India’s natural gas production is projected to jump by 52 per cent to 122 million standard cubic metres per day (mmscmd) by 2024, as state-owned Oil and Natural Gas Corporation (ONGC) and Reliance Industries Ltd-BP together are expected to raise output from the KG basin fields. Natural gas production in 2019-20 was 85 mmscmd, which is estimated to have […]
India’s natural gas production has risen above the pre-COVID level following the start of output from a KG-D6 field operated by Reliance Industries Ltd and its partner BP Plc, upstream regulator DGH said. Natural gas production in the country in February 2020 was 80 million standard cubic meters per day (mmscmd) and in January this year it […]
Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes. Reliance and its partner UK’s BP Plc auctioned 7.5 million standard cubic metres per day (mmscmd) of incremental gas from the R-series gas field in the KG-D6 block, […]
The beginning of production at what is now Asia’s deepest offshore natural gas field is all set to increase the share of natural gas in India’s energy basket. A few days ago, Reliance Industries Limited (RIL) and BP announced the start of production from the R Cluster, an ultra-deepwater gas field in block KG D6 […]
Severely stressed gas-based power plants have sought a “separate bucket for allocation/auction of gas” from the offshore fields on the eastern coast of the country where production is to commence soon. As much as 24,900 megawatt of gas-based power stations operated at only 26% utilisation levels in the April-October period for lack of fuel supply. […]
On Monday, the stipulated deadline for BPCL bids, the government received ‘multiple’ bids for buying out its stake in India’s second-biggest fuel retailer BPCL. Negating all speculations, Reliance Industries as well as supermajors Saudi Aramco, British BP and French Total did not make a bid. Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), […]
UK-based global energy major BP Plc said it is looking to expand its Indian presence in fuel retailing and mobility solutions. Speaking at the India Energy Forum by CERAWeek, BP Group chief executive Bernard Looney said his firm in partnership with Reliance Industries Ltd will set up 5,500 retail sites in the next 4-5 years. He also asked for […]
India’s Cabinet has approved standard bidding norms to discover the prices of gas from new and upcoming fields. The move is aimed at augmenting production from these fields and reduce imports of the natural resource. Currently, the new fields (other than the nominated ones) make up for less than fifth of the natural gas produced […]
India’s oil and gas imports are expected to double by 2050 as overall energy demand grows while the dependence on coal reduces going forward. According to BP Energy Outlook 2050, the growth of energy consumption in the emerging economies will be led by India, “which is seen to be the largest source of demand growth […]
The aspiration of bp to transform to an integrated energy company will strengthen its hands to play a much bigger role in India’s transition toward cleaner fuels like gas, hydrogen and renewables, Sashi Mukundan, India president and senior president of bp group told S&P Global Platts in an exclusive interview. IAC Desk
