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 …

AASU memo to Centre over Assam Oil issue

The All Assam Students' Union (AASU) today despatched a memorandum to the Union Minister of Petroleum and the chairman, Indian Oil Corporation urging them to take urgent action to retain the identity of Assam Oil Division, Digboi Refinery of the Indian Oil Corporation Limited, keeping in view the interest of …

A K Bhattacharya: Oil, oil, everywhere

For eight successive years - between 1999-2000 and 2006-07 - the port at Visakhapatanam occupied the number one slot among the twelve major ports in the country. In 2007-08, it lost that position to Kandla. Against Visakhapatanam's 64.59 million tonnes, Kandla managed to handle a little more at 64.89 million …

US now bursts oil balloon on India

Close on the heels of President George W Bush's remarks linking Indians' food habits to rising global prices of commodities, the United States has now partly attributed the surge in oil futures to the increased demand in India and China. "There are a lot of different ways that we can …

Russia keen on investing in State

In what could open new doors towards development, Russia is keen to invest in areas like oil and gas, tourism, power and infrastructure development in Assam. Russian ambassador to India, Vyacheslav Trubnikov, disclosed this to Chief Minister Tarun Gogoi at a meeting attended by senior officials of the Government of …

ONGC plans to invest Rs 3,570 cr in its existing oil & gas fields

Public sector ONGC on Saturday said it has achieved highest reserve accretion of the decade and would invest Rs 3,570.6 crore for maintaining, revamping and enhancing its oil and gas production from existing fields. The board of the company has approved investment proposals aggregating Rs 3,570.6 crore for maintaining, revamping …

ONGC-BG Mahanadi deal gathers steam

ONGC's proposal to assign a 25% participating interest in its Mahanadi basin deep water block, MN-DWN2002/2,to BG Exploration and Production India Ltd (BGEPIL) has been recommended for approval of the petroleum ministry by the Directorate General of Hydrocarbons(DGH). The proposed assignment of participating interest (PI) to BGEPIL is part of …

Bush pushes Congress to move on farm legislation

President Bush yesterday accused the Democratic-led Congress of blocking his proposals to deal with rising gas prices and dragging its feet on measures to address the sagging economy. He said he was "open to any ideas," including a proposal backed by presidential contenders John McCain and Hillary Clinton to suspend …

Challenges before oil industry in NE underlined

The oil and gas scenario in the North East poses challenges in the form of static production of crude oil and un-economical transportation of the surplus products from the region. This observation has come from Anand Kumar, director (R and D), IOCL. Speaking at the recently concluded two-day seminar on …

Nod for exploration of 16 hydrocarbon reserves in Asom

The Centre has awarded 16 exploratory blocks in Asom near the bank of the Brahmaputra in the pre-New Exploration Licensing Policy (NELP) and NELP rounds held so far. Giving this information to the Lok Sabha, Union Minister of State for Petroleum and Natural Gas Dinsha Patel said these blocks are …

Countrys oil import price basket breaches $110 per barrel

Public sector petroleum companies' losses on fuel sales cross Rs 500 crore a day; govt under renewed pressure to allow them to raise petro-product prices New Delhi, April 23: The price basket of crude oil that India imports has crossed an all-time high of $110 a barrel, widening the losses …

Investment-friendly regime in E&P sector is petromin mantra

Even as the last date for bidding for Nelp-VII has been deferred till May 16, owing to uncertainty over sops for the E&P; players, the petroleum ministry has not given up just yet. The ministry, in its internal report, said focus would be given on increasing domestic production by attracting …

Speeding up exploration

For a large enterprise such as Oil India Ltd (OIL), which has a number of offices including those at remote locations, information integration is important for enabling transparency and speedy decision-making. Oil India wanted to have a system that would integrate its processes and systems to streamline oil exploration, production …

Visit to bolster energy, trade and investment ties

External Affairs Minister Pranab Mukherjee has begun a new round of engagement with Saudi Arabia, aimed at bolstering energy, security as well as trade and investment ties. During his two-day visit, he will hold talks with his Saudi counterpart Saud Al Faisal. Maritime security Saudi Arabia is seeking partnership in …

Hope springs from Africa's offshore oil installations

Seen from the porthole of a Super Puma helicopter skimming over the Atlantic, the future of African oil exploration appears for a second like a giant, fire-breathing dragon. Towering 12 storeys above the waters off Nigeria, Royal Dutch Shell's mammoth Bonga facility puffs a constant plume of flame as it …

Govt may restore tax sop on oil, gas production

In a major relief to companies like Reliance Industries, the government is likely to restore a 7-year income tax holiday on oil and gas production as it was a sovereign commitment to companies investing in the nascent sector. But uncertainity continues over the same tax break being extended to refineries …

Oilmin asks IOC to tap Venezuela for crude

India is looking upon Venezuela as a white knight as its state-owned refiner-marketers grapple with raging oil prices. The oil ministry has asked IndianOil to tap the Andean country for cheaper crude that will yield higher margins and help reduce overall losses accruing from selling motor and kitchen fuels at …

ONGC to resume mining in Nagaland

In 1994, the Nagaland government asked the Oil and Natural Gas Corporation (ongc) to shut shop in the state. Pressure from local people and militant groups had a big role in the decision. The country's largest crude oil producer is now set to resume operations in the north eastern state. …

We want benefits to go to people

Pungthing Shimrang, a senior member of National Socialist Council of Nagaland (Issac Muviah), tells Down To Earth On resumption of oil exploration We have not agreed on that. We can't allow mineral resources of the state to be extracted by outsiders. On environmental damages If oil companies are keen on …

Chekhov"s hell Sakhalin faces ravages of oil majors

LAUREN ALLAN-VAIL When the writer Anton Chekhov described Sakhalin as a hellish place, he could have scarcely anticipated the ravages wrought by big oil companies on this 78,000 sq km island. Sakhalin was a Russian penal colony then and the writer perhaps had little idea of its environmental importance. But …

Shell Bullish On Chukchi Oil And Gas Potential

Shell Bullish On Chukchi Oil And Gas Potential US: April 7, 2008 ANCHORAGE - Alaska's Chukchi Sea, the remote region separating North America's northwestern tip from northeastern Siberia, is one of the "potentially most prolific oil fields" left in the world and could ultimately compare to the Gulf of Mexico …

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