logo
CM says ONGC to permanently cap leaking well in Sivasagar, US team in Assam

CM says ONGC to permanently cap leaking well in Sivasagar, US team in Assam

Time of India7 hours ago

1
2
3
4
5
6
Dibrugarh: Assam chief minister Himanta Biswa Sarma on Friday announced that the Oil and Natural Gas Corporation (ONGC) will permanently cap its leaking crude oil well in Sivasagar district after two emergency efforts failed to contain the gas blowout.
"Plan A and B failed to control the escalating gas leak crisis at ONGC's Rudrasagar Field in Sivasagar. Today morning ONGC chairman informed me that the company will activate Plan C, which is permanent capping of the well for controlling the gas leak," Sarma said.
"Capping of the well will begin tomorrow and will be carried out in consultation with the US experts. It is expected to be completed within the next four or five days," Sarma said.
A three-member team from Cudd Well Control, USA, arrived in Sivasagar on Friday afternoon to assist with the crisis. The involvement of the US specialists marks a significant escalation in containment efforts, as nearly 350 families remain displaced in relief camps due to the prolonged emergency.
Multiple containment attempts, including several "junk shot" operations by ONGC's crisis management team, have failed to stop the hazardous gas discharge.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around
Blinkist: Warren Buffett's Reading List
Undo
The US team, known for its expertise in well control and blowouts, began site assessments immediately upon arrival.
"The international experts were given a detailed briefing on the situation and past efforts. They've conducted a firsthand assessment of the site and will begin their specialised intervention on Saturday morning," said a senior ONGC official.
Following high-level consultations with ONGC leadership, the American team proceeded to the site for a detailed situational analysis to determine the advanced techniques required to cap the well safely.
Meanwhile, ONGC engineers have been preparing for the capping effort by clearing non-essential equipment and developing an alternate access route to facilitate safer movement around the volatile zone.
The ongoing crisis has raised concerns over environmental fallout and the wellbeing of displaced residents. The Sivasagar district administration continues to coordinate with ONGC to support for the 350 affected families staying in relief camps.
"We are providing all necessary assistance to the families and remain in close coordination with ONGC's emergency team. Our top priority is public safety and supporting the well-control operations," said Sivasagar deputy commissioner Ayush Garg.
The Rudrasagar oil field is a key production asset for ONGC in Assam, but operations have been halted while containment efforts continue.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dollar edges higher vs yen amid focus on Middle East unrest
Dollar edges higher vs yen amid focus on Middle East unrest

Time of India

time24 minutes ago

  • Time of India

Dollar edges higher vs yen amid focus on Middle East unrest

The U.S. dollar rose to a three-week high against the safe-haven yen and gained ground on the Swiss franc on Friday amid signs tension in the Middle East is easing after Iran backed continued discussions with Europe on its conflict with Israel. Iran's Foreign Minister Abbas Araqchi said Tehran backed further talks with Germany, France, Britain and the EU and would be prepared to meet again in the near future following talks in Geneva. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Israel and Iran have been waging a week-long air battle as the Israeli government seeks to thwart Tehran's nuclear ambitions, and market participants are nervous about possible U.S. attacks on Iran, sparking a surge in the greenback. The dollar index, which measures the U.S. currency against six peers, including the Swiss franc, the Japanese yen, and the euro, is poised to rise 0.6% this week. On the day, however, the index remains flat after a Federal Reserve governor said rate cuts should be considered as soon as July, given recent inflation data. Live Events "The market's already expecting two rate cuts. That was just confirmed by the Fed this week. So, Mr. (Chris) Waller coming out and saying that, would indicate that it's coming sooner rather than later," said Joseph Trevisani, senior analyst at FX Street. Iran said on Friday it would not discuss the future of its nuclear programme while under attack by Israel, as Europe tried to coax Tehran back into negotiations. Meanwhile, the White House said on Thursday that President Donald Trump would decide on the potential involvement of the United States in the conflict in the next two weeks. That helped soothe nervous investors worried about an imminent U.S. attack on Iran, even though the prospect of a broadening Middle East conflict kept risk appetite in check. Brent crude fell more than 2%, but at around $77 a barrel, it was close to the January peak it hit last week. The drop supported the currencies of net oil-importing economies such as the euro and the yen. The euro rose 0.3% at $1.1534, while the yen fell 0.29% to 145.88 per dollar. The recent spike in oil prices added a new layer of inflation uncertainty for central banks across regions, which have been grappling with the potential impact of U.S. tariffs on their economies. Although the Federal Reserve this week stuck with its forecast of two interest rate cuts this year, Chair Jerome Powell warned of "meaningful" inflation ahead. Analysts saw the central bank's delivery as a "hawkish tilt" further underpinning the greenback's gains this week. The Swiss franc was flat at 0.8166 per dollar but was set for its largest weekly drop since the third week of April, after the country's central bank lowered interest rates to 0%. Investors were, however, taken aback by an unexpected 25-basis-point interest rate cut by Norges Bank, and the krone is down more than 2% against the dollar this week. Though geopolitical tensions were the main market focus this week, concerns about a trade war and the impact it may have on costs, corporate margins, and overall growth are ever-present, as Trump's early July tariff deadline looms. These concerns have weighed on the dollar, which is down about 9% this year. Currencies positively correlated to risk sentiment, such as the Australian and New Zealand dollars, were down 0.3% against the buck. Elsewhere, the yuan was flat at 7.1820 after China kept benchmark lending rates unchanged as expected. Sterling was flat at $1.3471, paring earlier gains after British retail sales data showed volumes recorded their sharpest drop since December 2023 last month. "The default setting may be position adjusting," said Marc Chandler, chief market strategist at Bannockburn Global Forex. Currency bid prices at 20 June 07:32 p.m. GMT Descripti RIC Last U.S. Pct YTD Pct High Low on Close Change Bid Bid Previous Session Dollar <=USD 98.701 98.67 0.04% -9.02% 98.898 98.5 index > 36 Euro/Doll 492 Dollar/Ye 175 Euro/Yen 16 Dollar/Sw 55 Sterling/ 457 Dollar/Ca 88 Aussie/Do 452 Euro/Swis 86 Euro/Ster 27 NZ 65 llar Dollar/No 003 Euro/Norw 265 Dollar/Sw 93 Euro/Swed 65

