India’s domestic natural gas output up by 20% in December 2021

India’s domestic natural gas production increased 19.5% to 2,896.7 million standard cubic metre (mscm) in December 2021 on a year-on-year (Y-o-Y) basis, mainly due to higher production from Reliance Industries (RIL) and 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 […]

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ONGC turns around its subsidiaries; OPaL, OMPL, OTPC, all in black

India’s top oil and gas producer ONGC has scripted a sharp turnaround in fortunes of its subsidiaries with its petrochemical unit reporting its first ever profit. ONGC Petro additions Ltd (OPaL), the venture ONGC floated for downward integration and expansion into petrochemical field by utilizing its naphtha stream from Hazira and Uran has been steadily seeing operational […]

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ONGC issues a tender seeking minimum $ 4 per mmBtu for CBM gas, $ 3.5 for gas in the North East

India’s top oil and gas producer ONGC is seeking a minimum price of $ 3.5-4 per mmBtu (million British thermal unit) for the natural gas it plans to produce from coal seams in Jharkhand and a field in Tripura. Oil and Natural Gas Corporation (ONGC) has issued separate tenders seeking buyers of 0.02 million standard cubic meters per […]

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Govt advises ONGC to get international partners in Mumbai High, Bassein fields: Minister

In a written reply to a question in the Lok Sabha, Minister of State for Petroleum and Natural Gas Rameswar Teli said national oil companies are free to choose field-specific models including farm out (giving stake) and joint venture/technical service model for enhancing production from their matured and aging fields. The government, he said, is […]

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Domestic natural gas production increases by 24.3% in October 2021 amid surging LNG prices

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 […]

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