Oil and gas exploration and production (E&P) companies in India are seeking to have the natural gas pricing regime revised to allow for the setting of a minimum rate, as a sustained fall in prices is fast eroding the economic viability of operations.
State-owned Oil and Natural Gas Corp (ONGC) has sought a review of the natural gas pricing formula as rates have dropped below cost.
Domestic coal gas can be used as a feedstock for producing urea and other chemicals that can help reduce the country’s import bill by $10 billion in five years and cut carbon emissions, a top official said.
India produced 2,738 million standard cubic meter (mmscm) of natural gas in January 2017, registering a growth of 12 per cent over the same month last fiscal
Petroleum and Natural Gas Regulatory Board becomes dysfunctional due to lack of replacements for retiring members
Lack of replacements for the retiring members in the past one and a half years has left Petroleum and Natural Gas Regulatory Board (PNGRB), the nation’s downstream regulator, with just one member, making the board dysfunctional that can potentially delay the latest round of award of rights to build pipeline in eight districts.
India has the potential to become a much larger producer and consumer of natural gas by 2022, according to a first-of-its-kind Congressional report.
India has the potential to become a much larger producer and consumer of natural gas by 2022 when it is expected to surpass China in terms of population, a first of its kind Congressional report on India’s natural gas said.
Crude oil production during January, 2017 was 3075.41 TMT which is 5.57% lower than target but 1.28% higher when compared with January 2016
Weir Group Plc, a maker of pipes and valves for energy and mining industries, reported a 22 percent fall in full-year pretax profit, hurt by a weak North American oil and natural gas market.
City gas distribution (CGD) networks and pipelines for carrying natural gas and petroleum are essential facilities. Laying of CGD network