The Fuel that lost its Fizz
For the foreseeable future, we won´t be able to do without electricity. And however much we talk about promoting renewables, for all the right reasons, we shall continue to need a substantial component of our energy to come from thermal power, due to various technical factors, not the least of which is grid stability through 24 hours, seven days a week, and 365 days a year.
Will gas shine on power sector again
Environmental considerations weighed heavily in favour of natural gas when the government wanted to promote use of gas in power generation, over two decades ago. Particularly so in India, where available coal quality is very low. Despite natural gas being the clean fuel, coal remains the staple feedstock of power generation in India for various reasons.
ONGC identifies 6 projects to propel its next phase of growth
India´s biggest oil and gas explorer, Oil and Natural Gas Corporation, has identified six major field development projects with an investment of Rs 241,881 million (~Rs 24,000 crore), over and above its flagship development project in the Krishna-Godavari (KG) basin to power the next phase of its growth.
ONGC makes 3 new oil & gas discoveries
Public sector major Oil and Natural Gas Corp (ONGC) has announced that there have been three new oil and gas discoveries in one each of the Krishna-Godavari Basin, Cauvery basin and Mumbai offshore, which allows an interim dividend of 100 per cent to its shareholders.
ONGC lines up Rs.81,800 cr for projects
ONGC has said that it would invest Rs 81,800 crore to bring new discoveries into production and check the decline in output from ageing fields. The company has taken up 15 projects for development. Of these, seven are complete and eight are under implementation.
Reliance Industries plans workover at three wells in KG basin
Reliance Industries (RIL) is planning to initiate workover programme at three wells at D6 block in the Krishna-Godavari (KG) offshore basin to increase gas output in the first quarter of 2014. The next wave of projects in the KG-D6 block is envisaged to be undertaken over the next three to five years and entails a potential total investment in excess of $5bn to develop around 4 trillion cubic feet (tcf) of discovered natural gas resources.