Oil And Gas Exploration

ONGC signs MoU with France's TotalEnergies for deep-water exploration

The MoU seeks to provide technical help for ONGC's push to explore and reduce green house emissions in development of deep-water blocks especially in Mahanadi and Andamans, off India's east coast

Budget 2023: Higher crude exploration drives non-tax revenue goal

The government lists receipts from licence fees for the right of exploration of oil and gas, as well as royalty on off-shore crude oil and gas production

Govt offers 42 hydrocarbon blocks for exploration and development

As many as 26 mainly offshore oil and gas blocks and 16 coal bed methane blocks have been notified for international bidding as India aims to quickly increase the area under exploration

UK offers licensing round for North Sea oil & gas exploration despite oppn

The British government opened a new licensing round for North Sea oil and gas exploration Friday despite criticism from environmentalists and scientists who say the move undermines the country's commitment to fighting climate change. The Conservative government argues that extracting more fossil fuels from the North Sea will create jobs and strengthen UK energy security, and is less environmentally harmful than importing gas and oil from abroad. I know it sounds contradictory but it's actually good for the environment, Climate Minister Graham Stuart said. When we burn our own gas, it's got lower emissions around its production than foreign gas as well as supporting British jobs, he told the BBC. Russia's invasion of Ukraine has pushed gas and electricity prices higher and squeezed energy supplies across Europe, prompting countries to focus urgently on securing new sources. The organisation that oversees the UK's electricity grid has said that planned blackouts might be needed th

Going with the flow: Oil and gas exploration in India

By 2025, tiny Guyana could be producing more oil than the whole of India. This fact alone points to what we have missed out on by driving away international investment through policy hostility

Centre to relax rules, fast-track new measures for oil & gas exploration

More processes to be brought under the self-certification framework while clearance portal is being upgraded

RIL sees gas prices rising in Oct; says revenue grew 3.5 times in FY21-22

It is anticipated that the price of gas from old fields of state-owned ONGC will be hiked to about USD 9 per mmBtu and the cap for difficult fields will rise to double digits

India to double down on oil, gas exploration: Hardeep Singh Puri

The world's third-largest energy consumer will continue to rely on hydrocarbons to meet its growing energy needs in the foreseeable future, he said

Essar Oil strengthens board with experts, experienced hydrocarbon execs

New members include Jonathan R Kelafant of Advanced Resources International, Inc, and Charles Boyer of Schlumberger

These lesser-known firms set to make a mark in India's oil and gas sector

Nippon Power, South Asia Consultancy, PFH (Poddar Family Holdings) Resources and Chennai-based Adbhoot Estates could be the first ones to start production from blocks awarded during DSF-1 auctions

Oil and gas production continues to elude discovered small fields

Officials from many new entrants to India's upstream oil and gas exploration sector point fingers towards delays in clearances and faulty data

Saudi Arabia's Aramco announces discovery of four new oil and gas fields

Saudi Arabia announced the discovery of four new oil and gas fields, the Saudi Press Agency reported

EU to hit Turkey with more sanctions over its Mediterranean gas exploration

European Union leaders gave the green light for the expansion of sanctions against Turkey over its exploration of gas reserves in Mediterranean waters claimed by EU members Greece and Cyprus

Exxon Mobil slashes capital spending, announces $20 bn oil asset write-down

The company said it was removing gas projects from its plans in Appalachia, the Rocky Mountains, Oklahoma, Texas, Louisiana, Arkansas, Canada and Argentina

Double-tanker truck carrying gas explodes in Mexico, killing 13

A double-tanker truck carrying liquified cooking gas lost control and flipped on a highway in western Mexico, caught fire and exploded, killing at least a dozen people in nearby vehicles

Oil India makes natural gas discovery in Assam's Tinsukia

On testing, it produced gas at the rate of 115,000 standard cubic meters per day

ONGC to take Rs 7,000 cr hit over gas price; govt may alter pricing formula

Prices touched historic low of $1.79 per mmBtu for October-period of current financial year, down 25% from $2.39 per mmBtu during April-September period

Newbies bid for small oil fields only to get bogged down in red-tape

Entrepreneurs bid for discovered small fields, only to find gaps between promise and experience

Covid-19: Cairn invokes force majeure on exploration; seeks relief in OALP

The company wants an extension of timelines for the blocks it won under the Open Acreage Licensing Policy (OALP) rounds

Centre increases oil and gas bidding round to three times a year

The overhauled oil and gas exploration licensing policy will be implemented from the 4th bid round