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Krishna Godavari News

02 Oct 2017

India to Develop Muktyala to Vijayawada Stretch of Krishna River

Indian Vice President Venkaiah Naidu will lay the foundation stone for the development of Muktyala to Vijayawada stretch of Krishna River (National Waterways – 4) today (October 03) in Vijayawada, Andhra Pradesh. He will also inaugurate approximately 415 km of National Highways projects worth Rs 1928.46 crores and lay the foundation stone  for another 250 km NH projects worth Rs 2539.08 crores. The Minister of Road Transport & Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation Shri Nitin Gadkari and Andhra Pradesh Chief Minister Shri N Chandrababu Naidu will also be present on this occasion. As per MoU signed with Govt. The Vice President will lay the foundation stone for Phase- I on 3rd October, 2017.

23 Dec 2015

LNG Bharat to Roll Out FLNG Terminal

LNG Bharat Private Ltd is setting up a floating LNG Floating Storage Unit (FSU) with a capacity of 5 million tonnes per annum at Krishnapatnam port in Nellore district the Hindu Businessline reports quoting J. Murthy, the Managing Director. The company had taken 120 acres of land from the port and leased a berth for setting up the terminal and a pipeline would also be laid from Krishnapatnam to Ennore in Tamil Nadu, via Sullurupeta and Sri City. The total project cost, including the terminal and the pipeline, would be Rs. 1400 crores, he said. If the construction commences in May 2016 (as planned), the terminal is expected to be commissioned by December 2017.

09 Jan 2015

Floating Production: What’s New in January?

Photo: Petrobras

2014 Floater Orders – We thought it would be useful to provide a summary of floater orders placed last year. As listed below, 25 units were ordered during the year - 10 FPSOs, one Barge, four FLNGs, seven FSRUs and three FSOs. 2015 Outlook for Floater Orders – The drop in oil/gas prices and ongoing implosion in Petrobras have combined to create a perfect storm in the deepwater sector. More than 170 projects involving oil production floaters and 35 floating liquefaction projects are in the planning stage.

18 Apr 2014

India's Reliance Q4 Sales Rise

Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue. Reliance, which operates the world's biggest refining complex in western India, reported net profit of 56.31 billion rupees for the quarter to end-March, compared with analysts' expectations of 56.62 billion rupees. Its average gross refining margin dropped to $9.30 per barrel from $10.10 a year earlier, although it was up from the preceding quarter's $7.60. Net sales rose 13 percent. Investors have focussed, however, on the oil and gas production business at Reliance, India's second most valuable company which is controlled by its richest man, Mukesh Ambani.

15 Mar 2012

India LNG Terminal to Receive LNG Cargo

India’s third liquefied natural gas import terminal will receive its first shipment this month from Norway, two people with knowledge of the transaction said. The so-called commissioning cargo, which will be used to prepare the site for commercial operations, will be delivered by Excelerate Energy LLC to GAIL India Ltd.’s Dabhol terminal, on the country’s west coast, on about March 27, one of the people said, declining to be identified because the information is confidential. The LNG carrier, called Excelerate, loaded last week at Statoil ASA’s Snohvit LNG plant in the Barents Sea off Norway and is bound for Dabhol, both people said. The ship is currently in the Mediterranean Sea heading east. India is increasing LNG imports after Mumbai-based Reliance Industries Ltd.

16 Jul 2008

RIL, ONGC Ops May Face Shut Down

Reliance Industries and Oil and Natural Gas Corporation may face an imminent shut down of offshore oil and gas operations after the Shipping Ministry issued new norms for vessels operating in Indian waters, the Times of India reported. DG Shipping had in May banned operations of all vessels that are more than 25 years old. ONGC has more than 100 vessels operating off the East and West coast providing supporting services to oil and gas production. A Reliance Industries executive said the company faced a similar fate for its 40-plus vessels working on bringing the gas field in Krishna Godavari basin to production. Source:   Times of

23 Oct 2007

ONGC to Invest Over $5B in Offshore Gas Finds

Oil and Natural Gas Corp. (ONGC) plans to invest over $5b to produce 25 million standard cubic meters per day (mmscmd) of gas from its eastern offshore Krishna Godavari fields by 2013. The state-run firm submitted to the regulator Director General of Hydrocarbons an appraisal program of the discoveries it had made in KG offshore basin, putting the in-place reserves at 6.37 Trillion cubic feet (Tcf), industry sources said. Besides natural gas, ONGC also plans to produce 8,000 barrels of oil per day from the fields. The reserve estimates and production plan in ONGC's appraisal program, however, do not include its ultra-deepwater UD-1 discovery in KG-DWN-98/2 block adjacent to Reliance Industries' prolific gas discovery block KG-D6.

05 Jun 2007

ONGC-Petrobras Make a Deal

According to www.business-standard.com, Oil and Natural Gas Corporation (ONGC) has signed a deal with Brazil’s Petrobras for exchange of stakes in oil blocks in each other’s countries. ONGC will reportedly offer Petroleo Brasileiro SA (Petrobras) stake in its deepwater oil and gas block in the Krishna-Godavari basin, in which it discovered gas reserves estimated at 5-15 trillion cubic feet. In return, Petrobras – according to the report – will offer ONGC Videsh Ltd (OVL) stake in oil blocks in Brazil.

01 Nov 2006

Helix Receives LOI for Reliance Project in India

Helix Energy Solutions Group, Inc. has executed a letter of intent with Allseas Marine Contractors S.A. for the installation of the subsea infrastructure in connection with Allseas' engineering, procurement, installation and construction of Reliance Industries Ltd.'s Dhirubhai gas field development project in the Krishna Godavari Basin in the Bay of Bengal. Helix plans to use its deepwater construction vessel Express and its dive support vessel Eclipse on this project. The work consists of the installation suction piles, manifolds, rigid jumpers and spool pieces, flying leads and trees. The work is scheduled to commence in the fourth] quarter of 2007. The estimated contract value is in the $140-150 MM range and the vessel utilization exceeds 400 days.

21 Apr 2006

India’s Shipping Companies Look to Offshore Investments

With the boom in the oil and gas exploration sector, fueled by the recent awarding of new blocks under NELP VI, Indian shipping companies are tanking up to sharpen their focus on the offshore segment. Only last month, Oil and Natural Gas Corporation (ONGC) came out with a tender for chartering of around 26 offshore supply vessels, with mobilization requirement up to the third week of November. Shipping companies such as Great Eastern Shipping, Varun Shipping and Mercator Lines have lined up significant investments in this sector in the current fiscal. In fact, the boom in the offshore sector is one of the reasons that prompted GE Shipping to de-merge its offshore division into a separate company, Great Offshore Ltd, to get higher valuations from this business.