India will soon launch the second round of auction of discovered oil and gas fields of state- owned ONGC and Oil India Ltd, Oil Minister Dharmendra Pradhan said today.
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.
India is putting its aggressive program to sharply reduce oil and gas imports over the next 5 years to the test with an upcoming bidding round aimed at winning back international oil companies with the skills and money to make major discoveries.
State-owned ONGC has began exploration works in northeast India to attract more gas based industries in the region, top official said.
India’s domestic gas prices may stop falling for the first time two years, a welcome relief for the country’s energy explorers.
ONGC has no further role with the proposed hydrocarbon extraction project at Neduvasal and its surrounding villages in Pudukkottai district, said top officials from ONGC based in Karaikal
The Union Cabinet’s decision on Wednesday to grant extension to production sharing contracts for 10 blocks will benefit Cairn India Ltd (CIL)
In what may come as a relief to Cairn India and encourage it to increase the pace of investment, the Vedanta group company’s prolific Barmer oil and gas block has been granted an extension of 10 years or economic life of the field
The board of state owned behemoth Oil and Natural Gas Corporation Limited (ONGC) last month approved the development of R-series fields with a capital cost of Rs 4,104.63 crore, petroleum minister Dharmendra Pradhan informed Rajyasabha.
India’s Oil & Natural Gas Corp. is wading into deep waters where energy giants BP Plc and Reliance Industries Ltd found a sea of trouble.