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Explained: The Importance Of ONGC Commencing Commercial Production From Its Deepest Gas Field In KG Basin

State-run Oil & Natural Gas Corporation (ONGC) has achieved a major milestone for its flagship KG-DWN-98/2 deep-water block in Krishna-Godavari basin in Bay of Bengal. .....

Nov 15, 2022

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After many twists and turns, how RILs KG basin gas output and price realisation are rising

The year was 2002. In what could potentially cut India’s high energy imports, Reliance Industries (RIL) announced a historic gas discovery at the D6 (Dhirubhai-6) block of the Krishna Godavari (KG) basin......

Apr 28, 2023

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ONGC Set To Resume KG Basin Production In Boost For India''s Energy Self-Reliance

The production will help India save nearly Rs 11,000 crore per year as the country imports 85% of its crude oil requirements. .....

Nov 21, 2023

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ONGC set to start oil output from KG basin block in May, gas next year

ONGC plans to start oil production from the Bay of Bengal block with volumes of 10,000 to 12,000 barrels per day (bpd), which will be ramped up to peak production level of 45,000 bpd in two to three months. .....

Feb 08, 2023

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KG basin to drive ONGCs production growth in 2023, say analysts

The oil giant announced that its offshore drilling rig ‘Sagar Samrat’ was commissioned as a Mobile Offshore Production Unit (MOPU) on 23 December 2022. .....

Jan 05, 2023

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ONGC to start oil production in KG basin by June

The total oil production from the block is expected to be 23.526 million metric tonne and total gas production is likely to be 50.706 Billion Cubic Metre (BCM). .....

May 06, 2023

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Indias RIL, BP offer condensate from KG-D6 basin

Indian private-sector refiner Reliance Industries (RIL) and BP are offering seven condensate cargoes from "difficult fields" in the Krishna-Godavari (KG) basin off India''s east coast through an e-auction. .....

Nov 10, 2023

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NARCL makes Rs 1,003 crore offer for Meenakshi Energy

According to the persons mentioned by ET, the government-sponsored NARCL''s amended offer, which it submitted last week in response to a request from the company''s lenders, is 11% higher than its initial offer. .....

Oct 26, 2022

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Vedanta to acquire Meenakshi Energy for Rs 1,440 crore through insolvency

"Post submission of bid for Meenakshi Energy Limited under Corporate Insolvency Resolution Process (CIRP) under IBC, Vedanta Ltd has been declared successful bidder on January 18, 2023 subsequent to which board of directors of Vedanta Limited has ap.....

Jan 20, 2023

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NARCL offer for Meenakshi Energy and Helios Photo triggers Swiss Challenge auction

This week itself the NARCL has offered to acquire two loans -Meenakshi Energy and Helios Photo Voltaic Ltd, makers of solar energy equipment - which has triggered Swiss Challenge auctions, the people said. .....

Nov 03, 2022

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