Oil Exploration Projects

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  ONGC Evaluating Stake Buy In Russia's Vostok Oil Project

  Vostok is one of Russia's biggest oil project comparable in size with the exploration of West Siberia in the 1970s or the US Bakken oil province.

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  Philippines To Explore For Oil And Gas With China Near Disputed Waters

  The Philippines said on Thursday it was pursuing a long-delayed oil and gas exploration project with Chinese state-owned entity CNOOC Ltd and a Canada-listed company in an area near disputed waters in the South China Sea

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  Blog: Iran Refuses To Sideline China And Pak, Irking India

  While Iran drags its feet on awarding a crucial contract for gas exploration in its Farzad B offshore field to ONGC Videsh, India has decided to cut back on oil imports from Iran by 3 million tons (roughly 25 percent) in the current financial year.

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  China Defends Projects in Pakistan-Occupied Kashmir, Objects to India's Oil Exploration in South China Sea

  China has defended its investments in Pakistan-occupied Kashmir, which Prime Minister Narendra Modi had strongly objected to during his visit to that country last month. Beijing has also virtually rejected PM Modi's push to clarify the Line of Actual Control or LAC.

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  Cairn Bucks Trend by Increasing Oil Exploration Budget

  Oil companies have slashed exploration budgets this year to focus on projects that offer more immediate returns as a steep fall in oil prices since mid-2014 has tightened profit margins.

• Reliance Industries eyes Venezuela oil block stake, Mexico exploration assets

  Energy major Reliance Industries is looking to pick up an 11 percent stake in Venezuela's Petrocarabobo project that was recently surrendered by Malaysia's Petronas, and is eyeing exploration assets in Mexico, a company official said.

• Government trying to convince BHP Billiton to stay invested in India

  BHP Billiton Ltd, the world's largest miner, in October said it has exited nine out of its 10 oil and gas exploration projects in India as it could not start operations for want of defence approval.

• ONGC Videsh eyes Chevron's gas block in Vietnam: report

  ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is looking to buy a stake in US giant Chevron's $4.3-billion Block B gas project in Vietnam, according to sources.

• Cabinet Committee on Investment to clear 31 oil and gas projects this month: Finance Minister

  After clearing 5 "No-Go" areas for oil and gas exploration, the Cabinet Committee on Investment (CCI) will this month ease stringent conditions imposed by Defence Ministry on 31 other blocks.

• Cabinet Committee on Investment clears stalled projects worth Rs 74,000 crore

  The government has given nod to projects worth Rs 74,000 crore, stuck for years due to lack of various clearances, over the past two months. Most of these projects are in the infrastructure and energy sectors.

• Cairn begins gas sale from Rajasthan block, pitches for speedy project approval

  The Cairn-ONGC joint venture (JV) in the Rajasthan oil block has begun commercial gas production. Cairn India pitched for speedy regulatory approval for making the Rajasthan block the largest in the country.

• Cabinet Committee on Investment will hopefully clear few oil projects in 2 weeks: Montek Singh Ahluwalia

  Planning Commission deputy chairman Montek Singh Ahluwalia today expressed the hope that the Cabinet Committee on Investment will clear some oil exploration projects in the next two weeks.

• ONGC eyes stake in Canada's Athabasca oil sands: source

  Indian state-run exploration company Oil and Natural Gas Corp plans to approach Marathon Oil about buying half of its 20 percent stake in the Athabasca Oil Sands Project in Canada, two sources with knowledge of the matter said on Monday.

• ONGC to invest Rs 200 crore for exploration projects in Bihar

  The Oil and Natural Gas Corporation (ONGC) will invest Rs 200 crore in two projects of oil and gas exploration in Bihar's Kishanganj district over the next three years.