November 23, 2022
3M Project is located approximately 75 km (46 miles) southeast of Madura Island in the Madura Strait, East Java, with an average water depth of around 80 m (262 ft). The project contains three gas fields with a total of nine gas-producing wells.
November 14, 2022
Chevron Corp. company sees potential for geological formations such as those at its Gorgon liquefied natural gas facility in Western Australia to be used for storage of third-party emissions from Asia.
November 10, 2022
India is suddenly facing an LNG glut as the nation’s customers rush to alternatives to pricey natural gas. Scheduled LNG deliveries may need to be delayed as storage tanks are nearing maximum capacity, traders said.
Drilling should pick up steam this year, gaining more than 18%, as nearly all regions will see activity increase. Development should thrive, as the world looks for additional sources of crude oil and natural gas.
September 19, 2022
Pakistan State Oil Co., the nation’s largest fuel importer and retailer, is planning to build a $500 million LNG terminal as part of its strategy to diversify into multiple businesses.
August 12, 2022
Oil & Natural Gas Corp.’s profit beat estimates to rise more than three times after oil prices surged in the wake of Russia’s invasion of Ukraine and an increase in local gas prices.
July 03, 2022
India’s windfall tax on domestic crude oil production and fuel exports may help the government bring in 1 trillion rupees ($12.7 billion) in revenues, Press Trust of India reported.
July 01, 2022
India slapped taxes on fuel exports and local crude oil production to tap windfall gains from surging global prices.
June 28, 2022
A helicopter carrying nine people near India’s Oil and Natural Gas Corporation’s Sagar Kiran offshore rig landed in the Arabian Sea on Tuesday morning, killing four.
June 07, 2022
The U.S. has sent nearly three quarters of all its LNG to Europe in the first four months of 2022, with daily shipments to the region more than tripling from last year’s average, the U.S. Energy Information Administration said Tuesday.
May 29, 2022
Oil & Natural Gas Corp.’s profit rose 32% in the fourth quarter but missed estimates as an increase in government levies ate into the gains from soaring oil prices after Russia’s invasion of Ukraine.
Polymer flooding actually dates back to the 1970s and 1980s, but it is enjoying a resurgence of usage, thanks to more recent results in projects.
The year 2021 witnessed unprecedented development in the energy markets. Such events were contrary to conventional wisdom and have ramifications for the oil markets, for years to come.
December 27, 2021
The agreement formalizes a closer working partnership between the two businesses, following the formation of a strategic alliance in 2019 when Hunting and Jindal began cooperating to develop their presence in the rapid growth OCTG market in India.
December 07, 2021
The United Arab Emirates and Reliance Industries Ltd. agreed to build a $2 billion petrochemical plant, the Indian company’s first such investment in the Middle East.
November 18, 2021
Spot freight rates for liquefied natural gas tankers in the Asia-Pacific have surged to record highs as a steady flow of U.S. cargoes to the region boosts demand for ships.
November 01, 2021
OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasoline prices.
October 29, 2021
For the past year, oil consuming countries have become increasingly anxious at crude’s resurgence: first to $50 a barrel, then $75 and now to more than $85. And when Vladimir Putin, one of the leaders of the OPEC+ cartel, warned that $100 a barrel was a distinct possibility, the alarm bells really started ringing.
October 18, 2021
Asian demand for U.S. oil is rising as the energy crisis boosts prices for other crudes that are priced against the global Brent futures contract.
October 13, 2021
Government climate policies and the transition away from fossil fuels are not to be blamed for the energy crisis ravaging Europe and Asia, according to the International Energy Agency.