Petroleo Brasileiro SA or Petrobras, Brazil's state-controlled oil firm, has offered ONGC its 15 per cent interest in the Krishna Godavari basin block that sits next to Reliance Industries prolific KG-D6 fields without any cost.
Andhra Pradesh is facing the threat of a cyclonic storm even while the state is struggling to limp to normalcy after the havoc caused by heavy rains and floods claimed 25 lives in the coastal region of Andhra Pradesh over the past five days.
Jaganmohan Reddy, the son of late Dr Y S Rajashekhar Reddy, has openly declared war on the Congress high command by embarking upon his Odarpu Yatra (tour to console people) notwithstanding party president Sonia Gandhi reservations about the same.
Besides Mukherjee and Deora, the EGoM would have power minister Sushilkumar Shinde, fertiliser minister M K Alagiri, law minister Veerappa Moily and Planning Commission deputy chairman Montek Singh Ahluwalia.
Lakhs of devotees came out in processions to immerse the Ganesha idols on the last day of the festival.
Reliance Industries has said the natural gas output at its Krishna Godavari basin KG-D6 fields averaged 54.5 million cubic meters a day in the quarter ended December 31, 2010, down from 60 mmscmd achieved in April.
Reliance Industries is ostensibly seeking a 25 per cent increase in the price of natural gas it produces from the eastern offshore Krishna-Godavari Basin after it wrote to the Oil Ministry saying it has customers willing to pay more than the government-approved price.
Light to moderate rainfall in various parts of the country, including Delhi, on Tuesday brought respite from the scorching sun but heat wave claimed 16 more lives in Andhra Pradesh and three in Odisha, raising the nationwide toll to 2,357.
Telugu Desam Party president and leader of opposition in Andhra Pradesh assembly, N Chandrababu Naidu on Thursday sought Prime Minister's direction for Maharashtra and Karnataka governments over the issue of "illegal" construction of barrages across Godavari and Krishna rivers.
Reliance hold 90 per cent interest and is the operator of the deep-sea block KG-DWN-2001/1 (D9).
'If Baahubali were to be made in Bollywood, I would take Hrithik Roshan as Baahubali and Deepika Padukone for Devsena.' Baahubali writer K V Vijayendra Prasad looks back at the epic blockbuster.
Widespread protests broke out in non-Telangana regions observing a day-long bandh on Friday to protest the division of the state with agitators damaging buses, staging demonstrations and resorting to road blockades.
Reliance Industries has informed oil regulator DGH that four smaller gas finds surrounding the D-1 and D-3 fields in the Krishna-Godavari basin can be commercially exploited.
After the success of Barmer oil fields in Rajasthan, Cairn India - the second largest oil and natural gas explorer in the country - bets heavily on wildcat drilling.
Five people in Andhra Pradesh's East Godavari district were killed after a jeep that was part of a convoy of Minister of State for Defence M M Pallam Raju hit an autorickshaw on Thursday afternoon.
The Uppada Handloom Weavers Co-operative Production and Sales Society Limited and two other registered societies, representing the weavers community in several villages in the Uppada Kothapalli mandal of East Godavari district, have been given the GI registration.
Congress MP Y S Jagan Mohan Reddy, who has been critical of the party leadership, has kicked off the second leg of his yatra.
State-owned Oil and Natural Gas Corporation plans to invest over $10 billion in bringing to production gas discoveries off the east coast, its director (exploration) D K Pande said on Tuesday.
Billionaire Mukesh Ambani-run Reliance Industries Limited began gas production from the Krishna-Godavari basin in April, 2009, and its 60 million standard cubic metres per day output led to a 75 per cent jump in natural gas availability in the country to 140 mmscmd.
A moderate earthquake measuring 5.6 on the Richter scale on Wednesday night jolted Delhi, National Capital Region, Chennai and parts of eastern and northern India including West Bengal, Odisha and Jharkhand, but there were no immediate reports of casualties or damage to properties.
Contract does not provide for retrospective penalty for 'such' acts
ONGC takes Reliance to court, alleging years of stealing from its offshore block and a sleeping govt, right after it was agreed there would be a probe by experts.
The Krishna-Godavari (K-G) basin may prove to be a much bigger play for Reliance Industries Ltd. This follows the announcement that its D4 block could hold twice the reserves of the in-production D6 block to the north.
In a free-wheeling interview with Jyoti Mukul, Sibal makes a case for his innocence and blames the media campaign by the Anil Ambani group for the current controversy.
Andhra Pradesh is facing the worst ever floods in its 60 years, as 60 per cent of Kurnool city was submerged on Friday leaving thousands homeless and stranded without food and water.
Heavy rain in coastal Andhra Pradesh in the wake of Cyclone Laila has paralysed industrial activity in the state, including closure of oil rigs in the Krishna-Godavari Basin. Cargo handling at ports also suffered due to the incessant rain.
At least 34 tribal students were hospitalised for suspected food poisoning in East Godavari district of Andhra Pradesh after consuming a meal at their hostel, officials said.
Andhra Pradesh Rural Development Minister V Vasant Kumar on Tuesday said the daily wages paid to workers under the National Rural Employment Guarantee Scheme (NREGS) in the state will be enhanced from May 1.
Likely to drill three additional exploration wells in the block before the end of 2010.
Three Telugu Desam Party leaders including former state Home Minister K Siva Prasad Rao on Thursday went on indefinite fast at the Hindu College centre in Guntur opposing the proposal to divide Andhra Pradesh.
The danger of a corporate capture of government isn't imaginary, and corporations represent narrow profit-seeking interests of businessmen whose forte is not Constitutional values, says Praful Bidwai.
RIL, with interests in petrochemicals, oil and gas exploration, textiles and retail, will continue to see a slow decline in margins.
RIL's gas production from its D6 fields in the Krishna Godavari basin on Sunday touched 50.15 mmscmd. This for the first time surpasses ONGC's 49.6 mmscmd output.
A day after Reliance Industries Ltd announced sale of 30 per cent interest in its 23 oil and gas blocks, Canada-based Niko Resources, RIL's partner in three fields - D6, NEC 25 and D4 - on Tuesday said it has the option to increase its stake in the fields by up to 30 per cent from current working percentages.
RIL said production capacity from KG-D6 has far exceeded the 40 million standard cubic meters per day (mmscmd), for which buyers have been tied-up, and has asked the government to immediately name customers for an additional 25 mmscmd so as to avoid irreversible damage to the field reservoirs.
MA fields were producing around 32,000-33,000 barrels of oil per day and 8 million standard cubic meters per day of gas.
RNRL had sought 28 mscmd of gas for 17 years at $2.34 per million British thermal units (mBtu) from Mukesh Ambani's RIL.
Read the full text of the Supreme Court ruling in the Krishna Godavari Basin gas dispute between Mukesh Ambani-led Reliance Industries Ltd and Anil Ambani's Reliance Natural Resources Ltd.
In what could seal the fortunes of the gas and power businesses of the two Ambani brothers, the Supreme Court is to deliver a judgment tomorrow on the bitterly fought dispute over gas from the Krishna-Godavari basin's D6 block.
At least 60 persons either committed suicide or died of shock after hearing the news of Chief Minister YSR Reddy's death in a chopper crash.
