Reliance Industries announced that it will start pumping natural gas from its deep-sea block early next year, putting India’s most valuable firm on track to earn a quarter of its profit from oil and gas production. Chairman Mukesh Ambani said: Its impact on the fortunes of India and Reliance will be enormous, contributing to foreign [...]
Victory Energy Corporation today announced updates on drilling and production progress at its Canyon Sandstone natural gas field in the Texas Permian Basin. Jon Fullenkamp, President and CEO of Victory Energy Corporation, stated: In the last 14 months, Victory has successfully acquired and drilled eleven producing wells. For full story, click here
The government is likely to gain Rs 16,000 crore from the sale of gas from Reliance Industries’ Krishna Godavari basin at $4.20 per mmbtu (unit of natural gas) and not lose Rs 30,000 crore, as suggested by Reliance Natural Resources (RNRL), argued RIL’s counsel before the Bombay High court on Thursday. For full story, click [...]
Reliance Industries (RIL) is expected to produce natural gas from its Krishna-Godavari (KG) basin by February next year, said an official in the petroleum ministry, who didn’t wish to be named. For full story, click here
With a new partner, favorable tax terms and an extended state exploration license, a group of businesses is looking for natural gas in the Nenana basin after a three-year hiatus in its exploration venture. For full story, click here
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