Bharat Petroleum Corporation lans to invest around Rs 6,000 crore (Rs 60 billion) in the exploration and production business over the next few years.
Oil and Natural Gas Corporation and Mukesh Ambani-controlled Reliance Industries may tie up to build a common gas processing unit as the two firms have discovered huge reserves in the Krishna-Godavari basin
In an attempt to hold on to its exploration blocks in the Krishna-Godavari basin, Oil and Natural Gas Corporation is in talks with British Gas (BG) and British Petroleum (BP) for joint exploration in four offshore blocks in the region.
Reliance Industries Ltd will invest $8.84 billion in producing 80 million standard cubic meters per day (mmscmd) of gas from its KG-D6 block in Krishna Godavari basin.
1,400 km pipeline will transport gas from KG basin to west coast.
BG Group of UK is planning to buy stake in ONGC's oil and gas blocks.
\nRIL had earlier proposed investment of $2.47 billion to produce 40 mmscmd for 7.5 years from discoveries -- Dhirubhai 1 and 3 (in the D6 block) -- out of a total 34 wells.
Reliance Industries Ltd, which recently demerged its overseas oil and gas projects, is debating hiving off its giant Krishna-Godavari gas field, but ruled out talks for inducting US energy major Chevron as equity partner.
The new year promises to be a busy year with brand new airports in Hyderabad and Bangalore, the launch of the Rs 1-lakh-car, unlocking of the gas riches in the Krishna-Godavari basin, and Jamnagar housing the world's biggest refinery complex.
Oil and Natural Gas Corporation has discovered natural gas reserves in Krishna Godavari basin off the Andhra coast, Minister of State for Petroleum and Natural Gas Dinsha Patel said on Tuesday.
Over 1,800 dead in just over a week! The bristling summer continues to claim lives across India as temperatures soar between mid-to high-40 degrees. And there's no respite in sight for at least the next couple of days.
Reliance Industries on Friday hit out at Oil and Natural Gas Corp (ONGC) for suing it over KG gas dispute, saying some elements in the state-owned firm may be "misleading" the chairman D K Sarraf to hide their failure in developing the discoveries made over 13 years.
Reliance Industries Ltd has discovered huge oil reserves in its gas-rich D6 block in Krishna Godavari basin off the east coast, its minority partner Niko Resources of Canada has said.
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.
The recovery was made at Hira Group's Godavari Ispat Ltd at Siltara industrial area in Raipur on Sunday, Senior Superintendent of Police Ashok Juneja said.
Andhra Pradesh Police said the lighting of a stove by a tea vendor might have sparked Friday's fire at the Gas Authority of India Limited pipeline in East Godavari district after leaked gas from the line enveloped the area.
Anil Ambani-owned Reliance Energy has approached state-owned gas utility GAIL (India) Ltd for transportation of gas to its proposed 4,000 MW power plant at Dadri.
A bandh called by the YSR Congress, Telugu Desam Party and other anti-Telangana political parties is being observed in Seemandhra region of Andhra Pradesh on Wednesday to protest against the passage of the AP Reorganisation Bill-2013 in the Lok Sabha.
"To everyone worried about my safety, Id like to inform you that I am safe. Gods grace and the love, concern and blessings of the people of Andhra Pradesh will protect me. "Such cowardice will not dissuade me but only strengthen my resolve to work for the people of my state," Reddy tweeted upon his arrival in Hyderabad.
The TDP has many formidable challenges in the state leading to the 2019 general elections, many of which it cannot surmount without help from the Modi government.
According to the naval authorities, arrangements have been made at the Gateway of India from where boats will take people to the the naval anchorage area for a guided tour.
Reliance Industries Limited has made two natural gas discoveries on the east and west coast adding to the vast hydrocarbon reserves it has found in the past few years.
Mukesh Ambani-led Reliance Industries Ltd announced on Tuesday a new crude oil discovery in the Krishna Godavari basin off the Andhra Pradesh coast.
Anil Ambani Group firm Reliance Fuel Resources Ltd has sought government permission to lay a Rs 16,000-crore (Rs 160 billion) pipeline to take natural gas from Reliance Industries-operated field off the Andhra coast to its power plant at Dadri in UP.
Reliance Industries on Monday said it has no plans to spin off its Krishna Godavari gas field into a separate company and rope in a strategic partner.
Saurabh Patel, energy minister, Gujarat, who has handled the energy portfolio since 2002, speaks to Archis Mohan on GPSC's investment in the KG basin and says the criticism is politically motivated.
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