S&P 500, Nasdaq finish lower; investors uneasy about Middle East conflict
S&P 500, Nasdaq finish lower; investors uneasy about Middle East conflict

Time of India

time25 minutes ago

  • Time of India

S&P 500, Nasdaq finish lower; investors uneasy about Middle East conflict

The S&P 500 and Nasdaq ended lower on Friday, with investors on edge over the Iran-Israel conflict heading into the weekend, as the U.S. considers whether to get involved. Trading was choppy for much of the session. The S&P 500 also ended lower for the week, while the Nasdaq registered a weekly gain. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo Iran said it would not discuss the future of its nuclear program while under attack by Israel, as Europe tried to coax Tehran back into negotiations. The White House said on Thursday that President Donald Trump will decide in the next two weeks whether the U.S. will get involved in the Israel-Iran air war, adding pressure on Tehran to negotiate. "Investors are a little bit nervous about buying stocks right in front of this situation and, more specifically, right in front of this weekend," said Rick Meckler, a partner at Cherry Lane Investments in New Vernon, New Jersey. Live Events Israel's attacks have been aimed at suppressing Tehran's ability to build nuclear weapons. A week into its campaign, Israel said it had hit dozens of military targets. Tech-related megacap stocks, including Nvidia, were among the biggest negatives on the S&P 500 and Nasdaq. The Dow Jones Industrial Average rose 35.16 points, or 0.08%, to 42,206.82, the S&P 500 lost 13.03 points, or 0.22%, to 5,967.84 and the Nasdaq Composite lost 98.86 points, or 0.51%, to 19,447.41. For the week, the Dow was little changed, the S&P 500 was down 0.2% and the Nasdaq was up 0.2%. Friday's volume was higher than the recent average. The day marked a "triple-witching" event, which is the simultaneous expiration of stock options, stock index futures, and stock index options contracts that takes place once every quarter. U.S. exchanges' volume was 20.91 billion shares, compared with the 18.06 billion average for the full session over the last 20 trading days. Investors also weighed comments from Federal Reserve officials after the Fed on Wednesday left interest rates unchanged and Fed Chair Jerome Powell warned inflation could pick up pace over the summer as Trump's tariffs work their way to consumers. Fed Governor Christopher Waller said he felt the inflation risk from tariffs was small, and that the Fed should cut rates as soon as its next meeting. Richmond Fed President Tom Barkin took a more tempered view, saying there was no urgency to cut rates. Kroger shares jumped 9.8% after the grocery chain increased its annual sales growth forecast. Shares of Accenture fell 6.9% after the IT services provider said new bookings decreased in the third quarter. Declining issues outnumbered advancers by a 1.1-to-1 ratio on the NYSE. There were 102 new highs and 59 new lows on the NYSE. On the Nasdaq, 1,894 stocks rose and 2,651 fell as declining issues outnumbered advancers by a 1.4-to-1 ratio. (Additional reporting by Kanchana Chakravarty and Sukriti Gupta in Bengaluru; Editing by Devika Syamnath and Rod Nickel)

Early vs. late college applications: When should you apply to study abroad?
Early vs. late college applications: When should you apply to study abroad?

