News
April 06, 2017
OPEC all but trashed the tanker market with its output cuts. That the damage hasn’t been even worse is thanks in large part to a flood of U.S. crude exports, particularly to Asia.
News
April 05, 2017
Premier has announced that it has signed a share purchase agreement with Al-Haj Energy Limited (Al-Haj) for the sale of Premier Oil Pakistan Holdings BV, which comprises Premier’s Pakistan business for a cash consideration of $65.6 million.
News
April 04, 2017
The overseas arm of India’s biggest oil and gas explorer intends to spend more than $3 billion on Iran’s Farzad-B natural gas block.
News
March 31, 2017
Shell has opened a new major technology hub in Bangalore, India, expanding the company’s R&D activities in Asia. The 52-acre, custom built technology center can house up to 1,500 experts working collaboratively on innovative projects worldwide.
News
March 30, 2017
Gazprom Neft and India’s ONGC Videsh Ltd. have used the International Arctic forum ‘Arctic: Territory of Dialogue’, currently taking place in Arkhangelsk, to announce the signing of a Memorandum of Understanding, which confirms the companies’ mutual intent in joining forces for implementation of offshore hydrocarbon production projects in Russia and elsewhere in the world.
News
March 30, 2017
The International Energy Agency welcomed India as an association country on Thursday, expanding its partnership for a more secure and sustainable energy future with the world's third-largest energy consumer.
News
March 23, 2017
India’s Oil & Natural Gas Corp. is wading into deep waters, where energy giants BP Plc and Reliance Industries Ltd. found a sea of trouble.
News
March 10, 2017
A delegation led by Mr. Dharmendra Pradhan, India’s minister of petroleum, participated in CERAWeek in Houston.
News
March 10, 2017
Engie SA, France’s former natural-gas monopoly, plans to sell its entire 10% holding in India’s biggest importer of liquefied natural gas.
News
March 09, 2017
More Asian LNG buyers are trying to avoid taking the U.S. supplies they signed up for just a few years ago in order to cut shipping costs.
News
March 02, 2017
India’s plan to push its top oil producer to fund a takeover of a state refining company may threaten some near-term investments.
News
February 22, 2017
UK-based start-up Rovco has taken its firsts steps into international waters and made significant progress towards growing its global footprint following the completion of two subsea survey contracts in Southeast Asia and the Middle East.
News
February 17, 2017
A province governed by India’s Prime Minister Narendra Modi for 13 years is impeding his plans to promote clean energy.
News
February 15, 2017
JDR, a supplier of subsea umbilicals and power cables to the global offshore energy industry, has been awarded a major steel tube umbilical contract by Cameron Ltd, on behalf of operator ONGC, for the 11 wells of western offshore project.
News
February 15, 2017
India approved awarding rights for 31 small discovered oil and gas fields in its first auction in six years, entrusting most of these to new entrants as it seeks to boost local production.
News
February 14, 2017
Fugro has secured its continued utilization of high performance offshore IRM vessel, REM Etive, and has finalized a purchase agreement at conditions significantly more beneficial than a renewed charter agreement, with owner Solstad.
News
February 08, 2017
Qatar Petroleum (QP), Total, Mitsubishi, Exxon Mobil, and Hoegh have announced their commitment to advance a liquefied natural gas (LNG) import project in Pakistan in collaboration with Global Energy Infrastructure Limited (GEIL).
News
February 01, 2017
India is planning to create a state-owned oil giant through mergers to match the might of international companies and billionaire Mukesh Ambani’s Reliance Industries Ltd.
News
January 31, 2017
West African oil producers will next month send the most crude to Asia in at least five years, the latest sign of how refineries in the world’s biggest demand region are scouring the world to replace supplies cut by OPEC’s Middle East producers.
News
January 11, 2017
Saudi Arabia was said to cut February crude sales to China and southern Asian nations, while largely sparing countries including Japan and South Korea, as it curbs supply as part of a deal between OPEC and other producers.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.