ONGC, Reliance in talks with customers to sell east coast gas
The plan is to transport the gas from the east coast to the industrial heart belt of western India, an ONGC executive told Reuters.
Apr 11, 2018, 11:26 AM IST
ONGC gets green nod for exploratory drilling in KG basin
The current production of oil and gas is 750-800 tonnes per day and 2.5-3 million cubic metres of gas, respectively, from various facilities in this area.
Jun 27, 2017, 13:52 PM IST
RIL's KG-D6 gas output drops to 9% of target: Pradhan
RIL and its partners BP plc of UK and Canada's Niko Resources produced less than 16 percent of the 31,793.28 million standard cubic meters (mmscm) target from KG-DWN-98/3 or KG-D6 block in 2013-14.
Mar 20, 2017, 15:33 PM IST
ONGC gas row: Govt imposes $1.55 billion demand on Reliance Industries and its partners BP, Niko
Government has slapped a USD 1.55 billion demand on Reliance Industries and its partners BP and Niko for "unfairly enriching" by producing natural gas belonging to state-owned ONGC, a move that is most likely to land in arbitration.
Nov 04, 2016, 18:15 PM IST
ONGC to invest $5 billion to develop KG basin oil and gas block
State-owned ONGC on Monday announced USD 5.07 billion investment in its KG basin oil and gas block but the delay on government's part in approving a higher gas price for difficult areas would mean the output would be delayed by one year to 2019-20
Mar 28, 2016, 18:02 PM IST
Govt's gas pricing formula not viable to develop KG gas: ONGC
State-owned Oil and Natural Gas Corp (ONGC) has sent an urgent message to Petroleum Ministry, saying the natural gas prices according to a formula approved by the BJP-led government was not viable to develop its KG basin discoveries.
Feb 04, 2016, 20:55 PM IST
Production from GSPC fields in KG basin faces delay
Nearly a year after beginning trial gas production and investing USD 3.4 billion, Gujarat's GSPC is yet to start commercial production from its Deen Dayal discoveries in KG basin.
Aug 02, 2015, 14:25 PM IST
Oil Ministry rejects RIL arbitration notice, terms it 'untenable'
The ministry held that the move is in accordance with the provisions of the contract and there's no dispute that needs to be arbitrated upon.
Apr 26, 2015, 14:05 PM IST
Gas exploration from KG basin: Respond to CAG report, SC to RIL
The CAG, in its report tabled in the Parliament, found irregular payment of USD 427.48 million to contractors, of which it sought disallowance of at least USD 77.36 million cost.
Jan 16, 2015, 20:44 PM IST
Centre overrules Gujarat govt firm's demand for $8.5 gas price
The Centre has overruled Gujarat government-owned firm GSPC's demand for a gas price of USD 8.5 for its KG basin Deendayal field, saying the approved rate of USD 5.05 will apply on the company.
Dec 17, 2014, 16:02 PM IST
ONGC to spend Rs 16,200 cr to drill 45 wells in KG-Basin
The oil and gas major has approached the Ministry of Environment and Forests seeking clearance for preparing terms of References, according to the minutes of meeting of Expert Appraisal Committee.
Dec 07, 2014, 10:42 AM IST
Expert report on ONGC-RIL gas dispute by June: Pradhan
International expert D&M will by June next year submit its report on ONGC's claims of gas from its KG basin find seeping into the neighbouring gas field operated by Reliance Industries, Oil Minister Dharmendra Pradhan has said.
Nov 26, 2014, 17:05 PM IST
ONGC says needs $6-7.15 gas price to break-even
Pitching for a higher remunerative price for natural gas, state-owned Oil and Natural Gas Corp (ONGC) has said it needs USD 6-7.15 to break-even on gas it plans to produce from its most prolific KG basin block.
Sep 02, 2014, 14:41 PM IST
KG basin dispute: Fresh plea for appointment of arbitrator
A fresh plea was today made in the Supreme Court for appointment of a third arbitrator to resolve the dispute between the Centre and Mukesh Ambani-led Reliance Industries Ltd (RIL) on KG basin in the wake of an Australian judge recusing himself.
Jul 25, 2014, 22:02 PM IST
