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According to the Monthly Oil Market Report, the Organisation of Petroleum Exporting Countries has increased production of crude oil by 810,000 barrels per day.

Posted By : Robert W. 9 hours ago
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State-owned Oil and Natural Gas Corporation has agreed to conduct tests prescribed by upstream regulator Directorate General of Hydrocarbons to confirm three key gas discoveries in its Krishna Godavari basin block to...

Posted By : Robert W. 9 hours 18 minutes ago
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Economic Times reported that India and China could sign a pact on joint deep sea research in Indian Ocean Region during Mr Narendra Modi's trip to Beijing next month. The deal is significant as it could lead to...

Posted By : Robert W. 9 hours 37 minutes ago
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Mehr News reported that Iran’s pending financial demands from world petrochemical complexes and refineries have exceeded USD 18 billion, with Greece and South Korea on top of the list.

Posted By : Robert W. 9 hours 57 minutes ago
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Economic Times reported that Haryana State Industrial and Infrastructure Development Corporation has permitted GAIL India Limited for laying of a 3.85 km gas pipeline within Old industrial area, Yamunanagar for supply...

Posted By : Robert W. 10 hours 17 minutes ago
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Business Standard reported that Cairn India Limited, petroleum exploration arm of London-listed Vedanta Resources, has reported a net loss of INR 1,044 crore in the quarter ended March as lower crude oil prices impacted...

Posted By : Robert W. 10 hours 38 minutes ago
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IANS reported that Bharat Petroleum arm Numaligarh Refinery Limited has signed a memorandum of understanding with Bangladesh Petroleum Corporation for export of petroleum products to the neighbouring country.

Posted By : Robert W. 11 hours ago
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Put together, the 3 facilities, managed by the Indian Strategic Petroleum Reserves Limited, can hold 5.33 million tonne of crude oil, or the equivalent of 5,17,857 truck-tanker loads of 12 kilolitre capacity each. The...

Posted By : Robert W. 11 hours 19 minutes ago
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Saturn Minerals has been granted a permit to drill an oil well at its Bannock Creek property in Saskatchewan. The company has contracted West Rock Energy Consultants for logistical support and for its drilling program.

Posted By : Robert W. 11 hours 45 minutes ago
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The Saskatchewan government said that there is a growing problem with oil wells in the province releasing levels of hydrogen sulphide or sour gas, many times higher than what would kill a person.

Posted By : Robert W. 12 hours 42 minutes ago
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The Associated Press reported that state regulators are giving an oil company some temporary relief from North Dakota's gas flaring rate requirements.

Posted By : Robert W. 1 day 8 hours ago
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All across North America, patches of land are being taken over by the rigs, roads and storage facilities of thousands of oil and gas drilling operations. Now, for the first time, a study tallies up the land area they...

Posted By : Robert W. 1 day 8 hours 18 minutes ago
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The Board of Directors of Oil & Gas Development Company Limited in its meeting, held on April 23rd at OGDCL Head Office Islamabad announced the financial results for the nine months ended March 31st.

Posted By : Robert W. 1 day 8 hours 47 minutes ago
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Bloomberg reported that oil needs to recover to USD 65 a barrel for US drillers to tap a pent-up supply of oil locked in shale wells and unleash more crude on markets than is produced by Libya.

Posted By : Robert W. 1 day 9 hours 4 minutes ago
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MOL Group has completed the rebranding process of the first six Romanian stations of the network acquired this year, in Bucharest and Constanta. According to the company, several other stations are in the final stages...

Posted By : Robert W. 1 day 9 hours 30 minutes ago
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The Guardian reported that a Federal High Court in Port Harcourt has granted leave to Arco Group Plc to serve notice of consequences of disobedience to order of the court to the MD of the Nigerian Agip Oil Company...

Posted By : Robert W. 1 day 9 hours 48 minutes ago
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The Telegraph reported that the US is scrambling to head off a Greek pipeline deal with Russia, fearing a disastrous change in the strategic balance of the Eastern Mediterranean as Greece’s radical-Left government...

Posted By : Robert W. 1 day 10 hours 40 minutes ago
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The Environmental Protection Agency and the US Department of Justice announced that Exxon Mobil Pipeline Company and Mobil Pipe Line Company have agreed to pay a USD 5 million civil penalty to settle alleged violations...

Posted By : Robert W. 1 day 15 hours 46 minutes ago
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The company planning to build a 900 kilometre natural gas pipeline across northern B.C has signed a benefit agreement with the Kitselas First Nation.

Posted By : Robert W. 2 days 13 hours 42 minutes ago
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The Directors of Liquefied Natural Gas Limited are pleased to advise that its 100% owned project company, Magnolia LNG, LLC, has been notified by Meridian LNG Holdings Corporation that Meridian LNG intends to progress...

Posted By : Robert W. 2 days 16 hours 44 minutes ago
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