The forecast was correct! The weather actually seemed relatively fine as we arrived at Capel Curig late on a Friday evening for a boys weekend. The most eventful bit of the journey was realising Phillip had mistakenly (I hope) bought two crates of zero-alcohol Becks beer for the weekend, which were duly left at Telford Services.
Phillip also unpacked his tent to find no pegs so we shared what pegs we had between us, hoping the winds would stay away, though a fairly calm night was followed by a blustery and overcast morning. The guys wanted to 'do' Snowdon - I did explain that once you'd joined the tourist trek up there they'd realise they would be unlikely to return very often - but Snowdon it was to be. We were too late for a car-parking space at Pen-y-pass so back-tracked down the road and paid the princely sum of £4 for road-side parking and headed back up towards Pen-y-pass. It was not a good start as my ankle was immediately hurting, so we stopped at Pen-y-pass to add strapping to my ankle and for Phillip to fit his knee support. It wasn't looking good as we were overtaken by a woman in stilleto's and her 5 year old daughter!
We headed up the Pyg Track so as to give us the option of Crib Goch. I was a little wary of taking responsibility even if conditions were ideal - Carl admits to being scared of heights and Phillip has a dodgy knee - not forgetting my dodgy ankle. As it was the weather put paid to the option, with wind and rain increasing Crig Goch seemed an unwelcoming proposition. The trudge up the Pyg path was as unremarkable as the view from the top!
My ankle was holding up well but Phillip's knee was giving him serious grief and he wolfed down more Ibuprufen. Dropping down the south-ridge we dropped beneath the cloud and the weather brightened a little. The climb up Y Lliwedd was fun, all the more so for seeing Carl's face when he suddenly realised how near he was to the edge of a cliff!! As we descended to Llyn Lladar we found the shredded remains of a tent, probably abandoned during the 80mph winds of a few nights earlier. Phillip quickly noticed some tent pegs that were strewn around and which would come in handy later!
That evening the wind and the rain really picked up and Phillip spend the night with the tent on his head and woke up in half an inch of water. The photo below shows the effect of the wind - he really ought to have guyed out those poles properly!! It's a good job we found the extra pegs else he would likely have been blown to Betws-y-coed! I'm pleased to report the Laser Comp stood up well to the battering, I felt quite cosy hunkered down inside, though it was a little noisy at times - though I think Carl was safest in my trusty old North Face Tadpole.
The atrocious weather (and geriatric knee problems) put paid to any thoughts of any more mountains on Sunday so we decamped to the Pinnacle Cafe for a well-needed, if not deserved, fry-up.
A quick trip, good fun and I think they enjoyed it - though they haven't spoken to me since. There was even mention of them being interested in a wild-camp trip, though that was in the pub so may well have been alcohol-fuelled. Time will tell!
Friday, July 30, 2010
Wednesday, July 28, 2010
RIL to drill two more wells in KG-D6 block
Reliance Industries (RIL) is set to drill two more wells in the KG-D6 block that may boost gas production from the field where output has stagnated since April at about 60 million metric standard cubic meters per day (mmscmd).
“The government has approved RIL’s proposal to drill two more wells as part of D1 and D3 field-development plan,” an official in the Directorate General of Hydrocarbon (DGH) said.
The directorate, a technical arm of the oil ministry, is the custodian of the country’s oil and gas assets.
Experts in the oil ministry said that the two wells (A21 and B16) may help RIL increase gas production from the field and sustain the higher production.
“RIL has told us that the current (gas) production from the field is unlikely to increase beyond 60 mmscmd in the near future. It is making efforts to achieve the peak production of 80 mmscmd,” an official in the ministry said.
“We do not wish to comment (on this subject),” RIL spokesman said in an email reply. The company’s current production of around 60 mmscmd comes from 16 wells of D1 and D3 and 5 wells of D26 fields, RIL said in a press statement issued on Tuesday. The D26 field is located next to D1 and D3 field in the same KG-D6 block.
RIL has been producing crude oil and gas from D26 (also known as MA) field since September 2008. But major gas field, D1 and D3 commenced commercial production on April 2, 2009.
The company managed to ramp up gas production from KG-D6 to 60 mmscmd in just nine months, but output is stuck at that level. RIL is, however, hopeful of achieving the peak production of 80 mmscmd by 2012, an oil ministry official said.
The government had awarded the KG-D6 block (KG-DWN-98/3) to a consortium of RIL and Niko in 2000, under the first round of auction of New Exploration Licensing Policy (Nelp-I). In 2002, the consortium made the largest gas discovery of the time in the block. RIL holds 90% stake in the asset, while balance 10% is held by Niko.
