Krishna Godavari Basin Current Affairs, GK & News
Exercise Prasthan was organized from October 11 to 12 of this year in the Krishna Godavari Basin Offshore Development Area. Key facts Prasthan is an offshore security exercise that is held every six months. Its main purpose is to integrate the efforts of all stakeholders involved in the offshore defence. It was recently conducted under ..
Category: Defence Current Affairs
Topics: Andhra Pradesh • Bay of Bengal • Eastern Naval Command • Indian Navy • Krishna Godavari Basin • Oil and Natural Gas Corporation (ONGC) • Olive ridley • ONGC • Prasthan Offshore Security Exercise
The tussle b/w Reliance Industries and the petroleum ministry over the future of India’s significant gas acreage reached to a full blown confrontation. Reliance and its partner BP have indicated the shutdown of the country’s biggest gas discovery- KG-D6 in 2015 if the government did not approve its long-pending investment proposals and revised capital expenditure ..
Month: Current Affairs - July, 2012
The Petroleum Ministry disallowed the RIL’s (Reliance Industries Ltd) $1.24 billion cost recovery from its investment in the KG-D6 field, in the Krishna-Godavari (KG) basin. RIL has already taken the government to the Supreme Court over its inability to nominate an arbitrator over the issue of cost-recovery. Why Govt’s Notice to RIL? A Notice was ..
Month: Current Affairs - May, 2012
Topics: BSE SENSEX • CNX Nifty • Companies • Directorate General of Hydrocarbons • Economy of India • Energy in India • Krishna Godavari Basin • Natural gas in India • Niko Resources • Production sharing agreement • Reliance Industries Limited