KG Basin

KG Basin News

ONGC gets environmental clearance for drilling in KG basin

"The proposal was first vetted by the expert appraisal committee. Based on its recommendation, the environment ministry has given the final environment clearance to ONGC for exploratory drilling of five wells in the KG Basin," a senior government official said.

KG Basin issue: Opposition demands PM Modi respond to CAG report

BJP Minister called the opposition's actions as 'diversionary tactics' and said, "They are trying to divert attention from AgustaWestland (helicopter) deal"


Krishna Godavari basin: RIL fails to name arbitrator in KG-D6 dispute

RIL in the notice has said that the October 2013 order breached its right to retain the fields and the time period for approving these discoveries 'never expired'.

Unlike 2G, CAG said KG basin loss was ‘real’: Jairam Ramesh

Addressing mediapersons here, the former Union minister said the CAG had rapped GSPC for investing Rs 19,576 crore in a Krishna-Godavari (KG) block for gas exploration.

Back Story: The story of GSPC, theme of the latest BJP-Congress joust in House and outside

In a report tabled in Gujarat Assembly in 2012, the CAG severely criticised GSPC’s operations in KG block, and said “numerous faulty investment and destructive administrative decisions” had led to a loss of Rs 7,000 crore to the company.

Allegations against Modi baseless, no GSPC decision was taken by government

Saurabh Patel: The allegations of gas not being there, the allegations of corruption are nothing else, but diverting attention from the existing charges of corruption against UPA


Congress demands JPC in KG basin as CAG picks other holes in Gujarat's development

The latest CAG report on Gujarat has highlighted many such gaps in PSU projects in the states as well as development schemes, raising doubts about the 'Gujarat model'.

KG Basin row: Cong seeks JPC probe into PM’s role in GSPC ‘mismanagement’

Congress sources said the party planned to raise the issue in Parliament to put the government and the PM on the mat.

Oil Ministry says no to joint CAG audit with RIL, Cairn India

RIL has accused the CAG of exceeding its brief while auditing spending on KG-DWN-98/3 block by questioning operational decisions taken eight years back.

GSPC seeks $13 for natural gas before beginning production

GPSC is almost ready to begin production from its DDW gas field in Block KG-OSN-201/3 off the Andhra coast.