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 …

The refinery movement in Assam

Oil has played an important role in the politics of Assam and is a determining factor in the relation between the centre and the state. The right over the natural resources of Assam has been an issue of contention between the central government and Assam in post-independence India. The discovery …

Oil cos to be compensated, says Sundareshan

The petroleum ministry on Thursday said the government is committed to adequately compensating state-owned oil marketing companies for the losses they incur on selling diesel and cooking fuel below cost.

11 firms in fray to make model fields for ONGC Gujarat wells

Rutam Vora / Ahmedabad December 28, 2010, 1:24 IST Eleven companies, including international giants, have evinced interest in Oil and Natural Gas Corporation

Russia, India to strengthen ties with energy, oil pacts

With no signs of a respite in oil prices and given India

US sues BP, 9 others for oil spill

LALIT K. JHA WASHINGTON The US has filed a civil lawsuit against British Petroleum and nine other companies in the country

India set to sign TAPI pipeline pact

India is all set to give its consent for an inter-governmental agreement on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, which will be signed in Turkmenistan at a summit meet next week. This is being termed as a major breakthrough for a project that has hardly moved beyond the drawing board for nearly …

The fight for Yasuni

Over the past decade, biologists working in Ecuador's Yasuni National Park and the adjoining Waorani Ethnic Reserve, a 17,000-kilometer section of the Amazon Basin that was designated a UNESCO Biosphere Reserve in 1989, have documented Yasuni's remarkable biodiversity, providing evidence that its forest has the highest number of species on …

ONGC turns Asia's top oil company

With revenues of $22 billion, ONGC reported a profit of $4.2 billion last fiscal, which forms the basis for the Platts rankings. It had assets worth $33.37 billion. State owned Oil and Natural Gas Corporation (ONGC) has beaten Chinese rival Cnooc to become Asia

ONGC plans to spend $10 bn for KG basin

New Delhi: ONGC plans to invest over $10 billion to develop its new gas field in the KG basin for production. ONGC aims to develop the KG basin through four different projects. "We are targeting 25-30 million standard cubic meters per day of natural gas production by 2014-15," DK Pandey, …

Oil firms being encouraged to secure assets abroad: Manmohan

NEW DELHI: Stating that the growing Indian economy would require tremendous amount of energy sources to maintain its pace, Prime Minister Manmohan Singh on Monday said India was encouraging its oil companies to acquire gas and oil assets abroad to meet the increasing demand that is likely to grow by …

Petrotech 2010 goes green!

Oil exploration and production companies are counted among the bad boys when it comes to environmental damage. Perhaps to undo that image, especially in the year of BP

PM predicts jump in India oil demand

New Delhi, Nov. 1: Projecting a growth of 40 per cent in India

Government to step up oil and gas exploration

New Delhi: The government, which was aggressively pushing for exploration of conventional oil and gas, had taken steps to tap shale gas to reduce the country's import dependence, Union Minister for Petroleum and Natural Gas Murli Deora said on Sunday.

ONGC asked to stop drilling

THE Tripura State Pollution Control Board has ordered public sector company, Oil and Natural Gas Corporation (ONGC), to suspend exploratory drilling at Aralia village near Agartala in mid- September. The move follows site inspection by the Central Pollution Control Board (CPCB) that found ONGC flouting environmental norms. The company is …

Cairn-Vedanta deal has jurisdiction issues: Govt

Prior permission needed, it maintains; decision by the end of December. Murli Deora For the first time after the announcement of the Cairn-Vedanta deal on August 16, the government today admitted to differences with Cairn over whether the deal required approval under the production sharing contract for the Barmer oil …

Upstream oil firms gain from retail price rises

Fuel price rise in June brings down subsidy burden by 45%. In what will enhance the financial performance of upstream oil companies, the subsidy burden on Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and GAIL Ltd has decreased by 45 per cent in a single quarter thanks …

US deep-water drilling ban lifted

BLOOMBERG Washington/New York, 12 October US Interior Secretary Ken Salazar said he is lifting the Obama administration

ONGC offers stake to Kuwait

Kuwait firm evinced interest in partnering ONGC in bidding for blocks to be offe- red for exploration of oil and gas. Oil and Natural Gas Corp on Tuesday offered Kuwaiti national oil firm a stake in its `19,500-crore mega petrochemical project in Gujarat, even as the oil-rich Gulf nation expressed …

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