Source: Economic Times
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Monday, July 26, 2010
ONGC plans to invest $5 bn to develop gas fields to boost output by 60 pc
Oil & Natural Gas Corporation plans to spend $5 billion to develop gas fields to boost output by almost 60% in six years, two people with direct knowledge of the matter said.
The New Delhi-based explorer sought permission from the oil and gas regulator on July 16 to invest the funds in nine natural gas discoveries off India’s east coast to produce 35 million cubic metres a day by 2016, one person said, declining to be identified before the directorate general of hydrocarbons approves the plan.
The amount is triple ONGC’s planned spending on its largest oil field and follows the government’s decision in May to double the price at which the explorer sells gas. India is ramping up gas output at the fastest pace in the world, according to BP’s 2010 Statistical Review of World Energy, after companies including Reliance Industries discovered new fields. “ONGC has been discovering new reserves for a while but the concern is being able to convert them to production,” said Rohit Ahuja, a Mumbai-based analyst with Centrum Broking in Mumbai. “The company is looking to address this with the very good discoveries they have in the east coast.”
The producer of almost 25% of the crude oil used by India is starting new fields at home as output declined at aging areas off the west coast. Reserves added in fields operated by ONGC in the year ended March was the equivalent of 82.98 million metric tonne, the highest in the past 20 years, the explorer said April 26.
Source: Economic Times
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Sunday, July 25, 2010
India plans to launch shale gas auction in august 2011
The identification of the gas producing areas will be done by early next year
Major Indian energy companies like Reliance Industries Ltd (RIL), which have so far been scouting overseas for shale gas resources, may get a chance to bid for domestic shale gas blocks in about a year. The country is looking to launch the first-ever auction of shale gas areas in August 2011.
The identification of the gas producing areas will be done by early next year. This will be followed by carving out suitable blocks. Jitin Prasada, minister of state for petroleum and natural gas, had recently called a meeting of officials in the Directorate General of Hydrocarbons (DGH) and his ministry to discuss the future potential of shale gas. “The DGH has accordingly prepared a roadmap for the shale gas auction,” said a ministry official.
This will be the second unconventional natural gas source in India after coal bed methane. Several basins — Cambay (in Gujarat), Assam-Arakan (in the North-East) and Gondwana (in central India) are known to hold shale gas resources.
In March this year, the ONGC board approved a pilot project for exploration of shale gas in the Damodar Basin at an expenditure of Rs 128 crore.
DGH and the ministry would study worldwide fiscal and contractual regimes before framing a shale gas policy. It is being worked out and is likely to be in place by the end of the current financial year.
The Petroleum and Natural Gas Rules, which govern the oil and gas exploration activity, will be amended prior to the floating of the first round of auction.
MILKING THE ROCKS
# Companies like Reliance Industries Ltd have so far has been scouting overseas for shale gas resources
# The identification of the gas producing areas will be done by early next year. This will be followed by carving out suitable blocks
# Shale will be the second unconventional natural gas source in India after coal-bed methane
# Basins like Cambay (Gujarat), Assam-Arakan (the Northeast) and Gondwana (Central India) are known to hold shale gas resources
# A policy is being worked out and is likely to be in place by the end of this financial year
# The Petroleum and Natural Gas Rules will be amended before floating the first round of shale gas auction
India is also likely to sign a cooperation agreement with the US Geological Survey later this year for knowledge sharing in the area of shale gas. The US has successfully exploited its shale gas reserves, which currently account for 20 per cent of the country’s gas production. An Indian delegation was also expected to visit shale gas sites in the US sometime this year, the ministry official said. Countries like Canada and China are also increasingly exploiting their shale gas reserves.
Hydrocarbon found in the form of shale gas has over the past few years transformed the energy scenario for the world’s biggest energy consumer, the US. Indian energy companies have shown interest in developing this resource. While RIL recently acquired a 40 per cent stake in Atlas Energy’s Marcellus Shale acreage in the US, the Y K Modi-promoted Great Eastern Energy Corporation Ltd is keen to take part in the shale business.
Companies worldwide are increasingly looking at investing in shale gas, which they consider a lucrative business.
Source: Business Standard
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Wednesday, July 21, 2010
ONGC: Expressed Interest to Buy BP Stake in Vietnam Gas Block
Oil & Natural Gas Corp. has expressed its interest to Vietnam Oil and Gas Group, or PetroVietnam, to buy BP PLC's stake in a gas block in Vietnam, the chairman of India's state-run oil and gas explorer said Thursday.
