Oil and Natural Gas, India’s biggest explorer, slipped in Mumbai after Chairman R.S. Sharma declared the company may have had $630 million of losss selling natural gas at below cost last fiscal year. For full story, click here
Oil and Natural Gas Corp. declared that it has added a record 284 million tonnes of oil and gas reserves in the 2008-09 fiscal, the highest addition by the company in the past 18 years. ONGC Chairman and Managing Director R S Sharma stated: Such commendable exploration results in recent years have been made possible [...]
India’s natural gas output is expected to grow by over 60 per cent in the current fiscal on the back of higher output from Reliance Industries’ eastern offshore KG basin block. For full story, click here
Global prices of natural gas which is rising replacing liquid fuel, dipped by more than 50% over the last six months, leading to huge foreign exchange savings on imports. For full story, click here
Get our independent commentary on gas trends and companies delivered to your inbox.
