GUWAHATI / TINSUKIA: The damaged one gas well to Baghjan in Assam was successfully “killed” and the fire was completely put out on Sunday after more than five months of an explosion, Oil India said. The Northeast’s worst industrial disaster claimed the lives of three employees at the largest PSU …
Read More »India to lose Farzad-B gas field in Iran: sources
NEW DELHI: India has almost lost ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran it decided to prefer domestic companies to foreign ones for the development of the field, the sources said. ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas …
Read More »ONGC will be hit by 6 billion rupees as the price of domestic gas drops to $ 1.79 per unit
NEW DELHI: The price of natural gas produced in domestic fields plunged to its lowest level at $ 1.79 per unit (million British thermal units or mBtu) from $ 2.39 on Wednesday, clouding the future capacity of domestic producers like ONGC and OIL to continue supplying, but setting the stage …
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