Time of India

time38 minutes ago

  • Time of India

Early vs. late college applications: When should you apply to study abroad?

When it comes to studying abroad, most students focus on where to go and what to study. But one of the most critical and overlooked questions is when to apply. Whether you're aiming for a top-ranked US university, a Canadian co-op program, or a fully funded scholarship in Europe, application timing can directly impact your chances of admission, scholarships, visa processing, and overall peace of mind. So, is it smarter to apply as early as possible or wait until your profile is stronger—even if it's close to the deadline? Let's unpack both paths to help you make a well-timed, strategic decision. Do early applications give a head start? Early applications are usually submitted 6–12 months before the course begins. In most cases, this falls within Round 1 or priority deadlines, especially in countries like the US, UK, Canada, Germany, and Australia. Higher Admission Chances Most universities have limited seats and operate on a first-evaluated, first-considered basis—especially for high-demand programs like Computer Science, Engineering, MBA, or Data Science. At many Canadian universities, Computer Science programs are filled during the first two rounds. Late applicants might be automatically redirected to less popular courses or waitlisted. Better Scholarship Opportunities Scholarships—particularly merit-based ones—are often reviewed alongside early applications. Funds are limited, and many scholarship committees work independently of admission deadlines. The Chevening Scholarship in the UK, DAAD in Germany, and many US university-specific awards require application months before the course begins. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo More Time for Post-Acceptance Planning Early admission gives you a longer runway to: Apply for student visas without panic Secure ideal housing Plan finances, including forex transfers or education loans Attend pre-departure orientation sessions Wider Choice of Programs Applying early means you can target multiple universities without worrying that your dream program might already be full or closed. How late applications can work in your favour Late applications—usually submitted in the final window before the deadline—can still succeed under the right circumstances, especially if you've used the extra time wisely. Improving Your Application Profile If you're retaking standardized tests (IELTS, TOEFL, GRE, GMAT), updating your resume, or polishing your Statement of Purpose (SOP), waiting a few extra months can help you submit a stronger, more competitive application. Tip: A high IELTS score (e.g., 8.0) can help offset a low GPA. If you're close to that, it may be worth the wait. Sorting Out Finances Some students need extra time to: Finalize bank statements Apply for or get approval for education loans Wait for external or government scholarships This makes late applications practical—just ensure you don't miss visa or course cutoffs. Making Informed Choices Maybe you're still choosing between countries or waiting to hear back from your first-choice school. Applying late allows you to: Compare offers Research more options Avoid making impulsive decisions Taking Advantage of Rolling Admissions Some universities (especially in the US and Europe) continue to accept applications until all seats are filled. If you're a strong applicant and the course isn't yet full, late submission can still get you in. Risks of applying too late Despite the flexibility, late applications come with significant risks—especially for popular courses, visa-heavy countries, and scholarship applicants. Fewer Program Seats Available Many courses fill up before the official deadline. For late applicants, it's often a case of 'apply now, hope for a waitlist.' For example, in the UK, UCAS applications submitted by January have better chances. Those submitted by June face reduced options. Little to No Scholarship Access Most internal and external scholarships follow early timelines. By the time you apply, the funding might be fully allocated—even if you're eligible. Housing Issues Student housing is often assigned on a first-come basis. Late applicants may have to settle for: Expensive private housing Long commutes to campus Shared rooms without basic amenities Visa Delays Late applicants often face several challenges when it comes to visa processing. One of the most common issues is delayed document verification, as application volumes tend to surge close to deadlines, slowing down processing times. In addition, embassy appointment slots can become scarce, especially during peak intake seasons. This creates further delays and uncertainty, leaving students with little room to navigate unexpected issues. As a result, there's a real risk of not receiving the visa in time for the course start date. When should you apply? The ideal time to apply depends on how prepared you are. Ask yourself: Are your test scores (like IELTS, TOEFL, GRE, or GMAT) ready? Have you finalized your list of target universities and their requirements? Is your Statement of Purpose (SOP) carefully written, reviewed, and aligned with your goals? Do you have your supporting documents—such as academic transcripts, letters of recommendation, and financial papers—organized and ready to go? If you can answer "yes" to most of these questions, it's a strong signal that you're ready to apply early. If not, that's okay—use the extra time to polish your application and improve your profile. Just make sure to set a personal deadline well before the university's official cut-off, so you're not scrambling at the last minute. Is your child ready for the careers of tomorrow? Enroll now and take advantage of our early bird offer! Spaces are limited.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store