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PTI reported that India will have the right over 65 per cent of 6 million barrels of crude oil that Abu Dhabi National Oil Company (ADNOC) will store at the country's maiden strategic storage at Mangalore.

Posted By : Nanda Koijam 1 day 1 hour 47 minutes ago
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PTI quoted Essar Oilfields Services India Ltd (EOSIL) as saying that it has been awarded INR 28 crore contract by GAIL to drill at least three wells on state-owned firm's exploration acreage in Gujarat's Cambay basin.

Posted By : Nanda Koijam 1 day 1 hour 52 minutes ago
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Reuters reported that the Oil and Natural Gas Corp (ONGC) is set to hire international oil service giants for the first time to boost output from domestic oil fields in response to a government push to increase local...

Posted By : Nanda Koijam 1 day 1 hour 55 minutes ago
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Reuters reported that Turkey has yet to issue a permit for Russia's Gazprom to start building the land-based part of the TurkStream gas pipeline, three sources familiar with the matter said, stoking fears the...

Posted By : Nanda Koijam 1 day 1 hour 59 minutes ago
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Mosman Oil and Gas has completed the prefeasibility study on its Welch Permian Basin Project in Texas. Mosman identified the development potential would be to drill horizontal wells which it expected would increase both...

Posted By : Nanda Koijam 1 day 2 hours 5 minutes ago
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Three years ago, the US shale oil boom appeared to be over, apparently starved to death when OPEC flooded the market with cheap oil. As prices plummeted from over USD 100 to USD 40 a barrel

Posted By : Nanda Koijam 1 day 2 hours 11 minutes ago
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Moody’s Investor Service said that as the world moves towards lower carbon emissions, the business of oil refining appears to be at risk in the long run from tightening regulatory environment combined with...

Posted By : Nanda Koijam 1 day 2 hours 15 minutes ago
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Nigeria’s state oil firm said it had spent $5.8 billion on fuel imports since late 2017, as it combats a fuel shortage that has left people queuing for hours at filling stations and hobbled an already-struggling...

Posted By : Nanda Koijam 1 day 2 hours 19 minutes ago
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BP plans to make final investment decisions on three major new oil and gas projects in 2018 and possibly more

Posted By : Nanda Koijam 1 day 2 hours 23 minutes ago
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Sputnik reported that the pre-sale of Venezuelan own cryptocurrency "Petro," which is backed by the country's oil reserves, has started.

Posted By : Nanda Koijam 2 days 1 hour 54 minutes ago
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