The exercise is taking place at a time when India is engaged in a bitter border row with China in eastern Ladakh.
The low-pressure system is at stage one of formation as of now; if it advances to stage four, it will be named Cyclone Gati
The system is likely to intensify into a severe cyclonic storm by Sunday evening and move north-northwestwards till May 17, Regional Met Director G K Das said.
The NDRF and Indian Coast Guard have been put on high alert, and placed at the disposal of the state governments concerned.
There is also a depression forming over central India that has pulled the south-west monsoon, which brought more showers, the official said adding, "For the last five days, these developments are taking place gradually and the intensity of precipitation has gone up significantly."
Reliance Industries Ltd has written down Rs 39,570 crore in value of its oil and gas assets including the flagging KG basin D6 block and US shale gas projects, in view of change in accounting policy.
Eight fishermen belonging to Tamil Nadu were rescued from the sea near the Sriharikota High Altitude Range while search was on for ten more persons feared trapped at sea.
"Advances like the Bay of Bengal discovery will help unlock the global energy resource potential of gas hydrates as well help define the technology needed to safely produce them," said Walter Guidroz, coordinator of the US Geological Survey (USGS) Energy Resources Program coordinator.
BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) grouping comprises countries such as Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
The southwest monsoon has further advanced in Bihar covering almost the entire state today including its capital Patna, the MeT department said.
Heavy to very heavy rainfall is expected in many districts of Andhra Pradesh in the next 48 hours under the impact of a deep depression in Bay of Bengal that is likely to intensify into a cyclonic storm.
The Met department has asked people to stay indoors. Kanchipuram collector has also directed fishermen not to venture into the sea. District Collectors have been advised to take all precautionary measures and senior civil servants asked to visit those districts which is expected to receive heavy rainfall.
Quoting a latest bulletin from the MeT department that the deep depression, which was earlier 240 km from Chennai coast, has moved and is now located at 125 km south east of Chennai, an official release said it was expected to move between Chennai and Andhra Pradesh coast today morning.
The Centre's green panel has given its nod to RIL for carrying out eight additional exploratory well drilling to ascertain reservoir capacity and commercial viability of hydrocarbons in the block CY-III-D5 in Bay of Bengal off the coast of Tamil Nadu.
Several parts of east and southeast India have recorded over-40 degrees Celsius temperatures, with Titalgarh in Odisha recording a high of 46.3 degree Celsius yesterday.
Several parts of Tamil Nadu and neighbouring Puducherry continued to receive rains today and the Met office warned that more rains are expected in the next 24 hours as the trough of low pressure in the Bay of Bengal moved near Kanyakumari sea.
State-owned ONGC may not get much compensation even if it is established that natural gas from its idlying fields in Bay of Bengal had migrated to adjoining KG-D6 block of Reliance Industries as the contract does not provide for retrospective penalty for such acts.
ONGC discovered oil and gas in the well F-1 in the northern part of the KG basin block KG-DWN-98/2 or KG-D5, which sits next to the flagging KG-D6 block of Reliance Industries
ONGC board earlier this month approved submission of the draft FDP for one set of oil and gas discoveries made in the eastern offshore Block KG-DWN-98/2 or KG-D5, which sits next to Reliance Industries' flagging KG-D6 area.
According to Skymet, a private weather forecasting agency, the offshore trough running from south Gujarat coast up to Kerala is causing rain in the region. Since last 24 hours, Mumbai has recorded a whopping 283 mm of rain, which pushes the total rainfall received so far in the month of June to 537 mm.
The new envoy was being felicitated here by Indian community at a function organised by Federation of Indian Associations of Victoria (FIAV).
The company had sought .75 per mmBtu, a price it had discovered by inviting bids from consumers in the region. But the oil ministry is inclined to fix the rates at USD 4.2 per mmBtu for the period from June 2010 to November 2014, when a new international hub-based rate came into effect.
The Met Department had earlier said that the southwest monsoon would set over Kerala on May 30, plus or minus four days. The Southwest Monsoon had advanced over the Bay of Bengal by May 21. However, its progress has been sluggish because of anti-cyclone in the Arabian Sea.
Prime Minister Narendra Modi has expressed concern over the issue and the Cabinet Secretary will chair a meeting on Tuesday to assess the situation. The news comes even as the country is battling a severe heatwave which has led to the deaths of over 2200 people.
BP Yadav, director, Indian Meterological Department says the heat wave impacting central parts of India has subsided and temperatures have cooled.