Latest news with #ONGC
Hans India
10 hours ago
- Business
- Hans India
Need to safeguard oil and gas supply chains amid geopolitical uncertainties: Report
New Delhi: With India projected to grow at over 6 per cent annually and its primary energy demand increasing at a CAGR of 5.5 per cent, there is an urgent need to safeguard oil and gas supply chains amid rising geopolitical and market uncertainties, according to a report released on Friday. Over 85 per cent of India's crude oil needs are met through imports, positioning the country as the world's third-largest oil importer. 'Geopolitical instability, especially in chokepoints like the Hormuz Strait and Suez Canal, threatens consistent crude supply and pricing,' said the report by the PHD Chamber of Commerce and Industry (PHDCCI). Brent crude prices are forecast to decline from $81 per barrel in 2024 to $66 per barrel in 2026, driven by supply expansion outside OPEC+ and moderate demand growth. 'India's economic growth trajectory demands resilient and diversified energy sources. This report provides an integrated roadmap to navigate future energy challenges while ensuring affordability, accessibility, and sustainability,' said Hemant Jain, PHDCCI President. The industrial sector now consumes approximately 40 per cent of India's total energy, making it the largest single energy-consuming sector in 2023. 'Over past three decades, industrial energy demand has tripled, and industry accounts for approximately 36–38 per cent of final energy consumption,' the report noted. Currently, India' domestic oil and gas production is centred in Assam, Gujarat, Rajasthan, Mumbai High and the Krishna Godavari Basin. Hydrocarbon Exploration and Licensing Policy (HELP) launched in 2016 has simplified approval processes, with attractive fiscal terms, and bolstered licensing and exploration activity. By mid-2024, 144 blocks covering approximately 243 000 km² had been awarded, though international companies have largely avoided participation, favouring other countries with more attractive terms. Offshore production is set to increase thanks to additional supplies from ONGC's deepwater KG-D5 project between 2025 and 2030. However, offshore (and overall) gas supply growth will be tempered by plateauing output from the KG-D6 fields and declining production from legacy assets like ONGC's Mumbai offshore fields. According to recent reports, India may be inching closer to a game-changing offshore oil discovery in the Andaman Sea — one that could hold as much as 184,440 crore litres of crude oil and rival Guyana's transformational find, Union Petroleum and Natural Gas Minister, Hardeep Singh Puri, has hinted. According to projections, India's natural gas production is also expected to rise to 54.7 BCM by FY 2029-30.
India Gazette
11 hours ago
- General
- India Gazette
Assam gas leak; US experts have arrived, capping of well will start on Saturday June 21: Assam CM
Sivasagar (Assam) [India], June 20 (ANI): An expert team of USA has reached India and the process of capping of ONGC Rudrasagar Field which is struggling to check the gas leak and fire for last few days, will start from Saturday, June 21, said Assam CM Himanta Biswa Sarma in a press conference. According to ONGC, a new, safer, and more practical plan is now in motion to control the leak. A team of expert engineers from the United States have arrived at the site to assist in the operation. Full-scale work under the new strategy of capping the field is set to begin tomorrow. Earlier in the day, Assam Chief Minister Himanta Biswa Sarma also shared an update regarding the fire of ONGC Rudrasagar Field on his X handle, stating that nearly 50 per cent of the groundwork, including site preparation and equipment setup, has been completed and a team of experts from the US is about to reach the site to provide support. He posted, 'We've received an update from @ONGC on the ongoing operation at the RDS 147A well site in Sivasagar. After exploring multiple approaches with great effort and precision, ONGC is now advancing with a more practical and safer strategy to cap the leak. Close to 50% of the groundwork--such as site preparation and equipment mobilisation--has already been completed.' He added, 'A team of experts from the United States is reaching the site this evening to provide additional insights and support. Full-scale operations under the new plan are set to begin tomorrow. The Government of India and Government of Assam are monitoring the situation 24x7 and are fully committed to ensuring safety, restoring normalcy, and resolving the issue at the earliest.' So far, ONGC has tried several 'junk shot' methods using different materials and pressure techniques to stop the gas discharge. As the situation continues, an alternate route is being developed to allow safer movement to and from the well site. For safety, bunk houses and non-essential equipment are being removed from the area. Water blanketing--a method used to reduce fire risk--is ongoing around the clock. Air quality is being checked continuously, and all levels, including gas and dust particles, are reported to be within safe limits. ONGC, along with district officials, is also helping the families affected by the incident. The company has said it remains fully committed to protecting the safety of the local community and the environment. The Government of India and the Government of Assam are monitoring the situation closely and are working together to resolve the issue as quickly and safely as possible. (ANI)
Time of India
18 hours ago
- General
- Time of India
ONGC steps up efforts to control gas discharge at Assam well, US experts to join operations on June 20
New Delhi: Oil and Natural Gas Corporation Limited (ONGC) has carried out multiple junk shot operations using different combinations of materials and pressure ranges to contain the gas discharge from Well RDS 147A in Assam. The discharge control efforts are underway with additional reinforcements expected. An international team of well control experts from the United States is scheduled to reach the site by the evening of June 20 to support ONGC's response operations. The team will bring specialised expertise to augment the ongoing containment efforts. ONGC has also initiated the development of an alternate route to facilitate safe and efficient movement to and from the well site. In addition, bunk houses and non-essential equipment are being removed from the surrounding area. Water blanketing operations are being maintained around-the-clock as a key safety measure. Preparations for the next phase of well control, including dynamic well killing strategies, are progressing. Ambient air quality monitoring is being conducted continuously in and around the site. ONGC said all parameters, including Particulate Matter (PM) levels and gas concentration, remain within permissible limits. The company is also extending support to affected families in coordination with the district administration. ONGC said it remains fully committed to ensuring the safety of the local community and the environment, and is working in close coordination with national and international experts to resolve the situation at the earliest.
