Greenpeace activists blocked the entrance to BP's London headquarters on Monday, demanding one of the world's biggest energy companies ends all new oil and gas exploration or goes out of business. Greenpeace
Natural Gas Exploration
Ajay Modi / New Delhi September 27, 2010, 0:34 IST The government will launch the ninth round of the New Exploration Licensing Policy (Nelp-IX), which will see an auction of around 35 oil and gas blocks, on October 18, with a road show in Mumbai. Some of these blocks could be from the eighth round, for which no bids were received.
<p>After mulling over whether China and India should divide hydrocarbon reserves among themselves, the Government of India has told its energy majors to sign up more contracts no matter what. But Delhi is in a bind. To compete with China’s oil giants, India’s energy firms will have to bulk up.
New Delhi: ONGC plans to invest over $10 billion to develop its new gas field in the KG basin for production. ONGC aims to develop the KG basin through four different projects.
India and the US have signed an agreement for cooperation in the field of shale gas. The memorandum (MoU), signed in Mumbai on Saturday, will enable India to commence exploration for this and reduce its heavy dependence on imported energy sources.