Oil and Natural Gas Corporation has struck a large gas field in the Krishna-Godavari basin in Bay of Bengal, home for the gigantic gas find of Reliance Industries Ltd.
Once all formalities are completed, the ONGC consortium will spend about Rs 1,700 crore (Rs 17 billion) on developing these three blocks, sources indicated.
The company has chalked out a detailed plan for development of its existing KG basin assets after integration with GSPC facilities.
In a strategic move to boost offshore energy exploration and operational efficiency, Oil and Natural Gas Corporation Ltd (ONGC) and Reliance Industries Ltd have signed an agreement to share resources such as supply vessels used in finding and producing oil and gas.
Maharashtra Deputy Chief Minister Ajit Pawar and four others were killed after their aircraft crashed in Baramati on January 28, 2026. Here are 11 other prominent Indians who died in air crashes.
According to the police, the entire Kartavya Path area has been placed under constant electronic surveillance through an extensive network of CCTV cameras integrated with advanced facial recognition system (FRS) technology.
The broader theme of the performance will be -- 'Swatantra Ka Mantra - Vande Mataram' and 'Samriddhi Ka Mantra - Viksit Bharat', officials said.
The upcoming Republic Day Parade will center around the sesquicentenary of 'Vande Mataram,' featuring themed decorations, performances, and special guests.
Around 100 artistes heralded the parade, on the theme 'Vividata Mein Ekta (Unity in Diversity) that featured a grand presentation of musical instruments, demonstrating the nation's unity and rich cultural diversity.
The Odisha government has initiated evacuations and deployed disaster response teams in anticipation of Cyclone 'Montha', which is expected to impact the southern and coastal regions of the state.
Cyclone Montha crossed the Andhra Pradesh coast, resulting in two deaths, extensive crop damage, and disruptions to power and transportation. Neighboring Telangana also experienced heavy rains. Government relief efforts are underway.
Andhra Pradesh on Wednesday took the historic step of interlinking its two major rivers Godavari and Krishna, a development that is being seen as a boon for farmers of Krishna delta who are facing water scarcity.
'Shinde, via Jarange Patil, is making his moves to become the sole leader of the oppressed, poor, backward Marathas in Maharashtra.'
BPCL is a high revenue-earning public-sector undertaking (PSU) and plans to privatise it are completely off the table, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday after assuming charge of the ministry for the second time. "Why would we divest ourselves of highly successful Maharatnas like BPCL," Puri said, arguing the Centre was not in favour of divesting its stake in oil PSUs.
Former Gujarat chief minister Vijay Rupani, who died in a tragic plane crash in Ahmedabad on Thursday, joined the list of several top Indian politicians and prominent personalities who lost their lives in aviation accidents.
The government has slapped a $2.81 billion (about Rs 24,500 crore) demand notice on Reliance Industries and its partners, including BP Plc for gains made from producing and selling natural gas that may have migrated from neighbouring block of state-owned ONGC. This follows the Delhi high court's decision on February 14, overturning an international arbitration tribunal ruling that held the duo not responsible for paying any compensation for the gas they produced and sold which had allegedly migrated from adjoining fields.
India's biggest oil and gas bid round attracted four bidders that included state-owned ONGC and OIL and private sector Vedanta Ltd, with most blocks getting just two bids, according to Directorate General of Hydrocarbons (DGH). The OALP-IX bid round, where 28 blocks or areas spread over 1.36 lakh square kilometre were offered for finding and producing oil and gas, for the first time saw Reliance Industries Ltd-bp plc combine bidding together with ONGC for one block in Gujarat offshore.
State-owned Oil & Natural Gas Corp's (ONGC) Krishna Godavari basin well that had been leaking natural gas for over two months now, has stoped flowing gas, the government said.
Reliance Industries has proposed to invest an additional $1.5 billion in bringing to production four gas discoveries adjoining its prolific gas fields in Krishna-Godavari basin in the country's east coast.
Reliance had last month struck gas in the fourth successive well on the block KG-DWN-2003/1 that lies close to its prolific D6 area in the Krishna-Godavari Basin in the Bay of Bengal.
Shiv Sena's Dadaji Bhuse is the new school education minister while Uday Samant continues to be the industries minister.
The ashes of Bharatiya Janata Party leader and former union minister Gopinath Munde were on Sunday immersed in the Godavari river.
The government will now examine the report and decide on how and to what extend should ONGC be compensated for its gas being produced by RIL.
Solicitor General Mohan Parasaran was replying to the charges made by the parliamentarian Gurudas Dasgupta and Common Cause, a public interest organisation
Arvind Kejriwal and Prashant Bhushan have successfully managed to blow the lid off the 'crony capitalism' that is flourishing in the country today, and in the process delivered a crushing blow to the UPA government. Sheela Bhatt analyses
Kejriwal, whose group India Against Corruption, has won publicity in India by accusing ruling Congress party chief Sonia Gandhi's son-in-law Robert Vadra of taking part in shady dealings, said on Wednesday that Reliance has profited from cosy relationships with a string of government ministers.
'You can call Kejriwal a populist, you can call him an anarchist, that he is taking on the richest man in India to become more popular amongst the poor or the middle classes. By targeting Mukesh Ambani and highlighting the Krishna-Godavari gas issue, the AAP is trying to highlight -- even if for its own political gain -- how the nexus between business and politics works.' In an exclusive interview to Rediff.com's Sheela Bhatt, Paranjoy Guha Thakurta educates us on everything we should know about the Krishna-Godavari basin gas wars, why Mukesh Ambani and his business is being questioned by Arvind Kejriwal and why citizens should be educated about the issue.
An open letter to the prime minister on the Rangarajan formula doubling the price of KG basin gas
Videocon's Venugopal Dhoot has become the most successful maverick in oil and gas business in India.
Sharp decline in production from flagship Krishna-Godavari basin has changed the business mix for the company.
He also described Moily as Mukesh Ambani's agent.
The Bharatiya Janata Party has said Prime Minister Manmohan Singh owes an explanation to citizens on why Jaipal Reddy was shifted as minister of petroleum and natural gas.
Over the next five years, plans to pump money in KG DG, refining, petrochemical sectors, retail and telecom.
CPI(M) Rajya Sabha Tapan Sen, in an interview to Rediff.com, explains what he believes are the irregularities committed by Reliance Industries and how UPA government has allowed it to get away with it.
In its first decision, the Cabinet Committee on Investment (CCI) on Wednesday cleared Reliance Industries' producing KG-D6 block and gas discovery area NEC-25 along with 3 other areas where the Defence Ministry had either barred oil and gas activity or put stringent conditions on that.
Burdened with loans of over Rs 12,000 crore, GSPC has made an investment of Rs 7,000 cr in E&P at the block in the KG basin.
Company indicates estimates of reserves needed to be cut.
'It is very difficult to be an honest politician in a country where the system is absolutely corrupt. Jaipal Reddy is one up even on Prime Minister Manmohan Singh who is considered clean and honest. Reddy has gone a step ahead by playing an active role in stopping corruption. He has put things on record; he has walked the extra mile to ensure that public money is valued highly. One must recognise Reddy's efforts, and make it an example for India's younger generation.'
State-run Oil and Natural Gas Corporation (ONGC) will shortly farm out nearly 26 per cent stake in its KG-DWN-2004/6 block in the Krishna-Godavari basin to Japan's Inpex Corporation.
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