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OIL PRODUCTION
ONGC to revive Venezuela oilfieldONGC Videsh will invest $200 million to revive Venezuela's San Cristobal oilfield. The company secured a US license for continued operation...- In a 2023 study in San Severo, six medicinal crops grew beneath tracking solar panels; deep shade cut evapotranspiration by 81.1% but reduced biomass by up to 48.8%A recent investigation conducted in Italy examined the effects of growing herbs beneath solar panels. The findings revealed a significant r...
- Conflict-hit oil supply crisis deepens as nearly half of global output comes from affected countriesNearly half of the world’s oil supply now comes from countries affected by conflict, highlighting the growing vulnerability of global energ...
- $20 million: The cost of shipping oil through Strait of Hormuz, TotalEnergies CEO saysShipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide mar...
- Iran digs up ‘tens of billions’ in gas wealth as US energy showdown heats upIran has discovered a major gas field in southern Fars province containing 7.5 trillion cubic feet of gas, with 5.7 trillion cubic feet rec...
- US billionaires are piling millions into Argentina's Shale boom, here’s what is driving itAmerican billionaires are increasing investments in Argentina's Vaca Muerta shale basin. Harold Hamm's Continental Resources plans a $4 bil...
- The Hormuz crude volume debate masks the real shortage of refined fuelsThe oil market is focused on disputed estimates of crude flows through the Strait of Hormuz, but Asia’s refined fuel markets show clearer s...
- 'Tukaram Mundhe approved eatery': Harsh Goenka says forget Michelin stars as Maharashtra FDA chief’s strict food safety checks take social media by stormTukaram Mundhe, Maharashtra's FDA commissioner, has been making waves on social media with his strict approach to food safety. His inspecti...
- How to reuse empty cream or oil bottles: Easy DIY crafts & hacks to turn waste into useful home itemsEmpty beauty and oil containers can be surprisingly useful around the home. With a thorough clean, many of them can be repurposed in simple...
- Six EU countries urge windfall tax on energy firmsSix EU nations are urging a bloc-wide windfall tax on oil companies. Profits have surged due to the ongoing Middle East war and rising cost...
- Iran’s South Pars Phase 14 refinery 70% repaired after Israeli strike: ReportThe repair work on Iran's South Pars Phase 14 gas refinery has reached a promising seventy percent completion mark. Following an Israeli at...
- Rust, power cuts and delays: Inside Venezuela’s oil export crisisVenezuela's oil exports face significant delays due to ageing port infrastructure. Tankers wait up to thirty days for loading, slowing oper...
- Acquired new tastes & distastes: India’s health warnings are loud. Its consumption habits are louderDespite health warnings, cigarette production surged 24%, while wine consumption rose 25% among the young. Conversely, production of fruit ...
- July core growth down to 5.4% as iron ore, power lose steamIndia’s core sector growth slowed to 5.4% in July from 6% in June, with weaker iron ore, steel and electricity output and contractions in f...
- India enters 'long-term arrangement' with Mauritius to supply petrol, diesel and aviation fuelIndia has signed a long-term supply arrangement with Mauritius for petrol, diesel and aviation fuel, strengthening energy cooperation betwe...
- India reworks oil map with Venezuela as Hormuz battlefield keeps Gulf flows in doubtIndia is increasing crude oil imports from Venezuela and Latin America. This diversification aims to secure supplies amid Middle East disru...
- India's July crude oil imports rise over 9% month-on-monthIndia crude imports: On an annual basis, crude oil imports were up 13%, from 18.89 million tons in July last year, data from the Petroleu...
- Fascinated by the word “biomass,” a seventh-grader in Texas made algae produce 77% more biofuel oils in just five days with a simple vitamin-and-salt experimentIn an innovative study, a budding student fascinated by the word 'biomass' delved into the promising world of algae as a source of biofuel....
- ONGC gets US licence to resume full Venezuela operations, eyes operatorshipONGC has received a US Treasury license to resume full operations in Venezuela. This approval removes sanctions-related risks, allowing exp...
- 'No substitute': Kuwait's future tied to Hormuz strait fateKuwait's oil exports have plummeted due to the ongoing war and Strait of Hormuz closure. The nation faces its biggest crisis since the 1990...
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