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India loses Farzad-B gas field in Iran  The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable. It also holds gas condensates of about 5,000 barrels per billion cubic feet of gas. Share Via Email   |  A+A A- By PTI NEW DELHI: India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company. "The National Iranian Oil Company (NIOC) has signed a contract worth USD 1.78 billion with Petropars Group for the development of Farz...

India loses ONGC-discovered Iranian gas field to local firm The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable. It also holds gas condensates of about 5,000 barrels per billion cubic feet of gas PTI | May 17, 2021 | Updated 19:20 IST The 3,500 square kilometer Farsi block sits in a water depth of 20-90 metres on the Iranian side of the Persian Gulf India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company. "The National ...

Working 09:05 The European Commission says it wants to halve the number of buildings it manages in Brussels by 2030, from 50 to 25. The buildings they intend to stop using are mainly those outside the European quarter. The plan appears to be to concentrate operations on and around Rue de la Loi, and in the area close to Parc du Cinquantenaire while abandoning existing Commission locations at Geneva, Beaulieu and Champ de Mars.  The non-EU quarter location at Place Charles Rogier will remain open. According to reports, the Commission will begin the consolidation of its operations as early as ...

UpdatedWed, Mar 10, 2021 at 2:32 pm ET Reply Pulte Home LLC is proposing to redevelop a 4.63 acre parcel that includes the Breezeway Motel on Fairfax Boulevard in the city. (Google Maps) FAIRFAX CITY, VA — Fairfax City Council and Planning Commission reviewed an updated proposal this week from the Pulte Home Company, LLC to redevelop the Breezeway Motel and adjacent properties in the city. Pulte's proposal seeks to redevelop the 4.63 acre parcel that contains the 50-room motel, located at 10829 Fairfax Blvd.; the 38-unit Fairfax Garden Apartments on Cedar Avenue; and four single-family hom...

On Friday, New London Mayor Michael Passero walked away with a pretty good deal for his city. But, I suspect, the mayor realized that if he pushed his luck much further, he could have walked away empty handed. For the past year, Passero had sought assurances that New London would see a fair and reliable revenue stream to city coffers as a result of the massive development that is intended to turn State Pier from an underutilized port into a busy hub for the assembly of wind-power turbine parts and their transport to offshore wind farms. The mayor's aspirations were complicated by the fact S...