Gas Fields

  • Mumbai Gas leak: ONGC halts drilling operations, all workers evacuated 3 days ago

    Mumbai: 48 personnel have been evacuated after a high pressure, highly inflammable gas leak took place at a well that the state-owned ONGC was drilling at its prime Mumbai High oil and gas fields, off Mumbai coast on Saturday evening. Drilling operations have been temporarily stopped at the refinery and efforts...
  • ONGC moves Delhi HC against RIL over alleged gas theft May 15, 2014

    New Delhi: State-owned oil and gas major Oil and Natural Gas Corporation (ONGC) has moved the Delhi High Court against Mukesh Ambani's Reliance Industries. The ONGC has accused the RIL of exploiting substantial gas from its natural gas block. The two companies have been involved in a face-off for the last...
  • Reliance Industries net profit jumps 19 per cent to Rs 5,352 cr July 19, 2013

    Mumbai: Reliance Industries on Friday reported a 19 per cent jump in its April-June quarter net profit at Rs 5,352 crore on back of higher refining margins. Net profit in the first quarter of 2013-14 at Rs 5,352 crore was 18.9 per cent higher than profit of Rs 4,503 crore in...
  • ONGC, OIL buy 10 per cent stake in Mozambique gas field June 26, 2013

    New Delhi: State-run explorers Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) will buy the 10 per cent stake of Videocon Industries in a Mozambique gas field for about $2.5 billion. Videocon Mozambique Rovuma 1 Ltd, a subsidiary of Videocon Mauritius Energy Ltd, holds 10 per cent participating...
  • RIL's key gas fields may run out in 5 years: Analysts October 9, 2012

    New Delhi: Reliance Industries' key gas producing fields off the Andhra coast could be exhausted in five years, Morgan Stanley analysts said in a report. The researchers' findings are based on estimates by block D6 partner Niko Resources that total proved plus probable reserves at the block had decreased to...
  • 'Crony capitalism deal between Oil ministry, RIL' June 17, 2011

    Ahead of the monsoon session of Parliament, the leaked CAG report on RIL is adding oil to the opposition fire. Demanding that the Prime Minister issue a statement to clear the air, the CPM said the deal was another example of crony capitalism. ...
  • Anil Ambani group alleges misconduct by oil regulator October 7, 2009

    New Delhi: The Anil Ambani group has alleged misconduct by Director General of Hydrocarbons V K Sibal in a petition filed in the Supreme Court on Tuesday and said he had a role in allowing a huge hike in the Capital expenditure of Krishna-Godavari gas fields awarded to Reliance Industries. The...
  • Putin comes calling to India June 18, 2007

    New Delhi: Devoid of any drama, but high on symbolism, Vladimir Putin is the first Russian president to be chief guest at the Republic Day parade in India. Politically and strategically, India is re-affirming the importance of a tried and tested friend. Says Professor of Russian Studies, JNU, Ajay Patnaik,...