No one was injured in the incident that left a windowpane of the B6 coach damaged.
No one was injured in the incident that left a windowpane of the B6 coach damaged.
The joint operators of the Panna/Mukta and Tapti oil and gas fields, British energy firm BG Group, Reliance Industries Ltd and Oil and Natural Gas Corporation, have hiked the price of natural gas produced from the Tapti field.
British oil and gas major BG Group has proposed to invest about $800 million over the next two years in developing the Panna-Mukta and Tapti oil and gas fields to improve production from the offshore fields.
In addition to the massive evacuation in Surat city, about 27,000 people from Vadodara district of South Gujarat has been evacuated as waters in Narmada and Vishwamitri rivers were flowing close to the danger mark.
Reliance Industries Ltd on Monday reported a 5 per cent fall in the net profit for the July-September quarter, as weak oil refining and petrochemical business hurt operational performance.
Passengers rushed to board the Tapti Ganga Express train from Surat railway station in the morning, causing chaos in which some people fainted, Superintendent of Police (Western Railway) Sarjo Kumari said.
Shares of Reliance Industries (RIL) traded 2 per cent higher at Rs 2,310.10 on the BSE in intra-day trade in an otherwise volatile market after the company reported a 27.4 per cent year-on-year (YoY) growth in its consolidated net profit at Rs 17,394 crore for the September quarter (Q2FY24). While revenue growth of the company was flattish YoY at Rs 2.32 trillion, the profit rose on the back of operational improvement across most segments, especially higher profits in the O2C (oil-to-chemicals) and oil & gas businesses, as well as the retail business. "Strong operational and financial contribution from all business segments has helped Reliance deliver another quarter of robust growth," said Mukesh Ambani, chairman and managing director of the company.
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.
The government has lost its appeal in the English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields. High Court judge Ross Cranston on June 9, 2022 ruled that the government should have brought its objections over the arbitration tribunal not meeting the required thresholds, when issuing the 2021 award earlier, two sources with knowledge of the matter said. Rejecting the government's arguments, the court said the objections are barred by an English law principle whereby a party cannot raise matters in new proceedings that could have been raised in earlier proceedings.
'William Mustoe, the director of horticulture during British rule, named the Presidential Palace garden after the Mughals.' 'He simply kept the name because it was made on the pattern of a Mughal garden.''He simply kept the name Mughal gardens because it was made on the pattern of Mughal garden.'
A joint venture of Adani Group and Welspun Enterprises Ltd has discovered natural gas reserves in an area off the Mumbai coast, the two firms said in a statement Monday. The first-ever gas discovery was made in the NELP-VII block MB-OSN-2005/2, Adani Welspun Exploration Ltd (AWEL) said. Spread across 714.6 square kilometers, the block is located in the prolific gas-prone Tapti-Daman sector of the Mumbai Offshore basin where production is already underway by other operators.
The affidavit came in response to the government moving the Delhi high court seeking to block Reliance selling 20 per cent stake in its oil and chemical business to Saudi Aramco for $15 billion, in view of pending dues of $3.5 billion in Panna-Mukta and Tapti oil and gas fields. Countering the charges, RIL said it was a 'falsehood' and the petition is an abuse of process.
The apex court sets aside Delhi HC order on the oilfield.
Nestle India was the top loser in the Sensex pack, shedding 2.20 per cent, on its first day as part of the index.
Production at India's largest gas fields Bassein and Panna/Mukta and Tapti in Mumbai offshore has been stopped, following flooding of Oil and Natural Gas Corp's processing plant at Hazira in Gujarat.
Water in the river Tapti has been rising steadily since Sunday after the gates of the Ukai dam built upstream on the river were thrown open due to heavy water inflow from the catchment areas.
ONGC-Reliance-BG will get additional revenue of $70 million from realising higher price for gas produced from Panna/Mukta and Tapti fields.
British Gas Plc on Thursday said it along with Oil and Natural Gas Corporation and Reliance Industries Ltd will invest $138 million in developing the Panna/Mukta and Tapti oil and gas fields to improve production.
British oil and gas major BG Group and its Indian partners -- ONGC and Reliance Industries Ltd -- will invest $140 million over the next 18 months in the Panna-Mukta and Tapti oil and gas fields to improve production from the offshore fields.
British oil and gas major BG Group on Thursday said it would double its investment in India to $1 billion for increasing production from the Panna-Mukta and Tapti offshore oil and gas fields.
BG Exploration and Production India, a part of UK-based BG group and Reliance Industries, hold 30 per cent stake each in the field, while ONGC has a participating interest of 40 per cent.
Cairn India and UK's BG Group too replied to audit observations.
He sustained a fracture in his left arm in the accident which took place around 7.15pm on the Tapti river bridge near Gorakhpur when he was coming from Barabanki, North Eastern Railway CPRO Sanjay Yadav said.
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.
A consortium of British Gas, Oil and Natural Gas Corporation and Reliance Industries, which controls the PMT fields off the west coast, is spending about Rs 2,500 crore (Rs 25 billion) for reviving the reserve in this fiscal, while new wells are being drilled at the Cairn-operated Ravva field (off the Andhra coast) for small-sized additional discoveries. The Tapti field has witnessed 'natural decline in the production profile' during the first quarter ended June 2009.
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.
On instructions from the Prime Minister's Office for a more uniform distribution of the natural resource, the petroleum ministry had in December 2007 scrapped all contracts for sale of gas produced from PMT fields and nominated GAIL for selling it to 'fuel-starved' fertiliser plants outside Gujarat. But after protests, the ministry agreed to partly restore 3.6 million standard cubic meters per day of gas out of 5.1 mmscmd consumed by RIL's petrochemical plants.
Holding the Centre responsible for putting Gujarat in a tricky situation, state Petrochemicals Minister Saurabh Patel on Monday informed the Assembly that with the scrapping of gas purchase agreements, Gujarat would not be able to get gas from April this year.
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.
GAIL, which currently markets 4.8 million standard cubic metres per day of gas from the fields lying in western offshore, will now get to market the entire output of 15.5 mmscmd from PMT fields, a move that will boost the company's annual revenue by about Rs 5,000 crore (Rs 50 billion), official sources said.
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).
Floods in Gujarat continued to disrupt half of India's natural gas production for the second day on Wednesday, threatening power generation in north and CNG supplies to automobiles in the national capital.
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.
"There is no change in situation. It may take a couple of days for the water to recede and restart of the facility," an ONGC official said.\n\n
The situation is likely to worsen due to high tide in the Gulf of Khambhat.
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