators, ONGC now proposes to farm out operating interests in four coal-bed methane assets.