Contraction due to decline in production of crude oil, natural gas, refinery products and steel
Coal, electricity and steel, which constitute over half of the core sector index, showed a rise in production in September
India's crude oil production fell 6.35 per cent to 2.5 million tonnes in April for the same reason
The rate for gas produced from difficult fields will be $5.61 mBtu on gross calorific value basis.
A few companies who got blocks under DSF-I are considering surrender of their blocks too as they are left with only three months to start production
The PSU major Indian Oil Corporation said vehicle fuel and LPG supply in Tinsukia, Dibrugarh, Sivasagar, Golaghat and Jorhat districts in upper Assam have been severely affected.
CMPDI informed the ministry that a model contract document and request for proposal to select CBM developer have been prepared and submitted to coal companies, the official said.
After witnessing a decline till 2016-17 due to less than expected output from the Krishna Godavari (KG) basin and ageing wells, the country's natural gas production has bounced back, registering five per cent growth in April-August of FY17.Natural gas output is expected to expand in the coming years and touch a level of 36 billion cubic metres (bcm) by 2020, says a report by Care Ratings.The country plans to increase its gas usage in the energy mix to 15 per cent from the current 6.5 per cent. World average for gas use in energy is 24 per cent.Rise in production would also be supported by the amount of investments in exploration and production segments. As per the estimates of the Ministry of Oil & Gas, there is scope of $300 billion worth of hydrocarbon projects in the country.Reliance Industries Ltd along with its partner BP Plc, has decided to invest $6 billion for the development of new R-series gas fields in the KG-D6 block. Similarly, Oil & Natural Gas Corporation (ONGC)