Time of India
21 hours ago
- General
- Time of India
US experts to arrive in Sivasagar today to tackle ONGC gas leak
1 2 3 4 Dibrugarh: A specialised team of well control experts from the United States is set to arrive at the site of the ongoing gas blowout at a ONGC rig in Sivasagar on June 20, the state-run oil major announced on Thursday. The blowout, which began on June 12, has led to uncontrolled gas leakage, forcing the evacuation of nearly 350 families, who remain in relief camps as authorities struggle to contain the leak. In an official statement, ONGC's corporate communications department said, "Oil and Natural Gas Corporation Limited (ONGC) continues to make concerted efforts to control the gas discharge from Well RDS 147A in Assam. Multiple junk shot operations using different combinations of materials and pressure ranges have been undertaken." The arrival of the US team is expected to significantly bolster efforts to plug the leak. "An international team of well control experts has been mobilised from the United States of America and is expected to reach the site by the evening of June 20, to augment the response with specialised expertise," the statement added. While awaiting the foreign experts, ONGC has intensified safety protocols, including water blanketing operations to prevent fire hazards and continuous air quality monitoring. The company assured that particulate matter (PM) levels and gas concentrations remain within safe limits. Preparations for advanced well-killing techniques are underway, and non-essential equipment has been removed from the vicinity to minimise risks. An alternate access route is also being developed to ensure safer movement around the site. Local authorities and ONGC are providing aid to displaced families, with relief camps set up for those unable to return home. The district administration is closely monitoring the situation. "ONGC remains fully committed to ensuring the safety of the local community and the environment and is working in close coordination with national and international experts to resolve the situation at the earliest," the company said.
India Today
a day ago
- Business
- India Today
ONGC well blanketed by water to avoid fire: Union Minister on gas leak in Assam
Union Petroleum Minister Hardeep Singh Puri on Wednesday said that well control operations are underway in full swing at the Oil and Natural Gas Corporation's (ONGC) RDS 147 A site in Sivasagar, Assam, where a blowout at a crude oil well has led to a sustained gas leak for eight consecutive days that started on June to X, Puri shared that the site is being handled by a Crisis Management Team comprising experienced blowout control specialists. He also thanked Assam Chief Minister Himanta Biswa Sarma and state authorities for their prompt support in relief and evacuation Union Minister said the well is being continuously blanketed with water to prevent fire, and the released gas - 97% methane - contains no toxic substances. "Being lighter than air, the gas is dispersing upwards and not accumulating on the ground," he noted, adding that air quality near the well mouth remains within safe limits even within 50 to 100 added that the gas pressure has decreased from 2600 psi to 500 psi, and measures like junk shot operations and pumping of kill fluids are underway. If these do not prove sufficient, capping of the well may also be blowout occurred on June 12 at Well No. RDS 147 of Rig No. SKP 135 in the Rudrasagar oil field operated by SK Petro Services on behalf of ONGC. Chief Minister Himanta Sarma, who visited the site earlier this week, raised concerns over the pace of ONGC's response. In a letter to Puri, he urged for a mission-mode approach, citing public perception of "inadequate urgency" from the ongoing efforts, the well remains active and continues to leak gas. Over 330 families have been evacuated and are being supported by the state government with relief measures,' Sarma wrote, also announcing 25,000 aid per affected later said its experts are working round the clock and are consulting with an international well control agency. Additional personnel have been brought in from other centres, and part of the gas is being diverted to a nearby production Assam Pollution Control Board has confirmed that air and noise pollution levels remain within permissible limits. ONGC stated that community safety remains its top priority, with all steps being taken in line with regulatory standards.
