The consortium of Oil and Natural Gas Corporation, BG and Reliance will raise the output from Panna-Mukta-Tapti fields in western offshore of the country by 30 per cent at an investment of Rs 2,192 crore or Rs 21.92 billion ($520 million).
The consortium of Oil and Natural Gas Corp, Reliance Industries and BG Group of UK will continue selling gas from Panna/Mukta and Tapti fields to state-run gas firm GAIL
A brief information of trains that have been cancelled or partially cancelled or short-terminated on Friday and Saturday.
French oil giant Total, British oil and gas major BG, the US' Exxon Mobil, and Russia's Gazprom are likely to bid for Indian exploration blocks on offer in the fourth round of New Exploration Licensing Policy.
The departure of Srinivas, the 10th senior executive to exit in the last year, widens a leadership vacuum at Infosys as it searches for a new chief executive.
Arun Vaidyanathan is all set to produce Kalyana Samayal Sadham: The Big Fat Indian Wedding.
A defence spokesman said Pakistani troops resorted to unprovoked firing using small arms and automatic weapons to target 'Indian posts in the BG sector of the LoC in Poonch district'.
None of them had anything to do with the violence at Bhima Koregaon, where they were not even present, points out Aakar Patel.
RIL and Shell ceased production from the fields in 2016, and ONGC has already been using Tapti infrastructure for its other fields for better optimisation.
Faced with a spate of senior-level exits, Infosys co-founder N R Narayana Murthy has written to employees to reassure them that the "leadership changes" will be in the "best interest" of the company.
Cairn India and UK's BG Group too replied to audit observations.
BG Verghese believes that interlocutors should press ahead with a resumption of the peace initiative by Delhi and Srinagar
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The company is in talks with BG India and Italian E&P major, ENI.
Energy-hungry China has signed a landmark $40 billion deal to buy liquefied natural gas (LNG) from Australia for 20 years that Chinese officials say would put the strained relations between Beijing and Canberra back on track.
He also cited media reports that the judge hearing the case has been replaced, and tagged on Twitter the report entitled "Sohrabuddin Sheikh case: Fresh questions as judge who lifted media gag and slammed CBI is replaced".
It is also understood that scope of this audit will far exceed the normal course of audit by CAG and the prime objective may be to detect fraud, if any, by RIL allegedly in collusion with oil regulator DGH and Ministry of Petroleum and Natural Gas.
Railways is testing waters for locomotives to run on lithium-ion batteries, the most common ones used in electric vehicles.
Of the 10 coal bed methane blocks on offer, bids were received only for 8. RIL bid for one block. Of the 24 deep water blocks on offer, bids were received only for eight.
Minister of State for Petroleum and Natural Gas Jitin Prasada, who led the roadshows in the US and Canada, said the roadshows for 70 blocks offered in NELP-VIII and 10 coal bed methane blocks received overwhelming response from investors.
Replying to a calling-attention motion in Rajya Sabha, oil minister Murli Deora said the $4.2 per million British thermal unit price fixed for gas produced from KG-D6 fields of RIL was lower than the average of $5.51 per mmBtu charged by UK's BG-led consortium for Panna/Mukta and Tapti gas. It was also lower than the $4.3 per mmBtu price of gas produced from Cairn's Ravva Satellite fields and $4.75 per mmBtu for the UK firm's Lakshmi fields.
Panna-Mukta field was producing 40,000 barrels of crude oil per day before July 25 when the leakage in the SBM (oil evacuation system) was detected and production was stopped, an industry source said. State-run gas utility GAIL India, which markets the gas produced from the fields, declared a Force Majeaure and effected a pro-rata cut on all its customers.
The company is withdrawing from the blocks due to delays in clearances.
The field is producing 18,000 to 20,000 barrels per day of oil as against 40,000 bpd normal production. Gas output is restricted to 2.5 million standard cubic meters per day as opposed to 5.5 mmscmd in normal times. Panna-Mukta oil and gas field was shut on June 3 morning for maintenance work to prepare for the forthcoming monsoon season. However, when the facility was being restarted that evening, an explosion occurred at Panna process platform killing one.
ONGC Videsh (OVL), a wholly owned subsidiary of Oil and Natural Gas Corporation (ONGC), is eyeing more gas fields in Libya.
UTV Toons has openings at its new animation studio in Mumbai
Reliance Industries Ltd has sought a minimum supply of 3.6 million standard cubic meters per day of gas for its petrochemical plants from the Panna/Mukta and Tapti fields, from which gas has been diverted by the government to state-run GAIL India. Reliance along with state-run Oil and Natural Gas Corporation and BG Group of UK are the operators of the PMT fields lying in Mumbai offshore and till last month marketed gas from the fields in proportion to their shareholding.
More than 70 global energy firms, including ExxonMobil, Chevron Texaco, Conoco Phillip, BHP and Shell, lined up in Houston to have a sneak preview of India's latest offering of oil and gas blocks under the New Exploration Licensing Policy.
The moves in the first game of the FIDE World Chess Championship match between Viswanathan Anand and Magnus Carlsen.
In an effort to boost agri sector, the Tamil Nadu Agricultural University in Coimbatore has released 10 new crops for 2007.
In an attempt to hold on to its exploration blocks in the Krishna-Godavari basin, Oil and Natural Gas Corporation is in talks with British Gas (BG) and British Petroleum (BP) for joint exploration in four offshore blocks in the region.
The United States has accused several Indian companies, including industrial giant Reliance Industries, of "dumping" bottle-grade polyethylene terephthalate resin, used to manufacture bottles, sheet and strapping for the packaging industry, in Americ
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Reliance Industries and British Gas have initiated legal proceedings against state-run GAIL (India) to recover about $150 million for gas supplied during June 2004 to March 31, 2005.
Pakistani troops violated the ceasefire twice on Wednesday by opening heavy fire on several Indian posts along the Line of Control and the International Border in Jammu and Kashmir, leaving an Army jawan injured.
The Army on Sunday foiled an infiltration bid on the Line of Control in the Rajouri district of Jammu region.
The Indian unit of the British energy firm BG group, Oil and Natural Gas Corp and Reliance Industries signed an amended contract for the Panna/Mukta oil and gas and Tapti gas field with the government for joint management of the fields.\n
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