With pricing of natural gas from the KG-D6 block stuck, Mukesh Ambani made the second trip to New Delhi this month to meet top officials.
Oil and Natural Gas Corporation will begin production from its Krishna Godavari gas discovery from 2012 and it has tied up with GAIL for transporting the fuel to the consumers.
Security has been beefed up in the East Godavari district, in view of Kapu leader Mudragada Padmanabham's planned indefinite fast at Kirlampudi from Friday for inclusion of the community in the Backward Class category.
Telugu Desam Party chief N Chandrababu Naidu on Tuesday said only BJP's PM nominee Narendra Modi could bring about overall development in the country.
Representatives of the Maratha community attributed the stepping up of pressure by the community to the "arrogance and lies" told to its members by the Bharatiya Janata Party-led government, and the "uncontrolled anger" among its youth over the delay in getting reservations.
On April 29, the Bombay High Court will start hearing the case between the warring companies, Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL), to reach a quick decision on who will get access to the huge volumes of gas to be produced from RIL's block in the Krishna-Godavari basin. The court will also decide if the central government will be admitted as a party to the case. RNRL would oppose the central government's move to become a party to the case.
The name of another missing person from Punjab is not known yet. Two other Indians, Dharmarajan and Mohammad Abdul Rahim, both of Andhra Pradesh, were injured in the storm.
RIL on Monday submitted a commerciality report for the Dhirubhai-39 discovery in block KG-DWN-2003/1, about 50 km off Machilipatnam in Andhra Pradesh, to the oil ministry and the directorate general of hydrocarbons. A company official said the well KG-V-D3-A1 flowed 38.1 million cubic feet per day of gas and the find was later named Dhirubhai-39.
Shot on high definition digital camera, Anish Kuruvilla's debut throws light on some of the negative things happening in the Telugu film industry.
The Oil and Natural Gas Corporation plans to invest over US$ 5 billion to produce 25 million standard cubic meters per day of gas from its eastern offshore Krishna Godavari fields by 2013. The state-run firm on Wednesday submitted to the regulator Director General of Hydrocarbons an appraisal programme of the discoveries it had made in the KG offshore basin, putting the in-place reserves at 6.37 trillion cubic feet. ONGC also plans to produce 8,000 barrels of oil per day.
ONGC is close to finalising a stake sale in two of its blocks -- one in the Krishna-Godavari basin and another in the Mahanadi basin -- to British Gas. It is also talking to US-based Noble Energy for offering it stake in some of its blocks in India. ONGC has already agreed to give a stake to Brazilian company Petrobras, Norwegian company Norskhydro and Italy-based ENI in its countrywide blocks.
Indian Air Force helicopters have been pressed into service to rescue people from marooned villages.
The official explained that the contractor would take the worst-case scenario into account "to be on the safe side", when working out the field development plan and the probable cost of exploration and development of the block.
The government is likely to clear the price quoted by Reliance Industries Ltd for its gas from the Krishna-Godavari basin without seeking to control the price.
The govt is mulling the need to exercise its rights under the gas production-sharing contracts.
Reliance in the first phase is developing Dhirubhai-1 and 3, the first two of the 15 discoveries in the 7,645-square- kilometre KG-D6 block. Initial output is likely to be 40 million standard cubic meters per day (mmscmd), which will rise to 60 mmscmd in 2009-10.
Several ministers in his government joined Naidu in the fast, which was held in all 13 districts of the state.
Liquor shops reopened across the country in the non-containment zones after 40 days from Monday with people queuing up in large numbers, giving social distancing norms a toss at some places.
The Norwegian company, which has already taken a 10 per cent stake in the KG-DWN-98/2 block, has the right to double its interests before the gas discoveries are put to production but it is now keen on operatorship and a higher stake in the block, company sources said. ONGC is in dire need of deep water production technology and is likely to agree for a joint operatorship of the block but is not willing to give 30 per cent stake in Norsk Hydro.
The company is in advanced talks with Hindustan Petroleum Corp, Chennai Refinery and Kochi Refineries for sale of 34,000 barrels per day of oil it will start producing from the gas-rich KG-D6 block on Krishna Godavari basin from September. The company is investing $2.234 billion in developing the MA-1 and MA-2 oil fields in the predominantly gas-rich block.
After the euphoria over the recent oil and gas discoveries made by upstream behemoth Oil and Natural Gas Corporation
Oil and Natural Gas Corporation said on Wednesday it will begin production from its ultra deep sea gas discovery in the Krishna-Godavari basin off the east coast by 2012-13.
With the price of gas from its fields in the Krishna-Godavari basin expected to be higher than rivals, Reliance Industries is targeting automobiles and domestic users because power and fertiliser plants may not be able to afford it.
Reliance Industries found huge natural gas reserves in the very first well it drilled, which subsequently proved to be the world's second largest deepwater discovery in the last decade.
'When you have a village which is controlled by the BJP, who are the people likely to perpetrate the attack?'
Normal life remained paralysed for the second consecutive day in the 13 districts of the coastal Andhra and Rayalaseema regions of the state following the bandh call by Andhra Pradesh Non-Gazetted Officers and YSR Congress against the tabling of the Telangana bill in Lok Sabha.
$5.2bn will be spent on gas production, while a larger chunk of $7bn on building gas pipes.
Reliance Industries, which has discovered gas reserves of nearly 14 trillion cubic feet in the Krishna-Godavari basin off the coast of Andhra Pradesh, is building a gas-receiving jetty in Kakinada.
A report, by DeGoyler and MacNaughton, has put a question mark on the future production from the five ONGC discoveries.
The fertiliser and power companies say that the cost of gas would be too high, making operating on gas economically unviable.
Reliance Industries Ltd has found new natural gas reserves in Krishna Godavari basin D6 block off the east coast, the company's minority partner Niko Resources has said.
The digital divide separating rural and urban India may finally be narrowing, thanks to setting up of BPOs in villages.
According to reports, the very severe cyclonic storm, located over west-central and adjoining south Bay of Bengal, has weakened into a severe cyclonic storm.
The death toll pounding Andhra Pradesh for the past three days rose to 62.
Higher price will lead to hike in fertiliser subsidy while a lower price will hit returns.
India's east coast is emerging as one of the hydrocarbon hotspots in the world with 100 trillion cubic feet of gas and two billion barrels of oil in place.
Post-cessation, activities related to the safe shutdown of the field are underway.
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