April 11, 2023
India, with a fast-growing appetite for crude, is eager to reduce its fuel import bill and bolster energy security and has encouraged companies like state-controlled ONGC to do more to tap domestic oil and gas reserves.
March 13, 2023
Government authorities have asked banks and traders to adhere to the rules, the people said, declining to be identified as the information isn’t public. Indian officials have not gone on the record to say they will support sanctions and the price cap imposed by the Group of Seven nations on Russia.
February 28, 2023
As part of the sales process, OMV will invite potentially interested parties to submit expressions of interest and binding offers. The sales process is expected to take place over the next few months.
January 03, 2023
The program's initial phase will comprise approximately 11,000 line km of newly acquired high-resolution broadband 2D seismic data on a regional scale to enhance the geological understanding of the prospective Bengal Fan.
December 22, 2022
The outage comes just after Prelude resumed loading this week following roughly two months of maintenance. This is another setback for the world’s biggest floating LNG plant, which has struggled with ongoing technical issues since it started in 2019.
December 14, 2022
Searcher applied its proprietary post-stack reprocessing method which rectifies navigation, metadata, amplitude, phase and time to create a regional dataset that allows for an extremely cost-effective ranking of the acreage.
December 06, 2022
Philippine upstream oil and gas company PXP Energy Corp. is in talks with another Chinese firm for potential exploration in the South China Sea, Chairman Manuel Pangilinan said.
November 23, 2022
3M Project is located approximately 75 km (46 miles) southeast of Madura Island in the Madura Strait, East Java, with an average water depth of around 80 m (262 ft). The project contains three gas fields with a total of nine gas-producing wells.
November 14, 2022
Chevron Corp. company sees potential for geological formations such as those at its Gorgon liquefied natural gas facility in Western Australia to be used for storage of third-party emissions from Asia.
November 10, 2022
India is suddenly facing an LNG glut as the nation’s customers rush to alternatives to pricey natural gas. Scheduled LNG deliveries may need to be delayed as storage tanks are nearing maximum capacity, traders said.
Drilling should pick up steam this year, gaining more than 18%, as nearly all regions will see activity increase. Development should thrive, as the world looks for additional sources of crude oil and natural gas.
September 19, 2022
Pakistan State Oil Co., the nation’s largest fuel importer and retailer, is planning to build a $500 million LNG terminal as part of its strategy to diversify into multiple businesses.
August 12, 2022
Oil & Natural Gas Corp.’s profit beat estimates to rise more than three times after oil prices surged in the wake of Russia’s invasion of Ukraine and an increase in local gas prices.
July 03, 2022
India’s windfall tax on domestic crude oil production and fuel exports may help the government bring in 1 trillion rupees ($12.7 billion) in revenues, Press Trust of India reported.
July 01, 2022
India slapped taxes on fuel exports and local crude oil production to tap windfall gains from surging global prices.
June 28, 2022
A helicopter carrying nine people near India’s Oil and Natural Gas Corporation’s Sagar Kiran offshore rig landed in the Arabian Sea on Tuesday morning, killing four.
June 07, 2022
The U.S. has sent nearly three quarters of all its LNG to Europe in the first four months of 2022, with daily shipments to the region more than tripling from last year’s average, the U.S. Energy Information Administration said Tuesday.
May 29, 2022
Oil & Natural Gas Corp.’s profit rose 32% in the fourth quarter but missed estimates as an increase in government levies ate into the gains from soaring oil prices after Russia’s invasion of Ukraine.
Polymer flooding actually dates back to the 1970s and 1980s, but it is enjoying a resurgence of usage, thanks to more recent results in projects.
The year 2021 witnessed unprecedented development in the energy markets. Such events were contrary to conventional wisdom and have ramifications for the oil markets, for years to come.
January 22, 2021
Iraq plans to cut oil output in January and February to make up for breaching its OPEC+ quota last year, according to the state company that markets the nation’s crude.