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GAS RIG DECLINE
Why are US energy firms cutting rigs now? Baker Hughes report explainedBaker Hughes (BHI) reported that the US oil and gas rig count decreased by one to 598 for the week ended October 2. It was the first decrea...- US energy cushion faces new stress test as Middle East risks rise againAs Middle East tensions rise, America’s energy market stability is put to the test. Record levels of electricity demand and heavy data-cent...
- Bangladesh's gas crisis hits factories, homes and transportIn the face of an acute natural gas scarcity, Bangladesh is witnessing the shutdown of key fertiliser plants, impacting hundreds of factori...
- Guwahati: ONGC clears path for well capping operationsONGC, collaborating with Cudd Pressure Control, has made significant progress at Well RDS#147A, removing rig material and preparing for wel...
- Oil eases on resuming US output after storm, rising rig countAs U.S. Gulf Coast production and refining activity resumes, investors have opted to offload oil contracts going into the weekend, said Bob...
- Oil settles down on US jobs data, steepest weekly loss in 3 monthsBrent crude futures for July settled 71 cents lower, or 0.85%, to $82.96 a barrel. U.S. West Texas Intermediate crude for June fell 84 cent...
- Oil prices take a small loss in seesaw sessionThe market tumbled earlier in the session after a New York Federal Reserve Bank manufacturing survey showed a third month of declines in ne...
- Global rigs shortage delays Indian oil and gas exploration projectsIndian explorers are finding it hard to source rigs, especially jack-up rigs, for their projects, as high oil prices have pushed up explora...
- ONGC Tripura Asset posts highest ever gas productionONGC Tripura Asset has achieved record gas production of 1,675 Million Standard Cubic Metres (MMSCM) in 2022-23 FY, breaking its previous r...
- Deep Industries to diversify into services to offshore rigs, biogas industryThe company wants to begin with offering diving services for the maintenance of offshore oil rigs over the next two years and then subseque...
- Brent crude may fall towards $60 level if Iran-US tensions easeIranian oil exports remain at historic lows as Tehran is shunned by global refiners.
- The oil industry is acting like the worst is overData from Federal Reserve indicated that oil companies are starting to reverse their behavior of shutting down wells and halting production.
- RIL lowers us shale gas capex, but bullish on India E&P plansTalking to equity analysts late, RIL said that it has lowered capital expenditure on its shale gas business for 2015-16 by 30% year-on-year...
- India's oil & gas production misses targetIndia's oil and gas production targets slipped significantly in the 11th Plan because of delays in project implementation by ONGC, Cairn an...
- RIL sublets sole drilling rig to Malaysia's PetronasReliance Industries has sublet the only deep-sea drilling rig it currently has to Malaysia's Petronas, leaving no rig deployed at any of it...
- RIL threatens to pull out of explorationReliance Industries has threatened to stop oil and gas exploration if it is not granted the promised drilling moratorium to cover for the a...
- Jindal Drilling in talks to build deepwater rigJindal Drilling & Industries, part of the DP Jindal Group, is in discussions with Norwegian offshore services group Sevan Marine to form a ...
- Oil boom to benefit India's drilling equipment makersIndian capital goods companies are entering the rig business, fuelled by a global boom in exploration due to the trebling of crude oil pric...
- Oil explorers in a tight spot as rigs move to UK, Mexicooil explorers led by Oil & Natural Gas Corp (ONGC) are losing rigs to rivals in countries such as Mexico and the UK as their existing contr...
- Reliance may miss June ‘08 deadline to produce KG gasReliance Industries (RIL) is likely to miss the June 2008 deadline for commercial production of gas from the Krishna Godavari (KG) basin.
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