India’s First Decommissioning Of Offshore Oil Field Completed Successfully
The JV of ONCG, RIL and BGEPIL_Shell successfully completed the first decommissioning of an offshore oil rig in India.
oil&gas
Carin Oil & Gas Signs Contract With Parker Wellbore
Carin Oil & Gas has entered into an agreement with Nabors-owned Parker Wellbore to expand its operations in India using their high-performance drills.
ONGC onboards BP Exploration as Technical Services Provider for Mumbai High Field
Oil major ONGC has onboarded BP Exploration as Technical Services Provider for its Mumbai High Field, a multi-layered field located in the Mumbai offshore area.
IEA forecasts India’s oil demand to double by 2040
IEA has predicted India’s oil demand would go up twice to more than 9 million barrels a day by 2040, ramping up its dependence on imports to 90 percent
ONGC gives up shale gas hunt midway the first exploration
ONGC has aborted shale gas exploration programme before completing even the first phase of the programme search
Despite economic slowdown India’s oil demand rises fastest globally: Opec
Despite the ongoing economic slowdown India’s oil demand is likely to end 2019 with an increase of 3.21 percent to 4.88 million barrels a day from 4.73 million barrels a day in 2018
Saudi Aramco, ADNOC’s India refinery project delayed by 2 years
The construction of a 1.2- million-barrels-a-day giant oil refinery-cum-petrochemical complex planned by Indian oil companies in partnership with Saudi Aramco and Abu Dhabi National Oil company (ADNOC) in the western coastal state of Maharashtra has been delayed by two years following a delay in acquisition of land. Based on a statement at the Maharashtra Legislative […]
Indian energy is poised to attract US$300 billion in foreign investment over a decade – Oil Minister
India’s energy sector is expected to attract foreign investments worth more than US$300 billion in the coming decade, minister for petroleum and natural gas Dharmendra Pradhan said on Decmber 11. Addressing an annual energy conclave, organized by KPMG, Pradhan said: “The global investment industry is today keenly looking at Indian energy sector as an attractive […]
Cairn Oil and Gas is to invest Rs 12 billion to increase Barmer oil production
Cairn Oil and Gas, the upstream division of mining giant Vedanta, has said that it has sought the government’s approval to enhance oil production capacity at its flagship Barmer block in Rajasthan to 400,000 barrels of oil per day (bpd) and natural gas output to 750 million standard cubic feet per day (mmscfd). “The RJ […]
India partners with foreign firms to build strategic petroleum reserves
Bracing for unforeseen price shocks and supply disruptions, India is trying to strengthen its Strategic Petroleum Reserves (SPRs) in partnership with foreign oil producers and traders.