Page 2 - Oil And Gas Field
Govt challenges Panna-Mukta field arbitration before English High Court
The government has challenged an arbitration award over a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields of Shell and Reliance Industries Ltd.
 "Govt challenges Panna-Mukta field arbitration before English High Court")
Reliance, BP start production at Satellite Cluster ahead of schedule
The second of the three deep-water gas developments, planned jointly, was expected to start production in mid-2021
 "Reliance, BP start production at Satellite Cluster ahead of schedule")
Oil and gas production continues to elude discovered small fields
Officials from many new entrants to India's upstream oil and gas exploration sector point fingers towards delays in clearances and faulty data
 "Oil and gas production continues to elude discovered small fields")
Saudi Arabia's Aramco announces discovery of four new oil and gas fields
Saudi Arabia announced the discovery of four new oil and gas fields, the Saudi Press Agency reported
 "Saudi Arabia's Aramco announces discovery of four new oil and gas fields")
RIL, BP find gas from KG Basin's R-cluster, Asia's deepest offshore field
The two companies are developing three deepwater gas projects in block KG D6, which together are expected to meet 15 per cent of India's gas demand by 2023
 "RIL, BP find gas from KG Basin's R-cluster, Asia's deepest offshore field")
Top headlines: RIL, BP announce major gas find, Modi assures farmers on MSP
Business Standard brings you top news of the evening
Adani Gas acquires CGD network in Ludhiana, Jalandhar, Kutch (East)
All three areas have high volume potential in terms of demand over a period of ten years
 "Adani Gas acquires CGD network in Ludhiana, Jalandhar, Kutch (East)")
Two more months needed to kill damaged Baghjan gas well: Oil India chief
OIL Chairman and MD Sushil Chandra Mishra said it has started taking action against employees responsible for the mishap, which has killed three persons
 "Two more months needed to kill damaged Baghjan gas well: Oil India chief")
Saudi Aramco discovers two oil, gas fields in north of Kingdom: Report
The nearby Abraq at-Tulul field has started producing 3,000 barrels a day of crude, 49,000 barrels of condensates and 1.1 million cubic feet of gas
 "Saudi Aramco discovers two oil, gas fields in north of Kingdom: Report")
Attempt to cap gas well at Baghjan failed, reasons being examined: OIL
Well number 5 at Baghjan has been spewing gas uncontrollably for the last 66 days since May 27 and it caught fire on June 9, killing two of OIL's firefighters at the site
 "Attempt to cap gas well at Baghjan failed, reasons being examined: OIL")
Dharmendra Pradhan bats for splitting GAIL, new gas tariff policy
Plan is to unbundle GAIL into two firms --- one for gas transmission, other for marketing; Ernst and Young appointed consultant
 "Dharmendra Pradhan bats for splitting GAIL, new gas tariff policy")
ONGC gets 28 bids for 50 gas fields in first offer involving private sector
Duganta Oil and Gas Pvt Ltd made four bids, while Orissa Stevedores Ltd, Priserve Infrastructure Pvt Ltd and Udayan Oil Solutions made three bids each.
 "ONGC gets 28 bids for 50 gas fields in first offer involving private sector")
Energy to retail: Reliance is India's reply to Exxon, AT&T, Amazon combined
Billionaire Mukesh Ambani's Reliance Industries is India's answer to US giants Exxon, AT&T and Amazon - all rolled into one, Bernstein Research said on Tuesday. "Reliance has disrupted the energy and telecoms industry in India and is on the cusp of doing the same to retail, fintech, and media," it said in a report adding the company has an enviable track record of innovation and execution. For the oil-to-telecom conglomerate, energy remains core business and is expected to further expand as India is forecast to be the fastest-growing market for fuel and chemical products over the next decade, it said adding the company's partnership with BP of the UK and Saudi Aramco will support this. Reliance owns the world's largest single-site oil refining complex and has multiple petrochemical plants. Three years back it forayed into telecom business and has reached 34 per cent share of market revenue. "Based on the current net add run-rates it will likely reach 44 per cent share by the end ..
 "Energy to retail: Reliance is India's reply to Exxon, AT&T, Amazon combined")
Reliance says its main gas fields in KG-D6 block in late life stage
The company, beginning mid-2020, will bring to production three sets of new discoveries in the block that will reverse the years of decline in production
 "Reliance says its main gas fields in KG-D6 block in late life stage")
Govt mulls spinning off GAIL's gas pipeline business into a separate unit
The plan to carve the pipelines business into a fully-owned unit will bring greater transparency between the two businesses and may allow govt to sell shares at a later date
 "Govt mulls spinning off GAIL's gas pipeline business into a separate unit")
Gujarat govt rebuts Congress, says no underhand dealing in gas field
ONGC will buy GSPC's entire 80 per cent stake in the block
 "Gujarat govt rebuts Congress, says no underhand dealing in gas field")
Small oil and gas field auction date may be extended
Bidding for the auction, the first in over four years, is to close on October 31
 "Small oil and gas field auction date may be extended")
