Natural gas discovery in Indian Ocean

July 26, 2016

New Delhi, Jul 26: India's Oil Ministry and the US Geological Survey made the discovery of large, highly enriched accumulations of natural gas hydrate - an icy form of the fuel - in the Bay of Bengal.oil

A large natural gas discovery has been made in the Indian Ocean following a joint expedition by India and the US, opening up a new resource to meet energy needs.

India's Oil Ministry and the US Geological Survey made the discovery of large, highly enriched accumulations of natural gas hydrate - an icy form of the fuel - in the Bay of Bengal.

"This is the first discovery of its kind in the Indian Ocean that has the potential to be producible," the US agency said in a statement.

Natural gas hydrates are a naturally occurring, ice-like combination of natural gas and water found in oceans and polar regions. The amount of gas within the world's gas hydrate accumulations is estimated to greatly exceed the volume of all known conventional gas resources.

India had in September 2014 agreed to collaborate to explore gas hydrates potential in the country and identify sites for pilot production testing.

Gas hydrates are considered as vast resources of natural gas and are known to occur in marine sediments on continental shelf margins. Gas hydrate resources in India are estimated at 1,894 trillion cubic meters and these deposits occur in Western, Eastern and Andaman offshore areas.

"Advances like the Bay of Bengal discovery will help unlock the global energy resource potential of gas hydrates as well as help define the technology needed to safely produce them," said Walter Guidroz, USGS Energy Resources Program coordinator.

This discovery is the result of the most comprehensive gas hydrate field venture in the world to date, made up of scientists from India, Japan and the United States.

The discovery follows an exploration of the region from March to July of last year.

"The scientists conducted ocean drilling, conventional sediment coring, pressure coring, downhole logging and analytical activities to assess the geologic occurrence, regional context and characteristics of gas hydrate deposits in the offshore of India," the statement said.

The US agency said although it is possible to produce natural gas from gas hydrates, there are significant technical challenges, depending on the location and type of formation.

Previous studies have shown that gas hydrate at high concentrations in sand reservoirs is the type of occurrence that can be most easily produced with existing technologies.

The gas hydrate discovered are located in coarse-grained sand-rich depositional systems in the Krishna-Godavari Basin and is made up of a sand-rich, gas-hydrate-bearing fan and channel-levee gas hydrate prospects.

The next steps for research will involve production testing in these sand reservoirs to determine if natural gas production is practical and economic.

"The results from this expedition mark a critical step forward to understanding the energy resource potential of gas hydrates," said USGS Senior Scientist Tim Collett, who participated in the expedition.
The discovery of several of the largest and most concentrated gas hydrate accumulations yet found in the world will yield the geologic and engineering data needed to better understand the geologic controls on the occurrence of gas hydrate in nature and to assess the technologies needed to safely produce gas hydrates, he said.

The international team of scientists was led by state-owned Oil and Natural Gas Corporation (ONGC), in cooperation with the USGS, the Japanese Drilling Company, and the Japan Agency for Marine-Earth Science and Technology.

In addition, USGS is working closely with the National Institute of Advanced Industrial Science and Technology, Japan on the analysis of pressure core samples collected from sand reservoirs with high gas hydrate concentrations.

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News Network
March 5,2020

Mumbai, Mar 5: Jet Airways founder Naresh Goyal and few others have been booked by the ED in a money laundering case even as the agency is conducting searches at his premises, officials said on Thursday.

They said a criminal case against the former chairman of the airlines has been filed under the Prevention of Money Laundering Act (PMLA) after taking cognisance of a recent Mumbai Police FIR filed against him.

The Enforcement Directorate carried out raids at Goyal's premises in Mumbai on Wednesday and also questioned him after filing the case, they said.

The action is continuing, they added.

The Mumbai Police FIR pertains to charges of alleged fraud by Goyal and others against a Mumbai-based travel company.

Goyal has earlier been grilled by the central probe agency in a case filed under the Foreign Exchange Management Act (FEMA) in September last year.

The agency had carried out similar raids, under the FEMA, in August last year against Goyal, his family and others.

ED has alleged in the past that the businessman's empire had 19 privately-held companies, five of which were registered abroad.

The agency is probing charges that these firms allegedly carried out “doubtful” transactions under the guise of selling, distribution and operating expenses.

The ED suspects that expenses at these companies were allegedly booked at fake and high costs and as a result, they “projected” huge losses.

Alleged shady aircraft lease transactions with non-existent offshore entities are also under the ED scanner and it is suspected that Jet Airways made payments for lease rental to “ghost firms”, which purportedly routed the ill-gotten money in Goyal's companies.

A full-service carrier, Jet Airways shut its operations in April last year after running out of cash.

A month earlier, Goyal had stepped down as the chairman of Jet Airways.

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News Network
February 14,2020

Feb 14: R K Pachauri, a former chief of The Energy and Resources Institute, passed away on Thursday after a prolonged cardiac ailment, TERI Director General Ajay Mathur said.

He was 79.

"It is with immense sadness that we announce the passing away of R K Pachauri, the founder Director of TERI. The entire TERI family stands with the family of Dr Pachauri in this hour of grief," Mathur said in a statement issued by the TERI.

"TERI is what it is because of Dr Pachauri's untiring perseverance. He played a pivotal role in growing this institution, and making it a premier global organisation in the sustainability space," said Mathur, who succeeded Pachauri at TERI in 2015. Pachauri was admitted to Escorts Heart Institute in the national capital where he underwent open heart surgery and was put on life support on Tuesday, sources said.

In the statement issued by TERI, its Chairman Nitin Desai hailed Pachauri's contribution to global sustainable development as "unparalleled".

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News Network
July 24,2020

Lucknow, Jul 24: A special CBI court on Friday recorded the statement of veteran BJP leader LK Advani in the Babri mosque demolition case.

The statement of the 92-year-old former deputy prime minster was recorded through video conferencing in the court of special Judge S K Yadav.

On Thursday, the court recorded the statement of BJP veteran Murli Manohar Joshi in the case. 

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