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 …

BG wants to buy stake in ONGCs oil, gas blocks

BG group of the UK is keen on picking 25-30% stake in state-run Oil and Natural Gas Corp's (ONGC) Krishna Godavari and Mahanadi basin deepsea oil and gas exploration blocks off the east coast. BG has expressed interest to take 30% interest in KG basin Block KG-DWN-98/4, which ONGC had …

India to seek stake in future Russian oil and gas projects

In an attempt to expand ties in the oil and gas sector and achieve the goal of energy security, India will seek stake in future Russian oil and gas projects, including the prestigious Sakhalin III and IV oil fields off the Russian East Coast, during the visit of Russian Prime …

Oil exploration, coal mining and power generation project: foreign group to invest $200 billion in Sindh, says Soomro

Caretaker Prime Minister, Mohammedmian Soomro Sunday said that an entrepreneur group from United States and Canada will jointly invest in oil exploration, coal mining and power generation project in Sindh with an initial investment of $200 billion. Prime Minister said the foreign investment will help the country attain its goal …

Loan for Peru`s LNG project

A midst oppositions from environmental groups, the Inter-American Development Bank has approved a us $400-million loan for the construction of a liquefied natural gas (lng) project in Peru. The project will be the country's first lng export facility. Camisea field is an important gas reserve in South America that Peru …

Oil companies eye tribal territory in Peru

The Peruvian government has allowed two oil companies to explore oil in remote parts of the Amazonian forests inhabited by uncontacted tribes. The decision comes after a Peruvian government spokesperson suggested these tribes do not exist, claiming there was "no firm proof' of their existence. The move is despite the …

Drowning in mud

Lusi, as Indonesians call the mudflow, is one of the more bizarre expressions of Indonesia's geologic turmoil. Since May 2006, it has spewed millions of barrels of heated sludge, blanketing an area twice the size of New York City's Central Park. Villages have disappeared under the mud, 60 feet (18 …

The assessment of compensation in compulsory acquisition of oil and gas bearing lands in the Niger delta

Oil and gas production processes place huge demands on land resources, land administration and land management in different parts of the world. In Nigeria, the transportation of oil and gas, their by-products and refined products is conducted through complicated pipeline networks traversing thousands of kilometres and criss-crossing several communities in …

US firm to explore oil beneath Black Sea

The Ukrainian government has for the first time allowed a us energy player to explore and develop its potential oil deposits buried beneath the Black Sea. The government believes the reservoir called Prykerchenska could yield billions of barrels of oil. The outgoing government of Prime Minister Viktor Yanukovych approved a …

Protest against Shell in Canada

Indigenous protesters and environmental groups have taken their fight against a coal-bed methane exploration project in Canada to the British media. An advertisement decrying Royal Dutch Shell's plan to drill wells in the headwaters region of the Stikine, Nass and Skeena rivers was carried in European editions of the Financial …

Arctic rush driven by desire to control hydrocarbon deposits, shipping routes

In 1937, Ivan Papanin led an expedition that planted the Soviet flag on the North Pole. He was feted by Stalin and lionised as a Soviet hero. In early August this year, the Kremlin honoured Artur Chilingarov similarly after the deputy leader of the Russian Duma had led two mini-submarines …

Will the Arctic be conquered?

the Arctic was a fashionable destination this summer. A team of Russian researchers planted their country's flag there in August. The Canadians went there, so did the Danes, even India sent an expedition recently. The Indians, though, do not claim any slice of the Arctic; not so far, at least. …

ONGC, BP in pact for exploration

ONGC entered into a memorandum of understanding (MoU) with j global oil major, bp, to collaborate in the exploration and production (e&p;) business in India and abroad, including sharing of knowledge in coal-bed methane (cbm) and deep-water activities. The pact was valid for an initial period of 18 months, which …

Online: Bell the cat

http://www.peakoil.com In 1956 M King Hubbert, a geologist for Shell Oil, predicted that production of oil would peak in the 1960s, and will decline then. Although derided by most in the industry, he was correct. Hubbert was the first to assert that oil discovery, and therefore production, would follow a …

In court

pulp appraisal: A federal court in Australia agreed to expedite an appeal hearing over an Aus $2 billion pulp mill proposal in Tasmania state. Environmental groups had challenged the government's environmental assessment of the proposed mill. A lower court had rejected the groups' challenge, following which they appealed the federal …

Eco tourism museum for Maracaibo lake

Artists, scientists, writers, teachers and entrepreneurs in Venezuela's northwestern state of Zulia have set up a foundation to sponsor an eco-tourism museum. At the heart of their endeavour is Maracaibo lake, the largest in South America, covering more than 12,000 sq km. The lake was the epicentre of the region's …

Ecuador decides to forgo tapping major oil fields, seeks compensation

The Ecuadorian government has decided not to tap a major oil field in the Amazonian rainforest, and asked the international community to compensate it for the sacrifice. The government's demand is in response to opposition by environmental and indigenous groups against oil development in the rainforest's Yasuni National Park. In …

Shell fighter bags Goldman Environmental Prize

Willie Corduff, an Irish farmer who opposed oil giant Shell's plans to build a gas pipeline on his land, is among this year's recipients of the Goldman Environmental prize. Awarded annually to six grassroots environmental heroes by the California-based Goldman Foundation, the us $125,000 Goldman Environmental prize is often referred …

Argentina scraps deal with UK to share oil found off Falkland Islands

Argentina scrapped a deal with the uk to share any oil found off the Falkland Islands, ahead of the 25th anniversary of the war for the islands. April 2, 2007, marked 25 years since uk forces reclaimed the islands after an Argentine invasion. In a statement, Argentine foreign minister Jorge …

South Asia

Titas gas leak Bangladesh Gas Field Company Ltd has initiated operations to stop uncontrolled gas leaks from the country's biggest gas field Titas in Brahmanbaria district. Though the gas started leaking around four years ago, it has been aggravated by rains in 2006. According to local media reports, the gas …

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