The recent changes in oil and gas exploration & production regulations, some of which envisages going back to earlier system, indicate the challenges being faced by the sector. Natural gas production seems to be even more complex because of inability to extract gas despite high initial projections. Operational challenges get compounded by policy dilemma involving … Continue reading Natural Gas Market in India – An Overview
The announcement on buyout of Gujarat State Petrochemical Corporation’s (GSPC) assets in K-G basin block by ONGC earlier this week puts an end to GSPC’s audacious attempt to establish itself as an important gas producer. GSPC struggled for more than half a decade to extract gas from the field after a high profile announcement on … Continue reading Understanding ONGC – GSPC Gas Block Deal.