Oil Exploration

Interconnected disaster risks: Turning over a new leaf (2025 report)

The 2025 Interconnected Disaster Risks report shifts focus from diagnosing problems to mapping out solutions. It establishes that many of today’s solutions are surface-level fixes, and that to create lasting change, we need to question the societal structures and mindsets that perpetuate these challenges. The report offers a more holistic …

U.S. Must Step Up Cuba Oil Spill Readiness: Experts

With Cuba preparing to explore for oil 60 miles from Florida, the complicated politics of U.S.-Cuba relations are impeding U.S. efforts to get ready in case of a BP-style accident, analysts and oil experts said. The Obama administration must do more to ensure that U.S. companies can quickly mobilize safety …

Gas And Oil Abundant In Alaska's Cook Inlet

Alaska's Cook Inlet basin still has potential for abundant natural gas and oil discoveries even after five decades of production, according to a federal report issued on Tuesday, signaling potential revenue for the state and more interest from developers. In the first resource assessment issued since 1995, the U.S. Geological …

Greatest Threat to Caribou Herd in Canada Isnt From Wolves

Humans are a much bigger problem than wolves for a caribou herd in the oil sands area of Alberta, Canada, scientists reported last week in Frontiers in Ecology. Studies of scat of moose, caribou and wolves in the area showed that caribou accounted for only 10 percent of the animals …

Arkansas: Closing of Wells Is Sought

The Arkansas Oil and Gas Commission on Tuesday proposed a permanent moratorium on disposal wells related to natural gas drilling in a 1,150-square-mile area in the center of the state. State scientists have found a highly suggestive link between the operation of these wells and a swarm of more than …

Decks cleared for $7.2 bn Reliance-BP deal

SALE OF 30% STAKE IN OIL, GAS BLOCKS Clearing the last hurdle, the Home Ministry has given unconditional approval for UK's BP to buy a 30 per cent stake in Reliance Industries' oil and gas blocks, including the showcase KG-D6 gas fields, for $7.2 billion. The Ministry of Home Affairs …

Ministry clears 30% stake sale in 23 RIL oil, gas blocks to BP

The Home Ministry has given unconditional approval to Reliance Industries for the sale of a 30 per cent stake in 23 oil and gas properties, including the Mukesh Ambani-led firm

Govt showed favour to private oil explorers: CAG draft report

KG Basin, Barmer, Panna-Mukta-Tapti Under Scrutiny New Delhi:The Comptroller and Auditor General (CAG) has said oil ministry and its regulatory arm for oil hunting companies, Directorate General of Hydrocarbons, showed favour to at least three explorers. The draft report, which is awaiting oil ministry

Oil regulator refuses to recognise Reliances three gas discoveries

In a disquieting development for Reliance Industries, oil regulator DGH has refused to accredit three natural gas discoveries made by the company at its KG-D6 block, where revival of the sagging output depends on production from new finds. The Directorate General of Hydrocarbons (DGH) rejected D-30, D-31 and D-34 finds …

Cairn Awaits Ruling In Case Against Arctic Protesters

Cairn Energy expects to find out later on Wednesday whether a lawsuit designed to deter environmental protesters from disrupting its Arctic drilling campaign has been successful. Cairn, a British oil and gas firm which is leading a charge to find oil off the coast of Greenland, faces strong opposition from …

Arctic Protesters Force Cairn To Halt Drilling

British oil explorer Cairn Energy said on Saturday it had suspended drilling from a rig off the coast of Greenland after environmental protesters breached an exclusion zone. The company, which plans to drill a total of four wells off Greenland this summer, said Greenpeace activists boarded its "Leiv Eiriksson" drilling …

ULFA hawks tell oil firm to quit Assam

Hardliners of the United Liberation Front of Assam (ULFA) led by Paresh Barua have issued

Ice Melt To Close Off Arctic's Interior Riches: Study

Global warming will likely open up coastal areas in the Arctic to development but close vast regions of the northern interior to forestry and mining by mid-century as ice and frozen soil under temporary winter roads melt, researchers said. Higher temperatures have already led to lower summer sea ice levels …

Cairn to begin drilling for oil in Sri Lanka's Mannar basin in August

Cairn Lanka, a wholly owned subsidiary of Cairn India is to commence drilling for oil in the Mannar basin off Sri Lanka's northwestern coast in August 2011, the Indian company said. Cairn India, issuing its first quarter financial report Wednesday, said significant preparatory work for the Sri Lanka frontier exploration …

Exxon CEO Says Working To Inform Public On Fracking

Exxon Mobil Corp defended hydraulic fracturing at its annual shareholder meeting on Wednesday, even as investors peppered CEO Rex Tillerson with concerns and questions about the technology. A shareholder proposal requiring greater disclosure by Exxon on the risks and impact of its hydraulic fracturing practices was voted down by about …

Greenpeace Sends Vessels To Protest Greenland Oil

Environmental group Greenpeace has sent two vessels into the northern North Sea to protest against oil exploration off Greenland, the organization and officials said on Tuesday. Greenpeace's action came as British explorer Cairn Energy laid out its plans for drilling off Greenland this summer and began preparing to move the …

Iran Says Finds Light Oil In Offshore Gas Field

Iran has discovered a deposit of light oil offshore of an estimated in-place reserve of 756 million barrels valued at $13.6 billion, the state TV website reported on Saturday quoting a senior oil official. The oil reserve was found at Khayyam field off the Gulf shore in Hormuzgan province. It …

PM dedicates Bina refinery to nation; package for Bundelkhand

Appreciating the India-Oman collaboration, Prime Minister Manmohan Singh on Friday dedicated the Bina refinery in Sagar to the nation. Besides, he also announced a `7,266 crore package for the underdeveloped Bundelkhand region. The `12,100 crore Bharat-Oman Refinery Limited (BORL) project is situated in Bina or Sagar district. Describing it a …

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