A Bill that seeks to amend the existing law governing exploration and production of oil and gas as well as delink petroleum operations from mining operations was passed by the Lok Sabha on Wednesday (March 12, 2025). The Oilfields (Regulation and Development) Amendment Bill, 2024, is aimed at boosting investment …
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 …
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
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 …
The U.S. government put the Atlantic bluefin tuna on an environmental watchlist as a "species of concern" on Friday, and will keep checking for any impact on these fish from the 2010 BP oil spill in the Gulf of Mexico. At this time, the species is not threatened or endangered …
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 …
BP said Friday that Moex Offshore, one of its partners in the oil well that leaked into the Gulf of Mexico last year, had agreed to pay $1.1 billion as part of a settlement for any claims related to the oil spill. Moex, which had a 10 percent stake in …
The U.S. House of Representatives approved legislation on Thursday to force federal exploration lease sales off the Virginia coast and in the Gulf of Mexico that were canceled or delayed by the Obama administration following the BP oil spill. The legislation, which was pushed by Republican lawmakers, has little chance …
BP Plc's $85 million settlement with the U.S. Department of Justice for oil spills in Alaska in 2006 suggests the government will push for higher than expected fines for the Gulf of Mexico blowout. Legal experts said the size of a $25 million penalty levied as part of the deal, …
BP will pay $25 million in civil fines to settle charges arising from two spills from its network of pipelines in Alaska in 2006 and from a willful failure to comply with court orders to properly maintain the pipelines to prevent corrosion, federal officials announced on Tuesday. The fine is …
Shell Oil will present an ambitious proposal to the federal government this week, seeking permission to drill up to 10 exploratory oil wells beneath Alaska
In April 2010, an explosion aboard the BP drill rig Deepwater Horizon killed 11 workers and caused the worst oil spill ever in American waters. Initially, government officials and BP officers denied the situation was serious. As details of the spill volume, and of damage to Gulf of Mexico fisheries, …
New Orleans: It was the catastrophe that seemed to crush a way of life, an oil rig exploding in the darkness and plunging the Gulf Coast and its people into months of chaos. One year after America
The UK government issued a press release confirming BP had contravened human rights regulations in relation to the controversial Baku-Tbilisi-Ceyhan oil pipeline from Azerbaijan to the Turkish coast. The announcement came after a long campaign by pressure groups for BP to be held to account for failing to investigate and …
Robert Dudley’s second $7-billion deal this year signals a shift for BP Plc toward the world’s fastest-growing economies as exploration drilling remains closed in the US after the Macondo oil spill. Dudley, the first American chief executive officer of the London-based company, agreed on Tuesday to pay Reliance Industries $7.2 …
IN the eight months since Kenneth R Feinberg took over the $20 billion fund to compensate victims of the Gulf of Mexico oil spill, he has been attacked by many of those filing claims and by coastal state politicians who argue that the process is opaque, arbitrary and slow. Many …
THE Gulf of Mexico should recover from the massive BP oil spill by the end of 2012, the administrator of the $20-billion victims compensation fund said. By that time, most of the harmful effect of the worst offshore oil spill in US history will have dissipated and the economy should …
The U.S. offshore drilling chief on Thursday said he would be "stunned" if no new deepwater drilling permits were approved during the first half of year, as he pledged to push forward with reforms despite industry opposition. Michael Bromwich, head of the Interior Department's Bureau of Ocean Energy Management, pushed …
Britain said on Wednesday it would review its regulations covering offshore oil and gas drilling in the North Sea following the publication of a U.S. investigation into BP's Gulf of Mexico oil spill. The review will start within a month and will report later this year, Energy Minister Charles Hendry …
