News
March 11, 2024
TGS, in partnership with SLB and Petrobangla, has acquired a 2D multi-client seismic data survey that has widespread coverage across offshore Bangladesh, encompassing over 75,000 km2 across all 24 blocks on offer in the bid round.
News
February 19, 2024
When drilling the well, OGDCL reached a total depth of 3,762 meters. Testing resulted in a production rate of 1.4 MMcfgs and 93 bpd of condensate.
News
February 11, 2024
Minister Al-Kaabi emphasized that, in order to face such challenges, especially in the context of the energy transition, the various stakeholders need to create a balance between energy security, affordability and sustainability, while encouraging investments in a diverse energy mix, including renewables, natural gas and other forms of energy sources to help mitigate risks associated with the volatility of energy markets.
News
February 11, 2024
The world’s third-biggest oil importer behind China and the U.S., India is set to be the single largest source of global oil demand growth between now and 2030 thanks to a booming economy, growing middle class and youthful demographics, according to the International Energy Agency.
News
February 08, 2024
Petronet on Tuesday renewed a contract to buy 7.5 million tons of LNG annually from Qatar from 2028 for 20 years in one of the largest ever deals for the super-chilled fuel. The country has so far found buyers for just about half of its new supply and needs to tie down others to long-term deals.
News
February 06, 2024
This dynamic platform unveils a comprehensive visualization of India's oil and gas resources, encompassing the infrastructure of conventional upstream, midstream, and downstream energy sectors.
News
January 30, 2024
In 2023, ADNOC Gas maintained a strong sales momentum signing several LNG agreements valued between $9.4 billion and $12 billion, while continuing to invest domestically to position itself to meet both local and international demand for natural gas.
News
January 14, 2024
Cairn has utilized Advanced Rock Physics and Seismic Inversion technology to predict subsurface sweet spots in and around the Jaya area. A cluster of prospects has been identified which can be developed through tieback to the Jaya facility.
News
November 29, 2023
The spotlight at IEW 2024 will demonstrate India's intricate energy landscape, characterized by a diverse energy mix, rapid growth in renewable energy, challenges related to energy access, urbanization, and economic development, all within the context of addressing climate change.
News
November 21, 2023
(WO) — Pakistan Petroleum Limited (PPL) has made a gas condensate discovery with its Jhim East X-1 exploration well on Block 2467-16 (Shah Bandar), located in Sujawal district in Pakistan’s Sindh province.
News
November 08, 2023
McDermott will perform the transportation and installation of a central processing platform (CPP) and living quarters. Once installed, the CPP will be used to process wet gas which will then be transferred from the platform to an onshore terminal.
News
October 31, 2023
The improved Production Sharing Contract aims to generate further interest and, fundamentally, attract more international oil and gas companies to explore offshore Bangladesh.
News
August 30, 2023
Transocean Ltd. announced that Oil and Natural Gas Corporation Ltd awarded the Dhirubhai Deepwater KG1 a binding Notification of Award for work offshore India.
News
June 30, 2023
The start of gas and condensate production from the MJ field follows the start-up of the R-Cluster field in December 2020 and Satellite Cluster in April 2021. All three developments utilize the existing hub infrastructure for the block.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.