India
News
August 24, 2017
Oilex Ltd. is pleased to announce that the C-23z core analysis has been completed. The analysis, by Schlumberger and Baker Hughes has confirmed that the EP-IV tight siltstones at Cambay can be effectively stimulated, and that commercial gas flowrates are potentially achievable.
News
July 19, 2017
India approved the sale of a $4.6 billion stake in state-run refiner Hindustan Petroleum Corp. to the country’s biggest oil and gas explorer, according to a person with knowledge of the decision.
News
July 14, 2017
Xodus Group has won a contract with Cairn Oil and Gas of Vedanta Ltd. to conduct exploration and appraisal work on its Rajasthan block in northwest India over the next two years.
News
July 12, 2017
India wants $300 billion in investments over the next 10 years to satisfy accelerating demand in the world’s fastest-growing oil market.
News
July 03, 2017
An Indian consortium is willing to spend as much as $11 billion to develop a giant Iranian natural gas field and build the infrastructure to export the fuel as long as the Persian Gulf nation guarantees a “reasonable return” on the project, according to the company leading the group.
News
June 30, 2017
India's biggest importer of U.S. liquefied natural gas (LNG) is trying to re-negotiate prices with the U.S. seller, sources said, undermining plans by U.S. President Donald Trump to export more gas to the fast-growing Asian nation.
News
June 29, 2017
India’s Vedanta Ltd. will spend $3 billion over the next three years as it seeks to expand oil reserves and nearly double output from its largest field.
News
June 23, 2017
The Oil and Natural Gas Corporation Limited (ONGC), with the support of Aqualis Offshore, has matched its own pre-monsoon rig move record set last year offshore India. Aqualis Offshore has also secured a new contract extension to support ONGC.
News
June 22, 2017
Rosneft PJSC, Russia’s biggest oil producer, said it has all but completed its multi-billion-dollar joint purchase of India’s Essar Oil Ltd., expanding its access to the Asian nation’s burgeoning fuel market.
News
June 15, 2017
BP Plc and Reliance Industries Ltd. will invest as much as $6 billion to restart work in Indian oil and gas blocks after eight years, in an area off the South Asian country’s east coast, where both companies have faced trouble boosting production.
News
June 08, 2017
Engie SA, France’s former natural-gas monopoly, is seeking to raise as much as 33 billion rupees ($512 million) selling its entire stake in India’s biggest importer of liquefied natural gas.
News
June 06, 2017
Oilex Ltd. has released the following update on the Cambay field workover program in India, and ongoing activities.
News
May 29, 2017
Oil & Natural Gas Corp.’s quarterly profits missed estimates for a gain as lower gas revenues and a jump in royalty payments outweighed the boost from higher crude prices.
News
May 18, 2017
India’s state-owned oil companies aim to sustain spending near a three-year high, encouraged by falling oil-services costs and expanding demand.
News
May 17, 2017
Great Eastern Energy Corp. will drill 144 new wells over the next four to five years at its Raniganj block in the eastern state of West Bengal, according to CEO Prashant Modi. The company, which began looking at the block in 1993, will invest an additional 50 billion rupees in other unconventional assets, including shale.
News
May 12, 2017
India’s oil demand bounced back in April after falling for three consecutive months, recovering from the impact of the country’s move to withdraw high-value notes.
News
April 21, 2017
Oilex Ltd. has announced the award of two key contracts to Schlumberger and Baker Hughes as part of its 2017 work program at the Cambay PSC in India. Schlumberger and Baker Hughes will advise on the optimal well and stimulation design required to achieve potential commercial flowrates.
News
April 12, 2017
Emerson Automation Solutions has donated licenses of its reservoir characterization and engineering software, Roxar RMS and Roxar Tempest, to two prominent Indian universities, the Graphic Era University (GEU) in Dehradun and the Maharashtra Institute of Technology (MIT) in Pune.
News
April 12, 2017
Anil Agarwal has sealed the merger of his mining and energy businesses in India, creating a BHP Billiton Ltd.-like resources conglomerate, even as a recent investment in Anglo American Plc raises questions about how far the billionaire’s ambitions stretch.
News
April 10, 2017
India’s oil consumption fell for a third straight month, with the use of bitumen and naphtha declining and diesel demand growth flat, amid the continuing effects of demonetization.
News
April 04, 2017
The overseas arm of India’s biggest oil and gas explorer intends to spend more than $3 billion on Iran’s Farzad-B natural gas block.
