Kg Basin

ONGC struggling to exploit 12.5 trn cubic feet of discovered gas reserves in Iran

A portion of Farzad-B field extends into territorial waters controlled by Iran’s regional arch-rival Saudi Arabia

Uproar over AgustaWestland scam, KG basin gas project force three adjournments in RS

The fifth day of the Budget Session started with three back-to-back adjournments in the Rajya Sabha as the Congress-led Opposition protested over scores of issues, including CAG report on Gujarat's KG basin gas project.

ONGC submits draft field development plan for KG discoveries

ONGC has divided 12 oil and gas discoveries in KG-D5 and gas discovery in an adjacent G-4 block in the Bay of Bengal into three clusters to quickly bring them to production.

Why investors are bullish on RIL despite subdued Q3 showing

The reason for this is the likely increase in the gas prices from 1 April. The government has notified the guidelines for domestic natural gas pricing. This creates an enabling environment for investments in the hydrocarbon sector.

RIL welcomes gas price notification as step in right direction

RIL will get the benefit of the new price for gas from its existing fields like MA in the KG-DWN-98/3 or KG-D6 block and new/upcoming ones like R-Series and satellite in the KG Basin block and the ones in North East Coast block NEC-25.

RIL starts gas production from new well in KG basin

Reliance Industries, which operates the Krishna-Godavari basin's D6 block off the east coast, has started producing gas from the MA-8 well on 1 January, its spokesman said on Thursday.

Cairn India to invest up to $750mn on KG-Basin Block over 5yrs

Once the Director General of Hydrocarbons approval comes, the JV will invest USD 700-750 million over 3-5 years on the Block. The investment includes creation of necessary infrastructure and production, sources said.

ONGC claims to have drilled deepest oil well in KG basin

State-owned Oil and Natural Gas Corp (ONGC) today said it has drilled the deepest well in search for oil and gas in the Krishna Godavari basin.

GSPC to invest Rs 2,000 crore in KG-Basin gas terminal

Gujarat State Petroleum Corporation (GSPC) will be spending over Rs 2,000 crore on its proposed gas terminal at Mallavaram near Kakinada in Andhra Pradesh.

Oil India gets green signal from MoEF for exploration in KG basin