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Green panel approves Reliances exploratory drilling project

The Dollar Business Bureau The green panel of the center has given approval for RIL to carry eight additional well drillings. The main reason is to ascertain the commercial viability and reservoir capacity of hydrocarbons in the CY-III-D5 block in the Bay of Bengal off the Tamil Nadu coast. Under the New Exploration Licensing Policy-III, Reliance Industries was given the exploratory rights for hydrocarbons in the offshore block CY-III-D5. Reliance has already been given the approval to drill 11 exploratory wells in this block. Of the 11, nine have already been drilled with hydrocarbons discovered in three. Reliance is planning to drill additional eight exploratory wells with a view to establishing reservoir capacity in the block, as seismic data and the drilling campaign ...

India seeks affordable LNG import from Australia

Union Minister Piyush Goyal is leading a delegation for the 3rd India-Australia Energy Security dialogue in Australia. The Dollar Business Bureau On Tuesdya, the Indian minister met Queensland Premier and said that India is running the worlds largest renewable energy expansion programme and would welcome cost competitive supply of gas from AustraliaIndia is willing to consider long-term fixed price contracts for the supply of gas from Australia to ensure power for all at affordable price, Union Minister of State for Coal, Power and New and Renewable Energy Piyush Goyal has said. Goyal is leading a delegation for the 3rd India-Australia Energy Security dialogue in Australia. On Tuesdya, he met Queensland Premier Annastacia Palaszczuk and said that India is running the worlds largest ...