"Yesterday we have indicated our willingness to PetroVietnam to buy BP's stake. Let us see now," R.S. Sharma told Dow Jones Newswires.
BP holds a 35% stake in the block and is also the operator. ONGC owns 45%, while PetroVietnam has the remaining 20%.
BP announced Tuesday that it has agreed to sell assets in the U.S., Canada and Egypt to U.S. oil company Apache Corp. for $7 billion. BP also said it plans to sell gas fields and a pipeline in Vietnam, as well as exploration licenses in Pakistan to help pay for damages related to the Gulf of Mexico oil spill.
Source : online.wsj.com
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Monday, July 19, 2010
Oil ministry seeks Rs 13,500 cr for OMCs
Finance ministry contests figure.
The ministry of petroleum and natural gas has sought Rs 13,500-crore subsidy from the government to compensate the revenue loss incurred by the three oil marketing companies during the first quarter of this financial year. The ministry of finance, though, is not likely to grant the amount in the forthcoming first supplementary to the budget.
A senior finance ministry official said parliamentary approval would be sought only for Rs 14,000 crore subsidy that was due for payment to Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation Ltd for 2009-10.
“There will not be any provision for the current year in the supplementary, which will be presented in the monsoon session of Parliament, starting July 26. Subsidy for the current year would be given only after the sharing mechanism is decided. The two ministries have held several rounds of meetings but a final view will be taken by an empowered group of ministers,” said the official.
The Budget 2010-11 had provided only Rs 3,108 crore for petroleum subsidy for the current year but the ministry of finance would now need to make a provision of Rs 14,000 crore which the three companies have already accounted as accruals in their accounts for 2009-10.
The government has asked upstream oil and gas producing companies – ONGC, GAIL India and Oil India Ltd – to shell out Rs 6,500 crore as part of a subsidy-sharing mechanism for the April-June quarter. It will partially make up the revenue loss incurred by the marketing companies for selling auto and cooking fuels below international rates.
The underrecoveries have been calculated assuming an average crude oil price of $75 a barrel for the whole year. Speaking to Business Standard, petroleum secretary S Sundareshan said, “Underrecoveries came to Rs 20,000 crore, of which Rs 6,500 crore comes from the upstream companies. We have written to the ministry of finance to contribute the rest. Discussions will be held to arrive at the final figures.”
On what was the basis of the calculation of underrecoveries, the secretary said they were calculated on the trade parity formula devised by the Rangarajan committee.
Source: Business Standard
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Gas EGoM likely to okay supply for Lanco, GMR, Sravanthi power units
When the empowered group of ministers (EGoM) meets for gas allocation on July 27, it is likely to commit supply for power plants coming up in 2011-12.
Among those likely to get allocation are Lanco Infratech, GMR and the South India-based Sravanthi group. It would be a tough call for the EGoM, though, since the government has received requests totalling over 350 million standard cubic metres a day (mscmd).
Lanco is likely to get an allocation for the 742 Mw third phase of its Kondapalli power plant, near Vijayawada. The Gurgaon-based company has two operational gas-based power plants, at Kondapalli and at Karuppur in Tamil Nadu. Currently, it has units of 368 Mw and 366 Mw at at Kondapalli. The Karuppur unit is a small one, with 120 Mw capacity.
Officials said GMR was also seeking natural gas for 768 Mw capacity, while Sravanthi plans to set up a 228 Mw plant.
The Anil Ambani group has sought 28 mscmd for four gas-based power projects, including Dadri in Uttar Pradesh, Shahapur in Maharashtra's Raigarh district, Jambusar in Gujarat’s Bharuch and Samalkot in Andhra Pradesh.
The group that had fought a bitter battle with Mukesh Ambani-owned Reliance Industries Ltd for gas for its Dadri power project seems to have diluted the demand for this one. “Since Dadri power plant is under litigation in the Supreme Court over land acquisition, the request for Dadri is subject to case being resolved,” said an executive close to the development.
A senior official said the Ministry of Petroleum and Natural Gas would be briefing the EGoM on the production profile of the Reliance Industries’ D6 field. Following the scheduling of the meeting, the ministry had asked the directorate general of hydrocarbons to send a fresh estimate of D6 production, currently around 60 mscmd of gas. This was to be raised to 80 mscmd and remain at that level for eight years. The government has already made firm allocations for about 62 mscmd and a fall-back (temporary) allocation for another 30 mscmd.
Since the production equals the firm allocations, the new allocations might be made from the fall-back quantities. The meeting of the group would be the first one after the Supreme Court upheld the union government’s sovereign right over natural gas and made the Ambani brothers renegotiate a gas deal in compliance with the government policy.
Source: Business Standard
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