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McDermott completes work on KG-D6 Satellite Cluster Project in India

McDermott completes work on KG-D6 Satellite Cluster Project in India
03 Jun 2021 (Last Updated June 3rd, 2021 15:50)
The KG-D6 Satellite Cluster Project is located in the Krishna Godavari Basin, off the east coast of India.
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In picture, McDermott’s DLV 2000 pipelay vessel, which was used in KG-D6 Satellite Cluster Project. Credit: McDermott International Inc.
McDermott International has completed its work at Reliance Industries operated KG-D6 Satellite Cluster Project, off the east coast of India.
The project involved many firsts, including the deepest pipelaying works in India.
Work included subsea pipelines and the installation of jumpers, umbilicals, in-line structures, pipelines, subsea manifolds and associated structures. It also included pre-commissioning of pipelines and umbilicals.

India , Godavari , Andhra-pradesh , Mahesh-swaminathan , Mcdermott-international-asia-pacific , Mcdermott-international , Reliance-industries , Cluster-project , Derrick-lay-vessel , North-ocean , Dermott-international-asia-pacific , Satellite-cluster-projects

Reliance, affiliates buy 3/4 of KG-D6 gas volumes

Synopsis
Reliance and its partner UK's BP Plc last week auctioned 5.5 million standard cubic meters per day of incremental gas from the newer discoveries in the KG-D6 block, benchmarking it to a gas marker. Reliance's oil-to-chemical (O2C) business unit picked up 3.2 mmscmd gas in the auction, three sources with direct knowledge of the development said.
Agencies
Billionaire Mukesh Ambani's
Reliance Industries Ltd and its affiliates have picked up more than three-fourths of the new gas volumes from the firm's eastern offshore KG-D6 block which at current government dictated price will cost it less than half of the imported rate, sources said.

Japan , India , South-korea , United-kingdom , British , Korea , Mukesh-ambani , Adani-group , India-gas-solutions , United-kingdom-bp-plc , Industries-ltd , Shell

BP Proves Natural Gas, Oil Still Reign as Profits Triple on Henry Hub, Brent Prices

BP Proves Natural Gas, Oil Still Reign as Profits Triple on Henry Hub, Brent Prices
With natural gas and oil trading crushing it in the first quarter, BP plc proved that even as it transitions to net zero emissions, it’s still a major fossil fuel producer, with rising global demand likely to accelerate profits through the year.
The London-based operator, which now prefers to be tagged as an “integrated energy major,” saw its profits more than triple on stronger Henry Hub natural gas and global oil prices. The underlying replacement cost profit was $2.6 billion in 1Q2021, versus $100 million in 4Q2020, driven by “exceptional gas marketing and trading performance,” along with higher oil prices and refining margins.

Germany , United-states , India , Egypt , United-kingdom , Texas , China , London , City-of , America , American , Bernard-looney

BP p.l.c. Group results - First quarter 2021

BP p.l.c. Group results - First quarter 2021
dgap.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dgap.de Daily Mail and Mail on Sunday newspapers.

New-york , United-states , Irish-sea , Ireland-general , Ireland , Australia , Trinidad-and-tobago , United-kingdom , Texas , Azerbaijan , Alaska , Madrid

DGAP-News: BP p.l.c. Group results - First quarter 2021

DGAP-News: BP p.l.c. Group results - First quarter 2021
boersennews.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boersennews.de Daily Mail and Mail on Sunday newspapers.

New-york , United-states , Irish-sea , Ireland-general , Ireland , Australia , Trinidad-and-tobago , United-kingdom , Texas , Azerbaijan , Alaska , Madrid

DGAP-News: BP p.l.c. Group results - First quarter 2021

DGAP-News: BP p.l.c. Group results - First quarter 2021
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

New-york , United-states , Irish-sea , Ireland-general- , Ireland , Australia , Trinidad-and-tobago , United-kingdom , Texas , Azerbaijan , Alaska , Madrid

Reliance, BP start Satellite Cluster field off India

Reliance, BP start second gas field off India
Reliance Industries (RIL) and UK major BP have started production from the Satellite Cluster gas field in block KG D6 off the east coast of India, the companies said on April 26. The Satellite Cluster is the second of the three developments to come onstream, following the start-up of R Cluster in December 2020.
RIL and BP are developing three deepwater gas projects at KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet about 15% of India’s gas demand by 2023. These projects will utilise the existing hub infrastructure in KG D6 block. RIL is the operator with a 66.67% participating interest and BP holds a 33.33% participating interest.

Kakinada , Andhra-pradesh , India , United-kingdom , Reliance-industries , Satellite-cluster , Satellites-cluster , காக்கினாடா , ஆந்திரா-பிரதேஷ் , இந்தியா , ஒன்றுபட்டது-கிஂக்டம்

ONGC: India's gas output to jump 52% by 2024 led by ONGC, Reliance-BP, says new report

Synopsis
The increase in production augments well with the government plans for raising the share of natural gas in the country's energy basket to 15 per cent by 2030 from the current 6.2 per cent in a bid to cut emissions.
Agencies
India's natural gas production is projected to jump by 52 per cent to 122 million standard cubic metres per day by 2024 as state-owned Oil and Natural Gas Corporation (
Reliance Industries Ltd-BP combine raise output from the KG basin fields. Natural gas production in 2019-20 was 85 mmscmd, which is estimated to have fallen to 80 mmscmd in the following year, HDFC Securities said in a report.

Kakinada , Andhra-pradesh , India , Godavari , Natural-gas-corporation , Krishna-godavari , Gas-sales , Purchase-agreement , Satellites-cluster , காக்கினாடா , ஆந்திரா-பிரதேஷ்

Rising domestic gas supply from KG Basin to benefit gas utilities

This increasing gas supply from domestic sources should drive earnings growth and valuations for the Indian gas utilities

Kakinada , Andhra-pradesh , India , Japan , Godavari , Natural-gas-corporation , Krishna-godavari-basin , Gas-sector , Looking-beyond , Gas-sales , Purchase-agreement

India's gas output to jump 52% by 2024 led by ONGC, Reliance-BP

Image for representative purposes only.
| Photo Credit:
Reuters
The increase in production augments well with the government plans for raising the share of natural gas in the country's energy basket
India's natural gas production is projected to jump by 52% to 122 million standard cubic metres per day by 2024 as State-owned Oil and Natural Gas Corporation (ONGC) and Reliance Industries Ltd-BP combine raise output from the KG basin fields.
Natural gas production in 2019-20 was 85 million metric standard cubic meter per day (mmscmd), which is estimated to have fallen to 80 mmscmd in the following year, HDFC Securities said in a report.
The output is projected to rise in the current fiscal that started on April 1 to 93 mmscmd, 107 mmscmd in the following year and 122 mmscmd in 2023-24, the brokerage estimated.

Kakinada , Andhra-pradesh , India , Godavari , Natural-gas-corporation , Reliance-industries , State-owned-oil , Krishna-godavari , Gas-sales , Purchase-agreement , Satellites-cluster