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.
The price would increase from $4.2/mbtu to $10/mbtu if Rangarajan formula is accepted.
Persistent rain and a pitch that offered the seam bowlers little assistance ensured the second test between New Zealand and England at the Basin Reserve ended in a damp draw when the final day's play was abandoned without a ball being bowled on Monday.
With two of its clusters - R-Series and Satellite Series - likely to start production in the next two years, the company looks to turn around production from this business.
The Cabinet on Thursday approved ONGC's proposal to acquire Cairn Energy's stake in two gas blocks for $135 million.
The total capacity of gas-based stations in India is 18,830 MW of which 15,529 MW is fed with gas from RIL.
Protests rocked the Cauvery river basin district of Karnataka for the second day on Monday over release of Cauvery water to Tamil Nadu with police taking about 100 people into custody after they squatted on tracks and detained the Mysore-Shirdi express at Gejjalagere village.
The final and last approval for the Adani group's long-delayed billion dollar mega coal mine project came weeks after a surprise election win of Australia's pro-coal ruling coalition led by Prime Minister Scott Morrison.
Adani, which estimates its project will generate more than A$22 billion ($15.6 billion) in taxes and royalties, has yet to line up funding but is sticking to a late 2017 start date.
The Great Indian Kitchen is one of the most powerful films Divya Nair has watched in recent times. One that will unsettle you long after you've watched it. And that's why everyone -- married or single, man or woman -- must watch it.
? Australia's players feared another backlash from New Zealand fans after a contentious no ball decision went in their favour in the final over of the first day's play of the first Test on Friday.
He also described Moily as Mukesh Ambani's agent.
Ajinkya Rahane wants to take on the New Zealand pace battery with more intent in the second Test. He has a foolproof strategy, which includes countering the awkward angles which became a nightmare for Indian batsmen during the first Test at the Basin Reserve.
The withdrawal of the arbitration will now entitle the two companies to marketing and pricing freedom on the natural gas they produce from newer fields in the deep sea at an investment of Rs 40,000 crore by 2022.
The Kolkata-based coal miner has tied up with the US-based Advance Resource International Inc for exploration and identification of the potential shale deposits within the company's coal blocks.
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.
Despite sleeping barely four hours in the past two days speedster Ishant Sharma kept India in the fight with three New Zealand wickets in the first Test even as he struggled hard to deal with "jet-lag".
When India lost the Wellington Test by 10 wickets, was it the worst defeat for Virat Kohli's team? Rajneesh Gupta has the answers.
The company also said it has made three oil and gas discoveries in Krishna Godavari basin and Tripura.
'Terrorists are killing ordinary citizens, huge crowds brave a pandemic to attend militant funerals, and artillery is booming on the LoC.' 'This April seems like a run-of-the-terror-mill Kashmiri spring: Violence is emerging like a prickly new bud,' warns David Devadas.
Kane Williamson, Ross Taylor and persistent light rain on Sunday ensured that New Zealand's second Test against England at the Basin Reserve is most likely to end in a damp draw on Monday.
England enforced the follow-on after bowling New Zealand out for 254 shortly before tea on the third day of the second Test at the Basin Reserve on Saturday. New Zealand were dismissed 12 runs short of the required target, with Stuart Broad rattling through New Zealand's lower order with six wickets to leave the hosts well adrift of England's 465.
New Zealand pace bowler Doug Bracewell has not recovered from a cut foot in time for the second Test against England in Wellington, the team said on their website on Monday.
Cairn Energy of the United Kingdom has again struck oil in Barmer basin of Rajasthan, Petroleum Minister Ram Naik said on Friday.
Protests against release of Cauvery water to Tamil Nadu snowballed in the river basin areas on Thursday, as a central team arrived in Bangalore to assess the water storage levels.
Oil Ministry officials insisted that Defence Ministry cannot withdraw the clearance after 12 years of exploration.
Videocon's Venugopal Dhoot has become the most successful maverick in oil and gas business in India.
ONGC has suffered a loss of over Rs 30,000 crore due to alleged siphoning off of natural gas by Reliance Industries Ltd (RIL) from the PSU's well in Krishna-Godavari (KG) basin and appointment of an experts body on the issue "will not help", the state-run oil firm said.
They're a means to an end: bridges are fundamentally a way to get from point A to point B. However, as designs get bolder, bridges have also become destinations in their own right. National Geographic has listed out a few bridges, which will impress, thrill, and perhaps even make you fall in love. Here are some of them.
Crude oil, or petroleum, is recovered mostly through oil drilling.
Analysts say the company's petrochemical segment and higher other income would boost its revenues. On an average, brokerages expect RIL's net profit to rise 12-17 per cent compared with the year-ago period.
'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.'
OSCO E&C said Adani had asked it to halt its design work as of July 16, with tentative plans to resume work in early October.
Among the documents that Arvind Kejriwal handed out in his press conference on Wednesday, was a page from the letter from the former minister of petroleum and natural gas, S Jaipal Reddy, and marked as annexure 5, to Reliance Industries about its KG Basin oil extraction
NASA's newly landed Mars science rover Curiosity snapped the first colour image of its surroundings while an orbiting sister probe photographed litter left behind during the rover's daring do-or-die descent to the surface, scientists said Tuesday, Reuters reported.
Bharat PetroResources, a wholly owned subsidiary of BPCL and Videocon Industries, holds 40 per cent of the block. Brazil's Petrobras holds the remaining 60 per cent.
Life came to a virtual standstill in Bengaluru and in Cauvery basin districts as protests spearheaded by Kannada outfits over release of Cauvery water to Tamil Nadu swept through the region during the dawn-to-dusk bandh on Saturday.
Highlighting the "grim" situation in Cauvery basin, External Affairs Minister S M Krishna on Saturday appealed to Prime Minister Manmohan Singh to stop further release of water to Tamil Nadu and to seek a report from the team that has been deputed to assess the water situation.
'OPS did not back off.' 'He wanted transparency and he got it.'
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