The efforts of ONGC, Tripura Asset to quadruple its gas production target to 6 MMSCMD by 2012 got a major boost with the conversion of 933 sq km Petroleum Exploration License (PEL) area to the oil giant.

This will facilitate the Asset to further intensify the exploration activities in the State, according to an official release.

State run Oil and Natural Gas Corp (ONGC) has bowed to the diktat of the petroleum ministry and approved higher investment in Cairn India

As India continues its struggle to find alternative energy sources to cope with the growing energy demand, it is looking aggressively at cbm (coal bed methane) gas as a source of clean, thermal energy, that is known for its easy inflammability. India currently consumes 140,000 mw of electricity per year, about 55 per cent of which is thermal-based and derived from coal.

Ajay Modi / New Delhi May 27, 2009, 0:53 IST

Central exchequer likely to earn revenues worth Rs 4,400 crore

The government is likely to double the price of natural gas sold through the administered price mechanism (APM) to $4.2 per million metric British thermal unit (mmbtu), which is equivalent to the price that Reliance Industries is getting for its K-G basin gas.

DEHRA DUN: Not content with being Asia

WITH HEIGHTENED concern for global warming at last taking centrestage

NEW DELHI: The Oil and Natural Gas Commission received the

Shishir Prashant / Dehra Dun April 13, 2009, 0:57 IST

Oil and Natural Gas Corporation (ONGC) says it is shelving a proposed wind energy project in Karnataka, but is going ahead with a second one in Gujarat.

FIRST OF ITS KIND: A.K.Hazarika, Director (Onshore), ONGC (second from left),taking a look at the VAP project at the Kuthalam plant of ONGC in Nagapattinam on Wednesday.

Not everybody is enthused by the crashing international crude prices. As prices dip below the strategically-significant $60 per barrel mark, recent investments made in exploration and production (E&P) activities in India could come under a cloud. Investments in E&P have gained momentum since 2006, while crude prices touched a high of $147 earlier this year.

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