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OFFSHORE OIL LEASES
Vedanta Resources plans to relist; US likely; eyeing $100 billionAnil Agarwal plans to relist Vedanta Resources, potentially in the US. The group intends to invest $100 billion in India's metals and miner...- First of 30 oil lease sales planned for Gulf of Mexico draws $300 million from companiesOil firms bid over $300 million for drilling rights in the Gulf of Mexico. This marks the start of 30 planned sales to boost U.S. fossil fu...
- Trump plans massive expansion of offshore oil drillingPresident Donald Trump's administration is planning to open up millions of square miles (kilometers) of US coastal waters to oil and gas dr...
- Trump temporarily halts leasing and permitting for wind energy projectsPresident Donald Trump signed an executive order halting offshore wind lease sales and pausing approvals for wind projects. The order inclu...
- President Joe Biden to ban new oil drilling over vast areas of US Atlantic, Pacific watersPresident Joe Biden will ban new offshore oil and gas development across 625 million acres of U.S. coastal territory. The ban will cover st...
- Donald Trump's return will slow, not stop, US clean energy boomDonald Trump's energy policy will prioritize oil and gas production, but the renewable energy boom is likely to continue due to the Inflati...
- Biden calls for up to three oil and gas lease sales in the Gulf of Mexico, disappointing all sidesThe Biden administration has proposed up to three oil and gas lease sales in the Gulf of Mexico, while excluding Alaska, as it tries to bal...
- 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...
- Biden admin cancels 3 planned Alaska oil and gas lease saleThe White House had been mute on the big Alaska lease until today. However, revoking the sale would be consistent with President Joe Biden'...
- DGH, Joint Secy to be government nominees on oilfield oversight panelsThe so-called Management Committees will also have representatives of the companies or consortiums that won the rights to produce from the ...
- Government to float tenders to lease sea blocks for wind farms early next yearNew & Renewable Energy Secretary Upendra Tripathy said, "The number of offshore blocks will depend on clearance from Defence Ministry and o...
- DVB Bank eyes 29 pc stake in Global OffshoreGerman bank seen in advanced talks with Mauritius-based PE fund India Star to purchase stake; deal value may be around Rs 100 crore.
- OilMin nod for drilling in exploration areaThe Ministry, which had been sitting on the proposal, issued formal orders a few days ago permiting exploration.
- Dynamic Offshore Drilling to deploy rig for ONGC from next mthDynamic Offshore Drilling will deploy a newly built exploration rig in the Western offshore part of India for drilling oil and gas wells fo...
- Oil Minister allows RIL,Cairn to explore further in producing fieldsCurrently, when a company finds oil or gas in an area, the discovery area is ring-fenced and a mining lease granted for production of hydro...
- Global Vectra licence cancellation: Lookout for new operatorsWith the cancellation of flying licence to Global Vectra helicopters, hunt is on for new operators to fill in the gap for taking part in so...
- Aban Offshore bags Rs 1,133 cr contract in MalaysiaDrilling and oil field services provider Aban Offshore today said it has secured a contract worth $ US 241 mn (about Rs 1,133 crore) in Mal...
- Oil flowing from offshore spigot still years awayThe welcome sign is going out to oil and gas companies off the Atlantic and Pacific coasts.
- More oil production taken of line ahead of GustavEnergy companies have shut down more offshore production platforms as Gustav regained full hurricane force and neared the Gulf of Mexico.
- 47 companies bid on US Gulf offshore oil leasesDozens of energy companies bid to explore almost 2 million acres (810,000 hectares) of the western Gulf of Mexico for oil and natural gas, ...
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