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India’s Union Cabinet Thursday approved the proposal of the Ministry of Petroleum & Natural Gas to permit GA1L( India) Limited to sign the Gas Sale & Purchase Agreement (GSPA) with TurrnenGas, Turkmenistan's national oil company, for the $7.6 billion Turkmenistan-Afghanistan-Pakistan-India...
India’s union cabinet on Thursday is likely to consider pricing issue for Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. The Cabinet has already approved and rectified the agreement for this project. Business Line has reported that the cabinet is likely to discuss price for...
India’s Ministry of External Affairs (MEA) has asked ONGC Videsh Limited (OVL) not to go ahead with its acquisition of hydrocarbon assets located in deep water in Falkland Islands, the Hindu reported. ONGC Videsh has planned to bid for for two oil and gas blocks up for offer in the Falkland Islands.
Oil & Natural Gas Corp and other energy firms in India may have to drill for at least four years before producing the first commercial shale gas in the nation, Bloomberg reported. ONGC is studying data for shale- gas deposits and awaiting a government policy on commercial drilling, Sudhir Vasudeva...
With the aim of weaning away India from Iranian energy products, US may supply shale gas in liquefied form to Asia’s third biggest economy. Desperate to corner Iran in concert with other countries, the U.S. has been seeking sharp reduction in Indian oil purchases from Iran. The Hindu reported...
By Air Cdre (R) Khalid Iqbal Concept of energy security does not have a uniform meaning due to the complexities arising out of regional intricacies and global market dynamics. World Bank defines energy security as ‘the sustainable production and use of energy at reasonable costs to...
By Jen Alic for Natural Gas Europe Turkmenistan is reportedly gearing up to sign a natural gas agreement with Afghanistan, Pakistan and India by the end of this month in a move that would provide the foundation for building a pipeline connecting the four countries despite major security concerns...
GEECL plans to drill 184 new wells on its Raniganj coal bed methane block over the next five years. It also will deploy another rig to increase output. “We will continue to drive our ramp-up in production in 2012, with a second rig being deployed at Raniganj and best in class technology being...
ONGC may soon take a call on the farm-in opportunities in its four coal bed methane blocks in West Bengal and Jharkhand, Business Line reported. The issue may come up for discussion during the scheduled ONGC board meet on May 15. The state owned firm has received interest from Great Eastern Energy...
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is in talks to buy 25 per cent stake in an exploration block off Falkland Islands in the South Atlantic sea, Press Trust of India reported. Falkland Oil and Gas Limited, an oil and gas exploration company focused on its...