CURRENT AFFAIRS

Detailed explanation-1: -Oil and Natural Gas Corp Ltd (ONGC) has found a significant new oil deposit in the Arabian Sea. The Indian Government-run company said that the discovery, to the west of its Mumbai High Field, is estimated to hold in-place hydrocarbons reserve of about 30 million tonnes of oil equivalent.

Detailed explanation-2: -Coal, natural gas, and petroleum are all fossil fuels that formed under similar conditions. Today, petroleum is found in vast underground reservoirs where ancient seas were located. Petroleum reservoirs can be found beneath land or the ocean floor. Their crude oil is extracted with giant drilling machines.

Detailed explanation-3: -India’s biggest energy explorer Oil & Natural Gas Corporation (ONGC) has discovered the country’s first shale gas reserve at Durgapur in Burdwan district of West Bengal.

Detailed explanation-4: -Almost 70 percent of India’s natural gas reserves are found in Bombay High basin and in Gujarat. rest found in Andhra Pradesh and Tamilnadu, Maharashtra, Mumbai.