India's quest for clean and reliable geothermal energy has taken a significant step forward with the completion of the country's second geothermal well in Ladakh's Puga Valley, a breakthrough expected to accelerate the establishment of the nation's first geothermal power plant being developed by ONGC.
With this move, the remote Puga Valley, located at an altitude of over 14,000 feet, is poised to become the cradle of India’s geothermal energy revolution.
At a time when the nation is grappling with petroleum fuel shortage amid the ongoing Tehran–Tel Aviv conflict, the country’s vast shale gas reserves, capable of meeting demand for at least 60 years, remain largely untapped.
At the close, the Sensex was up 208.17 points, or 0.25 per cent, at 84,273.92, and the Nifty was up 67.85 points, or 0.26 per cent, at 25,935.15.
According to the statement, ONGC Director (Production) Pankaj Kumar said that the two companies signed the agreement to enable resource sharing for deep-water offshore exploration and production operations on India's east coast, particularly across the Krishna Godavari (KG) basin, as well as Andaman offshore.
Describing IEW as the first major international energy event of the year, the Minister said the platform will focus on strengthening energy security, catalysing investment and advancing practical decarbonisation pathways.
A gas leak at an ONGC well in Andhra Pradesh’s Konaseema region triggered a fire that has burned for over 24 hours, causing panic but no casualties.
Following the leak, crude oil–mixed gas spread across the village like thick smog, severely reducing visibility and leaving villagers gripped by fear.
PLL is developing ethane unloading, storage, and handling (USH) facilities with an ethane storage tank capacity of approx 1,70,000 Cubic Meters at Dahej, Gujarat.
In a significant engineering and disaster management feat, the Oil and Natural Gas Corporation (ONGC) has successfully capped a high-risk gas well blowout at its RDS 147A site in Sivasagar district, Assam, bringing an end to a 15-day-long emergency operation that had triggered mass evacuations and widespread public anxiety in the area.
