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OFFSHORE HYDROCARBON BLOCKS
Oil India reports natural gas presence in second Andaman offshore wellOil India Limited has found natural gas in its third exploratory well in the Andaman offshore block. This is the second well in the block t...- ONGC bets on gas-led growth as premium pricing boosts profitabilityONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantl...
- After Mumbai High, ONGC brings in BP in other western offshore oil, gas fieldsIn a strategic alliance, ONGC has teamed up with BP to enhance the extraction of oil and gas from its aging offshore fields in the west. Th...
- India cuts royalty burden on oil and gas producers in push for domestic outputIndia's Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration an...
- US 'suffocating' Iran with blockade, says Treasury Secretary Scott BessentTreasury Secretary Scott Bessent said Sunday that the United States was "suffocating" Iran's leadership through an "economic blockade" laun...
- Iran conflict exposes limits of energy transition, pushes world back to oil, gas and nuclearRecent global events, particularly the Iran conflict, have highlighted the continued reliance on hydrocarbons, pushing back EV targets and ...
- India to offer 21 oil, gas blocks in OALP-XI bid roundIndia is set to launch its 11th Open Acreage Licensing Policy (OALP) round, offering 21 oil and natural gas blocks spanning over 80,000 sq ...
- Oil India reports natural gas occurrence in Andaman shallow offshore blockOil India Limited (OIL) has reported a significant natural gas occurrence in its second exploratory well, Vijayapuram-2, within the Andaman...
- India witnesses renewed spurt in oil and gas exploration: Petroleum Minister PuriPetroleum Minister Hardeep Singh Puri announced a surge in India's oil and gas exploration, particularly offshore, driven by opening 'No-Go...
- Government plans to 'float' offshore oil blocks-cum-wind farmsThe Ministry of New and Renewable Energy (MNRE) is in discussions with the Ministry of Petroleum and Natural Gas (MoPNG) to combine the exp...
- India offers 26 blocks for producing oil, gas in mega offshore bid round"Government announces the offer of 26 blocks covering an area of approximately 2.23 lakh square kilometers for exploration and development ...
- ONGC Videsh Ltd, partners relinquish Israeli oil blockWhen the Indian consortium in late 2017 won the Israeli energy ministry's nod to bid for the block, it was hailed as New Delhi's growing cl...
- Government offers royalty sops to boost oil & gas output“Concessional royalty at the rate of 10%, 20% and 30% has been proposed for category-I, II and III basins respectively," a senior governmen...
- Cairn India gets nod for drilling 64 exploratory, appraisal wells in KG-BasinThe EAC, while according to environmental clearance, set a few conditions along with other specific and general environmental conditions re...
- RIL gets green nod for Rs 800 crore drilling project in Tamil NaduAmong key conditions specified, RIL has been asked to ensure gas produced during the testing should be flared with appropriate flaring boom...
- RIL gets green nod for exploratory drilling project in Tamil NaduThe company should ensure that there is no impact on flora and fauna due to drilling of wells in the offshore sea.
- Cairn India may spend Rs 13,000 crore on KG-Basin blockThe KG-OSN-2009/3 offshore block in Bay of Bengal along the coast of Andhra Pradesh is spread over an area of about 1,988 sq km.
- OVL wins two oil blocks in ColumbiaColombia's National Hydrocarbons Agency awarded the RC10 Caribbean oil block to a OVL and Ecopetrol of Columbia, OVL chief executive office...
- Reliance hits bull's eye in Cauvery basinRIL’s success story on oil and gas finds may have just got bigger. The energy major is now set to announce its next big find of gas, this t...
- Govt to offer 60 blocks under NELP-VIIThe Directorate General of Hydrocarbons (DGH), which is under the Union petroleum ministry, will offer some 60 blocks as part of the New Ex...
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