ONGC KG Basin Peak Production Delayed to 2024 End

05 Apr 2024 CW Team

ONGC's anticipated peak production phase at the KG Basin might face a setback, potentially delaying its realisation until the end of 2024. This delay is attributed to various factors, including logistical challenges, operational complexities, and regulatory hurdles.

The postponement of peak production at the KG Basin poses challenges for ONGC's operational timelines and revenue projections. The company must navigate through the obstacles to ensure efficient exploration and extraction processes in the region.

ONGC's KG Basin project holds significant importance for India's energy sector, as it plays a crucial role in the country's domestic hydrocarbon production. Any delay in achieving peak production could impact India's energy security and necessitate adjustments in the nation's energy strategy.

Despite the potential delay, ONGC remains committed to optimising its operations at the KG Basin and overcoming the challenges hindering peak production. The company continues to explore innovative solutions and leverage its expertise to expedite the project's progress.

ONGC's efforts to address the delays at the KG Basin underscore its resilience and determination to enhance domestic oil and gas production. The company's proactive approach in overcoming obstacles reflects its dedication to contributing to India's energy self-sufficiency and economic growth.

As ONGC navigates through the challenges associated with the KG Basin project, stakeholders closely monitor developments in the region. The successful execution of the project is critical not only for ONGC's growth trajectory but also for India's energy landscape and overall economic development.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..