An article on Reuters.com reports that Oil India Limited, a public oil and gas company under the control of the Government of India, is interested in buying a stake in the Eagle Ford Shale in the United States as well as stakes in natural gas shales in…
More at Reuters.com.
USGS has released a a fact sheet titled: “Assessment of Potential Shale Gas Resources of the Bombay, Cauvery, and Krishna–Godavari Provinces, India, 2011″.
More at USGS.
The Indian government is working on new ways to “tax” natural gas produced from shale in a way that distributes revenue to national and local governments. An article in The Times of India has a quote that the drilling company needs the “mindset of a manufacturer” to be successful.
Oil and Natural Gas Corporation of India has drilled the first shale gas well in the state of West Bengal. More at Platts.com.
An article on the Bloomberg.com website reports that demand for LNG (liquefied natural gas) is growing rapidly in China and India.
An article on the Journal of Energy Security website explores energy consumption in India. Industry there has historically used lots of coal but new sources of gas and new pipelines could significantly expand the importance of natural gas.
The Indian government is preparing to hold their first auction of gas shale properties in August 2011. More in an article on the Business-Standard.com website.
According to TradingMarkets.com, Reliance Industries has a new deal to buy $1.3 billion in Eagle Ford Shale assets and in April paid $1.7 billion for Marcellus Shale assets.
Reliance Industries, one of India’s largest companies hopes to enter a partnership with Atlas Energy for a stake in their Marcellus Shale natural gas operations. More in an article at Reuters.
