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 …
New Delhi A regulatory panel has allowed Reliance Industries to carry out surveys on 12 satellite fields in the deep water D6 block in the east coast, subject to the condition that this expense would become eligible for recovery only if a subsequent field development plan is approved by the …
The Petroleum and Natural Gas Ministry has rejected the “integrated development plan” submitted by Reliance Industries Limited (RIL) and its partner British Petroleum (BP plc) for development and production of 16 gas discoveries and instead asked it to restrict pre-development expenses only to fields that have proved commercial viability. The …
Shrimp processors have asked a federal judge to delay preliminary approval of BP Plc's proposed settlement of economic damage claims from the 2010 Gulf of Mexico oil spill, arguing that it is unfair to parts of the shrimp industry. The American Shrimp Processors Association said the accord, which calls for …
The estimated multibillion-dollar settlement between BP and lawyers representing individual and business plaintiffs in the 2010 Gulf of Mexico oil spill was fleshed out on Wednesday in hundreds of pages of motions and exhibits. The broad outlines of the agreement in principle reached last month, including an estimated $7.8 billion …
The Attorney General for the State of Florida has asked a federal court to delay granting preliminary approval of BP Plc's $7.8 billion settlement with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill. Attorney General Pamela Bondi, representing her constituents, said in a filing in …
PARIS: The European Space Agency said on Thursday it had lost contact with Envisat, the biggest Earth-monitoring satellite in history. Designed to operate for only five years, Envisat was launched in March 2002, carrying 10 instruments to monitor the planet's oceans, ice, land and atmosphere. The giant 8.2-tonne, 10.5-metre (34.1-foot) …
BP Plc will gain access to U.S. government documents that may shed light on the size of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, a crucial issue in determining the oil company's liability. According to a Wednesday court filing, the government agreed to produce the documents …
An oil sheen spotted near Royal Dutch Shell platforms in the central Gulf of Mexico has caused the company to send a spill response vessel and seek aircraft over flights, a Shell spokeswoman said on Wednesday. The source of the one-mile by 10-mile sheen between Shell's Mars and Ursa projects …
BP Plc will gain access to U.S. government documents that may shed light on the size of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, a crucial issue in determining the oil company's liability. According to a Wednesday court filing, the government agreed to produce the documents …
A dispute over the authority of U.S. accident investigators heads to federal court here Wednesday, in a case pitting the U.S. Chemical Safety Board against Transocean Ltd., RIG -2.01% the owner of the doomed Deepwater Horizon drilling rig. The House Energy and Commerce Committee asked the board, which investigates industrial …
With KG-D6 output hitting an all- time low, Reliance Industries and its British partner BP plc have submitted to the government a revised field development plan for enhancing gas production from MA field in the block. RIL-BP propose to drill one gas production well on the MA oilfield in the …
India’s state-run Oil & Natural Gas Corporation (ONGC) has joined hands with ConocoPhillips for exploration and development of 19 deepwater oil and gas blocks. The two companies would also be collaborating in shale-gas exploration. ConocoPhillips is the third-largest integrated energy company in the US and the fifth-largest refiner in the …
Hydrofluoric acid (HF) leaked from an alkylation unit at BP Plc's 406,570-barrels-per-day refinery in Texas City, Texas on Tuesday morning, triggering alarms in the plant and warnings to area residents, company and city officials said. No injuries were reported at the refinery, the fifth-largest in the United States, or in …
Gazprom, the world’s largest natural-gas exporter, is struggling to get a foothold in the Asian markets leading global economic growth. The Russian company’s plan to supply liquefied natural gas to India from 2016, the year the US is set to start gas exports, is faltering after buyers said they’re looking …
The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential windfall in legal fees. London-based BP announced the deal on Friday with the Plaintiffs' …
BP and the lawyers for plaintiffs in the trial over the 2010 oil spill in the Gulf of Mexico have agreed to settle their case. Judge Carl J. Barbier of Federal District Court in New Orleans issued an order late Friday night stating that the two sides “have reached an …
The civil trial over America’s biggest oil spill has been delayed for a week as efforts to settle the multibillion-dollar litigation intensify. Proceedings were scheduled to begin Monday, but on Sunday afternoon, Judge Carl J. Barbier of Federal District Court, who is overseeing the sprawling litigation, issued a brief order …
With the production from the once prolific Krishna Godavari basin D6 block of Reliance Industries Limited (RIL) projected to decline to 27 million standard cubic metres per day (mscmd) by April this year, the Government is exploring all legal options to take “penal action” against RIL for the ‘drastic fall' …
The United States and Mexico reached agreement on Monday on regulating oil and gas development along their maritime border in the Gulf of Mexico, ending years of negotiations and potentially opening more than a million acres to deepwater drilling. The agreement, if ratified by Mexican and American lawmakers, would for …
Nearly two years after the oil rig explosion that killed 11 people and spilled millions of barrels of crude oil into the Gulf of Mexico, the myriad plaintiffs suing BP and other companies over the disaster are about to get their day in court. With the start of the high-profile …
