Krishna Godavari

The state-run Oil and Natural Gas Corporation (ONGC) yesterday announced that it will acquire 80 percent stake in debt-laden GSPC's KG basin gas block for USD 995.26 billion.

Hydrofracturing at KG block to yield up to 50 MMSCFD gas: GSPC

"GSPC has carried out four stages of HF successfully in one of the wells....After clean-up, the well is likely to be put under production in the first week of May 2016," the company said in a press release.

ONGC to hold back fresh capital expansion in KG D2 Block

The development of holding back on investments is credited to low crude prices and lack of clarity on premium gas pricing.

Govt cuts natural gas prices by 16% to $4.24 per mmBtu

Speaking to CNBC-TV18, Ex-ONGC head, RS Sharma said the development is a big negative and the government will have to work to revive formulation in order to promote the exploration and production (E&P) sector.

ONGC targets gas production by mid-2018 from east coast

The country's largest oil and gas explorer said it had initiated field development at its block in the Krishna-Godavari basin, which it plans to develop in four clusters.

ONGC seeks MoEF permit for drilling new wells in KG Basin

State-owned ONGC Limited has approached ministry of environment and forest (MoEF) for the permission to drill 24 development wells and to establish production facility in Krishna-Godavari basin, a top official said on Monday.

ONGC seeks MoEF permit for drilling new wells in KG Basin

State-owned ONGC Limited has approached Ministry of Environment and Forest (MoEF) for the permission to drill 24 development wells and to establish production facility in Krishna-Godavari basin, a top official said today.

First CCI meet: No breakthrough in oil, gas blocks issue

The first meeting of the newly formed Cabinet Committee on Investment today failed to break the logjam over defence clearances to oil and gas activities in 39 offshore areas, including Reliance Industries' producing KG-D6 fields.

RIL gas output falls to all time low

Reliance Industries has shut its eighth well on the main gas fields in KG-D6 block, leading to output plummeting to all time low of 20.88 mmscmd.

RIL awaits commerciality declaration for 2 KG-D6 gas find

Reliance Industries is awaiting government approval for two gas discoveries it has made in the Krishna Godavari basin deepsea block, the company's junior partner Hardy Oil & Gas said today.

ONGC looking to hire RIL's unutilised facilities

Oil and Natural Gas Corp (ONGC) is in talks to hire Reliance Industries' unutilised production facilities on the east to quickly bring to production its gas finds in the Krishna-Godavari basin.

RIL, BP cut investment in MA oilfield to USD 1.96 bn

Reliance Industries and its British partner BP plc have revised downwards the investment required for developing the MA oilfield in the predominantly gas-rich KG-D6 block by USD 276 million to USD 1.96 billion.

Gas output from RIL's KG-D6 fields drops to 31.5 mmcmd

Reliance Industries has reported natural gas output at its eastern offshore KG-D6 fields dropping to 31.5 million cubic meters per day this month as high water and sand ingress led to shutting of 8 wells.

RIL's D6 block gas output falls to all-time low

Reliance Industries has seen gas output from its eastern offshore KG-D6 gas fields drop to a fresh all-time low of 39.80 million standard cubic metres per day.

Special bench to hear plea on KG gas exploration case

The Delhi High Court today decided to constitute a special bench to hear a plea seeking a direction to government for cancellation of licence granted to Mukesh Ambani's RIL for exploration of gas in Krishna-Godavari basin.

Reliance Industries strikes natural gas in KG D9 block

Reliance Industries has made a natural gas discovery in the very first well drilled on its D9 block in the Krishna Godavari basin off the east coast of India, its junior partner Hardy Oil and Gas Plc said today.

SMEs in KG basin facing crisis due to gas shortage

A gas-based industrial zone at Krishna-Godavari basin is facing a severe shortage of gas and many small and medium scale (SMEs) industries which depend on gas supply from ONGC are facing a crisis, as per the industry representatives.

RIL free to price gas for non-core users; stock up

Reliance Industries (RIL) is free to price gas for the non-core users and priority sectors such as fertilizer units, power stations to get it for USD 4.2/unikt, reports The Economic Times. It touched an intraday high of Rs 918.20 and an intraday low of Rs 911.80. At 09:25 hrs the share was quoting at Rs 915.80, up Rs 9, or 0.99%.

Upstream regulator: RIL D6 gas output at 50 Mmscmd

Reliance Industries' current gas output from the D6 block in Krishna-Godavari basin is 50 Mmscmd, SK Srivastava, head of the Directorate General of Hydrocarbons, said on Thursday.

Cairn, partners plan $44m drilling programme in Ravva field

Cairn India JV is set to undertake a USD 44 million drilling campaign at its eastern offshore Ravva field at Krishna-Godavari basin from April 1 this year, sources close to the development said.