Oil And Gas Field

The committee has also recommended a ceiling price of $6.5 per mmBtu, which may be increased yearly by about $0.5 per mmBtu till 2027, Parikh said

Pricing and marketing freedom are a must to ensure billions of dollar investment as costs of finding and producing natural gas from deposits lying several hundred metres below seabed are market driven, producers have told a government-appointed panel reviewing gas pricing. In an investor call post announcement of company's second quarter earnings on October 21, Sanjay Roy, senior vice-president for exploration and production, Reliance Industries Ltd, stated that producers are being represented by Association of Oil and Gas Operators (AOGO) at the panel whose report is expected in the next few weeks. "Potentially, the upstream producers are saying that there should be marketing and pricing freedom, pursuant to the policies and the contracts," he said. "The counter to elevated prices is increment to production, as we have seen in the case of KG-D6, and these investments will have to happen in frontier areas where there seems to be larger potential for such investments." Reliance and i

Israel has said gas production from Karish in the eastern Mediterranean will enable it to increase exports, including to Europe.

The central government from July 1, 2022, levied a tax on crude and petroleum products to capture supernormal profits of energy companies amid a sharp rise in global oil prices

Infrastructure plan recently signed into law by President Joe Biden will go toward cleaning up 277 of an estimated 15,000 abandoned oil and gas wells on federal land

Senegal is believed to have significant deposits of natural gas along its border with Mauritania at a time when Germany is trying to reduce their dependence on importing Russian gas

'In spite of Covid-19, MEIL is committed to completing the project with its expertise, dedication and hard work'

The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable

State-owned Oil and Natural Gas Corp (ONGC) on Thursday invited bids from private companies for handing over operations of 43 small and marginal oil and gas fields with a view to raising production.

Bangladesh has announced to have discovered a new gas field containing a probable reserve of about 68 billion cubic feet worth over $148 million

A strong explosion shook Caspian Sea area where Azerbaijan has extensive offshore oil and gas fields and column of fire rose late Sunday, but state oil company said none of its platforms were damaged

Production from DSF-1 Elao field in Cambay basin expected to being in a weeks

India is the world's third biggest oil importer and consumer

The government has challenged an arbitration award over a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields of Shell and Reliance Industries Ltd.

The second of the three deep-water gas developments, planned jointly, was expected to start production in mid-2021

Officials from many new entrants to India's upstream oil and gas exploration sector point fingers towards delays in clearances and faulty data

Saudi Arabia announced the discovery of four new oil and gas fields, the Saudi Press Agency reported

The two companies are developing three deepwater gas projects in block KG D6, which together are expected to meet 15 per cent of India's gas demand by 2023

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All three areas have high volume potential in terms of demand over a period of ten years