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 …
South Africa plans to invest 2 billion rand ($258.5 million) to build an ethanol plant and help a nascent biofuels sector that could reduce the country's reliance on imported fuel, an industry player said on Monday. Africa's biggest economy imports about 60 percent of its crude oil needs and became …
Royal Dutch Shell's bid to drill in the Arctic this summer took another step forward on Friday when the U.S. Interior Department approved its oil spill response plan for the Chukchi Sea. Shell's response plan would allow the company to rapidly contain a massive spill in the challenging Arctic environment, …
Reliance Industries Ltd (RIL) and partner BP Plc have won approval from the government to prepare a plan to develop a natural gas discovery in the Bay of Bengal, two people with direct knowledge of the matter said. A panel headed by the country’s oil and gas regulator recognised the …
A minority partner in BP’s blown-out Macondo well in the Gulf of Mexico agreed on Friday to pay $90 million in a settlement with the federal government and gulf states over the disastrous 2010 oil spill. The Justice Department said the agreement was the largest civil penalty ever recovered under …
Federal officials reached the first civil settlement related to the Deepwater Horizon oil spill when a division of Japanese conglomerate Mitsui & Co. agreed Friday to pay $90 million for alleged violations of the Clean Water Act. Under terms of the deal with Mitsui's MOEX Offshore, $45 million will go …
BP ratcheted up the rhetoric around multi-billion dollar claims from the Gulf oil spill by warning it would "vigorously" contest lawsuits over one of the world's worst environmental disasters. While reiterating BP's "bias for settling" at hearings scheduled later this month, CEO Bob Dudley said he would only do so …
Sand dunes rise above a windy, desolate stretch of beach, miles beyond where most tourists venture. Occasional flocks of brown pelicans are visible, arcing through the sky above the water. Photographs of oil-soaked brown pelicans became emblematic of the Deepwater Horizon oil spill two years ago, but the Texas coast …
After a long wait for government approval, Reliance Industries (RIL) is to begin work on development of four satellite fields—D-2, D-6, D-19 and D-22—in India’s largest gas field, block D6 in the Krishna-Godavari basin, or KG-D6 . In an investor presentation on Friday, RIL said it would start engineering surveys …
BP PLC and two other companies involved in the explosion at the Deepwater Horizon drilling rig in 2010 are contesting charges that were issued by U.S. regulators in response to the ensuing oil spill, the Interior Department confirmed Friday. The firms previously indicated they would fight the charges, but the …
New Delhi The regulatory panel overseeing the performance of Reliance Industries’ prestigious D6 block in the Krishna Godavari basin on Tuesday approved the company’s plan to develop four satellite fields at an estimated cost of $1.5 billion. The oil and gas major is keen to develop the fields around their …
The regulatory panel overseeing the performance of Reliance Industries’ prestigious D6 block in the Krishna Godavari basin on Tuesday approved the company’s plan to develop four satellite fields at an estimated cost of $1.5 billion. The oil and gas major is keen to develop the fields around their producing D1 …
BP's $20 billion oil spill fund has halted payments to eligible victims until a U.S. federal court clarifies an order issued in December, according to a notice posted on the fund's website. The U.S. District Court for the Eastern District of Louisiana had asked the fund, called the Gulf Coast …
British oil giant BP is pushing US energy services firm Halliburton to pay for all the costs BP incurred in the 2010 Gulf of Mexico oil spill, the worst environmental disaster in US history. In a US federal court filing, BP said that it was seeking full repayment of damages …
Nigerian authorities were putting emergency measures in place on Thursday to prevent an oil spill from a Royal Dutch Shell facility, the biggest leak in Nigeria for more than 13 years, washing up on its densely populated coast. Tuesday's spill, which Shell said happened while a tanker was loading oil, …
U.S. regulators issued additional violations to BP PLC for its role in the Deepwater Horizon oil spill, raising the level of fines that the company is likely to pay. The move came as Halliburton Co. fired back at allegations from BP questioning the oil-field-services company's conduct in the wake of …
BP, the company held responsible for the worst oil spill in the United States' history, has accused one of its contracting companies, Halliburton of destroying vital evidence relating to the explosion of the Deepwater Horizon rig on April 20, 2010, in which 11 rig workers were killed and more than …
The oil ministry has asked Reliance Industries (RIL) to prepare a fresh estimate of gas reserves in satellite fields of the KG-D6 block and submit a cost assessment for developing the new discoveries, further delaying the $1.5-billion plan to raise gas output by 10 million cubic metres a day. The …
Reliance Industries (RIL) has told the government that already declining production at its trophy asset, the D6 block in offshore Andhra Pradesh, could plummet drastically if its investment plans are not approved forthwith. Senior RIL officials led by Chairman Mukesh Ambani have met Prime Minister Manmohan Singh and Finance Minister …
Under a new formula announced on Wednesday by Kenneth R. Feinberg, the administrator of the $20 billion fund set up by BP for victims of the 2010 oil spill, shrimp and crab fishermen along the Gulf Coast may be eligible for settlement payments significantly larger than what they were previously …
Chevron came under intense scrutiny in Brazil on Friday over an oil spill at an offshore field the company operates, with federal investigators here threatening fines for Chevron and potential prison terms for its officials if they are found guilty of violating environmental contamination laws. The response to the spill, …
