Domestic natural gas production in India increased by 23 per cent to 2,868 million standard cubic metre (mscm) in November on a year-on-year (y-o-y) basis. The rise can mainly be attributed to higher production from Reliance Industries (RIL) and from BP’s ultra-deep-water field in the KG-D6 Block of the Krishna Godavari basin on the east coast. The […]
India’s domestic natural gas production increased by 24.3% on year to 3,007 million standard cubic metre (mscm) in October 2021, primarily due to higher production from Reliance Industries (RIL) and from BP’s ultra-deep-water field in the KG-D6 Block of the Krishna Godavari basin on the east coast. The output had fallen 8.1% Y-o-Y to 28,670.6 mscm in […]
Reliance Industries (RIL) is reaping the benefits of an increase in production from its oil and gas assets. The higher production from RIL-bp controlled Dhirubhai-6 (D6) block in the Krishna Godavari (KG) Basin will coincide with the government significantly hiking the price allowed for selling domestically produced natural gas, Business Standard reports. RIL’s share of production from […]
The price of natural gas produced by state-owned firms such as ONGC from fields given to them on nomination basis has been hiked by a hefty 62% to $ 2.90 per million British thermal unit (mBTU) for the six month period beginning 1 October 2021. The increase follows the lower production amid higher demand increase […]
India’s crude oil production fell by 2.3 per cent in August 2021 while its natural gas output rose by more than a fifth on the back of output from KG-D6 fields of Reliance-BP, government data showed. Crude oil production dropped to 2.51 million tonnes in August as output from fields operated by state-owned Oil and […]
India launched the sixth round of hydrocarbon blocks auction under the Open Acreage Licensing Programme (OALP), offering 21 blocks spread across approximately 35,346 square kilometres. Investments of around $300-400 million are expected from the round in these oil/gas blocks. India is 85 per cent dependent on imports to meet its oil needs and finding newer […]
India’s domestic natural gas production increased by 22.7 per cent year on year (y-o-y) to 2,651 million standard cubic metre(mscm) in April 2021, mainly due to higher production from Reliance Industries and BP’s ultra-deep-water field in the KG D6 Block of the Krishna Godavari basin on the east coast. However, the 2.5 million tonne (MT) of crude oil produced in the country during the month […]
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, […]
