Geecl
Great Eastern Energy to invest $2 billion in shale gas exploration
Great Eastern Energy Corporation Ltd, a pioneer in the field of coal bed methane in India, plans to invest about USD 2 billion (Rs 15,000 crore) in exploration of shale gas at its Raniganj South block in West Bengal, its MD & CEO Prashant Modi said. "We want to recreate in shale what we did for CBM," he said. "We pioneered exploration, production, and development of CBM in India." CBM (Coal Bed Methane) is gas trapped below coal seams. GEECL signed the first CBM contract in India for the Raniganj South block on May 31, 2001. "We were the first to commercialise CBM in July 2007," he said. Prior to this, the firm's CBM block was under an agreement with Coal India Ltd. since 1993. At that time, CBM was practically not present in Asia and was still at a nascent stage worldwide. "We have a huge potential of shale resource of up to 6.63 trillion cubic feet (TCF) in our block," he said. "We are awaiting the amendment to our petroleum mining lease for shale exploration from the West ...
 "Great Eastern Energy to invest $2 billion in shale gas exploration")
Great Eastern Energy Corp's net profit falls to $3 million in H1FY21
India-focused coalbed methane (CBM) explorer Great Eastern Energy Corp Ltd on Wednesday said its profit in April-September period of this fiscal halved as sales got impacted due to COVID-19 lockdown.
 "Great Eastern Energy Corp's net profit falls to $3 million in H1FY21")
Lack of uniformity in clearance of proposals hurting shale explorers
Investment of over $2 bn by Great Eastern rejected, despite Cabinet giving nod to uniform licensing
 "Lack of uniformity in clearance of proposals hurting shale explorers")
Any infra project has its challenges, including clearance: GEECL MD & CEO
GEECL MD & CEO Prashant Modi tells Shine Jacob about the company's journey so far
 "Any infra project has its challenges, including clearance: GEECL MD & CEO")
