Gas Archives - Newscript EnergyWorld

From Coal to Clean: India’s Energy Sector Hits Historic Turning Point-Energy Update

19Apr

By Newscript News NetworkNo Comments

Energy Transition, News Update, Renewables

From Coal to Clean: India’s Energy Sector Hits Historic Turning Point-Energy Update

Executive Summary This update examines India’s accelerating energy transition through multiple lenses: record renewable growth driving historic emissions reductions, transformative GST reforms unleashing investment, and ambitious infrastructure modernisation plans. We explore corporate developments at Tata Power and Adani Power, regional initiatives in Haryana’s decentralised energy programme, improved mine worker safety protocols, and international partnerships including Zimbabwe’s Jindal deal. The analysis reveals a sector reaching an inflection point where policy, investment and technology converge to reshape India’s energy landscape fundamentally. Energy Prices Hold Firm but Global Volatility Looms India’s energy markets are calm but cautious as WTI crude sits at $63.75 per barrel...

Blowout in Assam: How a Small Local Fumbled a High-Stakes Well, Exposing Systemic Governance Gaps

19Apr

By Newscript News NetworkNo Comments

Power

Blowout in Assam: How a Small Local Fumbled a High-Stakes Well, Exposing Systemic Governance Gaps

Since 12 June, villagers around ONGC’s Well RDS‑147A in Sivasagar have faced an escalating man-made crisis. A routine workover operation—the maintenance and re-entry into an ageing well—has devolved into an eight-day gas blowout, displacing over 350 families, and provoking growing allegations of corporate negligence and unanswered questions about ONGC’s contracting protocols. From Routine Maintenance to Environmental Hazard What began as a perforation “zone-transfer” workover by SK Petro Services Pvt Ltd spiraled when extreme pressure breached standard safety limits. Local residents reported hearing a deafening blast, followed by a low hiss that pervades the area to this day. State disaster teams and ONGC crisis units maintain that BOPs were functional and that they are deploying ...

Deep Holes, Deeper Silence: ONGC’s Lost Decade of Exploration

19Apr

By Newscript News NetworkNo Comments

News Update

Deep Holes, Deeper Silence: ONGC’s Lost Decade of Exploration

In the dim fluorescence of ONGC’s war rooms, maps of basins curl over boardroom tables like parchment from a forgotten empire. Wells are planned. Rigs are deployed. Drills bite through time and sediment. What emerges, often, is silence—expensive, unyielding silence. Over the past decade, ONGC has chased oil with the fervor of a state-sanctioned oracle. It has drilled across the western offshore, the depths of Krishna-Godavari, the quiet basins of Assam. It has spoken of sedimentary promise, of enhanced recovery, of integrated exploration. But between the seismic optimism and the actual production figures lies a trench of uncomfortable truth: ONGC has spent more money exploring than it has succeeded in discovering. From 2013 to 2024, more than ₹70,000 crore has been written off in the...

Oil Crisis Looms: India Faces Energy and Trade Turbulence Amid Middle East War

19Apr

By Newscript News NetworkNo Comments

News Update

Oil Crisis Looms: India Faces Energy and Trade Turbulence Amid Middle East War

By Pallab Bhattacharya As the Middle East plunges deeper into conflict after U.S. airstrikes on Iranian nuclear facilities, the spectre of a global oil crisis is no longer hypothetical. For India, the world’s third-largest oil importer, the fallout is immediate and multidimensional—threatening not only energy security but also trade, inflation, and regional connectivity. Strategic Chokepoints Under Threat The Strait of Hormuz, a narrow waterway off Iran’s southern coast, has become the world’s most-watched geopolitical flashpoint. Roughly 20% of global oil and a third of LNG flows pass through this corridor. For India, the stakes are acute: more than half of its crude oil imports and nearly 70% of its natural gas needs transit this route. Any disruption—whether from Iranian threats ...

ONGC squeezes brownfields while scouting new offshore pools

19Apr

By Newscript News NetworkNo Comments

Oil & Gas Industry

ONGC squeezes brownfields while scouting new offshore pools

Oil and Natural Gas Corporation (ONGC) reported an 18% rise in consolidated profit in Q1 FY26, despite a 20% fall in realised crude prices to $66 per barrel. The story is one of disciplined engineering: smaller exploration finds in Mumbai Offshore, restart of the PY-3 field in the Cauvery Basin, and enhanced oil recovery projects at mature fields in Ahmedabad. Gas is becoming the strategic cushion. ONGC has brought coal-bed methane from North Karanpura to market and commenced supplies from Tripura into GAIL’s city-gas network. These incremental additions mirror international practices—Equinor in Norway and Petrobras in Brazil have likewise prioritised brownfields and small pools when prices soften. Safety remains under scrutiny after a recent fatal incident at subsidiary MRPL. Manage...