‘The refuge includes the birthing grounds of the Porcupine caribou herd, as well as the prime denning area for the Beaufort Sea polar bears (a threatened species, numbering only 900).’ Photograph: AP Language is everything. Those who argue for oil drilling in the Arctic national wildlife refuge, a place of stunning wild beauty in…
Emerging Global Offshore Oil And OPEC+ Prior to OPEC+, a coalition of 23 countries, agreeing to continue with production cuts on December 3, 2020—Libya’s oil production shifted market dynamics in 2020—as the OPEC member swiftly ramped its oil output above 1 million barrels per day (MBPD). In parallel with Libya’s output, global offshore production is…
It has been stated by Oil India Limited (OIL) that diversion of the well at the nearby early production setup (EPS) had been attempted on September 13 and a cumulative production of 6,960 kilo litres (KL) of high-quality condensate along with 49.01 million metric standard cubic metre (MMSCM) of natural gas has been achieved…
Houston — US shale volumes and new well productivity per rig are both expected to fall month-over-month in January as the industry enters the winter season and the number of drilled, but uncompleted wells continues to decline, the US Energy Information Administration said in its Dec. 14 drilling productivity report. US unconventional oil…
India’s state-owned ONGC Videsh has plans to drill two wildcats off Bangladesh after the host government recently further extended the exploration term for production sharing contracts at blocks SS-04 and SS-09. The two shallow-water wells are scheduled to be drilled from October 2021 after next year’s monsoon season.The probes, targeting the Titly and…
State-owned ONGC thought the discovery is too small to make economic sense. But Hindustan Oil Exploration Company (HOEC) in two years of taking over the B-18 block has not just discovered more resources but has invested enough to start oil and gas output from April next year. In an interview to PTI, HOEC…
Vijayawada: The Cairn Oil & Gas, a division of Vedanta Limited, is all set to begin oil and natural gas exploration in Krishna district. The Oil and Natural Gas Corporation (ONGC) has already completed the ground work and identified the drilling area for the purpose. The ONGC had drilled three exploratory wells back…
MOSCOW – Lukoil plans to sell its 50% stake in Turgai Petroleum, its oldest oil asset in Kazakhstan, as Russia’s No 2 producer seeks to boost its revenues by focusing on more profitable fields, four industry sources told Reuters on Friday. Lukoil, Russia’s top private oil company, entered neighbouring Kazakhstan in 1995, but…
Hindustan Oil Exploration Company Limited (HOEC) on Friday increased its participating interest in Block-80 field to 60% from 50% and has also secured a medium-term loan facility of Rs150cr. In its regulatory filing, HOEC informed that a Deed of Assignment and Assumption is executed with Adbhoot Estates Private Limited (Adbhoot) for assigning 10%…
Vijayawada: The Cairn Oil & Gas, a division of Vedanta Limited, is all set to begin oil and natural gas exploration in Krishna district. The Oil and Natural Gas Corporation (ONGC) has already completed the ground work and identified the drilling area for the purpose. The ONGC had drilled three exploratory wells back…
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