Reliance Industries has made four new gas discoveries at Krishna-Godavari D6 block, sources told CNBC-TV18's Nayantara Rai. The company has requested the Directorate General of Hydrocarbons (DGH) for commercial approval.
It has made four discoveries for around two trillion cubic feet (TCF), sources said. The four discoveries are spread over 5,000 sq km. The KG D6 block has reserves of 10.03 TCF.
Friday, April 9, 2010
Thursday, April 8, 2010
Friday, April 2, 2010
Writ Petition filed by Krishna Godavari Delta Parirakrashna Samithi, Bhimavaram
Report of the Sub-Committee constituted by the Ministry of Environment and Forests (MOEF) in pursuance to the Direction of Hon’ble High Court of Judicature of Andhra Pradesh at
Hyderabad (Special Original Jurisdiction) dated 29th June, 2009 in respect of Writ Petition No. 13341/08 filed by Krishna Godavari Deltala Parirakshana Samithi, Bhimavaram, West Godavari can be downloaded from :
http://moef.nic.in/downloads/public-information/Report%20on%20subsidence%20in%20KG%20Basin%20in%20Andhra%20Pradesh.pdf
Hyderabad (Special Original Jurisdiction) dated 29th June, 2009 in respect of Writ Petition No. 13341/08 filed by Krishna Godavari Deltala Parirakshana Samithi, Bhimavaram, West Godavari can be downloaded from :
http://moef.nic.in/downloads/public-information/Report%20on%20subsidence%20in%20KG%20Basin%20in%20Andhra%20Pradesh.pdf
Statoil and Petrobras quit ONGC KG basin gas exploration pact
Statiol of Norway and Petrobras og Brazil quit ONGC KG basin gas exploration pact- read at Business Standard
Thursday, April 1, 2010
North Sea oil and gas- impact on UK economy
History has important lessons. What happened to UK economy with discovery of oil and gas in North sea?
The discovery of large quantities of oil and gas in the North Sea has been one of the most dramatic events in the post-war history of the UK. The direct and indirect effects have permeated the whole country. The balance of payments and the public finances have benefited greatly since the 1970s.
The first commercial oil field dates to 1969 when what is now the Arbroath field was discovered. It was the discovery of the giant Forties field the following year that confirmed the exploration potential of the waters off Scotland and led to a rapid succession of further substantial discoveries in the first half of the 1970s. In this period the British economy was suffering from continuing balance of payments problems which were exacerbated by rapidly rising oil import bills.
From an early date local companies were able to become involved in basic activities such as catering, supply boats and bases. Where higher levels of technology were required, existing (foreign) companies had initial advantages which newcomers found difficult to match. This applied both nationally and locally. There have, of course, been some spectacular exceptions such as the Wood Group. In more recent years smaller local companies have become increasingly innovative and have made important contributions to technological progress in the North Sea. Further, local companies have become increasingly involved in export markets in recent years,
source: Prof Alex Kemp
The discovery of large quantities of oil and gas in the North Sea has been one of the most dramatic events in the post-war history of the UK. The direct and indirect effects have permeated the whole country. The balance of payments and the public finances have benefited greatly since the 1970s.
The first commercial oil field dates to 1969 when what is now the Arbroath field was discovered. It was the discovery of the giant Forties field the following year that confirmed the exploration potential of the waters off Scotland and led to a rapid succession of further substantial discoveries in the first half of the 1970s. In this period the British economy was suffering from continuing balance of payments problems which were exacerbated by rapidly rising oil import bills.
Oil production grew extremely rapidly from negligible levels in 1975 to over 2.5 million barrels per day in 1985. The North-East economy shared in this boom. The population trend was dramatically reversed, with Grampian region exhibiting a growth from 436,000 in 1971 to 480,000 in 1981, and 533,000 in 1995. Unemployment rates became extremely low and average male earnings rose from 85% of the UK national in 1972 to well over 100% by 1978.
Many of the traditional industries were not inherently very profitable and their ability to withstand increased costs was very limited. The textiles, papermaking, traditional engineering, fishing and fish processing industries all experienced declines in the period since the 1970s. The continued growth of the oil-related sector countered the loss of employment elsewhere.From an early date local companies were able to become involved in basic activities such as catering, supply boats and bases. Where higher levels of technology were required, existing (foreign) companies had initial advantages which newcomers found difficult to match. This applied both nationally and locally. There have, of course, been some spectacular exceptions such as the Wood Group. In more recent years smaller local companies have become increasingly innovative and have made important contributions to technological progress in the North Sea. Further, local companies have become increasingly involved in export markets in recent years,
source: Prof Alex Kemp
Contribution of IPCL to petrochemical industry in Gujrat
ESTABLISHED in 1969, IPCL represented India's attempt to develop self-reliance in the field of petrochemicals. Until then the Indian market was dominated by multinational companies such as Hoechst, ICI (then the Imperial Chemical Industries) and Union Carbide. The economies of scale associated with the industry and its capital-intensive nature were significant barriers to the entry of private firms. IPCL specialised in the production of the basic building blocks, where manufacturing scales were crucial. This led to the establishment of hundreds of small-scale units producing other downstream products.
By 1979, IPCL had established the first integrated petrochemical manufacturing complex at Vadodara in Gujarat manufacturing Synthetic Organic Chemicals, Plastics, fibre and fibre intermediates from petroleum feed stock. In the early 1980s, IPCL established its second plant at Nagothane, to use natural gas from the Bombay High oil fields as a feedstock. In the early 1990s the company established its third complex at Gandhar in Gujarat.
Benefit to A.P from KG basin gas: Rs 300 per house
Ajay Modi, Business Standard, analysed impact of KG basin gas for the last one. Very informative and needs all appreciation. Some facts reported:
Read article: Business standard
- gas production surpassed oil for the first time.
- savings to power sector Rs 3,000 crores and to Fertliser industry Rs 6,000 crores.
- average saving per household in A.P is Rs 300 per month.
Read article: Business standard
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