Government plans to sell 5 per cent of its shareholding in ONGC in the follow-on public offer next month.
In addition to undertaking to validate prospects identified by the joint venture, GCA employed a play-based exploration methodology on the D3 block to address both the current prospect inventory and the 'yet to find' resource potential. In D3, GCA estimated 9.5 Tcf of inplace reseves. D-3 and D-9 blocks in the same KG basin may hold 9.5 Tcf and 10.8 Tcf of gas reserves respectively, UK-based Hary Oil and Gas Plc said.
Ruturaj Gaikwad continued his golden run with the bat with his third half-century in a row to help Chennai Super Kings end on a high, with a hat-trick of victories, even as they failed to make the IPL playoffs for the first time.
India and Pakistan have rejected the gas import price worked out by a consultant appointed by Iran as part of the over $7 billion tri-nation pipeline project.
Reliance Industries' gas field off the Orissa coast holds 2.3 trillion cubic feet of gas reserves, more than double the previous estimates.
Australians can expect a backlash from the top ranked Test side in the world, according to former captain Ricky Ponting.
Mukesh Ambani's Reliance Industries (RIL) might be denied a higher gas price from its D1 and D3 fields until the arbitration process with the government is over and a third-party expert report on the fall in output at the KG-D6 block is out.
The 25-year production sharing contract, however, ends in 2029.
The Management Committee headed by Director General of Hydrocarbons R N Choubey refused to take a view on appointment of renowned reservoir consultants Ryder Scott, DeGolyer and MacNaughton, Gaffney, Cline & Associates or Netherland, Sewell & Associates to ascertain if RIL's claims of fall in reserves are actually true or the firm was hoarding gas by producing less, official sources said.
The enduring images of the Games will be not just the great sporting achievements - from US swimmer Michael Phelps' 28th Olympic medal to Usain Bolt's historic sprint 'triple triple' - but also the organizational problems, empty seats and crime.
A Texas company will submit a report by June on whether a company controlled by RIL 'stole' natural gas from the wells where ONGC is contracted to operate in the KG basin, as alleged by ONGC.