Gas Production

ONGC's exploration director Sushma Rawat tells Moneycontrol that the oil giant is aided by improved technologies and competitive market prices. The company will also submit its field development plan for its Mahanadi block to the Directorate General of Hydrocarbons this fiscal.

Essar Oil & Gas to triple capex to Rs 1,500 crore in FY25 to boost production

The company plans to ramp up output by FY27, in line with Prime Minister Narendra Modi’s mission of Aatmanirbhar Bharat, said CEO Pankaj Kalra.

BP CEO calls for more oil and gas investment while prioritising energy transition

Emission levels have risen since the Paris conference on climate change in 2015, despite global efforts, he said, and highlighted that maintaining a methodical approach to the energy transition is essential

Reliance to start gas production from MJ field this quarter

KG-D6 off the Andhra coast is India's only deepwater block under production.

RIL may record 17% growth in Q4 operating profit, single-digit rise in topline, bottomline

Analysts will watch out for more clarity on the Rs 75,000-crore investment in the new energy business, growth in retail store additions and pricing in the telecom business

India caps trading margin on resale of gas from deep sea fields

The federal government fixes the ceiling price of gas produced from the deepwater fields as the nation wants to increase the share of natural gas in its energy mix to 15% by 2030 from the current 6.2%.

Why the government is wrong in asking ONGC to cede Mumbai High's oil fields 

There is only one reason ONGC is on its knees, and it is government interference in every aspect of the company’s operations. 

ONGC gas output drops 15% as shut factories refuse to take supplies

Oil and Natural Gas Corp (ONGC), which produced 64.3 million standard cubic meters of gas per day (mmscmd) prior to the lockdown imposed on March 25, has reduced the flow to 53.4 mmscmd, sources aware of the development said.

ONGC logs Rs 4,000 cr loss on gas production due to cap on prices

As per a new mechanism approved by the government in October 2014, the price of domestically produced natural gas is to be revised every six months -- April 1 and October 1 -- using weighted average of rates prevalent in gas surplus markets like Henry Hub (US), National Balancing Point (UK excluding Russia), Alberta (Canada) and Russia.

ONGC's planned $11 bn investment to raise gas production by 30% over 3-4 yrs

ONGC plans to invest USD 11 billion in exploration which will help it increase gas production by up to 30 percent over the next 3-4 years, an article in the Mint reported today.

India may set up fertiliser plant in Brunei: Ansari

"We are exploring with them the possibility of using their gas locally for setting up a fertiliser unit," India's Vice President Hamid Ansari told reporters.

ONGC may spend $7 bn to develop east coast block: DK Sarraf

ONGC's block in the Krishna-Godavari basin should produce 77,000 barrels per day of oil and up to 17 million cubic metres a day of natural gas at peak rate, DK Sarraf told reporters, after ONGC reported a 14 percent jump in quarterly net profit.

Essar Oil's CBM block production rises to 0.5 mmscmd

Essar Oil said it has built a high quality infrastructure gas conditioning and compression stations, in-field pipelines of 120 kms and last mile pipeline connectivity network to end users of about 60 kms.

RIL Q3 above expectations; target at Rs 1,027/sh: IIFL

The house has a buy rating on the stock with a target price of Rs 1027 said Prayesh Jain in an interview to CNBC-TV18

Non-adherance to KG-D6 plan be taken as default: Panel

A Parliamentary Standing Committee on petroleum and natural gas has observed that non- adherence by Reliance Industries to the approved field development plan of KG D-6 block be construed as "default".

RIL to repair wells to increase KG-D6 gas output

Reliance Industries will repair a third of the wells shut at its main gas field in the eastern offshore KG-D6 block to boost output in the first quarter of 2014.

Zero duty on imported gas should be for all sectors: GAIL

Gas Authority of India Limited (GAIL) feels that though the government's decision for no duty on imported gas for power generation, it should be implemented for all purposes, he told CNBC-TV18.

Mukesh declares tame gas target, thrust on retail at AGM

CNBC-TV18‘s Sajeet Manghat reports, quoting sources, that the target of 60 mmscmd of gas is to met from fields other than the currently producing fields of KG-D6.

RIL may have to pay $1.8bn for dipping production in KG-D6

In an exclusive, CNBC-TV18's Nayantara Rai says given the falling gas production at the KG-D6 basin, the government may just ask Reliance to pay or make adjustments of nearly USD 1.8 billion.

Reliance loses status as India's most valuable firm

Reliance Industries, for long the darling of Indian investors, was knocked off its four-year long perch as the country's most valuable company, as fears over slowing gas production dragged its stock down almost 30% this year and led to the first full day of trade with Coal India on top.

India asks Reliance to boost gas output with more wells

Gas production from a key block off the east coast operated by Reliance Industries has fallen further, the upstream regulator said on Monday, adding the company has been asked to drill 11 new wells by April 1, 2012, to boost output.

RIL could be penalised for gas shortfall: Source

The government is considering a penalty for Reliance Industries for falling short of targeted gas production at its D6 block, an oil ministry source said on Wednesday.

Gas production to be key trigger in RIL Q4 results: Choksey

In an interview with CNBC-TV18, Deven Choksey, MD of KR Choksey Shares and Securities spoke about his expectations from the oil and gas major Reliance Industries' quarterly numbers.

RIL gas output to touch 67 mmscmd; to add 22 wells by April

The Directorate General of Hydrocarbon (DGH) says that RIL’s gas output may touch 67 mmscmd by April this year. The DGH also adds that RIL will have 22 gas producing wells in April versus 18 which they currently have.